1)L1's $AVAX, $FTM, $DOT and $SOL all rose from the ashes of the bear market.
There's one L1 that survived the bear market,
has a mcap of <375m USD,
will launch its mainnet in 30 days,
and is the only L1 that has a unique focus on the metaverse and gaming.
Chromia $CHR
There's one L1 that survived the bear market,
has a mcap of <375m USD,
will launch its mainnet in 30 days,
and is the only L1 that has a unique focus on the metaverse and gaming.
Chromia $CHR
2) Chromia was build from the ground up by ChromeAway, founded by @perelmanor, @hankhero and @killerstorm. Each of these individuals has a rich history in the crypto industry. You may have heard of the first token on a blockchain Coloured Coins, founded by @killerstorm in 2012.
3) ChomeAway has been selected to be part of the European Blockchain Services Infrastructure (EBSI) initiative as one of seven companies. They also have been a strong advocate for sustainable blockchain solutions.
4) So what is Chromia? Chromia is a full-fledged blockchain uniquely positioned for games and the metaverse. Back in March 2021, the first game @MyNeighborAlice developed by award winning studio @antler_interact launched on @binance launchpool.
5) Currently, @MinesOfDalarnia - a NFT based play 2 earn game - is being held on @binance launchpool (there seems to be a habit of $CHR ecosystem things being on Binance....coincidence?).
$DAR trading at 150x
$DAR trading at 150x
6) Let's dive in deeper into Chromia to understand why game developers prefer Chromia. Chromia is both a seperate L1 layer solution, but also a L2 layer for Ethereum through an easy-to-use bridge of Tokens and NFTs. Developers can quickly transfer their solution over to Chromia.
7) There are certain features which sets Chromia apart from other L1's and make it especially suitable for gaming:
a) Flexible dapp fee for developers
b) New Token Standard: 'Originals'
c) Chromia GRA - Gaming Interopability
a) Flexible dapp fee for developers
b) New Token Standard: 'Originals'
c) Chromia GRA - Gaming Interopability
8) a) Flexible dapp fee structure
As everyone is aware, fees are a major bottleneck for all gaming applications where small frequent transactions take place between gamers. Chromia allows a developer - by staking $CHR - to provide zero fee transactions to its users.
As everyone is aware, fees are a major bottleneck for all gaming applications where small frequent transactions take place between gamers. Chromia allows a developer - by staking $CHR - to provide zero fee transactions to its users.
9) b) New Token Standard: 'Originals'
Originals will be tokens on the Chromia network and have special properties. They are specifically suitable for NFTs.
- Originals can be designed such that a character NFT can wear (or otherwise possess) other NFT objects.
Originals will be tokens on the Chromia network and have special properties. They are specifically suitable for NFTs.
- Originals can be designed such that a character NFT can wear (or otherwise possess) other NFT objects.
10) - Originals can start with initial conditions that change as in-game events occur (e.g. use of a scroll). This can create more nuanced in-game economies and enhance the rarity of objects that are ‘used up’ over time.
11) - Originals are programmable. E.g. NFT’s can fused together to form new NFTs and can be used for e.g. crafting in-game.
12) c) Chromia GRA - Gaming Interopability
This is a operability native to the Chromia protocol which allows games to communicate with each other. To start with, GRA will be initially enabled between two games – Mines of Dalarnia and Krystopia: Nova’s Journey.
This is a operability native to the Chromia protocol which allows games to communicate with each other. To start with, GRA will be initially enabled between two games – Mines of Dalarnia and Krystopia: Nova’s Journey.
13) Besides the technical properties of Chromia, the comparable market caps between $CHR and other L1's are screaming $CHR is undervalued. On average there is a multiplier of x76 difference between the blue-chip L1's and $CHR. See the table below.
14) Furthermore, if we compare the protocol mcap of $CHR compared to the games that will run on it such as @MyNeighborAlice which has a market cap of 240M USD and FDV of 1.4BILL USD, the underlying protocol seems undervalued.
15) The mainnet end of November is the main catalyst for $CHR and I expect $CHR to do incredibly well both leading up and after the mainnet event. As mentioned above:
- Game developers need to stake $CHR for zero fees.
- $CHR will function as the currency within the games.
- Game developers need to stake $CHR for zero fees.
- $CHR will function as the currency within the games.
16) The above use-cases will result in an organic demand of $CHR by various game developers to stake, which in turn will increase the price.
I hope you now have a good idea why $CHR is my biggest bag and why it has all the right elements to do a $SOL run. WAGMI.
I hope you now have a good idea why $CHR is my biggest bag and why it has all the right elements to do a $SOL run. WAGMI.
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