I am really bullish on the long term prospects for Project Serum, which is built on the Solana blockchain, which I have a small position in also. The developers are really ambitious, just listen to this Unchained podcast if you want to know why: unchainedpodcast.com...thereum-with-serum/. They are really focused on building a L1 chain solution that can provide the level of throughput necessary to build Visa-scale solutions. As such, they are designing their system for hardware that is still two years out. I looked into building a validator node for it, but the hardware requirements are very, very, steep. Plus you're talking about ~$30 million USD worth of Serum tokens.
And I don't think you need to worry about dilution anytime soon. 90% of all tokens are in a SEVEN YEAR lockup. Only 10% are unlocked the first year: projectserum.com/blog/srm-supply.
While I haven't had time to look at the code from a developer standpoint, I'm really, really impressed with what I've seen so far, so I'm opening a position. My current entry criteria is the TD Sequential, and I'm setting a rather tight stop here based on a downtrend support.
And I don't think you need to worry about dilution anytime soon. 90% of all tokens are in a SEVEN YEAR lockup. Only 10% are unlocked the first year: projectserum.com/blog/srm-supply.
While I haven't had time to look at the code from a developer standpoint, I'm really, really impressed with what I've seen so far, so I'm opening a position. My current entry criteria is the TD Sequential, and I'm setting a rather tight stop here based on a downtrend support.