A small lesson about Market Cap and Growth Potential. A lot of new users have joined over the last couple of very bullish weeks and I have seen this or similar questions a lot in the daily: what are some cheap/under specific value coins to invest in?
>Moonriver was an outlier and you know it. It was the second most successful parachain so it's not like it came out of nowhere. Anyone who was interested in KSM's auctions must have participated on this one and Karura's Dot's auctions began at the end of the bull run so the timing was bad. That's why i didn't participate on them.
Well looks like accumulation phase is here..where a lot of old projects will fade away and the new usefull shiney stuff comes to action. I think we will be seeing new ATH starting to take place right after the halving or even a bit earlier. Bullish on EGLD KDA KSM ALGO, thinking Kadena will suprise a lot of people, no other PoW is doing the stuff they're doing, pretty amazing scaling like no other..Bullish on DeXes as well since people see that CEX is not your key not your coin..UNI KDX CAKE will behave fenomenal esp KDX thats gas free DEX
That's true and DOGE is just centered on being a meme coin while Polkadot focuses on interoperability on the other hand. Most of their users are probably wondering about the recent proposals on Polkassembly which includes liquidity funding for Genshiro money market and DEX using KSM tokens.
Just for the record, this can happens in any defi protocol or PoS blockchain. It's not "a solana thing" People here think decentralized = nobody can take my money. And it's not true. And again this at defi level, not Solana's (blockchain) level And I don't give a fuck about Solana but just to clear things. JUNO seized funds on blockchain level not long ago. KSM I believe so too.
At this point? Of course. I moved all my money out of everything but ETH, DOT and KSM(the latter two because that's locked in for crowdloans) and one other coin that shall remain nameless. I believe all 4 of the coins I'm in will rebound in due time. But as with any smart investment into volatile markets, I only invested what I was comfortable losing.
Mission Nascency $BIRTH — The token has high reflections. 15% of the transaction value of each transaction made is automatically distributed to the holders as a $KSM. The longer you hold it, the more reflections gain you get. ♠️ Telegram: https://t.me/missionnascency 🏴 Launch Date: 1st July. 🤍 Contract Address: 0x00361fFcEe7fE1ebe740D9f7BEcBa9C602eB6320 Join the (⋯, ⋯) — Now or never 189
You go on parachains.info and you can contribute your KSM in a Kickstarter fashion to essentially get airdrops from the project you bid on (if they win). Your KSM is locked for 1 year, it's a trade-off for investing in new projects. Same goes for the Polkadot parachains, but their lockup period is 2 years. I was just counting the crowdloans I invested in, and I found another one I'm throwing another 2 KSM into now.
What rally dude? People really don't check daily and weekly charts I guess. Half of the market is still red weekly and the top difference in greens in last 24 hours is KSM with almost only 10%, followed by HOT and WAVES with 7% and 5% respectively. Anyone says something about crypto these days geez.
A key part of Kusama is the cost to operate. It’s cheaper to do things on Kusama from leasing a parachain to actual transactions. It will also help decongest DOT projects in the long run. Main projects on DOT will and have been supporting their counterparts on Kusama. Things will really explode in both ecosystems once the bridge between KSM and DOT is established. Should be soon.
I know its prudent to buy into solely bitcoin right now, but I also see it as a chance to get into some alts that seem to have a good chance of making it. So as of right now, i'm building my bags of KSM QNT DOT and THETA. Then i'll go back to BTC.
I started buying DOT in April 2021, so I'm happy to average down at this point haha. Also picking up some more KSM, and RMRK in the Dotsama ecosystem, and am considering some LINK/ALGO/ATOM, as I have no exposure to those ecosystems, though I have in the past. As others have said, DOT will be a good hold through a bear. It's my favorite asset. I love crowdloans and interoperability.
tldr; Polkadot’s first batch of parachain auctions are set to expire, releasing over 1 million locked Kusama (KSM) tokens into the market. Liquid staking enables users to safely unlock on-chain liquidity and take advantage of yield-bearing opportunities offered by decentralized applications. Polkadot is a proof-of-stake (NPoS) network that allows users to use their derivatives as collateral to borrow across different ecosystems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
DOT and KSM are able to do it because of the parachain model. A very large % of tokens are staked via parachain lease at no cost to the relay chain. Actual inflation isn’t all that high for projects at this point in their development. Considering even Bitcoin inflation was 30-50% in 2011.
Rough week, I know there isn't much in the form of good news out there recently but on a positive note I am looking forward to the ETH merge, it's fast approaching. I've also been considering opening positions in NEAR and KSM.
Honestly, I never liked Terra just based on it’s feel. It didn’t work as smoothly as Solana (not that I support SOL anymore). That alone made me saw it as a red flag. I could say the same about DOT and KSM but they have rewards and a robust community.
The value of the DOT token is going to vary depending on who is buying. DOT is widely held by institutions because it can provide less risk for large investors supporting new projects. Building a new chain in itself is not extremely difficult. Decentralizing a L1 is immensely difficult as we’ve recently seen. Parachains don’t need to worry worry about decentralization because Polkadot itself handles the decentralization. Projects just need a few collators which are much easier and they can focus on actually building out a product. A VC, or even retail like us, essentially just needs to ensure a new chain has enough DOT tokens to win a slot and it has instantly becomes decentralized for 2 yrs. They (or we) get tokens, ie. ownership, in the same way as a traditional early stage stage startup. The difference is the young projects have more incentive to deliver because they are not receiving the funds directly, but are being loaned the resource necessary to perform what is traditionally the hardest task. They either deliver and are successful or they don’t and the investors get their DOT back in 2 yrs to invest in the next promising projects. It sustains itself because projects will need to continually renew the lease, most likely on their own, after the first lease. Moonriver recently self funded its second lease on KSM after crowdloaning the first. At maturity you’ll have 100 L1 chains stockpiling DOT in perpetuity to ensure they always have a slot. This is just one side of it and you still have all of Defi, governance, etc.
The best sign is people in this sub don’t talk about it. It’s designed for the builders, not the gamblers. There’s a reason DOT and KSM are both consistently two of the most active projects on GitHub. It provides security and allows communication. It’s not sexy, but has already solved the biggest problems these lesser projects continue to face.
I'm pretty sure people are using it. They wouldn't have 10% DOT locked and 30% KSM locked, if people weren't using it. No problem filling parachain/parathread slots either. COSMOS gets shilled on this sub pretty hard for fairly meager competition to a working ETH 2.0 built into Polkadot. Imo, there's no comparison.
I put all my DOT in the parachains. And it's my third biggest bag. So far the rewards/projects have been shit unless you dump it the very first day(which I didn't cos I am a moron and I thought the tech lablalba). It's tru that the whole market is shit but still If when the unlock happens the market is shit, the dump will be insane. I guarantee you that. KSM unlock will be the same, plenty of people with ksm locked and parachains didn't even started for many projects Things are going to have to change A LOT for me to lock my dots again
The thing with crypto is, right now the market just isn't healthy and worth the big investment. I'v been here trough 2017 crash. Most of my coins still had to recover from that crash. Remarkable DOT and KSM being one of them. So I'm still down 40% pre this week crash and now another major crash. At this point even DCAing is just losing money over a bigger time. Whats the point of investing in something that forces you to sell within a year because a bearmarket is just around the corner.
DOT have a serious problem and it's that parachains have been shit. There's no other way to put it. Same goes for KSM (MOVR was an unicorn and still plenty of people got fucked with FOMO) Right now Cosmos is much more mature and it prints so much money. Much more money than parachains. And yes, that's what people care about. Timing have been terrible for DOT and it proved that 2y lock up may not be a good strategy. If Acala and Moonbeam do not became top 50 by the end of the crowdloan the dump will be massive. Just like it's gonna happen in KSM (community is tight but money and activity is meh) So one year and a half to tell VC to pump those bags and build something different than yet another dex And I have xxx DOT so I want this mofo to do well. Lastly , check Exosama and Moonsama. Exo could bring glory to dotsama
Having fun actually using/participating in crypto projects: • Officially mined my first full HNT in a little over 10 days • Enjoying the Banano community, JungleTV and Folding at Home • Pariticipated in DOT/KSM parachains Excited to get into crypto on a deeper level than just CEX purchases!
Don't think it'll make alot of difference to what ever the current price movement is of KSM at that time. Look at DOTS current price it's pretty low even with DOT locked up in parachains. I know nothing thou everytime I think I do 🤷♂️
From May on, several million then hundreds of thousand KSM which were locked into crowdloan will be released. I am not sure what will happen, probably part of it will be locked in either other crowdloans or staking but that might also trigger a sell pressure, going on on several months as the other parachain leases are over. This means prices of KSM might move accordingly, and it'll be possible to accumulate at some low cost. What do you guys think about this?
Depends what you're staking and who has the better rates for most people. I've got everything staked with kraken for convenience so everything is in one place. Also no fixed terms, you can unstake whenever you want, so I can still buy and sell easily when there is pumps and dips. I also trust kraken more than some others. Currently staking DOT, ATOM, KSM & KAVA with kraken.
Lots of projects on the DOT and KSM ecosystems but the problem is that so many are unfinished, just promises of a working product/protocol. Some may not even launch for another year or more. While there is interesting things going on on other chains like Solana, Terra, and even other EVM based chains like Avax. Not saying DOT will die, but right now there just isn't much tangible going on over there and it's easier for people to invest in an ecosystem that has a real use case and real working products and protocols.
I've been around since 2017 but times are much more different now. No coin had anything really functioning at the time. 2017 felt more like "what if" while now we can actually see the pieces of the pizzle coming tofether to reveal what that "what if" was back then There was no bridges between chains making it much more easy to flow from chain to chain. If a coin didn't get a major CEX listing like Binance, Coinbase, Kraken then they quickly faded while now we're seeing coins reach $1b in valuation with zero CEX listing and being only on DEX's (OSMOSIS, JUNO). Now we have entire ecosystems built on block chains. ATOM has dozens of chains all connected via IBC. AVAX is building a multi chain ecosystem via subnets, DOT/KSM has their para chains etc. I do believe that a bunch of coins will still fade away a few years from now but we're at a point where the projects with a florishing ecosystem around them are going to be the ones that survive
I had almost the same kind of journey as you, except I didn’t put any time and effort on KSM. Since you went deep on my favorite part of the cryptoverse I have 3 questions from you. 1. Does Kusama have any guaranteed position in this realm if Polkadot’s ecosystem rise and gets bigger?(all I know is KSM is the test network, so sorry if its a dumb question) 2. What are your thoughts on Polkadex? I was fascinated with this project when their first crowdloan launched, and now after reading their whitepaper I’m excited seeing them actually having a chance to win a parachain slot this time. 3. What spaces do you see in Polkadot’s ecosystem to contribute in and actually using it? (both as a developer or an amateur user)
During the height of the Polkadot and Kusama parachain auctions, Binance locked down DOT/KSM constantly, even going as far as making minimum 1 KSM withdrawls when it's price was around $400/KSM. That's when I discovered KuCoin.
tldr; Acala and Anchor Protocol will work together to serve as gateways into Polkadot and Terra ecosystems. Anchor will offer low-volatility yields on Terra stablecoin deposits by lending to borrowers who deposit PoS assets as collateral and enjoy access to liquidity services via UST. Acala and Karura will initially help expand Anchor’s collateral options with Liquid DOT (LDOT) and Liquid KSM (LKSM). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Honestly, its alright for me, KNC is doing all the heavy lifting in my portfolio. Aster also gave me some breathing room and the ZIL rally gave me a nice boost. I'm amazed my DOT and KSM still haven't recovered from the previous crash. still down 40% on those 2.
tldr; Cardano NFT projects have had the largest level of activity on Cardano at 47.9% as creators and users bet on the blockchain’s promising stellar performance. Cardano now trails Kusama (KSM), Polkadot (DOT), Solana (SOL), and Uniswap (UNI) with approximately 311.33% in development activity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
KSM and Unique! Awesome projects! NFTs are the future for sure. Can't wait to get some wTEAM to be able to make passive income with some amazing nfts & be a part of an amazing community . TEAMDAO nft marketplace will be tremendously popular amongst the gamers.
I'd invest elsewhere, even in ATOM, but I just don't have enough to invest. I just see the waves made on new parachains, and just when I start looking out the window to new projects outside Polkadot/Kusama, something else pops up, or another ICO whitelist, or a token launch that's reasonably affordable (like ACA/GLMR/MOVR). I figured I was done and happy holding my bags of KSM, but then I heard about ICE/SNOW planning a crowdloan launch on Kusama 😂 around June. For me, it's hard to not invest in these new startups running parallel to Polkadot. It's funny because before I was stretched out over 20 different projects before Polkadot, a little investment all over the place and I figured it was too much to track and I never really made any money. Now I'm back up to 20 projects again (and building), within Polkadot, with no hope of slowing down, starting to actually be able to take profit (and make profit), learning so much about the new projects and their mechanisms, that I'm becoming less worried about the financial aspect and more involved with the technical processes, so much so, that I've considered a career in computer programming and web development because it's my new hobby.
Well, the floor is always a price discovery, some call the floor at 0.2KSM which were the initial price as far as I understand, but that's a good point. I know there is risk, but even worse is if the market place doesnt grow large enough, which IMO is the biggest risk as I mentioned above.
A fucking wallet that does not give you ptsd when you open it would be nice for starter. Polkadot.js needs a wrapper at the very least to simplify everything. When you can move coins from chain to chain with a simple click. From DOT to KSM and viceversa and a wallet where you can see it all. DEFI on DOT/usd DOT/ETH and shit like that too That's when DOT flies. And they have 2 years for that ... before first lease finishes. There's a shitload of DOT locked so they better convince us to do it again Hopefully they do :)
I stopped following crypto moon influencers in 2018. Started learning basic TA, so I did not have to rely on latest YouTube videos for advice. Set arbitrary take profit levels, started taking profit few months ago and by end of February was 90% in fiat. Now waiting for the BTC to touch it's daily 200 moving average. Will then begin averaging into BTC and KSM. Should of taken profit sooner, but hey ho! No ragrats! (well maybe a few! Okay a ton). Sorry say, I really hope a wick to $28k is 'on the cards.' If we recover in say 2 weeks and find a good support, I will change my narrative. Like Bruce Lee said, "Be Water, My Friend. Empty your mind. Be formless, shapeless, like water.