House Of Chimera

2021-07-31 00:07:25 Zilliqa Approach (ZIL-4)

The Zilliqa approach is to have a strong focus on user experience, by allowing them to use dApps without significant complex constraints. The ecosystem utilizes multiple funds to accelerate, incubate and even attract creators to their network. The growth of Zilliqa is notable in its digital presence and its adoption by projects. The ecosystem is mainly focusing on three industries:

- Social tokens
- Decentralized Finance (DeFi
- Non Fungable Tokens (NFTs) Open / Comment

2021-07-31 00:06:07 Raoul Pal – Metaverse (ZIL-4)
Raoul pal quote: [“I think we will see huge amounts of activity through the metaverse, [.,.] It’s the digital future of everything”].

The main issue for me right now is that most Metaverse games such as Earth 2 Earthium, and UpLand are just a google Maps grid. The complexity of a “ready player one” universe is extremely high. Triple-A game studios are struggling to deliver a smooth game experience for big open-world games, let alone a copy of the earth in VR with acceptable graphics. To add to that, most PCs are currently not capable of running acceptable VR graphics with an incredibly HUGE complex world, let alone being able to download.

A common argument is that technology is quickly catching up on these limitations. I do agree with the fact that it might be possible in the future. Open / Comment

2021-07-31 00:03:50 [THREAD] Recap of ZIL-4
House of Chimera has watched the full ZIL-4 event and will provide a general recap of the event. We will mainly focus on subjects that did interest us, therefore we won’t provide a full recap considering the event was over 3 hours long.

Have fun!

Join our Telegram discussion group to discuss our thoughts!
Follow us on Twitter and join our Discord Open / Comment

2021-07-27 20:32:44 Weekly Altcoin update – Week 30
This week’s update is quite packed with updates and upcoming developments. We will analyze $XCAD and $ZIL in this week’s update.

Zilliqa
Zilliqa is going strong with upcoming developments on ZIL-4. The yearly event is a birthday celebration of the Zilliqa platform, and traditionally there is quite some buzz and hype surrounding it. The event focuses on the upcoming developments of Zilliqa and partners and will have some guest speakers such as Raoul Pal (Founder/CEO of realvision.com).

What to expect of ZIL-4?
Well, we could get an update on the ETH <-> ZIL bridge and some of its implications. I think we will get an update on the Zilliqa Capital, considering we didn’t get that for a while now. The impact of Zilliqa Capital on the Zilliqa ecosystem has been slightly underwhelming so far, so we might see an update on that. Zilliqa is having multiple partners and projects building on to the platform, it would make sense to give a few of these partners and projects some air time to give them an opportunity to explain their upcoming developments and the way they are heading.

ZilHive is planning to share something they have been working on for months. This could be another fund to accelerate projects or something else that focuses on the adoption of the Zilliqa ecosystem.

I think we would see some updates on the upcoming developments of the roadmap of 2021. Currently, Layer 2 is still in the research and ideation phase and needs still a lot of work. It would be great to hear if an L2 solution will be implemented this year on at least the testnet.

XCAD Network
XCAD Network has released the roadmap last week, and it looks quite good. The roadmap gives investors a rough idea of what to expect in this quarter and the upcoming quarters up to Q1 2022. There are a few points on the roadmap of this quarter, which House of Chimera wants to discuss further.

Announcing further Creators & first creators enrolled into XCAD Program
This is in our opinion the most important point of all the points on the roadmap. A newly launched project needs to keep developing its product while increasing the adoption rate of that specific product. XCAD Network is further developing and deploying its product while allowing more creators to join their product. Network usage is underrated in the cryptocurrency industry, but it is one of the most important metrics to benchmark projects to each other.

XCAD DEX release
As stated in our report, the DEX is crucial for the adoption of creators. This component allows the creator to monetize their content, by making their content creator tokens liquid by the ability to trade them on the DEX.

Plug-in Mainnet launch
While the DEX is essential for the creator, the Plug-in is essential for the audience/viewer and creator. The plug-in creates value for both parties, by rewarding the audience for their watch time while the creator benefits from the higher probability of recommendation of the YouTube algorithm. The importance and all the implications of the YouTube algorithm are stated in our research paper on XCAD Network.

The roadmap of XCAD Network is packed with developments and it shows the adoption strategy that XCAD Network has taken to overcome certain obstacles. House of Chimera is happy to be part of the community of XCAD Network and is excited about the future of XCAD Network.

Join our Telegram discussion group to discuss our thoughts!
Follow us on Twitter and join our Discord Open / Comment

2021-07-26 18:32:24 Weekly altcoin update – week 29 This week's altcoin update involves an update on $XCAD, $RSR, and $ZIL! XCAD Network The XCAD Network is constantly building to push their product further, as discussed in the previous altcoin update, the current adoption… Open / Comment

2021-07-20 22:16:16 Weekly altcoin update – week 29
This week's altcoin update involves an update on $XCAD, $RSR, and $ZIL!

XCAD Network
The XCAD Network is constantly building to push their product further, as discussed in the previous altcoin update, the current adoption of their product by content creators does exceed 130 million subscribers this equals the population of France, Italy, and Norway. The roadmap of XCAD Network is allegedly coming this week, which we will analyze in the upcoming weekend read. The product release is expected in Q3, and this will have most likely a massive influence on the value of XCAD Network considering the product will create value for the platform by adoption.

Reserve Protocol
The adoption of Reserve Right is growing, the Reserve app is making serious progress to be the top downloaded financial application in Venezuela while being the 16th downloaded app of all apps. As highlighted in our report, the overall sentiment of Venezuelans is highly positive towards Reserve considering it allows them to avoid the financial constraint of black market USD exchange rates that are incredibly unfair. The overall social media growth of Reserve protocol is being noticed. The marketing strategy is mainly focused on the youth of LATAM, which makes total sense considering the demographic of LATAM. Besides that, the adoption rate of the youth on cryptocurrencies and blockchain as a whole is significantly higher in comparison with the older generation. Therefore, it is smart that Reserve Protocol uses the entity Hola Reserve for the LATAM area, with a focus on platforms such as TikTok and Instagram. This is further being discussed in our research and highlighted why it makes sense to target this audience.

House of Chimera expects the mainnet release of RSR to be imminent, considering the latest developments of the Reserve app to lessen the overall invitation restrictions. The adoption of Reserve Protocol is considerably increasing, considering this was a hard requirement it would make sense to release the mainnet sooner than later.

Zilliqa
Zilliqa is currently in somewhat of a progression period, where most of us wait on the ZIL<-> ETH bridge and on ZIL-4. However, it is worth saying that the Zilliqa ecosystem is being more and more built on, especially in comparison with a year ago. According to Zilstream, there are currently 25 projects on the Zilliqa ecosystem with a bunch of projects to come such as DeMons, Pillar, Coralapp, Hashswap, and more! The latest grant of ZilHive shows that there is enough ambition of developers to build on the Zilliqa ecosystem. The upcoming project Hashswap is in particular interesting, considering it will introduce a USD-pegged stablecoin on the Zilliqa platform. To add to that, there is a bunch of DeFi projects with meaningful concepts such as Nyayomat.

The projects that are currently doing exceptionally well are $XCAD, $SCO, and $PORT. These three projects are creating loads of value for the ecosystem by attracting investors outside the Zilliqa ecosystem, therefore creating network activity that draws new developers to build their projects on the Zilliqa ecosystem.
House of Chimera is looking forward to the ZIL-4 event, which will take place in a few weeks. Based on a small update of Colin Miles in the Zilliqa telegram chat, there is a bunch of updates of partners and announcements on the ecosystem.

Follow us on our Twitter & Discord for more content!

Join our Telegram discussion group to discuss our thoughts! Open / Comment

2021-07-19 20:51:24 House of Chimera x Syscoin

House of Chimera is delighted to announce the release date of the research paper on Syscoin!

Release date: First week of August

Syscoin is a blockchain powerhouse, with an innovative and cutting edge underlying technology.

Follow us on our Twitter, Discord and our Telegram discussion group for more content Open / Comment

2021-07-15 23:06:14 Weekly Bitcoin Update - week 28

On-chain data
The whale ratio is currently spiking – signaling that whales are manipulating the market for their benefit. The last times this happened, a sell-off happened and so did it this time.
MPI is still negative – miners are not selling.
Net exchange position turned negative again in the last week of June – highlighting that the supply held on exchanges is decreasing.
Open interest and overall estimates leverage ratio are increasing – signaling that leveraged traders are willing to take risks again -> good for the overall volume of Bitcoin.

Technical analysis
Not much to say here, we are still ranging in between the 30 – 36$K line as said last month. I don’t expect that to change any time soon, I thought it would but the China fud remains relatively strong. The Bollinger Bands on the daily timeframe are incredibly narrow – implying we will see a shit ton of volatility relatively soon.

https://www.tradingview.com/x/9C9ZrZxe/

Follow us on our Twitter, Discord and our Open / Comment

2021-07-14 20:54:56 Weekly Altcoin update – week 27 After a short period of being offline, because of my move to Belgium, House Of Chimera is back on track to push out new content. As stated above, our content will have a more structured form therefore you can expect a more constant… Open / Comment

2021-07-11 15:59:00 LTO Network scope
The overall product of LTO Network can be used for multiple industries (e.g. finance, law, and insurance) and government institutions (e.g. social insurance, and overall social systems). The project has currently 60 ecosystem partners and is on average processing more than 50.000 transactions a day. To add to that, the ecosystem is being used by multiple intergovernmental institutions (e.g. United Nations) and governments (e.g. Afghanistan, Netherlands). The ecosystem is currently onboarding an organization in a new country, which brings our total usage in countries to 108.

Conclusion
LTO Network is a solid project with an exceptional product, that is usable for multiple industries. The product of LTO Network has a great market-fit, with partners (i.e. United Nations, IBM, Dutch government) to affirm that. The problem that LTO solves is the exponential increase of the cost to exchange critical information within a trusted network. In the age of disinformation and deception governments, companies and intragovernmental institutions must use robust, highly efficient, and secure systems to exchange critical information.

Follow us on our Twitter, Discord and our Telegram discussion group for more content! Open / Comment