I like to have fun and I like to do experiments. That is why the IP Address Guide has made an experiment, and I am of course a part of it. What was it all about? There are just so many OlympusDAO forks out there, but not all of them will survive and not all of them have great teams working in the background. So, just like you probably had several other guys trying to do the same as Ray Kroc and Colonel Saunders back then, most of them didn't make it, while KFC and McDonalds became big... the same will happen with the OHM forks.
But, which are the best forks? Is it #JADE or maybe #TIME? Or what about #FORT and #SNOWBANK?
In the most recent article in the IP Address Guide, we decided to write some words about 11 of the most popular and famous forks. But, that isn't all we did. We also invested $1000 in each of those forks and now we will just wait and see what will happen.
Updates coming weekly...
Every single Wednesday we will update the article and present in what way the tokens have grown in number (because of the APY/rebasing), and we will also present the value of the investment. This is a high-risk project in itself considering that most cryptos are falling in value, and especially those offering passive income with crazy APYs. So since the experiment was launched, 10 of the 11 currencies included have dropped in value, with one exception, and that is Jade Protocol on BSC. This has grown in value, most likely because of their promised airdrop to those with diamond hands (meaning that they buy tokens, stake them, and never sell).
Are you interested? Would you like to read more about the experiment and follow the results? You can find the full article comparing JADE vs. TIME vs. SPA vs. FORT vs. GYRO vs. SB vs. HEC vs. PAPA vs. KLIMA vs. WAGMI vs. TAC right here by clicking the link.
This is gonna be interesting, not just for you, but also for us.
Price doesn't necessarily mean that a project is good.
This is important to understand. It isn't necessarily the project with the highest gains in one month that makes the best project. But, if Christmas and December will be a red month for these protocols, there will for sure be angry investors, and that will also show the hearts and the spirits of the teams actually working with the different protocols.
KlimaDAO is a favorite of mine, but it is just dropping in value like crazy. It doesn't mean that it is bad, in fact, it has a great team working continuously with the platform, so even though it might produce negative numbers doesn't mean it is bad. There are also lots of projects with green dildos and great numbers that are straightforward Ponzi schemes. But, people love to be fooled and invest in junk, so that is why it is important to understand that price action doesn't actually make a project good or bad!
Thank you for reading this article, and I hope you will pay attention to the experiment and check the article above as well!
I have placed a bookmark on this article, because I am curious to see how this will grow, and whether those APYs can help you, especially seeing that the market is so red and most of the DAOs are dropping a lot in value.
Wow, feels quite depressing, but the project is so far in a big minus as almost all the forks have dropped at least 20% in value since the start, but the finish it what matters. No matter what, interesting to see that the forks are dropping (with the exception of JADE), but the original, OHM, seems to be the safe haven so far!
Will you post more updates in the future about this? It will make it easier to follow the progress of the experiment!