SparkDAO

Posted on Mar 14, 2022Read on Mirror.xyz

SparkDAO Spot Strategy | Crypto Investment Research Report 220315

SparkDAO is an investment research group focusing on the field of digital encryption, with members distributed all over the world. We are keen to explore the underlying logic and cutting-edge tracks in the field of digital encryption. Welcome to our Twitter: sparkdao_io

*This is a personal opinion, not a promise of any return, not a legal liability, and not an investment opinion.

This issue focuses on two projects, the PERP/SXP, with emphasis on the PERP. Reason for analysis: Perpetual Protocol is a decentralized Perpetual contract Protocol based on the Ethereum, with a V1 version priced using virtual AMM (Vamm) , it realizes the perpetual contract trade without the liquidity provided by the market maker and the counterparty of the market maker. Given the huge potential of the futures exchange circuit itself, the PERP has certain advantages and has the opportunity to occupy a larger share of the decentralized futures trading market in the future, and it is possible to show a unique advantage in the perpetual contract trading of the long tail.

1.PERP(Perpetual Protocol)

Concept: Dex

Market Value in circulation: 307 million USD

Current price: $4USD

All Time High: 24.18 USD

Lowest ever: 0.67 USD

Opening Price: 7.67 USD

First release: October 3,2017

Market cap rank: 39

View: Perpetual Protocol is a decentralized Perpetual contract Protocol based on the Ethereum, V1 version of which uses virtual AMM (Vamm) pricing design, it realizes the perpetual contract trade without the liquidity provided by the market maker and the counterparty of the market maker. Given the huge potential of the futures exchange circuit itself, the PERP has certain advantages and has the opportunity to occupy a larger share of the decentralized futures trading market in the future, and it is possible to show a unique advantage in the perpetual contract trading of the long tail.

Consider entering a position above $3.50, reducing your position to close at $9, or placing a portion of your position over the long term. Strictly control low position, do not support heavy position and other irrational behavior.

2.SXP(Swipe)

Concept: payment

Market Value in circulation: 121 million USD

Current price: 1.2 USD

Highest ever: 5.94 USD

Lowest ever: 0.16 USD

Opening Price: 0.2 USD

First release: August 27,2019

Market cap rank: 114

Opinion: Visa Debit card based digital asset payment tool. Swipe itself is an unmanaged digital wallet that supports payments in multiple tokens and promotes its Visa debit and credit cards based on the wallet app, swipe developed the cryptocurrency debit card that currency security launched in Europe. After the July 2020 purchase of Bi'an, Swipe launched its DeFi ecological plan, which will expand in three areas: decentralized governance, exchange agreements and pledges, the swap and staking products are not yet marketed. Its main business is still wallet payment and payment cards, the main risk lies in the regulatory policy and the disclosure of wallet private key. After being acquired by Binance it develops toward DeFi direction, and decentralized governance can avoid policy risk, and at the same time, it can be an important link in Binance intelligent chain ecology.

Consider entering into a position above $0.90 and closing a position near $2, or a long-term allocation of some positions. Strictly control low position, do not support heavy position and other irrational behavior.

*The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of SparkDAO. Every investment and trading move involves risk, you should conduct your own research when making a decision.