Hello crypto lovers, today we are going to talk about Cardence ($CRDN) and why I am investing in this project for a long term hold. This is only my opinion, and is not intended to be financial advice.
Cardence is where Cardano projects commence (start). Cardence is a multi-chain IDO launch pad that is going to revolutionize the start up game with affiliate marketing, nurturing of the project, smart chains, and more. The Cardence Incubation Program is custom made to help idea stage projects successfully launch while being nurtured in every possible way. Let's get in to it.
Cardence will bridge to Cardano chain after the Alonzo Hardfork on September 12th, 2021, and this project will work directly with future Cardano start ups, but Cardence is multi-chain so they are not limited to only Cardano projects. This is great news for investors as Cardence will be working with start ups on more blockchains than any other IDO launchpad. NFT start ups will also be included in this.
Cardano
KuKoin
Binance Smart Chain
Solana
Ethereum
Polygon
Chainlink (to be announced soon)
This is the part that has me really excited about this project. The total supply is only 50 million tokens. If you understand how market cap/total supply effects the price of a coin then you fully understand my excitement here. This means once all tokens are in circulation, a market cap of only $50 million would mean $1/coin. From there, the cost per coin would only go up. Anything under $500 million market cap is still considered a micro cap coin in the crypto world. With a project such as this, I truly believe this could easily be a coin that reaches a market cap of $500 million in time. With great work and a little luck, this project could end up with a market cap in the billions of dollars. It would not surprise me at all, especially with more people starting to invest in to crypto currencies.
If the limited supply of tokens wasn't enough to excite you then check this out. Staking is available with a minimum of 4k coins. Staking allows you to invest in start up projects that are in the process of launching from Cardence. This is excellent news as those who stake are getting first opportunity to purchase pre-sale from the start ups (through staking). These are always the cheapest prices so as an investor you have the opportunity to get in early with future companies before the rest of the general public. This is an amazing opportunity to find new opportunities for a great price. The staking details are supposed to be announced sometime this week, but what's not to love? Stake your Cardence and while it's gaining value you get coins from start up companies, thus growing your portfolio of companies with amazing potential. To me, this is a no brainer. As of this writing, you can get 4k $CRDN for less than $600. This could be an amazing opportunity with insane ROI over the long haul.
Cardence ($CRDN) can currently be purchased from both BitMart and Pancake Swap, but is going to be added to the Gate.io exchange sometime within the next week. I fully expect the prices to rise after hitting the Gate Exchange, but I guess we will find out soon.
Please let me know in the comments what you think about this project, or if you have any other new projects for me to check out.
