FMA Crypto Portfolio: Trade 10 Options 8/2/2021

The second investment is being looked at is BTC. We need YOUR participation to decide on what stays and what goes. The poll is now live on our Twitter and will be up until this Friday 8/6/21.

https://twitter.com/finmemeassoc/status/1422217402264207364

Investment Options:

Bitcoin (BTC) — the first cryptocurrency with a market cap of $745.9B (as of 8/2/2021). The goal of BTC is to enable global peer-to-peer transactions that are secure, anonymous, cheap, and most importantly — decentralized.

Bitcoin Cash(BCH) — a fork of Bitcoin, Bitcoin Cash’s goal is to add more transaction capacity to the network. The more capacity would allow for BCH to be useful in everyday transactions. It currently has a market cap of $10.5B (as of 8/2/2021).

Maker (MKR) — an Ethereum token, the Maker system is used to generate DAI (a stable token). The MKR token, apart from generating DAI, is also a governance token to vote on the risk management and business logic of the system. It’s current market cap is $3B (as of 8/2/2021).

Uniswap (UNI) — an Ethereum token that powers Uniswap, an automated liquidity provider. There is no orderbook or central facilitator, instead tokens are exchanged through liquidity pools that are defined by smart contracts. The current market cap is $13.3B (as of 8/2/2021).

FMA CRYPTO PORTFOLIO:

A live view of our portfolio can be seen on CryptoCompare here. The portfolio is fully invested and we will sell another chunk of Ether to purchase the most voted cryptocurrency from the poll. If you need an update on the rules, please find them here.

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