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- Today's long anticipated write up is on one of my favor projects in the entire crypto space and one that I personally have a significant amount of capital invested in. I have never invested so heavily into a coin in my entire crypto trading career except one time when I decided it would be a smart idea to go all in on BNB when it was sub $5 and we know how well that worked out. I will try to make this writeup as unbiased as possible while pointing out both some pro's and con's about the project. This writeup will be discussing QUAI DAO which is a relatively unknown project outside of people who follow my content or that may have come across it via it's connection/ties with ASKO or Unifarm. This project should be on any serious crypto's investors radar whether they decide to invest or not it's one of those projects people will ask years from now why nobody ever shilled it to them. So without further ado let's jump right into it and talk about why this coin might be your ticket out of your boring 9-5 job wagecucking and instead onto a yacht with Dan Bilzerian and hot ladies with daddy issues.
- So what is QUAI DAO you might ask? I will try and keep it as simple as possible and give a analogy that might make it sort of easier to understand. I personally coined the phrase QUAI is basically the yCombinator of the crypto world. Now for some uninformed people that might not know what that is here is a real brief explanation of Y Combinator. They are an American seed money startup accelerator launched in March 2005. It has been used to launch more than 2,000 companies, including Stripe, Airbnb, Cruise Automation, DoorDash, Coinbase, Instacart, Dropbox, Twitch, and Reddit. Now back to QUAI Dao. Quai is an end to end platform which provides both investors and projects the means to effectively invest, develop and raise capital. Quai takes on and develops projects using a hands on approach which includes development, tokenomics, go to market strategy, SMM, content creation and funding. So each project QUAI works with, they are involved in the details and understand the relevant risks and required risk management strategy to ensure investors are putting their money in projects that are truly vetted, they do not work as consultants.. Basically they don't back terrible projects and they invest in the projects themselves as well so again investors know they have skin in the game. There is a lot happening for Quai and they are currently investing and developing a unique platform for the red hot NFT market.. Quai is also developing their investment platform which will also act as an on ramp for BTC holders to the DeFi markets that will include farms. They have several projects that they plan to announce soon that are currently on boarding with QUAI.
- So now that I gave a simple explanation of what QUAI is I will give a higher level explanation with some additional numbers regarding the project. QUAI DAO is a platform for investors and professionals focused on creating sustainable value by generating consistent capital yields while accelerating technologically innovative projects. The goal is to facilitate through the QUAI platform, profitable and risk averse capital allocation, while assisting selected DeFi projects in meeting their capital funding needs. The total amount of staked QUAI (locked up) is 3,936,190 ERC20 tokens, 4,358,623 BEP20 tokens for a total of 8,294,813 (54.5%).This data shows QUAI token holders have confidence in the protocol and are willing stake and lock up their tokens at 30 day intervals. This confidence is further reflected in the price growth over the last Quarter(Q2) which stands at a 2711.9% price increase. If you have not bought QUAI yet and tried the staking platform out for yourself well o boy let's just say your missing out buddy. Currently using the compound feature you can get up to 480% APY for a limited amount of time to incentive and entice new investors to come in and invest in the project and stake.
- It is worth noting you can stake on both the ERC20 side and on the BSC side and I personally do both. I also stake my QUAI on Unifarm in it's pool's there which allows you not only to accumulate more QUAI but also farm 7 other projects at the same time giving you excellent diversity for your portfolio and nice additional ROI. If you like passive income and sitting comfy then this is the coin for you. I would highly recommend building up a big stack of QUAI now while the project is grossly undervalued and unknown because it will pay literally and figuratively "dividends" down the road. You will even be able to sit on your couch and play call of duty all day while having plenty of extra spending money for the THOTS on onlyfans this is a neet's dream scenario so don't miss out.
- So let's take a look at the roadmap and what is coming up on the calendar for the coin. QUAI Invest/QUAI Interchange + QUAI Farms and MeDIA eYe NFT Ads Portal are scheduled to launch Q3 2021. The teams of devs are working around the clock in order to ensure every milestone is reached in accordance with the Q3 launch sandwich will bring further value to the QUAI ecosystem.
- QUAI Invest/QUAI Interchange + QUAI Farms They estimate in the first 6-12 months that QUAI Invest/QUAI Interchange + QUAI Farms will bring QUAI 2-3 thousand users along with an added 15-20 million dollar market cap. Many of these users are long in BTC but currently don't have a frictionless way into entering the DeFi scene because of this they estimate 500 BTC being transacted per month. Now let's discuss some of the projects QUAI is involved, developing, or working on starting with MeDIA Eye which you may have seen the ad on 4 chan biz if you browse their enough.
- The central focus of the MeDIA eye platform is its ability to allow anyone to easily launch NFT-media campaigns. The MeDIA eye platform provides an intuitive and frictionless experience for all businesses and individuals regardless of their preexisting knowledge of distributed ledger technology. It also introduces novel digital-engagement models, including the first ever NFT-Subscription Service. Individuals or organizations can also create custom NFTs for any other use. For instance, the MeDIA EyE platform’s marketplace uses a variety of novel token-economic models for enhanced liquidity and price-discovery of NFTs; this creates attractive incentives for NFT artists and media creators to launch NFTs on the MeDIA EyE platform as well as to sell these NFTs on the marketplace. Based on the current analysis we estimate in the next 12 months that MeDIA eYe will be valued at a 30-40 million dollar market cap. This estimation is based on the current growth of the NFT market along with having first movers advantage as a NFT Ads Portal that will allow anyone from corporations to artists to effortlessly create NFT campaigns regardless of their crypto experience.
- Now let's talk about the recent acquisition of highly controversial ASKO. One of the main fud tactis used against QUAI was their association with ASKO. If you do not know about ASKO's history essentially it was a hyped multi tiered lending pool that was supposed to focus on a niche market of smaller projects that would not be found on the big titans of lending like AAVE and Compound. Long story short the old team behind the project were absolute morons and released a horrible website with the infamous dog picture (look it up it's hilarious) as the CEO of the coin. That should have been a huge red flag and to make matters worse they had a unsuccessful launch of the lending platform that was plagued with multiple problems from the start and had to shut down the lending feature until changes could be made. Then there was a extremely long certik audit which delayed things even more and many of the most patient and loyal investors threw in the towel and sold off their holdings.
- I could list so many complaints and grievances against ASKO and their original team and CEO who many know I am not fond of but instead I will focus on the positives and there are now many. Basically the old guard is out they sold off their remaining coins and have left the project it has now been acquired by QUAI and now it has a chance to do something behind the leadership of Victor aka QUAI's founder. He actually has a vision and plan for what the coin should be and is not just trying to milk it like the old team was doing to make money off early investors. I personally purchased a pretty sizeable bag of ASKO after these changes were made. If you are a member of my discord vip you have heard the "mad genius" Victor talk many times before on audio and it's impressive to say the least. The guy knows this industry better than anyone else I know and is always answering questions even when it's the same repetitive bs asked by pajeets in telegram. He is always helpful and willing to assist anyone that ask. He seems to truly care about the growth of the project he backs and is not just here for a quick money grab which unfortunately is the norm in the crypto world. His patience and hard work is exceptional and I am a big believer that a coin's success usually is make or break based on the guys running the show. Having the opportunity to have many conversations with him over the past few months made me realize what a gem we have here hence my massive position.
- Here is a more specific breakdown on ASKO for the people not aware of the project. AskoLend decentralized protocol is a fork of Compound Finance. Compound is a decentralized, over collateralized loans protocol built on Ethereum. AskoLend differs from Compound in that: it will be launched on Binance Smart Chain (BSC), it’s a multichain lending platform, it’s accessible to low, mid, and high market cap tokens, and its lenders are able to select between high and low risk lending pools. These differences lead to some benefits of AskoLend over Compound. With AskoLend’s utilization of BSC, the cost and speed per transaction is significantly lowered compared to Compound and Ethereum. With AskoLend’s accessibility to lend and borrow low, mid, and high market cap tokens, the potential scope of AskoLend’s lending and borrowing markets becomes vast; AskoLend has the capacity to list ~70 assets, compared to the 9 assets currently listed on Compound. Lastly, with AskoLend, lenders can pick their allocation between high risk and low risk lending pools for over collateralized lending, allowing lenders an element of customization in their investment that isn’t available with Compound. Based on our analysis, we estimate in the next 6-12 months that Asko will be valued between 30-50 million market cap. This is based on the current Market caps of existing borrow and lend platforms that have a different niche in borrowing and lending. *QUAI Intends to offer QUAI assets for borrow/lend on ASKOLend on BSC
- To wrap things up let's talk about another common fud tactic on QUAI and that is "a large amount of tokens are not locked". Well guess what genius the reason for that is only idiots lock funds that they cannot use for development, M&A and expansion to other blockchains. Quai is a cross chain protocol, if they lock all the tokens, then what. This is a real project with nearly 40 full time employees working on it. I would understand the concern if it was some shitcoin on BSC with countless exit scams/rug pulls but that is clearly not the case with this project. QUAI has partnerships with Nuls and one of my other favorite crypto projects Top 100 privacy coin Horizen (yes the one with greyscale investment backing). Currently QUAI trades on Pancake V1 and Uniswap V2 as well as JulSwap and DexTrade. They are in deep negotiations with a few other CEX's for a listing and are deeply focused on growing the business and project so that future listings on KUCOIN and Binance will be a real possibility. Unfortunately many average crypto investors think it is as simple as just applying or asking for a listing to get on these major tier 1 exchanges and that it should happen overnight but many require a certain amount of token holders, trading volume, and a legal opinion that shows the coin is not a security. I have no doubt with Victor's guidance and connections that a big time CEX will list QUAI in the near future so for the time being all your lurkers and pajeets in TG please stop spamming (when binance when binance ... just buy your bag so you can feed your village it's that simple).
- Recently QUAI had a significant breakthrough and at one point reached inside the top 600 coins on Coingecko before a recent pullback with many alts dropping on concerns not limited to BTC, elon musk, and chinese fud. Currently the marketcap is around 15 million with a 30 million diluted cap. You are literally stealing at these prices I can name literally hundreds of projects that are overvalued QUAI luckily is not one of them it's egregiously undervalued at it's present evaluation and that should change with the teams aggressive SEO marketing which is increasing web traffic and attention quickly. They have not only hired some new influencers that will be dropping content but have also paid for many ad's on multiple heavily visited crypto sites most notably 4 chan biz. I believe that with some patience and time QUAI will easily be a top 200 crypto project and it may happen sooner than you think. They are the number one defi accelerator in the super fast growing world of crypto and have a strong team who listens to feedback from the community. We told them we wanted the website fixed to look fancy and inviting to new investors they immediately hired people to start working on upgrades you should see some updates soon on that regard to make it look more aesthetically pleasing. We told them we wanted more marketing they went out and bought some ad's and have some new crypto influencers set to do videos on the coin. We asked them we wanted communication about what is happening on the project they immediately scheduled multiple AMA sessions. Just like SKL this project's team will put them in a position to succeed and the bottom line is you should pick up some QUAI and stake and watch the rewards role in.
- Where to buy
- BEP20: 0x3dc2d7434bdbb4ca1a8a6bcc8a8075aeae2d2179
- ERC20: 0x40821CD074dfeCb1524286923bC69315075b5c89
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