this is definitely a unique approach to shitcoining.
maximizing exposure using one coin to be allocated to the markets in general.
very interesting approach, look forward to it
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This is an interesting outlook on Defi with providing some form of asset management that people would seek, it is important to widespread adoption to have these solutions available. That being said, I did find it weird how you guys seem to have been a part of every big Crypto development that’s basically ever happened on BTC, ETH and SOL.
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Very interesting concept. I am keen to see how the team will keep good liquidity across the pools on all the various chains.
Will be looking forward as this scales
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This team, with its market experience and network connections, is greatly positioned to succeed with such a product. The trust/transparency/security is all there, every asset purchase on-chain, multiple cycles of trading experience under them, have helped build multiple other projects over past 3 years, long term vision for growth, plan for both bull and bear market cycles, providing/joining liquidity across 8 chains already as a native token, community/education focused, EC group of mega hitters supporting them, the list goes on. I can’t think of any project before them that has delivered as much in only 4 weeks. Excited to see what is built here and how big it can get with adoption.
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Really interesting project here. I like what BSKT has already shown pre-launch, I would be a buyer at launch.
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Great question. Sorry for the delay, been busy on the airdrop mechanics.
We manage the treasury that sits behind BSKT, collecting fees from pools, fees from cross-chain swaps, profits from trades, early seed round investments to new projects to get token allocations and tracking the market movements & rotations.
The Dapp will allow you to choose different investment vehicles and concentrate your returns from specific baskets too.
The project is only 5 weeks old, so we’re building the plane as we’re flying it. We’re just wrapping up the build of the vesting portion of the site.
Treasury came from early contributors and the team. We’ve all bought in to seed the treasury with the initial capital and have grown it over the last 5 weeks based on acquisitions. We’ll have more metrics soon for this. Designing the best way for it to look currently.
We won’t be taking any funds for management. Too much complexity. Much simpler with a token. You’re essentially allocating to BSKT already for the team to drive return to token price.
Essentially you’ll be able to acquire BSKT, on any wormhole supported chain and decide what exposure you want to different baskets of assets. Than can be SOL ecosystem exposure, ETH exposure, BSC exposure, Commodities exposure etc. Think of all the things you can make up a basket of assets with.
We’ll then have an interface to allocate your BSKT to particular baskets of assets, or the entire portfolio or even to a single asset.
So as a crypto participant, you don’t need to move funds from SOL to ETH to get exposure, you can get BSKT on SOL, go to the site and say “allocate these BSKT tokens 100% to the ETH ecosystem” while seeing all the assets we’ve procured in that basket, weightings, prices etc
Hope that helps
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Wouldn’t saw we’re part of every big crypto development, we’ve transitioned between communities over time. 10 years is a long time in this space, especially when it’s been so relatively small. Most participants in 2022 will say they were here for FTX.
Anyone with any size would have traded on Gox for BTC.
The ETH fork from the DAO hack was the biggest thing that happened on ETH creating ETC. We’d be skeptical of people that say they were around then but didn’t know anything about it.
We’ve been around the SOL ecosystem since it’s inception.
Again, small relative community and was just happenstance because we decided to use FTX as an exchange in 2020
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could you share how much in USD the portfolio started with? trying to get a sense of how big it can grow, strategy limits and if it’s like a closed end fund?
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As you’ve already stated, this platform would appeal to both novice and advanced crypto users as it will take some of the volatility (due to it being a basket of tokens and coins) out of the crypto space. It is a great way to start in crypto, and for myself, a more advanced user, it offers another string to my bow within my portfolio. I like how you outlined how it started, you list of partners, supporters and collaborative efforts. I would definitely consider using a pairing of Bskt to a number of different assets, e.g. in Meteora. There are solid concepts here and strong plans for growth. This is a good project for the LFG launch pad.
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Again and Again we need to not only make the whole process of crypto easy for the new people,
anything that does that is a +
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For someone who work 50-60 hrs of week doing labor intensive work, and has kids……this sounds like it beats trying to constantly stay ahead by doing the research needed in these fast times……obviously do your own research but I think this has a decent use case
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very interesting project.
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After 30 March can we still claim the reward?
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very good work for BSKT!lfg
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OK. How much money are you guys managing right now? You are essentially talking about an ETF style product? Show me your wallets so I know you guys know how to trade. If you guys can do that I’m in.
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Portfolio started with $30k USDC. Currently sitting at $1.3m
Appreciate the message and apologies for the delayed response, there’s been a lot of travel the last couple of weeks.
We’ve been pairing on meteora with all the assets we’ve acquired. We’re up to about 25 dynamic pools at the moment
You have 7 days after the end of the vesting date to claim the airdrop
About $1.3m across all of the wallets. We’re in the process of creating a dashboard currently to show the wallets and activity. Will share when it’s complete.
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