I bought some Double Zero & Plasma today. It's a new coin and has seen a significant drop, but I think there's one thing that sets it apart from other coins.
Double Zero $2Z
- It has received a lot of criticism for its terrible tokenomics, and the price has been stuck since its listing, but I decided to buy it for the first time today. In fact, I've been interested in this project since before it launched because it focuses on the network itself rather than being a ‘chain that doesn’t exist’.
The tokenomics are the worst, and Jump sold some of the unlocked 5% on the first day of listing. This aspect doesn’t look good, but it claims to increase the bandwidth of existing blockchain networks and reduce latency (IBRL). In the Solana camp, Jito was introduced to solve network efficiency and MEV issues, but using a fiber optic network for physical processing is something I haven't seen before, which I think gives it a unique edge.
I think the most important thing is whether Jump will make additional sales or not. There won't be any more released amounts until October 2nd next year. I plan to refer to Wallet 1 | Wallet 2.
Plasma $XPL
- I was also very interested in this one even before its launch. Even if the coin market crashes like today, the supply of stablecoins continues to increase as long as the market persists. There hasn't been a solid infrastructure in this sector, which is only getting bigger.
Of course, there are fast L1s like Aptos, Solana, and Sui. But rather than speed, it seems worth focusing on who will be the rails for the stablecoins that Tether is trying to promote.
In the DeFi space, it might seem like a big mess since it's in the early stages of launch, but it’s already the 5th ranked chain by stablecoin market cap and the 4th ranked chain by Tether circulation. Tether has also incubated it directly. So ultimately, despite its poor performance, I still think it’s a good project as a new chain specifically for ‘stablecoins that don’t exist’. I want to say it’s just a global stablecoin network born on top of a blockchain.
I haven't been posting much research lately, but thinking back, I feel like my coin power was highest when I was doing that, so I’m planning to do it again. But this isn’t a buy/sell recommendation, so just take a look and move on.
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