SparkDAO

Posted on Feb 08, 2022Read on Mirror.xyz

SparkDAO Spot Strategy | Crypto Investment Research Report 220207

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 article is only a personal subjective opinion, does not promise any income, assumes no legal liability, and does not constitute any investment opinion.

This issue focuses on 2 projects, FXS / FTM, and the key analysis project is FXS.Frax Finance (Frax), formerly Decentral Bank, is a score algorithm stablecoin protocol.Frax is an open-source, unpermissive, full-chain protocol, currently running on Ethereum (possibly across the chain in the future).The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized algorithmic currency, replacing fixed-supplied digital assets such as the BTC.The FRAX is a stablecoin and aims at around $1 / dollar.Frax Shares (FXS) is a governance token that can accumulate fees, seizure revenue, and excess collateral value.

1.FXS(Frax Share)

Concept: The algorithm is a stablecoin

Circulation market value: 150 million USD

Current price: 20.73USD

Historical high: 43.51USD

History lowest: 1.51USD

Opening price: 10.5USD

First release time: 2020-12-21

Market value ranking: ——

View: Frax Finance (Frax), formerly known as Decentral Bank, is a score algorithm stablectoin protocol.Frax is an open-source, unpermissive, full-chain protocol, currently running on Ethereum (possibly across the chain in the future).The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized algorithmic currency, replacing fixed-supplied digital assets such as the BTC. The FRAX is a stablecoin and aims at around $1 / dollar. Frax Shares (FXS) is a governance token that can accumulate fees, seizure revenue, and excess collateral value.

Above $20 to consider the intervention to build a position, $25 near the consideration to reduce positions to stop the profit, can also consider the long-term allocation of some positions.Strictly control low positions, do not support heavy positions and other irrational behavior.

2.FTM(Fantom)

Concept: public chain

Circulation market value: 5.889 billion USD

Current price: 2.31USD

All-time high: 3.47USD

History lowest: 0.0017USD

Opening price: 0.016USD

First release time: 2018-10-29

Market value ranking: 26

View: Fantom is a high-performance public chain based on DAG technology and supports smart contracts. Fantom's vision is to build the best consensus framework and tools for developers to build interoperable DeFi products. Blockchain triangle dilemma is a known trade-off of distributed ledger technology center, that is, trade eoff speed, security, degree of decentralization.In this triangular dilemma, it is impossible to optimize three without a cost.Bitcoin, for example, achieves strong security through consensus protocol and decentralization, but also abandons speed. Fantom is a new smart contract platform developed based on the directed acyclic graph DAG, aiming to solve the scalability problem in the existing public distributed ledger technology.The Fantom addresses this problem with the aBFT asynchronous Byzantine fault tolerance (asynchronous Byzantine Fault Tolerance).

$2.3 to build a position, $2.8 near to reduce positions to stop profit, can also consider the long-term allocation of some positions.Strictly control low positions, do not support heavy positions 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.