To whom it may concern,

I am pleased to submit my 1-page investment memo detailing my best crypto investment idea.
Enclosed, please find the investment memo in pdf format, along with the supporting data and
analysis that outlines the investment opportunity.

My investment idea centers around POLKADOT/KUSAMA, which I believe has great potential
for growth and profitability. Through extensive research and analysis, I have identified key
indicators that support my investment thesis. These include: Investment Memo: Polkadot and
Kusama Ecosystem Overview

Overview:

Polkadot and Kusama are two interoperable blockchain networks that are revolutionizing the
blockchain industry. Both networks are developed by Parity Technologies, which is known for its
innovation in blockchain development. The ecosystems have seen rapid growth and
development in recent times, making them attractive to investors.

Development Activities:

Development activities at the core protocol (Parity Technologies’ public GitHub repo) remained
strong and shared a fairly similar pattern with DOT and KSM prices. Daily active core
developers reached an all-time high at 175 on March 23.

Ecosystem Wide Growth:

Ecosystem-wide, quarterly new repos increased drastically year over year. From 2019 to 2021,
new repos nearly doubled every year.

Interoperability and Democratization:

XCMv3 and OpenGov on Polkadot PRs were merged, promising a new era of interoperability
and democratization on Polkadot. On April 5, XCM v3 officially went live on Kusama.

Nomination Pool Stake:

Nomination pool stake surpassed 3M DOT with 108 active pools and 8K+ pool members on
April 4. Minimum active stake for nominator staking (the threshold to begin receiving staking
rewards) rose exponentially past 300 DOT.

Bounties and Grants:

73.2% of DOT treasury was spent on bounties. Ever since OpenGov was deployed, the KSM
treasury had spent 134K KSM, of which 50.02% was on big spender track. The Web3
Foundation Grants Program surpassed the 500 project milestone.

Parachains:

There were 42 parachains on Polkadot and 45 on Kusama by the end of Q1. Subsocial was the
third parachain after KILT and Zeitgeist to successfully migrate from Kusama to Polkadot.
Moonbeam continued to be the most vibrant DeFi parachain, with StellaSwap as the biggest
DEX player in terms of TVL.

Smart Contracts:

Total number of WASM smart contracts landed at 2,577, among which 2,551 (98.99%) were
written in ink!. Aleph Zero became the second after Shiden to bring ink! and WASM smart
contracts to mainnet on March 29. SubWallet is by far the only Polkadot wallet that supports ink!
token standards (PSP-22 & PSP-34).

Conclusion:

With the strong development activities, ecosystem-wide growth, interoperability, and

democratization, and the increasing number of parachains and smart contracts, the Polkadot
and Kusama ecosystems are attractive to investors. These networks have shown significant
potential for growth and development, making them an exciting opportunity for investors looking
to get involved in the blockchain industry.
.
I am confident that my investment idea aligns with your investment strategy and goals.
Furthermore, I am available to provide additional information or answer any questions you may
have regarding my proposal.

Thank you for your consideration, and I look forward to the opportunity to discuss this
investment idea in more detail.

Sincerely,
Ashton