Welcome to the gems series.
The first two parts were very well received by you - especially the second one, which was about Mainframe (MFT), the project fired up nicely and since I wrote about it, and now it was possible to gain over 500%. A very nice result, considering the fact that we are still waiting for the application and twitter (especially foreign) does not write much about this project yet. So in my opinion the MFT has not yet said the last word: D.
The first project in this series, Evedo ($EVED), is still standing still - but here we need to unfreeze the world economy, especially the event industry, to move the price up. So here is the prospect of months, if not years. (This first tekst about EVED is on my polish Medium). ( Few days ago EVED done over 300%)
Of course, these are not investment tips, but my thoughts and possible actions that I take on this market. I recommend everyone to do their own research and possibly invest an amount that will be safe for them and will not destroy their life situation or cause too much stress.
And now we're flying with another Gem in my opinion that can fire faster than later: D
https://www.coingecko.com/pl/waluty/rio-defi#markets
The market capitalization is under $ 17 million, the price is around 7 cents, and at the time of writing this article, the 489th place in terms of market capitalization according to CoinGecko.
As the project itself describes on its website - " RioDeFi is a Blockchain technology company. Our mission is to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance.
Our vision is a world in which everyone has access to decentralized financial (DeFi) services. To that end, we develop applications that connect people to digital assets, mobile payments, and DeFi services such as savings and lending. Our solutions enable lower transaction fees, faster confirmations, energy efficiency, secure storage, and global reach."
So we have another project from the DeFi trend. If you add to the fact that it is built on the Polkadot blockchain, it is almost half the way to success :D
The project wants to be a bridge between the crypto world and banks, the website talks about loans, so in part the project will be a competitor to Mainframe (MFT), so far they have the opportunity to buy Bitcoin on their website. Their wallet is currently available on the Chrome browser, we are waiting for the application for IOS and Android. From what I have read, they already cooperate with Chainlink and MantraDAO.
Will the project catch on? Nobody knows that, unfortunately. A lot depends on the application (and I did not find the date of its introduction). So far you can see that people have a positive approach to the project (82% of people on CoinGecko gave the project a thumbs up) and there were no big price movements on it yet - which I am personally very happy with;)
If you have been reading my texts for some time, you know that I think longer and like to have my funds secured in case the price drops: P. Here, stake comes to our aid - that is, keeping your funds on the platform or the stock exchange for a certain percentage. Returning to the staking of our project, it is possible on the Bitmax exchange at 50% per year with a minimum number of 50 coins. The disadvantage is that after deciding to withdraw staking - we will wait for your funds for 8 days. However, if someone thinks about a project long term, it shouldn't be a problem.
RioDeFi ($RFUEL) is a project that caught my attention some time ago. Now, after taking part of the investment out of Swingby, it has appeared in my portfolio. I am only after the first small purchases, but I will definitely want to buy it, because even if the price does not go up, I think that such a nice staking % will bring benefits in the form of earnings.
Short, concise and to the point. I do not have long technical analyzes - I am just writing what prompted me to buy this project and how I intend to make money on it - I hope that applications of this type will be accepted and there will be a place on the market for Celsius, Mainframe as well as RioDeFi, everything will stay anyway verified by the market :).
I am asking for like, follow and tips - it will help me spread my blog - and it is known that the more people read it, it is more motivation for me - I hope you also like the variety of texts I post. So thank you very much for your time to read this text and I invite you to the next ones ;)
Best regards.
Below is a link to the whitepaper and social media of the project.
Whitepaper — https://riodefi.com/Rio_DeFi_Whitepaper_English.pdf
Twitter — https://twitter.com/riodefiofficial
Facebook — https://www.facebook.com/riodefiofficial
Telegram — https://t.me/riodefiofficial
