The more I think about it, the more I realize that the future is not going to be dominated by one single chain.
Why?
The amount of developers working on different L1s and L2s is enough to tell me that they're setting up shop for long.
It's not a simple decision.
Hence why we'll still see the different L1s and L2s appearing.
Now it seems that projects want to take it one step further and even create their own blockchains.
But here is the big problem:
You can scale them, but if you don't connect them, who will go there?
See, blockchains are cities (read this great article by
@hosseeb https://t.co/HlnEuza48u) but if you don't have roads, if you don't have electric lines, if you don't have connectivity... well, they'll probably end up like the ghost cities in China.
The guys
@routerprotocol are fixing this problem.
Not only by allowing tokens to exchange between different networks, but also messages.
Imagine cross-chain NFTs, borrow, lend and even governance.
Crazy?
Not really.
If you're familiar with Cosmos and their IBC (Inter-Blockchain Communication) protocol you'll know that this is extremely important for adoption
Allowing for people to exchange assets & interact with smart contracts from different chains in a seamless way is what drives adoption
And who's the team that's working on this?
What are their credentials?
CEO: Ramani "Ram" Ramachandran
@CryptoMan_Ram Dude's an engineering chad from MIT, he understands technology, marketing, economics and finance.
But each of the team members is an absolute chad:
https://t.co/FiaT7pj5ZJ
They were funded by:
* Coinbase Ventures
* Alameda Research
* Polygon
And several others (Woodstock, Wami Capital, QCP, De-Fi Capital, Maple Block, TeraSurge Capital, Wintermute, Shima Capital and some smaller entrepreneurs)
But one of the questions you might be asking to yourself:
"Ok, so what's the token distribution like? Am I going to get dumped by the team or something?"
I hear you, and I also had the same question.
But I found this:
The distribution seems fairly ok, but the team has put some measures to ensure that it's even better for retail:
https://t.co/y1d6EBX3Ih
Now, is $ROUTE a good bet for the next 6 months?
I think it could be.
Why?
👇
1. Tokenomics supply & marketcap
With only 7.4 million tokens in circulation, a micro market cap and a price of $2... $ROUTE's price can easily jump and do several x's
For example, if $ROUTE enters the Top 100, we could compare it with $KAVA's marketcap, which means it would be doing a 32.89x
Here's $ROUTE with the marketcap of $RUNE
With the amount of tokens circulating, it doesn't really take that much for it to start gaining momentum and making ATH after ATH.
2. Updates & News around the corner:
* Liquidity Staking
* Validator program will open
* SDK (tools for building fully crosschain dapps on
@routerprotocol) * Hackathon projects (they had one in Dubai last month, haven't been released)
3. Moar attention
Since two months or so, it has started getting the attention from several whales & influencers. I know some that have been accumulating 🤫, others are starting to pay attention...
This will probably mean that they'll start to talk about it very soon 👀
Why?
Because they see the potential of it.
Because the team keeps on building.
Because there's no drama, just action.
Because there's a narrative moving towards infrastructure and cross-chain.
And because there's a huge risk/reward bet that can turn into a good play.
But what's the bearish case?
Well, there's the current macro.
Some people think we're going towards the Big Depression. Some are scared af waiting until #bitcoin starts moving again. Markets can dump again. Another ecosystem implodes. Etc.
Where did I get my $ROUTE?
I bought it on
@kucoincom, but you can also find it in
@MEXC_Global.
Was I paid by them?
Nope. I found the token by reading the constant tweets of
@AlphaSeeker21. Then I found their nice community on telegram (
https://t.co/k89zJqdYP9)
And I saw the potential. And bought responsibly this time (around 15% of my portfolio)
Anyways, this is some of what I've found so far.
I'll be doing more threads about it later.
And before putting any money on crypto, I'm also being conscious of the crypto commandment #3:
https://t.co/ObPRVmZbIG