Read on Twitter
Ready thee for a tweetstorm that maketh even the author unsettled, nervous and tingly?
I am packing my moonbags with some tokens I never thought I would... Thread below.
I am packing my moonbags with some tokens I never thought I would... Thread below.
2/ Let me cut straight to the chase: I am deploying capital into the Tron ($TRX) ecosystem. I'm not buying TRX outright, but rather a few strategic plays within the ecosystem: specifically $OKS. And I'm looking for an entry on $JST. What? How? Why? Who? Where?
3/ Before I talk OKS and JST, let me say this: TRON is a copy-pasta network. But I could care less. I know its got active users. And if you want to make money in crypto, you should care about one thing and one thing only: active users.
4/ Marketing and hype can get you a temporary pop in valuation. Users get you sustained growth. I want users... not theories about which networks have tech that makes TRON look amateurish.
5/ As the noble sage George RR once wrote: “Most men would rather deny a hard truth than face it.” Let us face it together.
6/ I am not alone in being surprised by Tron's stickiness, growth and active users. @flipsidecrypto has noticed the same phenomenon: "(TRON is) probably more real even than 90% of blockchains we’ve looked at." Their data is linked below... https://flipsidecrypto.com/blog/is-tron-a-scam
7/ Poloniex has become the gateway/portal/stargate to enter the world of TRON (they even have PoloniDEX)... just like Binance/BinanceDEX is morphing into a gateway/portal/stargate into the world of Cosmos/BEP token-land.
8/ On TRON, we all know about @bittorrent $BTT (which has a $60 million MC), and the bizarre soap opera that was the $STEEM acquisition. But what most don't realize is that TRON is red-pilling ALL of crypto's best projects and pulling them into the TRX matrix.
9/ And it's doing it rapidly. Over the span of about 1 quarter (that's 3 months for the fractionally challenged), TRON will see 4 years of development work across other chains get brought into the ecosystem.
10/ Tron "4.0" will launch on July 7. It will give devs the ability to incorporate zk-snarks from $ZEC, for example. Translation = optional private transactions are days away from being possible on TRX. More here: https://decrypt.co/31589/tron-4-0-is-launching-with-advanced-privacy-features
11/ TRON has nearly $3 billion in USDT outstanding... I know that's controversial, but TRON also just launched JST, which is essentially Ethereum's Maker ($MKR).
12/ With JST, TRON now has its own decentralized stablecoin, $USDJ. USDJ's market cap = $5 million. That's nothing to email grandma about, but it's so fresh and so clean (and ripe to grow) with just 962 holders: https://tronscan.org/#/token20/TMwFHYXLJaRUPeW6421aqXL4ZEzPRFGkGT
13/ Weeks ago, TRON launched a version of Uniswap, and TRON now has its own version of Synthetix ($SNX) called @oikos_cash ($OKS) (actually it was Oikos that launched the Uniswap port, Oikos Swap, on TRON).
14/ I am bag-stuffing OKS as I'm able. You can read my SNX thread below to get a rough idea why... https://twitter.com/redphonecrypto/status/1274821955875635201
15/ I think OKS has a shot at grabbing 10-25% of SNX's MC in the medium term. That's a 7x or so if the market stays flat (not to mention "interest" in the form of OKS rewards...). If SNX hits $1b like I think it will, OKS could hit $250m... a 36x from now (+ your OKS rewards).
17/ TRON will not stoppeth either. Justin SunMoonStars is teasing a Bancor on TRX @justinsuntron https://twitter.com/justinsuntron/status/1278150606243454977
18/ And Poloniex is teasing another IEO: https://twitter.com/Poloniex/status/1278070942523174912
19/ What's happening right before our eyes is that TRX is conjuring an entire ETH-like kingdom from the mist. It's Alice's through-the-looking-glass kingdom, perhaps, but its borders are expanding before our eyes. Its flags are being planted.
20/ If you can dream of it getting ported to TRON, you will awaken one morning and find that Justin has made it so.
21/ As the ecosystem grows, so will the value of things like JST, OKS and potentially even BTT (as users will soon be able to swap BTT for USDJ on a Uniswap-like DEX with shielded transactions! This is the stuff that my financial-freedom, sovereign-man dreams are made of).
22/ Let me point this out, though: I do not see TRON ever "displacing" ETH. I do not believe in ETH killers at all. I believe we'll live in a world of dozens of widely used chains and millions of tokens with instant swappability (thanks to things like $RUNE).
23/ ETH will wear the heaviest crown, but there will be many princes with many heavy crowns. In other words, there's money to be made in many silos. And I think TRON's new projects present some of the highest risk-reward ratios in crypto right now.
24/ Buying some downstream TRON tokens is unobvious right now. But things may look very different a year from now.
25/ OK. That's it for now. I feel better. Almost like I went to see my psychologist and got some things off my chest. I need a beer and cigarette. Fare thee well, brothers, sisters, fellow traders. I will provide thee liquidity on the DEXes as you provideth it to me.
