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Gotta go for something backed by tangible assets. Love love love MWG (MetaWhaleGold). Great thesis and low market cap right now. Could very easily go 500x. .16 a share currently. My hottest buy
Metawhale is a suite of working DeFi protocols providing “self-renewable deflationary and elastic supply assets backed by its own automated self-filling reserves and liquidity.” It is the sole mission to inspire a new era of protocols that can manage inflation and deflation without imploding; protocols that prevent the monopolization of the supply whilst remaining fair to all market participants. “the future of monetary policy is hybrid, complex, dynamic, intelligent. It is both inflationary and deflationary, and attains growth, stability and prosperity to all.” - Metawhale docs https://metawhale.io/docs/ DeFi Labs released their first project PRIA, a perpetual ultra-deflationary ERC-20 token with astonishing success in October 2020. Was able to save the project from a massive scammer clone army that sucked volume out of the unique idea but was able to stop them all with a programmed kill switch in the contract! Metawhale has two native tokens with $MWG and $MWBTC that functions to buy $PAXG (Gold) and $renBTC in their self filling reserves, as well as buying and locking away its own liquidity. https://team.finance/view-coin/0x45128CB743951121Fb70cb570c0784492732778A?name=METAWHALE%20GOLD&symbol=MWG Metawhales also buy $PRIA for reserves that gets 20% distributed to Pria air drop address, as well as 70% distributed to dividend bearing NFT holders. More info on that here https://metawhale.io/docs/METAWHALE/NFT_Dividends Metawhale is providing an ecosystem unlike anything we’ve seen before
$MWG is the solution . DONE 🚀🚀🚀
While technically you’re unable to HODL in the traditional sense, and they may not need 5 years to make you a millionaire, I would put them into DeFi Labs protocols. Since I’m practically breaking all of your rules by not providing one token I will do my best to make up for it with details. While I’m not providing you with one token , I feel this is maybe a step in the direction of diversification, if that is of concern. DeFi Labs has released the newest creation in Q1 2021 called Metawhale and is a suite of working DeFi protocols providing self-renewable deflationary and elastic supply assets backed by its own automated self-filling reserves and liquidity. Of the Metawhales, you have $MWG protocol that buys $PAXG thus backing itself with a reserve of claimable gold. Participants have the ability to claim their portion of the reserves reflective to their $MWG holdings. Mind you, at this time, all participants still holding will have a fraction on 1 $MWG. For every buy/sell/transfer not only goes to buy assets like $PAXG for the reserves, but also goes through a hyper deflationary cycle. Burning all of its supply (roughly 1.25 million at “fair launch”) tell one is left. It accomplishes this through rules written in the protocol that “force sell” >6% every 35 days and a 100% burn mechanism after 4 months on inactivity of any address (hence the unconventional HODL). After Metawhales reach 1 supply participants have 35 days to claim their %age of reserves. If you hold .01 $MWG then you can claim 1% of reserves. $MWG already holds $180,000 worth of $PAXG since its launch January 28th. I must also point out that the protocol is buying and locking away liquidity meaning that as these protocols move forward through time, we see both the gold and BTC reserves rise as well as the liquidity locked. Providing an ever rising price floor that should eventually allow for Metawhale price speculation to follow in accordance. There’s also $MWBTC which works similar to $MWG, but buys and stores $renBTC in its reserves. It even has an interesting twist to it that actually burns $BTC helping to lower supply. Meaning, more $BTC scarcity....price go up. Last but not least is the protocol that helps tie all three tokens together. $PRIA is a fully automated and decentralized digital asset that implements and manages a perpetual ultra-deflationary monetary policy favourable to inflation arbitrage by market participants. It accomplishes this through an elastic supply that starts at 100,000 supply, ultimately burning itself down to 1.2. It then will reverse the primarily deflationary cycle with an inflationary cycle that mints back up to 100,000, living in perpetuity. Without going into much more details, i recommend reading up on all docs before participating due to $PRIA also having force participation to prove active address through a burning mechanism that can be called for inactivity for more than 35 days. Opposite of the Metawhales, $PRIA requires buys or transfers (you can transfer to the same wallet) and doesn’t require a minimum for resetting timers. However, on the PRIA dashboard you will find a perk to purchasing the minimum requirement that qualifies buyers for an airdrop so might as well right? I’m going to stop here for there’s still much more to explain since this is an ecosystem that works with and for each other, providing a sense of diversification with multiple assets, including gold and BTC, as well as dividend bearing NFT’s. Again, so much more here and these are just getting started. So to simply put it. Where am I putting my $10,000 into to make me a millionaire within 5 years...? Defi Labs. If your still reading this, thanks for your attention. Cheers
MWG and mwBTC are definitely gonna be huuuuge
In full disclosure, I am in this project already, but just want to add some thoughts. What is especially cool to me is that while the supply is ultimately elastic, the deflation that it undergoes is tremendous: from over a million tokens all the way down to 1. As supply decreases such a massive amount, the potential token value is enormous. And yet because of the ever-growing reserve of gold and some other features that it has to ensure deflation continues, it should not encounter the problems that some deflationary tokens run into, namely, hype dying off and the project stagnating. Even on low volume right now, MWG is working. And price is extremely low (and INCREDIBLY low with its sister project, $mwBTC), so once this gets some eyes, I think it can absolutely moonshot. I know the team is working on marketing now, and that the dev is an incredible innovator. I think people's main criticism has been surrounding the question of how long it will take to get to minimum supply, and that will depend on volume. Personally I think at some point it will catch, kind of like $AMPL did. And at that point, there are many many Xs to be made even if you don't want to stick around to minimum supply.