Altcoins, Altseason and the markets picking right back up where they left off All Chico Crypto has to say is Very nice!! So today, we have a treat for you An altcoin smorgasbord episode, where I’m showing how to get involved with the projects of tomorrow today Because here at this channel, if you aint first you’re last So, it’s time for Chico Crypto!! Yes today, we are diving into the projects which aren’t known by the vast majority of the public, but give it some time, and they will be talked about across the airwaves We are diving deep beginning with the project who is the most public & the one you can get the most involved with right now! That is Linkpool, who just started trading & just a few days ago, got the token LPL on Coingecko!
Just listed, which means it’s discovering itself and price and the markets don’t really know how to take it, due to an unknown circulating supply But we understand LINKpool, we have for a long time Linkpool is hands down the leading Chainlink node service provider They run the longest standing and professionally managed Chainlink nodes they created Chainlink markets, the explorer for nodes and Chainlink price feeds So you can consider Linkpool, the robin to Chainlinks Batman They go hand in hand And Linkpool is allowing staking on their Nodes, even before Chainlink themselves It’s live Version 2 of the staking platform announced by the team last Friday So, let’s be the first Let’s learn how to stake LPL, and earn those sweet Chainlink rewards Going to the v2 staking dashboard, it easily connects to your Ether wallet, and then it tells you your balances, including what you have staked We personally have 0 staked as of now, but as we can see the contract address shows over 90 8 million LPL are currently staked That means at maximum just 9 2 million are out in the wild, on exchanges ready to trade Very NICE!
But now let’s do let’s stake! To stake, on the main dashboard page just click on the stake tab On the staking LPL page, enter the number to SEND, and thus received 1000 of the staking token LPLA Click stake LPL I always edit to fast, I hate stuck transactions, confirm it on metamask and if you have a ledger there too And then wait for it to confirm now we can see, we have 1000 LPLA, Link Pool allowance token, and 1795 LPL, and it shows the wallets staked balance below too No rewards, minimal activity but when we do have some activity and rewards, we can claim them on the claim tab and these staking rewards come in the form of Chainlink tokens! Yeah, I’m ready to start earning my LINK staking rewards, before Chainlink staking is released!
Linkpool allows it through their clever design But let’s dig a little more into this design Remember you get LPLA tokens, link pool allowance tokens when you stake LPL within a pool Well Linkpool put out a blog when v2 released, which dove into this In the section Staking allowances the team says “LPL token will still be required to gain a staking allowance on the LinkPool node Although it works completely differently today Now, when you stake into the owners pool, in return you will receive what we call “allowance tokens” or LPLA When you stake your LPL, you’ll receive an equal amount of LPLA To begin with, that will be the linkLPLA variant and once staking is released from Chainlink themselves you will stake your linkLPLA alongside LINK to gain access to the pool The more assets we support in staking that requires an allowance, the more allowance token variants we’ll mint So what does this mean Well the Linkpool team continues “An interesting aspect of this is that the LPLA tokens are ERC20, and you don’t need both LPL and LPLA to stake If you have a balance of LPLA, then you can use that to stake in the LinkPool node without first having a balance within the owner’s pool Yeah, using your linkLPLA tokens, to stake with another node once chainlink staking is live and running The team continues “Although it’s very important to note that to withdraw LPL from the owners pool, you need to provide all of your allowance tokens to unwind the LPL This creates a scenario where there may be both liquidity in the LPL and LPLA tokens, where one may opt to simply swap assets into LPLA to gain a staking allowance, with LPL holders needing to buy back any sold allowance to withdraw LPL out of the pool” So many cool DeFi scenarios coming with Chainlink staking, which the team expands on further in the blog in the section “Allowance Lending” They say “ Our new model will also support the borrowing and lending of any given allowance token This will allow individuals with more staking allowance than stakeable tokens e g, more linkLPLA than LINK to lend out their allowance to individuals with more of a given token than allowance As a reward to allowance lenders, allowance borrowers will pay a variable share of their earned rewards to lenders In this way, both parties earn yield on their holdings, increasing capital efficiency” So, Linkpool, staking is here in their Main UI, chainlink rewards, and it’s listed on Coingecko Linkpool, is new but, and undiscovered by the norms But it won’t be for long.
Now, let’s go a tad bit further down the Chico Rabbit hole, to a coin That’s not listed on Coingecko yet, but is a powerful, yet mysterious NFT project That is alchemist coin And minting those crucibles, is gonna be key, to your future in finding the philosopher’s Stone Why Well you just gotta go to their governance snapshot dashboard There are 2 importante proposals that were active as of yesterday Number 1, Make V1 Crucibles Limited Edition The proposal is overwhelming yes, and ended Today It proposed, that v1 Crucibles be limited to those using the terminal or Powershell AKA technical users Once the frontend UI launches, those users will get v2 crucibles using that interface The crucibles, are NFTS, thus having a v1, limited edition could be a valuable thing down the road Non technical users, who can’t use terminal and powershell you are out of luck for V1. or are you Remember there was a second important proposal gonig back to the dashboard, it’s “Include Alchemist farm users for v1 “Limited Edition” crucibles” Yeah, there is an easier to use, community built UI, alchemist farm.
Link #6 alchemist farm For minting the crucible, and they want those who have used this unofficial UI, included in v1 crucibles The snapshot proposal says “When making v1 crucibles “Limited Edition”, please also include Alchemist farm users who minted their v1 crucible on the website prior to v2 release It would be wonderful to allow anyone who has a v1 crucible to be given this opportunity, and it could help offset the initial costs of taking part in the project by owning a “Limited Edition” crucible.
Well howdy doody, I’m non technical, so Chico is voting yes with my tokens If you have alchemist tokens in your wallet, snapshot voting is a snap even with ledger Hopefully this proposal passes! Why Because Chico is minting with that but please understand it is community built, and the risks with using something like that!!
Obtain v1 crucibles with risk Or wait until v2 and the main UI The choice is who ever watches this video & theirs alone.
But, now it’s time to finish this video with a very, very unknown token, and the lead developer of Alchemist leads me to it It isn’t brand new, but it’s ethereum version isn’t live yet thus it isn’t on Coingecko or really trading! But the ethereum version is coming very soon!! So what did lead Developer of Alchemist Coin, Stephane, the gostep, tweet about He retweeted a post, about the power of blockchain middleware Blockchain middleware, like that stinky stinky LINK What middleware Well he specifically mentions the POKT network, posting a note about it He said “A note about Pocket network For a long time, ethereans have been thinking all transactions can be treated as equals It’s time to update your mental models There are two kinds of transactions: “inclusion” transactions and “priority” transactions Inclusion transactions care about censorship resistance Priority transactions care about position Pocket is a middleware for the mempool which guarantees censorship resistance Flashbots is a middleware for the mempool which guarantees priority positions Few So what exactly is Pocket Going to their website it says “DEPLOY ON DECENTRALIZED INFRASTRUCTURE-Pocket Network is a decentralized infrastructure API built for Web3 apps Deploy applications to a network of thousands of nodes that are coordinated by a trustless protocol and powered by POKT Oh ya baby, you can think of Pocket, as a decentralized Infura! What’s Infura some of you may be asking Well it’s Ethereum’s single point of failure, it’s what all dapps, devices, nodes connect too as of now, and in November it went down!! Taking down almost all of ethereum with it, dapps, wallets and the like including big exchange ethereum infrastructure People started to question Ethereum’s decentralization.
Well you don’t have to no more, because the Pocket Network is here! This tweet shows why The team said recently, the network has crossed 1 billion requests since launch, and over 2732 staked nodes It’s being used, and used heavily And then below it says wPOKT is coming q2 Wrapped pocket is coming, they have the landing page. but those who want to earn POKT right now you gotta become a node cough cough dapp node and avado users And of course my avado link is below! Cheers I’ll see you next time!
