Member Info for ragnarr

Dark - :-)

Very encouraging that Lots of Development going on in readiness for the next bull run. Polkadot head the L1 defi chains
https://finbold.com/top-10-cryptocurrencies-by-github-development-activity-as-of-january-2023/

Blu : Pendulum mainnet launch projected for FEB along with Spacewalk and the PEN and AMBR TGE - so thats when a Pendulum initial valuation of sorts can made. But that is really only the beginning of the journey. From a financial point of view the current state of the crypto ecosystem will not be conducive to a high valuation as all altcoins/tokens are at all time lows.

Crypto is now intrinsically linked to the macro financial world so the next crypto bull run is in the hands of government policy (FED rates, FOMC etc)

My personal view is now is the time to accumulate your chosen stocks/cryptos as we seem be be around the bottom, although cryptos could fall further yet. These opportunities only come round every so often.

In the meantime there is lots of background work going on at Pendulum so the time is being used well.

DeFi and Traditional Finance: A Match Made in Heaven?
https://pendulum-chain.medium.com/defi-and-traditional-finance-a-match-made-in-heaven-fbcd56ae7e04

Oh and Pendulum made news on Yahoo finance
Pendulum Sets Fresh Record for Fastest Parachain Crowdloan on Polkadot
https://finance.yahoo.com/news/pendulum-sets-fresh-record-fastest-230000480.html?guccounter=1

Digital asset regulation/adoption getting closer - Israel ahead of the Game.
Israel's financial regulator proposes crypto inclusion to securities law
https://www.theblock.co/post/199076/israels-financial-regulator-proposes-crypto-inclusion-to-securities-law

Bobsson - re review - apologies but super busy at present - will try to find time in next few weeks.

Interesting that both spheres of growth relate directly to Dynasty and Pendulum ;-)
https://thesis.neworder.network/

Looking Forward

Despite the serious setbacks to our industry, our outlook for 2023 is optimistic. While mercenary capital has taken its toll on our credibility, we also have an industry full of devoted builders with substantial sweat equity being invested into this burgeoning Web3 world. These are the actors we call visionary capital, the ones still building while most of the industry speculators have left. The ones investing their long-term efforts to bring Web3 to the cusp of breaking irreversibly into daily life. We believe that 2023 is the year of visionary capital, and the year when cryptocurrencies transition from speculative investments to core components of a society built around Web3.

To some extent, this transition is already underway. Between DeFi protocols integrating with the traditional financial system, DAO treasuries accumulating real world assets, and legacy gaming companies breaking into Web3, one of today’s emerging narratives is the blurring of lines between decentralized solutions and the real world. This process will only continue, and 2023 will likely be the year Web3 projects gain traction into the mainstream.

2022 has been a pretty catastrophic year for the crypto space but every bear market provides huge opportunities when it turns. 2023 (in my view) should see that turn, probably not during the first half, but crypto accumulation has already started and Q3 onwards should see the tide turn with new ATHs reached again in 2024/5. So the next period is the time to stake your bets.

New Order Network is a Ethereum based venture DAO incubating DeFi startups and they have produces a 2023 Crypto Thesis. It is mainly Ethereum based but I thought this extract might be of interest.

https://medium.com/pendulum-chain/pendulum-wins-polkadot-parachain-in-3-minutes-dfc206ed01ce

Blu - dont hold your breath - market conditions certainly do not favour an IPO at present.

This message to the unlucky ones.

@everyone Message from Daniel Kisuk, CMO of Pendulum:

A message to the Pendulum Community,
We would like to express our sincere gratitude for your support throughout this past year of our vision, mission, and technology. Your belief in what we are striving to achieve means a lot to us.

We are very grateful for everyone’s contributions to our successful Polkadot crowdloan, which will officially conclude later this week. Reaching auction hardcap with the highest $DOT contribution in the ecosystem since May 2022.

We understand that many of you were not able to participate in the crowdloan and that this may be frustrating. Many of you got on the waitlist and had your DOT ready but could not participate in time.

While we have no control over the outcomes, timings, or participants in the Polkadot auction, we do have control over reward programs.

To show our appreciation, we plan to announce new community reward programs for our early supporters and waitlist participants to benefit from before the PEN TGE (token generation event) projected for February 2023.

We value our community and early supporters and are always here to listen, collaborate, and improve as we move forward together.

Thank you,
Pendulum CMO, Daniel Kisuk

Interesting that the main reason the Auction cap 300k DOT) was reached so quickly because 1 contributor alone stake 230,000 DOT - thats the best part of 1m USD staked. Someone with pretty deep pockets is very keen on the project and lots of other potential stakeholders lost out (myself included)

Meinhard tweeted today.

i did some digging. yesterday's @pendulum_chain parachain auction was the fastest to reach its cap, ever. top 5:

pendulum (300k dot): 3min
mangata (14k ksm): 1h
aventus (200k dot): 24h
oak (150k dot): 60h
genshiro (2k ksm): 64h

insane! thanks to all contributors!

Farantahir - All good points made :-)

fahantahir

BLU update 28th Sept

“ - It (Satoshipay) has successfully executed the first private presale for Pendulum and secured approximately 5.5 per cent of the future PEN tokens for services rendered.

“ SatoshiPay has successfully incubated the Amber AMM Project for which it has secured 5 per cent of its future tokens. Amber is a novel AMM design for low-risk, single-sided liquidity provision, significantly lower slippage and fees compared to other AMM designs”

farhantahir- Satoshipay will retain 5.5% of Pen tokens as well as 5% AMBR (Amber AMM) so,as and when those tokens ate tradable there is an immediate Market cap valuation. Having said that the current crypto market is no real place for valuations with some coins falling 70/80 % in value. For example Acala (one of the first Parachains) had a market cap of 600m in March - its down to about 75m today

The Crypto bear will turn to bull and I have no doubt new ATHs will be made and projevts like Pendulum coukd/shoukd be right up there, but we are probably looking Q2/3 2023 before that gets underway.
But this doesnt reflect the real future value of Satoshipay - DTransfer. Once Pendulum mainnet is live and Spacewalk is up and running Dtransfer growth should be spectacular. All Imo.

Blu - technically the Auction doesnt finish until 22nd Dec. Hashed Network are still in the auction carried over with 65kDot staked over the last week or so - Pendulum reached 300k dot IN TWO MINUTES - so its a foregone conclusion but probably no official announcement until then

Wow ! https://parachains.info/auctions/polkadot-33-39

AC Trader - Not here as much now as spending a lot more time trading crypto but still hold here and adding at these levels and certainly participating in the PEN crowdloan.

I am no coder so dont fully understand the implications , but there are actually lots of links to various other crypto/defi within the Pendulum repository coding. I am not bright enough to know the ins and outs, but they are clearly connecting within the ecosystem big time. To name a few others that crop up there.
https://www.joystream.org/
https://kulupu.network/
https://mathwallet.org/en-us/
https://www.gmordie.com/
https://terrabiodao.org/
https://www.kilt.io/
https://www.mangata.finance/

All bodes well for the future (imo)

Blu - yes Auction 35 runs 16th - 22nd Dec
https://parachains.info/auctions/polkadot-33-39

I honestly dont know exactly what this means but in the Pendulum-chain App repository the Debio network endpoint has been committed.
https://github.com/pendulum-chain/apps/blob/16f910505a96372d8eb0de328e2f8825ba9a395e/packages/apps-config/src/ui/logos/chains/debio.svg

https://www.debio.network/