9RD Analytics

2022-11-10 16:09:07 Many cryptoinvestors are in shock. It would seem that after LUNA and 3 Arrow Capital, it's all over and it's time to gain ground. But then came the FTX crisis. There was a huge number of liquidations, BTC at $16k

Weak give up, strong go on. Many rich people have lost their capital, but only the strong get it back. Donald Trump declared bankruptcy four times. By some accounts, no one lost more money than Masayoshi Son in 2004, the founder of SoftBank. His loss was $70 billion. And now he is still one of the richest people in Japan. By the way SoftBank is an investor in FTX

We are a little sad now too, some of the assets of our investment fund 9RD Fund are in FTX accounts.
Remember you have something more than money - it's your knowledge and skills. And the money and the amount of it is just a result of your efforts. And for your efforts to bring the best possible results, learn more and improve your skills. So let's continue analyzing cryptoprojects.

https://telegra.ph/Total-Value-Locked-11-10

#TVL Open / Comment

2022-11-06 18:45:04 When analyzing a crypto project, you must pay attention to the security of smart contracts. It is unlikely that any of you can analyze a smart contract on your own, you need to be proficient in the appropriate programming language and have experience creating smart contracts. We have already written about the need for an audit.

How else can you evaluate whether a company is serious about the security of its code? You can do that by asking whether they have a Bug Bounty program. What budget it is allocated for, how many programmers and how often they participate in this program. What is the average amount per person and the total amount already paid. The answers to these questions will help you estimate the likelihood of a hack.

For example, the Zilliqa blockchain's Bug Bounty program has paid out $24950 over its lifetime, with an average payout range of $1200 to $6000 and a maximum payout of $10000. And the Aptos team gave $1 million to the same program. Clearly, such an amount should attract many programmers to the Bug Bounty Program.

These are circumstantial signs that allow you to add another fact to your analysis of the crypto project. This way your conclusions will be more accurate and logical. And so you will be able to make the right investment decisions.

We are trying to do more than just tell you our conclusions. We would like you to draw the right conclusions yourself. And to do that, you need to learn all the time. And we're here to help you do that.
#audit #security Open / Comment

2022-11-01 18:19:58 One of the most anticipated events of 2022 was the launch of the Aptos mainnet. We didn't miss it either and decided to do our own analysis of the new blockchain. What did we find out?
A great deal of critical information. The most common negatives are:
- the number of transactions per second does not match the declared
- lack of transparency of the tokenomics
- almost all tokens are blocked by validators in staking
- lawsuit against Mo Shaikh

In addition, it appears that an attacker has interfered with the airdrop process and has misappropriated an estimated 6.3 million APT coins.

Still, we think Aptos has a promising future. Why? As we know, Aptos was created by former Meta employees who worked on the Diem blockchain. The assets of Diem were sold to Silvergate Capital holding company and its subsidiary is Silvergate Bank. What follows is very interesting. It turns out that this bank is a leading provider of services to institutional digital asset customers.
The bank's clients include:
- 94 crypto exchanges, including FTX, Coinbase, Binance, Gemini, Bitstamp;
- 830 institutional investors (hedge funds, venture capital funds, private equity funds, family offices and traditional asset managers);
- 381 large companies associated in one way or another with digital currencies.

One of the bank's flagship products is the Silvergate Exchange Network (SEN), which is actively used. It is Silvergate Bank's internal network that allows customers to send U.S. dollars 24 hours a day between their accounts and the accounts of other Silvergate customers.

Silvergate Bank's third-quarter 2022 performance:
- net income - $43.3 million;
- number of digital asset clients - 1,677;
- transfers to SEN - $112.6 billion;
- revenue from commissions for digital asset transactions - $7.9 million;
- average customer deposit associated with digital assets -$12 billion;

Silvergate Bank has identified a need from its customers for a regulated and scalable stabler backed by U.S. dollars to move funds seamlessly. And the bank intends to realize this opportunity using assets acquired from Diem. By combining blockchain technology and the Silvergate Exchange Network, the corporation plans to create a next-generation global payment system.

So Aptos blockchain is a payment system for mega crypto whales. And everything else is a byproduct, which may also produce profits in the future.
These are some interesting conclusions.

Disclamer: The information about Aptos and Silvergate is not financial advice and is given solely as an example to make it easier for you to absorb the information.
#partner #investor Open / Comment

2022-10-27 17:24:20 What role could China play in a future bull market? Read this, it's very interesting.

https://entrepreneurshandbook.co/comeback-fda90ba90677

#arthurhayes Open / Comment

2022-10-23 20:38:31 What information can be extracted by analyzing blockchain nodes? Let's figure it out.

https://telegra.ph/What-to-look-for-when-analyzing-nodes-10-23

#onchain #node Open / Comment

2022-10-18 16:30:48 We have completed the Chia blockchain analytics report that we were commissioned by a venture capital fund. We want to share with you the general conclusions.
The main negative trend is that the XCH rate has been dropping almost since the launch of the mainnet.
And yet, we are also considering significantly increasing our investment in this cryptocurrency. Why?
1. The founder created and sold a successful project. His vast experience in p2p technology undoubtedly minimizes the technological risks.
2. The company is planning an IPO. The top management, thanks to their qualifications and experience, has the ability to achieve such a goal.
3. Chia Network creates legal compliance with SEC requirements and lobbies its interests in the U.S. federal government. This will give the opportunity to interact with large companies in the same legal field.
4. The company is already involved in a major international carbon credit project.
5. The company has original products and intellectual assets, including a patent.
6. Chia Network has attracted the attention of the most prominent investors. This is subjective, but a positive factor.
7. The price of XCH at the moment reached $2500, and now it has fallen 80 times.

Two strategies can be considered. The first, speculative, consists in waiting for the IPO. The event in the community is long-awaited and with a high probability it will move the price of XCH up. To what extent will largely depend on the market phase.
The second strategy is long-term, with the expectation that the Chia Network will be able to attract large corporations and international organizations to its blockchain. The time horizon is likely to be a year or more. In addition to developing the potential of the company's internal resources, we should also expect a growing wave of bull market. As part of this strategy, the trigger for a price increase could be a halving, which will happen on 3/19/2024.

Besides, this coin is already in our portfolio, we were buying it:
11/15/2021 - $161.49
12/28/2021 - $102.37
2/15/2022 - $80.01
The average purchase price is $97.34, so we have an opportunity to very much lower our entry point into the asset.

Disclamer: this information is not investment advice. We are only telling you what we are doing, but we are not encouraging you to invest in Chia blockchain and its cryptocurrency XCH. It is up to you to research the asset yourself before making an investment decision.
#XCH Open / Comment