Ramblings from a Crypto Mountaineering Club expedition, #2
In which I share my notes from the field on the wide range of projects OccamFi is launching through IDOs and identify continuous ecosystem diversification as a win-win for investors and projects
Let’s not kid ourselves. The members of the Crypto Mountaineering Club, otherwise known as the Occamites, may be a well-rounded, amiable, and polite bunch. But we still want to see a big fat return on our investments.
The Occamites are a modest lot. This is evidenced by the refreshing lack of “wen lambo” and moon memes in our community chats. But it would not be quite correct to say that we take the view “why shoot for the moon when the mountains are so beautiful?” It’s just that we recognise that patience is a virtue. Some IDOs will rocket on launch, especially when the DEXes are up and running on the Cardano network — a milestone approaching all the faster after today’s Alonzo hard-fork event brings smart contracts to Cardano. But others will grow slowly and steadily over the months and years. These returns will be all the more satisfying: to see a project gradually achieving its potential and progressing along its roadmap.
But there is more than money to this IDO adventure. And there is more than money to crypto and all that Cardano and some other blockchains can deliver. This is reflected in the diversity of projects on the Occam Razer launchpad, which so far fall into the following categories:
- DeFi (including crypto lending and exchanges);
- NFTs and the arts (and NFT-DeFi combos);
- Education; and
- Gaming (and GameFi).
No doubt there will be more to follow. And no doubt I have already missed something [I missed decentralised storage].
But the point is that blockchain and crypto can offer huge benefits in terms of the array of financial services available to people and vastly expand the number and type of people with access to these services. But it can also open up opportunities in entertainment and in social and environmental sectors where great public good is delivered on top of the financial returns to investors and users.
Let me dwell on one example of a project with an upcoming initial DEX offering on Occam in each of the five categories I listed above.
- Ardana: these guys offer a package of DeFi services, including a stablecoin for Cardano and a decentralised exchange. Stablecoins may be the vanilla coins of the crypto world. But who can live without them, eh? I mean, I know if I park some coins in my wallet for a minute to answer a call of nature and then come back to buy my big hope, not only will my big hope have exploded multiple X’s but the coins I was going to swap for it will have crashed to the floor. A bit of stability is good for balance.
- XP.Network: the team behind this project has a big, ambitious vision to become the Facebook or Google of NFTs. They are already the first chain-agnostic platform for building dApps for NFTs and have a bridge for transferring NFTs and dApps from one blockchain to another. This is already impressive. But more than this, they have seen the future of NFTs, which is strong and diverse enough to survive an eventual bursting of the generative NFTs balloon. Their platform will allow people with no coding skills to create marketplaces, exhibition spaces, authenticated certificates, mechanisms for securing royalties for artists, and at least another fourteen use cases. They also plan to bring these uses cases to many of the billions around the world who are part of the Facebook ecosystem, via this group’s upcoming Diem network.
- dHealth Network: this is a truly unique project in the crypto and blockchain space. Firstly, it brings the health sector to Occam’s portfolio, harnessing the power of blockchain to enable a trust-inspiring, privacy-preserving means for healthcare professionals to share data and apply this to such real-world use cases as an organ exchange. Secondly, it brings Big Pharma (dHealth are Roche’s blockchain partner) to crypto — many would see these two, at least at first glance, as very strange bedfellows. But this demonstrates an important facet of Cardano and OccamFi: bridging institutional and decentralised domains, and doing this through the utmost care for regulatory compliance and security.
- Studyum: this project tantalises potential investors and a certain segment of education reformists alike with the promise of revolutionising the education sector. It will apply multiple aspects of crypto (such as NFT collectibles as incentives for studying and a tokenised microeconomy) and artificial intelligence to education on cryptocurrency as well as wider issues. Educating the world about novel concepts such as smart contracts that may soon be essential parts of everyday life is a necessary democratisation endeavour.
- Colizeum: lastly, this project brings to the mountaineers’ party the gaming sector — the one many investors have their eyes on as a likely route to new heights over the coming year. Colizeum will not be a game but a platform for hosting games (or tournaments), e-sports and betting, whereby developers of games can benefit from a ready-made platform and a greater slice of the pie, assisted by Colizeum’s tokenised “attention ecosystem”.
How to choose from such a variety of investment options? Well, you don’t have to choose. While you’ll have to buy and stake at least 4,000 of Occam’s OCC tokens to guarantee an allocation to all the IDOs, stakers of at least 150 OCCs receive some free tokens of all the projects on Occam Razer. There seem to be at least two good reasons why these freebies are termed “continuous ecosystem diversification” (CED). Simply by staking their tokens, each Occamite is continuously diversifying their crypto portfolio; at the same time, the projects are diversifying their token-holders and hence, in some way, becoming more decentralised (I’ll look at the fascinating and complex topic of decentralisation in more detail in some future ramblings).
So, everyone’s a winner.