A project to own in your spot portfolio.
Brain DAO
Current price 0.00906
Market cap $166 million
FDV $ 190 million
Circulating supply 87.5%
I have recently added IQ to my portfolio based on a few factors which include the project,current and possible future valuation and use case.
This is purely based on my research and ideas, I like to find legit projects that offer good potential for growth and profit and to me this is exactly that.
This is purely a SPOT investment idea, not short term entries.
Firstly,
My main concern when researching was that they can mint tokens but I found this decision is voted on by the community,not the project team, and is based on the staking rewards,halvings and inflation,it is done in a systematic way and the total token supply cap will always remain at 21 billion.(If you are a community member and I made a mistake please let me know so I can update)
My personal reason for investing,
People are pushing the AI decentralised narrative but currently we can’t compete with centralised AI because AI is evolving so fast.
We need the backbone and foundation to build on.
I feel projects like Brain DAO(tokenised as $IQ ) will be pivotal in the success of decentralised AI moving forward, this might not happen soon, we need the foundation to compete with centralised AI and I feel projects like IQ will be where the growth and foundation starts.
AI is the future but until we can compete with centralised AI there is limited use cases for Crypto AI projects, the hype is meaningless unless we get real world use and it becomes more convenient,secure and cost effective compared to centralised.
I would much rather be in early if you have the capital and patience to hold Spot for some time.
Overall I think IQ at the current prices offer a low risk investment opportunity that should offer good returns in the years to come, it also has the MC room for decent growth.
This is only my beliefs so please do your own research.
Peace ✌️
