Welcome to Issue #58 of Wealth Mastery

In this issue:
I share some low cap coins to have on your radar.

The team from Theta join us to discuss their move into the NFT space.

Hashoshi breaks down Ethereum’s EIP 1559.

Jesse has a report for you on the music streaming service Audius.

Rekt Capital shares some hot altcoins to keep an eye on!

Defi Dad shares how you can earn 46% APY on Maple Finance.

A quick reminder that all research and market analysis is provided for

educational and informational purposes, and should not be
considered as financial advice. You are ultimately responsible for your
investments and trades, and they should only ever be entered by those
who understand the risks, are willing to lose their entire investment, and
properly understand how to manage their risk.

Also, every issue will contain more information, tips, hints, and analysis
than you can make use of. Wealth Mastery is a tool, you are the craftsman.
We are not a signal or pump group, we are a tool shop, you decide what
information shared here has value to you or not.

As always, feel free to reach out to me by responding to this email with

your comments or questions.
The Big Recap

The US infrastructure bill is without a doubt the biggest news story in

crypto right now! I have covered it extensively on my channel, but in short
it would be a big blow for the USA’s innovation lead in the crypto sector by
implementing onerous rules on users and developers. The bill has passed
the Senate and is now moving to the House. I will keep you posted on its
progress.

More Binance drama as the Binance US CEO resigns, and Binance moves
to stop derivative trading in Hong Kong. I still use and I am a big fan of the
Binance exchange, but I thought with all the drama playing out it is time for
a reminder. Exchanges are not banks! I know a lot of us treat them like
banks and leave big amounts of crypto on them, and use them for staking
and other services. I get it, it’s easy to do, a one-stop shop. But
remember: not your keys - not your coins. Aside from money I am trading
with, I keep all of my crypto in wallets I control the keys to.

NFT fomo continues to heat up with people literally buying NFT pictures of
rocks for hundreds of thousands of dollars. There has also been a flood of
knock-off NFT projects like Fast Food Punks, which is basically Crypto
Punks with McDonald’s hats. The rush to cash in on NFT is big right now.
We are starting to see NFT rug pulls, scams, intense speculation, garbage
copy and paste projects, and even the euphoria is getting so high that
Open Sea has crashed a few times!

That being said, new collections are popping up all the time, and NFTs are
not going anywhere, even if the market is getting a bit overheated, there is
a lot of opportunity here. So here are a few collections that you may want
to look at if you are chasing the NFT hype train.
World of Women is a collection of 10,000 women with slightly different
attributes and rarity. The collection has seen the price floor 4x in a week.
But at around 1 ETH each the collection is worth a lot less than others.
Fluf World is a collection of rabbit-themed NFTs. Much like other popular
collections, it features rarity and slight variations for each rabbit. Still pretty
early, although prices have risen fast. Pretty speculative one.

Hashmasks is an NFT project that made a lot of waves when it first hit the
market. The masks themselves are a result of a collab of over 70 artists.
The masks generate a secondary token giving naming rights to the NFT.
Pudgy Penguins is another new NFT character collectible. Holding a
penguin will also make you eligible for a monthly aidrop. You can still pick
one up for a reasonable price. I would say that this is probably the most
speculative and high-risk collection.
Art Blocks Curated has been putting out some really cool art pieces.
Some, like their Fidenza collection, have been hitting crazy high prices. But
they curate a lot of interesting pieces, so for the art enthusiast this could
be a good foraging ground.
Meebits is from the same team that made Crypto Punks. These are their
3D people-based collectibles. The collection has 20,000 NFTs vs 10,000
for Punks, but you can pick up a Meebit for a 1/10th of the price. That
doesn’t mean they will explode in price, but it is interesting.
Note #1 The NFT hype can dry up real real fast. And you may be stuck
with a very expensive JPEG. In fact, considering the epic run that NFTs
just had caution should be taken with any NFT purchase. But there is
nothing wrong with finding a collection you like and keeping your eye out
for deals. In many ways, we are repeating all of the same old mistakes with
NFTs. We are already seeing the same kind of insider dealing that goes on
in the ICO world. Many NFTs will lose most of their value, like most tokens
do. If you are playing the NFT flipping game, then be careful, manage risk,
take profits, and remember the good times train can derail at any moment
or go on for months.

*** Note #2 all of these are from verified collections. When buying on Open
Sea, ensure that you only buy if it has a blue verified tick.
My Portfolio

Please note that the percentages will fluctuate from week to week, based
on the dollar value of the coins. But I have highlighted any updates to
positions in italics below.

The newest addition to my portfolio this week is Efinity. I was a private sale
investor in this exciting new coin designed by the Enjin team for NFTs on
Polka Dot. I recouped my initial investment and I am holding this coin for
now.

My buy orders obviously did not get filled since the market boomed, but I
am still keeping an eye out for lower prices. I entered a small experimental
position into Tokemak and Olympus Dao to test their platforms.

I have removed all of my funds from Bancor. Falling APYs and crushing gas
fees make the platform much less attractive than it once was. Time to look
for greener pastures.

Bitcoin 31.8% I currently have about half in cold storage, although I may
move more out soon. Currently about 15% is in Celsius, the rest of it is
looking for a home.
*** I added a little more BTC last week.

Ethereum 25.3% The majority of my Ethereum is in Yearn Finance’s stETH

pool, and about 15% in Celsius.
*** I bought a little more ETH. The ETH I bought I added to the Yearn
stETH pool.

USDC 14.6% My USDC is mostly being lent out in Celsius, Anchor (in UST
stablecoins), and Bridge Mutual. Although Bridge is not “lending”, but
providing liquidity for insurance pools.
*** Note I have not actually sold off or used my USDC to buy anything.
In fact I added slightly to it by selling my Equalizer presale allocation I
received. But USDC has dropped as a total since the non stable
assets are rising.

Matic (Polygon) 8.6%

Ramp 3.8% My coins are staking in their platform.
Elrond 3.2% I am staking in the Maiar wallet.
Binance 2.4% I am staking my BNB via the exchange.
Polka Dot 2% I am staking on both Kraken and Binance.
*** I need to buy some more!
Ethernity 1.45% Farming stones on their website.
Bridge Mutual 1.1 % I am staking and holding.
*** actually added to this position since I am getting farming rewards.
Wilder World 0.9%
*** Loving the price action for this one recently. But I am in this for a
much bigger gain so holding.
Terra Virtua 0.7% I have a sell order in for the previous all-time highs on
Binance.
Injective 0.5%
Bancor 0.5% I am farming and staking their coins and will continue to.
Kylin 0.5%
Unilend 0.4% I have sell orders in for the remainder of my UFT bag on
Binance.
Luna 0.5%
*** Buy orders in at $9.6
ShopX 0.3%
Linear Finance 0.3% I have a sell order in which I may be waiting a long
time to see filled.
Efinity 0.2%
Polka Dex 0.2%
Covalent 0.2%
Mercurial Finance 0.1%

Note: I am not including any coins like Occam, APY Finance, and Konomi
that fall below the 0.1% threshold, but which I do hold tiny amounts of.
Also, please note that this does not include coming releases for token
sales, which I have participated in such as Sifchain, Alice, Efinity,
Persistance and others. I have also not included future releases in my
totals, for example Injective, of which I am currently holding my tokens, but
will receive more in the future.
Interesting Low Caps

While I spend a lot of time talking about how bullish I am on Bitcoin and
Ethereum, the reality is that I don’t make most of my money from these
assets. They are my reserve assets. The real money is made on altcoins.
That money is then kept by transferring it from high-risk plays to low-risk
plays.

So, this week I wanted to highlight some interesting low caps that you may
want to pay attention or dig a bit deeper into.

Efinity is a new coin launched by Enjin for crosschain NFT transfers which
will be built on Polka Dot. Current market cap is 50 million which seems
low for a coin launched by the OG of NFT tech (enjin), tapping into Polka
Dot, and which is laser focused on making NFTs (the hottest trend right
now) even bigger.

Wilder World is a coin that I remain very interested in at the current market
cap. Apparently by the way Coingecko has the market cap wrong, and
Coinmarketcap is correctly listing it at cap closer to 15 million. At a time
when Metaverses and NFT coins are exploding a coin backed by the
Digital Currency Group sitting a such a low cap seems undervalued to me.

Bridge Mutual is a new insurance provider in the crypto space. The big
attraction now is that they have crazy APYs for being a liquidity provider
into their insurance pools, but the insurance space is one ready for more
competition since really only Nexus Mutual has a strong foot hold now!
Right now, Nexus has 30X the market cap of Bridge, so I see an
opportunity here.

Port Finance is a newly listed Solana defi coin. I have been making a few
investments into the Solana ecosystem, could see this chain make some
big moves in the future. Port offers fixed income and variable rate lending
products. A bet on this is really a bet on the future of the Solana
ecosystem.

Tokemak is a new coin on the market which is a decentralized liquidity

network. Defi doesn’t work without liquidity. So, any project working in this
space is worth taking a look into. It is backed by Coinbase and
Consensys. Read more on the mechanics of this coin HERE

Covalent is a coin that I remain quite interested in from a potential stand

point. It is a data query network for the crypto space. Similar in many ways
to The Graph which has a 35X higher market cap. Backed by Binance and
Coinbase. Feels undervalued to me. I am holding my bags until a billion
market cap.

Formation is a yield farming robo advisor service similar to Yearn Finance

but cross chain and risk adjusted. The tokens will share 50% of the
platform revenue with holders. An attractive proposition, IF they can attract
and hold users. They will have their soft launch soon. There are a lot of
similar products on the market, but they just received a grant from
Polygon, and have an impressive backer list. At a 6 million market cap the
upside is big IF they can attract users.
EIP 1559 By Hashoshi

On August 5th 2021, the London Hard Fork was adopted on the Ethereum
mainnet on block 12,965,000, which brough five Ethereum Improvement
Proposals (EIPs) to the network. One of those EIPs is EIP 1559, which
makes wholesale changes to the fee market on Ethereum’s mainnet. There
has been controversy, discourse, and buzz aplenty about how EIP 1559 is
going to help reduce fees on the Ethereum network or fix congestion,
make Ether’s supply deflationary, and more. However, we now have real
world data to make a determination on what the true effects of EIP1559
really are. In truth, EIP 1559 was not designed to pump the price of Ether,
nor to solve for congestion on the network, but instead to improve the user
experience and economic model around fees by shifting the relationship
between high congestion and security spending on the network. These
changes to the fee market generally bring two notable results: i) it will
provide a more predictable fee payment experience with far less instances
of large-scale fee overpayment for transactions on Ethereum, and ii) the
new fee market’s base fee burning mechanism enforces a significant
reduction in the issuance or inflation of Ether supply, which could in the
future even make Ether a deflationary asset where issuance per block via
the block subsidy is less than what is burned in base fees. 

As you may know, transaction fees on Ethereum are measured in a utility

called Gas, which is paid in small denominations of Ether called Gwei –
gas is what users pay to have their transactions validated by the Ethereum
network, and pays for the network resources used by that transaction.
Smart contract execution transactions naturally use more gas because
they require compute resources and storage on the network which come
at a premium. Each block of transactions on Ethereum has a gas limit
which determines how many transactions can fit into one block, which
effectively caps the block’s capacity. Miners who validate transactions, of
course, are incented to process the highest fee transactions because they
get paid in Ether for the gas fees paid in transactions they validate.
EIP1559 has shifted the model towards a multi-tier transaction fee system
whereby the usage of total block capacity relative to a given ideal block
gas threshold determines how high the base fee for a transaction is, and
then a user can add an optional “tip” to have their transaction mined
faster. Now, this base fee’s calculation based on easily verifiable network
conditions makes users far less likely to overpay in gas by guessing what
other transactions coming in will be paying, and makes the whole process
of creating transactions more predictable and efficient. In addition, when
validated into blocks, transactions’ base fees are burned or removed from
the supply of Ether. This means that during high congestion periods, the
amount of Ether burned by transactions’ base fees can outweigh the 2
Ether that is issued in the normal block subsidy reward for miners per
block. This burning of Ether is what has already removed tens of
thousands of Ether from supply and reduced the issuance rate of Ether
significantly. However, fully deflationary Ether where supply is actively
reducing is not yet occurring and it will remain to be seen whether this
materializes as the transition to Ethereum 2.0 occurs. 

The most common question that seems to arise in the wake of EIP1559’s
launch is why Ethereum’s transaction fees are still not “fixed” and users
still have to pay high gas fees on mainnet. The fact of the matter is that
EIP1559 was never intended to solve the scalability issues that Ethereum
irrefutably faces. Furthermore, only the launch of effective layer 2’s, rollups,
and eventually Ethereum 2.0 will actually solve the issue of high fees on
Ethereum, because these mechanisms offer added scalability which
counterbalances the growing congestion on the network which drives the
high fees. EIP1559 has made the fee market on Ethereum more
predictable, more well balanced in terms of security spending by Ether
holders, and enforced a healthy economic pressure on Ether’s issuance
rate. That said, more work is yet to come as Ethereum looks to achieve its
ultimate goal: Ethereum 2.0. 
In Case You Missed It

Sushi Swap is building an NFT trading platform with the intention of taking
market share away from Open Sea. IF they get it right then it could make
for an interesting catalyst for the Sushi asset.
________________
EIP 1559 went live on Ethereum, it is currently burning around 6 to 7,000
ETH a day!
________________
Axie Infinity has become the first crypto game to hit a billion in
sales. Source
________________
Polychain Monsters (formerly Polkamon), has launching a play to earn
game. Source
________________
Terra’s wormhole has arrived, a cross chain protocol for connecting Terra
to Solana, BSC, and Ethereum. Source
________________
Legends of Crypto is releasing an NFT marketplace. Source
________________
Meme stock company AMC has announced they will start accepting
Bitcoin payments at the movies. Source
________________
Unilend is launching on the Binance Smart Chain. Source
________________
Star Atlas has launched its Galactic Market Place. Source
________________
Mist has launched its 3D virtual market place. Source
________________
Dao Maker is moving into the equity funding market. Source
________________
Moonbeam has integrated with Covalent. Source
________________
Equalizer Finance testnet is out. Source
________________
Blind Boxes is launching on the Polygon Network.
________________
Chainlink has announced the Cross Chain Interoperability Protocol. Source
________________
Marvel is releasing Spider Man NFTs. Source
________________
Injective Labs has announced a major rebrand which significantly
increases the scope of their protocol. Source
*** They also announced the launch Bitcoin perpertual contracts. Source
________________
Aave is exploring integrations with Solana and Avalanche as well as layer 2
solutions. Source
Airdrops

New Airdrops
Previously reviewed BadgerDAO is having the next rebalance on August
30th, 2021. DIGG stakers and LPs are now able to earn additional rewards
for every subsequent positive rebase before August 30th. This is a
reminder that the next snapshot for options Airdrop is August 15th, 2021. 
The Shield is building a one-of-a-kind decentralized protocol for future
derivatives infrastructure, enabling global borderless access to finance.
The Shield is Airdropping a total of 5 Million SLD to early supporters who
have completed various actions. Users who’ve participated in Shield
Kovan & BSC test net, Shield ITO application, 1st & 2nd Bug Bounty
Program, and Shield Gleam Series Campaign are eligible to claim the
airdrop.

In order to reward token holders and promote the NewsCrypto mobile

wallet which provides a comprehensive set of tools for all users, regardless
of their current level of knowledge. Offering everything from automatic
charting tools that help beginners understand the basics of technical
analysis to advanced proprietary indicators for expert traders has decided
to give back to the community with an Airdrop of 200,000 NWC. You’ll
need to hold your NWC tokens on the NewsCrypto mobile wallet between
August 24th and 31st to claim the drop.

Vulcan Forged is an NFT dApp ecosystem, game studio, and marketplace

all-in-one. To show appreciation to Vulcan Forged dApp supporters,
Vulcan is offering permanent LAVA generation for simply holding PYR in
your wallet. Rewards will be distributed on a tiered basis. Simply hold the
tier of PYR specified below in your VF wallet to receive the associated
Lava appreciation award.

The decentralized cloud service network focused on storage Sukhavati

Network is Airdropping 10,000 SKT tokens to 1,000 winners. Its mission is
to inspire and incentivize improvements to the distributed storage
ecosystem and expand a wide range of application scenarios for the
implementation of the Web3.0 vision.
Happening in collaboration with Coin Market Cap;
Defi11 is a defi-gaming ecosystem where the D11 Token is built as a
unique gaming utility token on top of the D11 Protocol. Made so users can
pay contest fees, buy assets, redeem game rewards and sell back into fiat
ramps is Airdropping 35k D11 tokens to 1000 lucky winners. 
Community-governed, decentralized multi-chain powered
launchpad MultiPad is Airdropping 20k MPAD to 1,000 winners

Ongoing Airdrops
Erik Vorhees has officially fired first at the ever-failing SEC and their
attempted regulatory control. In a calculated move this week, Shapeshift
has announced the closure of its officially registered business and
intentions to give complete control of monetary benefits over to the
community that has supported it since 2014. This marks the biggest
community Airdrop since Uniswap and a major move to decentralize
popular crypto products that have been strangled by regulatory control
since their inception. If you’ve ever used Shapeshift you have a right to
claim FOX tokens. This includes anyone who’s owned a KeepKey wallet
since Shapeshifts integration as well as older Exodus Wallet users who’ve
used SHapeshifts services prior to their removal. Simply connect your
wallet or enter your ETH address and pay for the gas fees. Prior Exodus
Wallet users will need to recover their Ethereum wallets to Metamask in
order to claim their FOX tokens as Exodus does not support the token.
This can be done by opening your ETH wallet on Exodus and clicking on
the three dots (stoplight) in the top right corner and choosing to view your
private key. This should be done only over a safe connection and typed
manually into Metamask (do not copy/paste for security purposes). For any
remaining questions about the drop, FOX Tokens, FOX Mining, and Rainfall
Rewards head over HERE.

Letting indie games fundraise by selling digital game items as liquid

NFTs. Gamestarter adds liquidity, player-ownership, and new funding
resources to the largest entertainment industry in the world. The recently
announced Airdrop includes several ways for users to earn GAME tokens
from several early bird community giveaway pools. Complete the tasks
announced in the Airdrop and fill out the Contest Form with BEP address
to be entered in the giveaway.    
CRD Network runs on Hyperledger Besu to merge Decentralized Finance
with everyday banking by creating a legally compliant environment that
lessens the points of friction between you and your money. CRD is
conducting a large-scale Airdrop that matches users token for token until
September 20th 2021. For any amount of CRD bought until the 20th of
July will be matched 100%, 20th of July until 20th of August matched
50%, and CRD purchased from 20th of August up to the 10th of
September receives 25%. A total of $500,000 in CRD will be airdropped to
users who hold their tokens until September 20th, 2021.

The first Polkadot parachain community designed to create smarter

Polkadot Parachain investors PolkaSyndicate. Has an Airdrop Bot to give
away a total of $50,000 worth of PSYN tokens. This Airdrop will be
ongoing until September 27th. 

To ensure that the community can use Binance Smart Chain dApps in a
safe environment, Binance is creating an attractive joint bounty program
for bounty hunters, white hats, and ethical hackers. This joint bounty
program aims to continuously improve software security and lifecycle
management, provide risk controls, and attract more proactive penetration
testing to identify issues early. Binance aims to create a $10 million USD
bounty pool that will reward all bounty hunters for disclosing verifiable
attack vectors or security flaws across up to 100 dApps. The PriorityONE
rewards will be fairly distributed on an individual basis based on the
severity and exploitability of the discovered vulnerability. Starting this
month, BSC Accelerator Fund will establish a BNB bounty pool worth $3
million to support the initial 30 dApps.

Binance is also launching its next round of BSC Learn & Earn where users
have multiple opportunities to win. In this campaign, 200 winners receive
$20 worth of tokens, 15 LearnAndEarn NFTs, and a chance to share a
$1,000 prize pool. First is the simple Twitter retweet campaign where you
can win unique NFTs. Second, is the main campaign where you’ll learn
about the projects, play around with their products, and test your
knowledge in a quiz to win tokens. There are also secret bonus campaigns
that will happen throughout the next week in Telegram. The first 3,000
qualified Binance users each week ranked by the time they pass the quiz,
can each win a Savings voucher with up to 1,000 BUSD Savings Trial Fund
before August 15th, 2021.
Morpher replaces middlemen like brokers, exchanges, and the
counterparty of a trade with an incorruptible protocol on the Ethereum
blockchain. The protocol replicates the economics of trading any market
on the blockchain, without actually trading the underlying stock,
commodity, or currency. Morpher is offering an Airdrop for new users with
100 free MPH tokens. Simply join the exchange, complete KYC, and get
your free tokens.

Happening in collaboration with Coin Market Cap;

SecretSky is a decentralized communication platform where the user
doesn’t have to verify a phone number or email to use SSF stealth chat.
Anyone can send a message by just using a BEP-20 address.  A total of
45,798,421 SSF tokens will be up for grabs in the giveaway for 2000
selected winners who follow all 5 steps of the Airdrop on CMC by August
12th, 2021.
Top 15 Trending Coins This Week

Here are my key takeaways from the trends this week.

1 - Wall Street Games is a gaming platform with different seemingly
task-based games. People are just going crazy for these play-to-earn
games still.
2 - Crypto Blades is a fantasy RPG style crypto game which has topped
the trends for weeks in a row! That being said the token price did
completely collapse.
3 - Unilayer is a multi-chain trading platform. Integrating Okexchain, and
launching a launchpad for which LAYER holders can participate. Getting
shilled on Twitter by some big accounts which is enough to move some
small caps.
4 - Smooth Love Potion is an element of the Axie Infinity gaming
ecosystem. The potion allows you to breed new pets.
5 - Binance’s BNB token is trending again, considering the hype around
the Binance Smart Chain, it is no surprise.
6 - Cartesi had an incredible rally of almost 100% yesterday. Largely based
on a video by a popular Youtuber.
7 - Paris Saint Germain fan token is pumping on the news that Lionel
Messi will leave Barcelona for Paris.
8 - Axie is a very popular crypto game. It has registered a lot of users and
land and characters are selling for hundreds of thousands of dollars. Will
be curious to see if they can continue to build on this success moving
forward. Slowly falling the charts, but I can’t believe how high the hype has
been for this coin! Incredible!
9 - Ethereum as usual in the top 15. Hard fork scheduled for August 4th.
10 - My Defi Pet is a Binance Smart Chain based NFT game, this one just
keeps on trending!
11 - Quick Swap the biggest DEX for Polygon is back in the spotlight with
fees on Ethereum going crazy it is no surprise. Still undervalued compared
to Uniswap. And I am speaking simply in terms of trading volume. Uniswap
does around 2.5 billion a day. Quick around 150 million. So about 1/20th
the volume and yet it trades at 1/150th the market cap of Uniswap. If value
was based on volume, then Quick would be worth about 10X more than it
is now.
12 - Mist is crypto fantasy RPG, dropped a lot in the rankings from last
week, but the market cap is still basically the same. 100X to catch up with
Axie, but the real trick is capturing and keeping users.
13 - Bitcoin
14 - Illuvium is a crypto based play to earn game, a bit of buzz around this
one. Up 10X in 2 months.
15 - Crypto Zoon is a BSC based play to earn monster breeding game.
“inspired” by Pokemon. Dime a dozen these days.
Token Launches

***Please note these are high risk high reward plays. Token launches are
often plagued by all sorts of drama, and often insane hype. Buyer
beware!!!

These are the upcoming launches that I believe could bring in big returns
for investors. It is a curated, and far from exhaustive list.
The token sales of today will be the big thing of tomorrow. So, it’s
definitely worth trying to get into them if you can.

HERE ARE SOME PRACTICAL TIPS TO HELP YOU GET INTO SALES
1 - Every sale is different, there are no set rules. Part of doing your
research is finding out the exact details of the sale.
2 - Always read the whitepaper and get all the info you can.
3 - Stay up to date, often sales are announced a few days beforehand.
4 - Be punctual! High demand means that sales will often finish in minutes.
If you are late, you miss out.
5 - Americans often are excluded, sorry guys! BUT you can be ready to
buy in the first few minutes of the Uniswap listing, so make sure to stay up
to date! Be aware that the first 5 to 10 minutes often see insane price
pumps by bots. Usually, but not always the sweet spot is around 30
minutes to an hour after listing.
6 - It is not necessary to chase every sale.

New This Week

Kryptomon is a Pokemon / Tamagotchi NFT play to earn game. The Token
sale is happening on Poolz and Red Kite on the 17th.
Krystal Finance is a “one stop shop for defi” backed by big VCs like
Hashed, and cryptodotcom. No sale dates.
Star Atlas is a Solana based space game launching their token in an IDO
across the FTX exchange, Raydium, and Apollo at the “end of the month”,
although a firm date has not been fixed. Details

UPDATES
Polytrade sale date on Polka Starter August 18th.
The List of Upcoming Token Sales
Cardwallet is a Cardano focused wallet app. They will be doing an
OccamRazer on August 16th. Details
Enjin Starter is a launchpad for the Enjin ecosystem. Launchpads are
getting seriously saturated, but it could be something worth keeping an
eye on, considering the Enjin connection. No sale dates.
Parallel Finance is a Polka Dot based lending and staking protocol. It is a
Web 3 grant recipient and backed by Pantera and Polychain. The tokens
will be distributed via parachain auction. The waitlist is currently open for
Kusama. Details
Ratio Finance is a liquid staking protocol coming to the Solana blockchain.
It allows you to take your liquidity positions and turn them into stablecoins
which you can then lend out for more yield. No sale dates.
Mangata is a decentralized exchange billing itself as the one-stop shop for
trading DOT based assets and will act as a bridge between Ethereum and
Polka Dot. Backed by Polychain. No sale dates.
IX Swap is billing itself as the Uniswap of security tokens. Offerings AMM
services and liquidity pools for security tokens and tokenized stocks. We
have had a lot of security token plays over the last few years, is the market
finally ready… who knows, but here is another entry to the space. No sale
dates.
Poly Trade is bring real world, insurance backed assets to the blockchain.
Interesting idea. Decent backers, not top tier, but worth a look.
Unbound Finance is a crosschain layer for liquidity pools. Backed by
Pantera, Arrington, and a who’s who of defi industry leaders. No sale date.
Hurricane Swap is a multichain decentralized exchange based on
Avalanche. I know that the DEX game is massively saturated, but not on
Avalanche, not yet anyway. No sale dates.
Holoride is an immersive experience turning car rides into theme park like
experiences. Which is either genius or insane. They are building Elrond and
Audi is going all in on this. The official Audi account even tweeted about
this. No sale info yet.
Bware labs is a decentralized infrastructure provider working across major
chains connecting users with network validators on networks like Polygon
and The Graph. No sale dates yet.
Chainflip is a crosschain automated market maker focused on native asset
swaps. No sale dates yet.
Claystack is a new liquid staking protocol. The use case is huge similar to
Ramp Defi. No dates.
Hashflow is a new decentralized exchange similar to Uniswap but offering
more professional liquidity services which is backed by Galaxy, Arrington,
Alameda, and Morningstar. No sale dates yet.
Polka Switch is a defi crosschain liquidity protocol. Backed by Arrington.
No sale date yet.
Burnt is a Solana-based auction protocol. Very little info so far, and no sale
dates. So, stay tuned.
Xdefi is a chain agnostic cryptocurrency wallet, could be something of a
Meta Mask “killer”. No sale info yet.
SigmaDex is a perpetual liquidity protocol with crosschain capabilities. No
sale dates yet.
Manta is a layer 1 privacy-focused decentralized exchange building on
Polka Dot. Just finished a big fundraising round led by Polychain. No sale
info yet.
Moon Beam is a Polka Dot play building an Ethereum compatible platform
as well as a bridge to Algorand. Just closed a seed round. No details on
public sale.
Market Analysis by Rekt Capital

Orion Protocol & Travala — ORN/BTC & AVA/BTC

Late last month in an Altcoin session, I spoke about ORN being on the
cusp of breaking its multi-month downtrend to begin a new macro
uptrend.
Ever since ORN turned the all-important black level into support, ORN
broke out into a fantastic +69% uptrend:
The reason I mention this is that AVA/BTC is presenting the same sort of
multi-month downtrend:
Of course, the downtrending channel is much narrower but the principles
remains the same…
Break the downtrend and AVA will begin a new uptrend much like ORN
did.
COTI — COTI/BTC
Last week in an Altcoin session, I shared a proposed price trajectory for
COTI:
Since then, COTI has followed the path:
If COTI enjoys a rejection soon, I’d expect a volatile dip into the green
area, should we even get one.
Turning the green area into support would be a great sign for COTI
continuing its run to higher levels via the black path.
Tezos — XTZ/BTC
Many Altcoins have been forming Falling Wedges.
XTZ is no exception.
What’s interesting about this particular Falling Wedge is that it is forming at
the 2021 Higher Low.
That is, this Higher Low has spanned the entirety of 2021, supporting a
technical uptrend for XTZ.
So those are two noteworthy technical points about XTZ:
● Falling Wedge (e.g. ORNBTC, BANDUSD, ETHUSD have all broken
out from Falling Wedges lately),
● 2021 Higher Low continues to hold (e.g. the 2021 Higher Lows also
held for BTC and ETH, though with a small fakeout to the downside
before reversal)
XTZ seems to be repeating key structural features in other successful
Altcoins.
Other than that, XTZ is forming now yet another long-standing Higher Low
at lows, something that could be considered as a recurring fractal in XTZ’s
price.
After all, a similar HL preceded a reversal to the upside back in 2019.
Swipe — SXP/BTC
SXP is currently breaking out from its blue triangular market structure,
which formed inside the black-black range.
So in essence, SXP is breaking out from the triangle and beyond the black
Range High resistance.
The next dip will likely be crucial. Will SXP dip to the black level or to the
blue diagonal for a retest attempt?
Even a pullback into the orange horizontal could be possible as part of a
fake-failed retest attempt of the blue triangle.
Those are the three levels I’m watching on a pullback as part of a higher
timeframe breakout confirmation.
Successful retest of either of these levels could precede a move the red
area above.
SushiSwap — SUSHI/BTC
SUSHI has maintained its 2021 series of Lower Lows extremely well
throughout the year.
In fact, over the past few months, rather than continue to test the Lower
Lows and further solidify them as a base — SUSHI began to flick up from
them, leading price to this current black resistance.
I’d adopt a bullish bias once SUSHI is able to turn this black level into
support.
This could be sufficient on the Daily, but ideal confirmation would be to
see a Weekly Close above the black level followed by a dip into black for
that crucial support test.
That would likely open SUSHI up for a +36% move inside the black-red
range.
Thank you for reading.
P.S. If you enjoyed today’s Altcoin Watchlist, you’ll really like the Rekt
Capital newsletter which feature Altcoin sessions. Cutting-edge insights
on the Crypto markets, straight to your inbox three times a week.
Theta Network AMA

This week Wes Levitt the head of strategy at Theta Labs joins us to
discuss Theta and their move into the NFT space. Theta is the market
leader when it comes to content delivery and their blockchain has moved
from strength to strength over the years.
For those not familiar, what is Theta? 
Theta is the leading media and entertainment blockchain, enabling a
decentralized network where users can relay video streams and perform
other computing tasks in return for crypto rewards. Video platforms that
integrate Theta can lower their bandwidth delivery costs by tapping into
the Theta Edge Network, 10s of thousands of users around the world
running Theta Edge Nodes that relay video and perform video encoding
over the decentralized network, while Edge Node users earn crypto tokens
as a reward for their contributions. 
 
What is the role of the Theta token and the Tfuel token? 
Theta Token (THETA) is the governance token of the Theta protocol.
THETA is used to stake as a Validator or Guardian node, contributing to
block production and the protocol governance of the Theta Network. By
staking and running a node, users will earn a proportional amount of the
new TFUEL generated. 
 
Theta Fuel (TFUEL) is the operational token of the Theta protocol. TFUEL is
used for on-chain operations like payments to Edge Node relayers for
sharing a video stream, or for deploying or interacting with smart
contracts. Relayers earn TFUEL for every video stream they relay to other
users on the network. You can think of Theta Fuel as the “gas” of the
protocol.
 
What is the Tdrop NFT mining token, and how can users get it? 
TDrop is a TNT-20 token on Theta blockchain, created to incentivize
adoption and liquidity of ThetaDrop NFT Marketplace, TDROP tokens will
be earned by users each time they make a primary or secondary purchase
using TFUEL on ThetaDrop NFT Marketplace or through a 3rd-party NFT
Dapp built on the NFT marketplace smart contract. TDrop will also serve
as the governance token for ThetaDrop and the NFT Marketplace. 
 
What kind of NFTs can people get? 
NFT drops so far have included World Poker Tour, 3D animation artists like
Hinse, and crypto influencers like Digital Dave. Katy Perry has announced
she’ll be releasing Theta NFTs for her upcoming Las Vegas residency, and
several more major entertainment icons are in the works for ThetaDrop. 
 
Who are Theta’s biggest partners and what do they bring to the table?
Theta has a diverse set of major partners that we work with in different
ways. World Poker Tour uses Theta bandwidth relaying for videos on their
site, shows WPT content on Theta.tv, and hosted a very successful NFT
drop on ThetaDrop. Samsung runs a Validator Node on Theta, has
invested multiple times in Theta Labs, and has worked on several pilot
projects with Theta for Samsung VR website and Samsung TVs. NASA TV
has collaborated with Theta on video events if their live shuttle launch
events, hosted on Theta.tv and commemorated with NFTs on Theta
blockchain.  
 
Theta recently upgraded to Mainnet 3.0, what do we need to know
about this upgrade? 
Theta Mainnet 3.0 introduced two major protocol innovations:
Elite Edge Nodes introduced to enable “Uptime Mining”, the tokenization
of Internet bandwidth and availability. Users will be able to stake TFuel to
an Edge Node to upgrade it to become an Elite Edge Node. Elite Edge
Nodes can earn additional TFuel through their staked TFuel, incentivizing a
larger, more robust, and more reliable Edge Network. New 4% TFuel
inflation for uptime mining for Edge Nodes will be introduced in this
update.
A new TFuel burning mechanism added a cost for using Theta Edge
Network, namely a “network fee” as a balancing force against new TFuel
supply. With Mainnet 3.0, a minimum of 25% of each TFuel payment to the
Edge Network will be burned at the protocol level, effectively becoming a
cost for platforms using the network. In addition to this, 100% of all gas
fees for running smart contracts and transactions are burned. 
 
What can we expect from Theta in 2022? 
In addition to the launch of TDROP in February 2022, we’re very excited
about new use cases for Theta including using NFTs for decentralized
DRM for video events, using Theta Edge Nodes for decentralized storage
of video data and NFTs, and cross-chain bridges to allow Theta blockchain
to more easily interact with Ethereum and other major blockchains and
dapps.
Earn 46% on Maple Finance by DefiDad

Before we get started, a reminder that this is not a recommendation or

endorsement to buy any tokens mentioned in this tutorial.
One of the holy grails of DeFi is believed to be undercollateralized lending.
The most adopted DeFi applications to date, have been money markets
which require borrowers to collateralize assets worth more than the total
value they wish to borrow. With over $25B across the estimated $81B TVL
in DeFi according to DeFi Pulse, protocols like Compound and Aave have
grown to be giants of liquidity, given their permissionless, trustless
applications for lending and borrowing capital. 

However, in modern lending markets, creditors such as banks will assess

borrower creditworthiness by using credit checks and other due diligence,
allowing such banks and other lenders to make loans to those who
promise to pay back over time with interest, without requiring more
collateral upfront.

In DeFi, there is no law other than code to assure lenders they will be paid
back on time. For this reason, DeFi money market protocols were
designed the last few years to require more collateral be deposited upfront
and if the LTV (loan-to-value) ratio is not maintained, smart contracts will
liquidate the deposited collateral and use it to pay back lenders. 

Maple Finance–Undercollateralized Loans for Institutional Borrowers

In the last year, an institutional capital marketplace built on Ethereum was
launched called Maple Finance. Maple Finance expands the DeFi
economy by providing undercollateralized lending for institutional
borrowers and fixed-income opportunities for lenders. 

One of the benefits is Maple offers borrowers decentralized, transparent

and efficient financing all on-chain. For lenders, Maple is a sustainable
yield source with pools of crypto’s premium institutional players.
Meanwhile, Maple’s Pool Delegates manage these pools, perform due
diligence, and set terms with Maple institutional borrowers.
This DeFi protocol is governed by the Maple Token (MPL), which enables
token holders to participate in governance, share in fee revenues, and
stake insurance to lending pools.
● Pool Delegates are tasked with seeking approval by Maple
governance to launch a pool contract, attract capital, and commit
loans. In exchange, they receive two fees: pool-specific portion of
the interest accrued from borrowers and a portion of the
establishment fee taken upon drawdown of each loan associated
with their pool.
● These Pool Delegates undergo a rigorous approval process to
ensure quality of liquidity pool management.
● Maple borrowers, who are selected by Pool Delegates, must go
through a pool-specific underwriting process prior to receiving their
loan.
● Deposits are locked up for 6 months in order to fund consecutive
tranches of institutional loans on Maple, but there is no minimum
required to participate.

How to Earn 46% APY Lending to Institutional Borrowers

In today’s opportunity, I’ll show how I can earn an aggregate 46% APY
denominated in USDC and MPL rewards, by lending on Maple Finance.
Please also be aware of a few major risks. 
● Smart contract risk in Maple Finance. 
● Oracle failure could contribute to a loss of funds.
● Pegged assets like USDC can de-peg.
● The quoted APY could fluctuate depending on the amount of capital
lent/borrowed in the pool.
● As always, this is not financial advice. You should not follow any of
my writing as an investment strategy.
Here’s how I lend my USDC on Maple Finance:
1 - First, I go to the Maple Finance app to check which pools are available.
Currently there are 2 pools, representing 2 different borrowers, each with
capacity to take on more lenders of USDC, offering nearly the same 46%
APY.

2 - I connect my MetaMask or WalletConnect wallet and sign a message,

which costs no transaction fee.
3 - Next, I may click on the Pool Dashboard under Orthogonal
Trading because the estimated APY is higher. I learn more about
Orthogonal Trading and “the strategy of this Pool to target industry-leading
funds and prop trading desks” with a “focus on mitigating risk by lending
to market makers and arbitrage traders to avoid taking directional risk on
the prices of crypto assets.” If I’d like to participate and am willing to lend
my USDC to Orthogonal Trading for at least 180 days, I move on to the
next step.
4 - I can see that the 46.3% APY derives from 11.1% APY lending USDC
and 35.3% APY in MPL rewards for staking the MPT (Maple Pool Tokens
received upon lending USDC).
5 - I click Deposit in orange under Your Investment to deposit USDC. I
follow the prompts to Approve and then Deposit my USDC, which requires
2 transactions on MetaMask.
6 - Lastly, having received MPT (Maple Pool Tokens) from depositing
USDC, I scroll down to MPL Rewards (Liquidity Providers) to deposit the
MPTs and start earning 35.3% APY in MPL rewards. I follow the prompts
to Approve and then Deposit my MPTs, which requires 2 transactions on
MetaMask.
That’s it! I’m now lending and earning yield thanks to this newer DeFi
protocol enabling us to permissionlessly lend to institutional crypto
borrowers.
For more DeFi video tutorials and insights, follow me @DeFi_Dad on
Twitter and subscribe to DeFi Tutorials with DeFi Dad on YouTube
at defidad.com. If you’re a builder raising capital for the next killer DeFi
app, my team and I would love to partner with you at 4RC (Fourth
Revolution Capital). Contact me via DMs on Twitter or at
contact@fourthrevolution.capital.
Disclaimer & Risks: This is not financial advice. You should approach all
DeFi applications, wallets, protocols, and tools with caution. Please be
aware there is always risk in using DeFi, especially technical risks (ie smart
contracts bugs), financial risks (ie liquidity crises), and potentially admin risk
(admin key compromise, governance vulnerabilities).
Audius Report by Jesse

Go Bitcoin go! While a far cry from some of the big winners this week,
Bitcoin has jumped nearly 20% amidst all the crypto regulation and
Ethereum upgrade discussions. Pulling into first is Internet Computer with
almost 100% gains, Ravencoin with 90% and to no surprise, Axie
Infinity continues to break all-time high after all-time high with another
85% bump this week. Hopefully, the market continues this trend to close
out an otherwise rough last couple of months. Our report this week covers
a new and interesting take on the monetization of music and artists with
Audius.

Introduction
The Audius protocol brings artists, node operators, and fans together in an
incentive-aligned way, allowing these actors to collectively provide a
high-quality audio streaming experience. These experiences are guided by
the foundational beliefs that users should be compensated in proportion to
how much value they create for the network and that artists should directly
engage and transact
with their fans. In this protocol, governance power is earned by creating
value in Audius, and shared consistently between user groups contributing
to the protocol. Access is democratized so that anyone can contribute to
Audius if they follow the protocol rules, and all information remains publicly
accessible. In 2017, the music industry generated $43 billion in revenue
but only 12% of that made its way to artists. As points of comparison, NFL
players capture at least 47% of the revenue generated by the entire NFL,
and NBA players captured between 49 and 51%. Centralized
user-generated music distribution platforms have always succumbed to
the influence of legacy institutions, struggling to find sustainable business
models. The Audius protocol allows artists, fans, and node operators to
collectively provide a high-quality end-user music streaming experience
without an unfair centralized infrastructure. Audius creates a protocol
where the shared success of the platform directly benefits the users
responsible for its success.
Audius focuses its attention on five major components to create this
welcoming atmosphere for artists and users alike. The Audius token,
stablecoins, and artist tokens create a platform token and shared token
economy that aligns the incentives of all participants with three primary
prongs of functionality: access, security, and governance. Content Nodes
allow for a user-operated network of nodes to host content and permission
access to content on behalf of artists. The Content Ledger creates a single
source of truth for all data accessible within the Audius protocol, anchoring
references to content hosted by content nodes. Discovery Nodes offer
user-operated indexing of the Audius content ledger and provide an easily
querriable interface for retrieving metadata. Lastly, Governance allows for
modifications and improvements to Audius, which shares control among
those who have created and are creating value on an ongoing basis.

Content nodes maintain the availability of content and metadata in Audius

on AudSP, the Audius-native extension to IPFS. These nodes can be run
by node operators alongside an active network stake, giving them the
opportunity to earn part of the ongoing Audius token issuance and
aggregated fee pools, or can be run by an artist themself to host their own
content. By default, an artist’s client elects a set of these nodes to
maintain the availability of content automatically on the artist’s behalf and
the vast majority of artists do not need to have any knowledge of this
process. When relying on the 3rd-party network of Audius content nodes,
after electing an initial set of nodes this set evolves automatically, with new
nodes replacing old ones that are taken offline or become unavailable.
Files distributed through the Audius protocol must be highly available,
independently verifiable, and decentralized. These principles are key to
ensuring democratic participation and accessibility for all users of the
Audius protocol. Artists sharing their tracks and metadata, fans retrieving
content, and node operators will all share longer-form information via this
protocol, while references to files in this protocol will reside in the Audius
content ledger. Additionally, the storage protocol must provide an
equivalent user experience to existing centralized solutions and scale
effectively as network demand increases.

To distribute a track on Audius, artists must agree to the Audius open

license to make the content available on the broader Audius network. The
artist’s client will then slice the track into fixed-length segments, encrypt
them locally (if the content is permissioned) with segment-specific keys,
and upload these encrypted segments, the encryption keys, and required
metadata to their content node(s). The content node(s) then publish the
content and metadata to AudSP, producing an IPLD link for the metadata
which the artist client adds to the Audius content ledger via a new
transaction, which then prompts the discovery nodes on the network to
index the new content and make it more broadly discoverable and
available. In addition to maintaining content availability, content nodes also
take responsibility for permissing access to content. Because of AudSP,
anyone can now fetch the encrypted content being kept available by the
elected content nodes. Proxy re-encryption is what allows a content node
to selectively issue a key to a given user upon request. This cryptosystem
used to encrypt tracks will allow the issuance of fan-specific proxy
re-encryption keys derived from the track encryption key and the fan’s
public key.

The artist’s content node(s) will handle key requests and issue new keys
when the specified conditions are met, issuing a new key by mixing the
track encryption key with the fan’s wallet’s public key.

The Audius content ledger is the collection of smart contracts on

Ethereum, POA network, and other future L1 or L2 blockchain networks
that host pieces of the Audius ecosystem. Different parts of the Audius
protocol will continue to run on different blockchain-based platforms, or
use off-chain scalability solutions, where scalability trilemma tradeoffs can
be made on a module and subprotocol-specific basis. Once the content is
listed in the content ledger, it is indexed by the discovery nodes as
detailed previously which ultimately makes it easily queryable and
discoverable by clients accessing Audius. The Audius content ledger
maintains a single source of truth for all the valid versions of node software
usable within Audius, controlled by governance where all the discovery
and content nodes are reachable within Audius and; how to find them (via
IP address or fully qualified domain name). When a client connects to
Audius for the first time, they can use this on-chain registry to bootstrap its
local state. In the spirit of creating a community-owned and operated
streaming protocol, these key actors should be empowered to shape,
mend and change underlying parameters of the Audius protocol. Audius
politicians differ in the sense that node operators are unique from artists
and curators, both of which are aligned in the growth of the protocol.
Governance will look to present both technical and nontechnical
proposals, giving all users the ability to properly voice their beliefs without
needing to run a node or have a deep technical understanding of the
Audius tech stack. For node operators, Audius governance acts as a key
tool to empower decentralized content storage, providing a direct
mechanism for rewards to be earned and amended in line with the costs,
value, and consensus of other providers on the network.

The Token
The Audius protocol is powered by the ERC-20 AUDIO token, and with the
community’s support, will hopefully leverage 3rd-party stablecoins as well
as artist-specific tokens to unlock extra functionality in the future.
Everything in Audius is governable, and all AUDIO tokens staked in the
protocol automatically receive governance weight on a 1 to 1 vote basis.
Audius tokens can be staked by node operators to run the Audius protocol
as well as by artists and curators to unlock exclusive features and
services. Audius tokens will serve as collateral for artist-based tooling as
well. Early examples incubated by the community include artists’ tokens,
badges, and earnings multipliers. In the future, fans may delegate tokens
to specific artists and curators to share in their growth on the platform and
the issuance of future tokens. AUDIO has a Total Supply of just over 1
Billion tokens. Distribution started in the right direction with 5% of the
token’s initial supply being distributed to its top 10,000 artists & fans.

There were some caveats to this process of course with the algorithm for
determining token distribution preferring artists over listeners, and with
75% issued tokens allocated to creators based on the number of streams
they have created. The number of followers was used to allocate another
10% of tokens, while the favorite playlist, the number of songs re-posted,
and the number of songs loved are used to determine 5% of each number.
The remaining supply is distributed with an over 40% share for the Audius
Team, advisors, and artists like Deadmau5, 36% for Seed Funding, and
18% for the Audius Treasury. With an inflationary supply, AUDIO is set to
inflate its total supply by an average of 7% per year based on future
distributions. No specifics on the use of all these funds were available.

The Founders
Audius Inc is founded and based out of San Francisco California.
Co-founded by Stanford Alumni Roneil Rumburg, he serves as the CEO for
Audius after briefly serving as the Sanford BA Entrepreneurial Services
COO. Joining him is Co-Founder Forrest Browning as the Chief Product
Officer, Head of Growth for Solana, and Origin Protocol Austin Virts is also
the Head of Growth for Audius with Christina Rowland serving the project
as Head of Operations. Audius has a handful of other team members in
Engineering, Artist Growth, Partnership, and Operational capacity mainly
from Stanford and Cornell University. Early funding for the project started
forming as far back as August 2018. With a Series A that raised $5.5
Million and a Venture Round in July 202 that raised an additional $3.1
Million from Blockchange Ventures, Coinbase Ventures, Multicoin Capital,
and Lightspeed Venture Partners with Pantera Capital helping to fund both
2018 and 2020 rounds.

Market Impacts
The AUDIO token was originally released back in late October 2020 with
an $0.18 evaluation originally. Until January 2021 AUDIO remained strongly
between its original market price and $0.22 USD. It wasn’t until February
that the price began appreciation throughout February and March where it
hit an all-time high of $4 before the months following dragged the price
below $1. At around $0.70 AUDIO began to find its bottom and move
above $1 where it sits now at $1.35. The Total Market Cap now sits around
$500 Million with a circulating supply of 40% at 400 Million AUDIO.
According to analytics currently, 75% of that supply is locked into staking
on Audius. Audius has almost 60k Twitter followers and almost
2k Discord members. Web data shows that site traffic has dropped by
50% since March 2021 showing that fewer people are using the protocol
and not more as advertising for the project has been reflecting. The
project Blog has maintained its presence with updates on new artists and
trending playlists.

Concerns
With the founders holding onto 40% of the total supply this is not too far
off from most centralized music streaming services. While written in a very
different light by the foundation, such a large share in the monetary value
speaks differently.

More importantly, Audius has barely made a plan to or solidified the ability
for artists and users to receive any token distribution from using the
platform outside of the initial 5%. While briefly discussed back in March
2020 Audius has yet to make good on its promises to create a platform
that shares in its monetary value and has kept all value accumulated since
release. Some users have even felt cheated due to the built-in
reward-based tier system that promised to reward higher tier users
carrying Bronze, Gold, and Platinum badges to show their dedication to
the platform. These were not earned but primarily purchased by trading
AUDIO tokens via Defi applications outside of Audius. With dashboard
metrics showing 23% of estimated annual rewards paid to users. It’s a
pretty big letdown to those users still waiting on their rewards. Select
artists however have been receiving small incentives for providing content
via meager $100 weekly rewards for top trending tracks. A far cry from the
90% revenue share they were supposed to receive.

As mentioned in the token section, artists like Deadmau5 were major

proponents for the release and intended social constructs behind Audius.
However, only a handful of tracks are actually available from these artists,
and not a single album in the years since inception has been released by
any of these front-running artists. This brings me to strongly question the
growing number of unique users on the platform as well. Taking an
example from arguably the highest-grossing artist on the
platform, Deadmau5 profile. With only 20k followers out of 5 Million unique
users, things are not adding up for an artist who has 4.4 Million monthly
listeners alone on Spotify. Leading many to believe the user numbers have
been grossly fabricated.

Conclusion
On paper and at first glance Audius looks to improve heavily on the current
Soundcloud means of individual artists monetizing their content and
having an audio platform for representation of the work. However, this is
not a Spotify or Apple Music competitor in any sense. Data from this
week’s most-played track peaks at a meager 11k plays with the second
place having listened to only 4k times. While a lot of value has been
accumulated in the AUDIO token, none of it is being used to grow the
platform itself. At least not at any rate that aligns with the amount of
money accumulated by the foundation or founders. Aside from the
backend, as a user of the Audius app, I found it to be lacking even some
of the most basic features available. Constant buffering issues plagued my
experience on both PC and Android with added tracks not being added to
playlists and in most cases, on Android, the app crashed constantly
reflected in reviews by other users as well. Unfortunately, there’s been
some paid opposition on Apple so it’s hard to gather how many users
share the same issues. Audius has potential but a lot of issues to still work
out. With so much time between funding and release, I’m surprised there’s
not more polish and functionality in the App. As described in the
technicals, there’s really no reason that the project should be in the state it
is currently. My suggestion to anyone looking into Audius, download the
App and play around with it in order to get a good idea of whether it’s
something you find long-term value in.

Until next time, remember that the only guarantee is BTC. So keep
stacking that Satoshi.
-Jesse Koz
Follow Jesse on Twitter
Final Notes

Thank you so much for your support, and I truly hope that today’s issue
will give you insights needed to help you master your wealth.
Do let me know if you have any questions or feedback, or any topics you’d
like to see covered in future issues.
See you next time!
Lark and the Wealth Mastery Team

Recommended Services

👀 NUMBER ONE LENDING SITE - 4% ON BITCOIN & 7.5% ON

👉 BLOCKFI ►► http://blockfi.com/lark
DOLLARS 

🤑 PHEMEX $200 SIGN UP BONUS ►► https://cryptolark.co/PHEMEX

💰 BINANCE 10% OFF TRADING FEES ►►
https://cryptolark.co/BINANCE10

Legal Disclaimer

TCL Publishing ltd (director Lark Davis, owner of Wealth Mastery) is not
providing you individually tailored investment advice. Nor is TCL Publishing
registered to provide investment advice, is not a financial adviser, and is
not a broker-dealer. The material provided is for educational purposes
only. TCL Publishing is not responsible for any gains or losses that result
from your cryptocurrency investments. Investing in cryptocurrency
involves a high degree of risk and should be considered only by persons
who can afford to sustain a loss of their entire investment. Investors should
consult their financial adviser before investing in cryptocurrency.