Today I prepared an article about tokens that are in check list for BlackRock tokenisation project. For now it is only a speculation about tokens we know that BTC and ETH are already in their radar but anyway it's better be ready then sorry.
Asset management giant BlackRock (BLK) officially unveiled its tokenized asset fund on the Ethereum network on Wednesday.
The BlackRock USD Institutional Digital Liquidity Fund is represented by the blockchain-based BUIDL token, is fully backed by cash, U.S. Treasury bills, and repurchase agreements, and will provide yield paid out via blockchain rails every day to token holders, according to a press release
Securitize will act as a transfer agent and tokenization platform, while BNY Mellon is the custodian of the fund's assets, BlackRock said. Anchorage Digital Bank NA, BitGo, Coinbase, and Fireblocks also participate in the fund's ecosystem
While specific altcoins have not been officially disclosed, speculation includes prominent names like Bitcoin, Ethereum, Cardano, Elrond( EGLD), Cosmos(ATOM), Aave, and Uniswap(UNI)
I already post articles about BTC, ETH and ADA so I will not introduce them in this article but you are welcome to read about them after you finished with this one but for the others I prepared some information about them just so that you get familiarised, entry levels and my exit strategy. As you know we will deal with big player in this occasion and they are always paying themselves and as you should do to
What Is MultiversX (EGLD)?
MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost
MultiversX is governed and secured through the EGLD token. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators participate in the consensus process
As always in green are my entrys and in red is points where I will take a bit liquidity of this project
What Is Cosmos (ATOM)?
In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains
The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry
For full disclosure I don't own any ATOM for now but since I heard that information I will put some money in and have a little exposure
What Is Uniswap (UNI)?
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading
Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges
Although they are in lawsuit with SEC I am still a big fan of this decentralized exchange (DEX) and I think that after they won we will see a big explosion of price and have nice gains
Aave Explained
Aave is a decentralized cryptocurrency platform that allows users to borrow and lend crypto. Aave uses smart contracts to automate the process, with preset rules on how funds are distributed, how collateral is handled, and how fees are assessed
Aave specializes in overcollateralized loans, meaning that users will need to deposit crypto worth more than the amount that they wish to borrow. This protects lenders from losing money due to loan defaults and allows the Aave protocol to liquidate the collateral if it drops too much in value
You can read and learn more about this lending platform in this link https://aave.com/
I think that this project and UNI have the biggest potential in the future. If nothing else they already have infrastructure in place and it is just a matter of time when people will start using it again
Hope you enjoyed the reading. Tell me if you heard any other information about what projects is BlackRock interested in
Stay safe trade well and always pay yourself specially if you have big player against you. Don't want anybody to be his exit liquidity
Happy holidays and Mad love and respect #BLACKROCK #BTC #ETH #AaveProtocol #EGLD