September 9th ~ September 15th Newly updated articles and noteworthy stocks/topics

Level

Level is a project that aims to strengthen cryptocurrency networks using a stable currency pegged to the US dollar. Unlike Ethereum or Bitcoin, its stable price allows users to earn interest and profits from crypto assets without being affected by price fluctuations. By primarily collaborating with security protocols such as EigenLayer and Symbiotic, Level can leverage the economic scale of USD stablecoins (USDT, USDC) for security enhancements.

For more project details, please see the Document.

Blum - A Telegram-based DeFi Exchange/Launchpad. Selected for Binance MVB, it is expected to be listed on major CEXs following DOGS and Catizen.

AcrossProtocol - An interoperability protocol utilizing Intent. Intent-related technologies may become important in the future. See also Intent Markets

Gashawk - An RPC Node service that helps optimize gas fees.

Seaseed network - Layer 1 chain for RWA. Created by former TOKOCrypto members. Partnered with major Asian banks such as Tether and Saison Capital.

About Catizen

This week's biggest topic was undoubtedly Catizen. Many of you probably calculated how much profit you made from the Pre-Market after the airdrop token amounts were finalized. The top earner in the CandyDrops team spent $10,000 and received approximately 46k tokens.

The Pre-Market price was around $0.75~$0.8, so if you could sell at this price, you'd make about $35k. Within the team, there's a playful debate with some saying it will become a trading toy and eventually even $0.1 would be too high, others predicting it will reach $1.8 like $DOGS, and a moderate group expecting around $1. These differing opinions are what make DYOR interesting and rewarding.

TGE and listing on major CEXs like Binance, Bybit, and OKX are scheduled for September 20th. If you received tokens, it's a good idea to plan your listing strategy now to avoid panic on the day.

This slide offers a very interesting perspective on how to navigate listings, so please check it out:
https://x.com/SimplicityWeb3/status/1833948088395825601
Direct link to the document is here
This article analyzes the price of listed tokens over a week. As someone with experience in altcoins and CEX trading since 2017, I find many points resonating. Personally, I usually sell immediately. I partially take profits only when there's a potential for additional airdrops or profits, but I sell the majority of more than 90% of the tokens immediately.

About CAT-20

CAT-20 is a token created on Fractal Bitcoin. It's the token issuance protocol following FLUX, the first token issuance protocol on Fractal. CAT-20 manages token minting and transactions using contracts. When new tokens are created using UTXOs, Minter UTXOs are generated, and these UTXOs can be used to create tokens. The creator can set arbitrary minting conditions (paid minting, minting deadlines, whitelist minting, etc.).

For details about CAT PROTOCOL, see here

Since it's officially supported by Fractal Bitcoin, it has already reached its issuance limit. The issuance price was $2 (5 tokens), but now it's worth 10 to 20 times that, and the price of $FB required for issuance temporarily rose from $15 to $30. Token issuance using the Bitcoin network, such as Inscription and Rune, is still fresh in our minds, but Cat-20 also experienced a similar surge in popularity. Other projects utilizing the Bitcoin network include Veda, CBRC 20, Compos Protocol, Orddefi, and famous ones like Berachain and Babylon. I'm excited to see how these various projects will utilize and evolve the Bitcoin network. While I'm personally skeptical, I think they're worth keeping an eye on.

Nayuta Wallet Service Discontinuation

Nayuta wallet service will be discontinued in three months. Since it's a non-custodial wallet, the balance will remain, but LN transfers will no longer be possible. Nayuta Wallet was the first LN wallet I used, so it's sad to see it go, but I look forward to the team's future endeavors and will continue to support them! https://medium.com/nayuta-inc/contents-f9161192904a-nayuta-f9161192904a

When considering the value of DeFi projects, we need to focus not only on technical aspects like "robustness," "transparency," "high TPS," and "scalability" mentioned in white papers, but also on whether the project secures healthy revenue and is sustainable. I feel that the market, especially during bull markets, often inflates FDV (funds raised), overvaluing projects that aren't actually generating revenue.

In the crypto world, the true value of projects is often overlooked. Even if a project is technically superior, it may not be sustainable in the long run if it lacks market adaptability and actual profitability. For example, a technically excellent project might not secure sufficient user cases. In such situations, I always question whether the project is "overvalued."

Past experience has taught me that high market capitalization doesn't necessarily translate to project profitability or user base. Enthusiastic valuations, especially before a product launch, are often detached from reality, and post-launch performance may not meet expectations.

During the due diligence process, we analyze various aspects, including team member backgrounds, technical capabilities, market fit, competitor analysis, and market strategy, but it's extremely difficult to accurately assess future value. Therefore, I constantly contemplate when to invest in undervalued projects, when to withdraw from overvalued ones, and how to manage my portfolio.

Sadly, I've had experiences where I couldn't invest in projects I was convinced were undervalued, and such decisions are agonizing.

Slightly off-topic, but the amount of fee revenue and TVL (Total Value Locked) a project holds are crucial indicators. DefiLlama, a tool we frequently use, allows you to browse various on-chain data, so I highly recommend incorporating it into your crypto life.

In the next column, I'd like to introduce the workflow of a researcher, focusing on topics such as "How do you conduct project research? How do you find new projects?" Stay tuned!

https://youtu.be/-VwhvbDpsDk?si=sXvlQGRbiGJtjXaE