Welcome back to the sixth edition of 'Gem Hunters' this is series that I have not written in a while, just due to the amount that we saw BTC take over with dominance over the past 4-6 weeks and alts have had a pretty rough time across the board. But over the past 3 weeks, there have been some pretty incredible positions and opportunities and it does seem as this will extend into February…
In this sixth official Gem Hunters edition, I wanted to share three projects that I think could see some pretty major upside over the next few weeks. Projects that I am personally investing in and will be looking at entering positions once at solid accumulation levels and/or in any public sale or exchange listing.
If you are happy this series is back, let me know as have other projects that I think would be worth being featured and talked about over the next few weeks.
So let's dive straight into this sixth gem hunters edition and look at the picks...
1) Ramp Defi - https://rampdefi.com/
Over the past year, we have seen so much incredible growth in the DeFi ecosystem, it is the new hot commodity in the cryptocurrency space and I see it becoming one of the major services that the cryptocurrency space will offer moving forward. We have already seen the vast expansion of services being developed through the DeFi space and something like RAMP is such a huge benefit to the space and its users.
RAMP DEFI proposes that the staked capital on the non-ERC20 staking blockchains be collateralized into a stablecoin, “rUSD”, which is issued on the Ethereum blockchain. Similarly, users on the Ethereum blockchain can mint “eUSD” by depositing their ERC20 stablecoins into RAMP’s eUSD liquidity pool.
rUSD holders and eUSD holders can borrow, lend or exchange rUSD/eUSD freely, creating a seamless liquidity “on/off ramp” for users with capital locked into staking arrangements.
RAMP DEFI focuses on developing a range of products & services that make up the RAMP ecosystem. Users can benefit from a wide range of opportunities, these being; Extracting liquid capital from your staked portfolio to invest in new opportunities which is a huge benefit to users in such opportunistic times. Users continue to receive staking rewards on their staked digital assets, giving users a great bonus and incentive for staking. Also, users can earn yield from multiple revenue streams and farm RAMP tokens adding an extra layer of incentives to the user.
The RAMP DEFI eco-system integrates with a list of very established and well-experienced projects that include; IOST, ELROND, SOLANA, NULS, TOMOCHAIN, MOONSTAKE, INJECTIVE PROTOCOL & CRUST. Some great partnerships and integration has already happened and we are excited to be diving into RAMP for a more technical and detailed breakdown over the coming few days. Stay Tuned!
2) Tornado Finance - https://tornado.finance/
Tornado Finance is something new I have been looking at recently, I have seen a few messages here and there expressing interest in what is currently being built. As we are all aware by now, DeFi services have been exploding for the past year, and the number of users that are using farming products has exploded.
TCORE Vault is a Deflationary farming model forked from CORE, with an improved code. 20% of Total TCORE supply allocated on LGE for Liquidity is locked, and earns TCORE tokens from the vault when you lock your LP tokens. LGE Contributors received TCORE tokens of equal value to their contribution (They received LP tokens + $TCORE tokens for their support).
The TCORE Vaults earn a 1.5% fee from any Uniswap sell order and any transaction. TCORE Pools earn from profit strategy contracts to earn interest.
Another super interesting thing that TCORE does is that the TCORE pools are constantly buying back TCORE from the market which of course is a great constant force that is pressing down on the circulating supply. I personally really like it when projects have constant buyback programs, a very strong incentive for token holders.
Soon there will be a mysterious airdrop of NFTs to holders of TCore which is pretty exciting, I think integration with NFT’s is a very good idea considering the amount of growth NFT’s have seen over the past 6 months. Also, there is going to be an NFT auction, which will be held in such a way that benefits all holders.
If you are interested in staking, farming, and LP programs then check out Tornado Finance, I will have a more in-depth article released on this project in the coming few days so keep your eyes open for that.
3) ALEPH - https://aleph.im/
ALEPH is still one of my favorite projects going into 2021, for those who are aware of my positions and investments, you would have already known that I have been investing and accumulating a position in ALEPH for the past 6 months. ALEPH allows your blockchain-enabled app to securely access trusted off-chain data or computation within a couple of lines of code. ALEPH is cross-chain compatible with all of the major chains in the space, Ethereum, Polkadot, Cosmos, Binance Smart Chain, and Solana. There are so many uses cases and services that come with ALEPH.
Aleph.im’s core mission is to help decentralized apps and protocols strip off the centralized parts of their stack, achieving a fully decentralized architecture. Our open-source ecosystem achieves this by providing decentralized databases (including file storage), computation and a decentralized identification (DID) framework. You can think of aleph.im as a decentralized AWS or firebase.
ALEPH is supercharging DeFi, it removes centralized dependencies such as cloud databases and is completely decentralized. Allows for interoperability with projects built on any of the supported chains which at the moment is pretty much all of the major chains that are finding success in the blockchain space. Some of the other major use-cases are Document Certification, Real-Time DApps, DEX Order Book just to name a few of the potentially unlimited use cases.
ALEPH’s tokenomics are strong in my opinion and even stronger after they conducted their supply reduction in Q3 of 2020, which resulted in the total supply being cut in half, from 1 billion to 500m. The current market cap on ALEPH at the time of writing this article is $9,966,474, and honestly, for what they are building and what they can achieve, this is heavily undervalued in my opinion. I am super excited to watch both the development of the ALEPH ecosystem in 2021 and also to watch price action closely. I think this year will be a very good year for the project and over the next few weeks, we will have a more detailed report that will be reduced on ALEPH.
Gem Hunters - Episode 6
Well I had a nice response all typed up but wasn't logged in. Love the Gem Hunters series. I use to love searching for really young projects before privates in 17, reading WPs to understand the tech. Dont have the time these days. And appreciate the work you do. I am hodln aleph and Ramp. Know of TCORE but haven't given them the time
Keep these coming and let's have fun making some $$$ this year! Cheers