Interview with Off The Grid & A Report on Cronos Chain

In This Issue

  • The team from Off The Grid, a AAA 3rd person shooter game gives us a run down on their play-to-earn economy
  • Matt has a report for you on Cronos Chain, Crypto.com’s network

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  • My latest portfolio updates
  • Rekt Capital has the latest technical analysis for you on the market.
  • Rebecca has all of the latest news for you.
  • Upcoming NFT drops
  • Defi Dad has a tutorial for you on how to earn 9% APY with ETHMAXY, a 3x stETH leveraged yield position
  • Jesse has a ton of hot new airdrops for you. 
  • Hot new token sales.
  • Rebecca breaks down this week’s trending coins.
  • Jesse has a deep dive for you on Ape Coin

And much more!

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Off The Grid Inverview

For anyone not familiar, what is Off The Grid?

It is a f2p AAA 3rd Person Shooter in the battle royale genre in Cyberpunk setting, NFT in-game assets with play-and-earn crypto economy.

What does your token do?

Here are some use cases for GUN:

  • Token utility inside the game
  • Character Customization
  • Entry fees for events and tournaments
  • Upgrade hideout
  • Buy and rent in-game NFT property
  • Staking
  • Influence Match rules
  • Build your Crew into MegaCorp
  • Trading NFTs

Can you share some game play footage with us?

The 1st reveal of the game will be at the E3 game conference.

How will you be using NFTs?

There are different NFT types. Validator NFTs earn commission from every decoded data cube in a game and receive royalties for every resale of NFT items decoded by your hacker. Validator NFTs are wrapped, have 5 rarity types, and contain GUN tokens inside.

All Data cube contents are NFTs. In particular these are Weapon & Character, Cosmetics, Animations, Properties (like luxury hideouts, space elevator suites, hacker rooms etc.). These will be available for trading/purchasing only on the secondary free market. We will also have Signed NFTs (think of NFTs digitally signed by Richard K. Morgan & Neill Bloomkamp).

What network are you building on and why?

The game economy network will be Avalanche (AVAX), because their technology best suits our tech needs, scales well, and most importantly, the platform provides very valuable support to projects that are built on Avalanche. But we are still researching every possibility that we have on the market.

Who are some of your biggest partners?

Coinfund, Animoca, Huobi ventures, Republic, Spartan, Morningstar Ventures, Shima Capital, Dominance, and many others.

Can you tell us a bit about the team? 

Our team are industry veterans with a vast range of experience having worked for major gaming studios like Sega and Ubisoft. They have worked on many well known titles including Total War, Rainbow Six, Crysis, Farcry, Assassins Creed, and many others. We even have Neill Blomkamp on board as our visionary director.

How the heck did you guys manage to get famous director Neill Blomkamp of District 9 fame on board?

He is not just “on board”, we are creating a new IP, a universe with a large world and narrative, of which he is one of the creators. Everyone in Gunzilla is thrilled with the new IP and feels like they are creating something different and unique. Neill personally invents the characters and the narrative just as he came up with his movies.

When can we expect to be able to purchase tokens for Off The Grid?

Private rounds are already sold out, IDO and IEO scheduled for April. 

When can we expect to be able to play the game?

Closed beta will be released in Q4 2022, will be available for the investors only, public release – Q1 2023.

Cronos Chain – Crypto.com by Matt

Interview with Off The Grid & A Report on Cronos Chain - - 2023

 You may have heard of the popular crypto exchange Crypto.com. This platform offers trading and DeFi (Decentralized Finance) services to users and they are well known for their popular crypto Visa debit card product. Since early 2021, they have made tremendous progress in terms of adoption, in part due to their high profile marketing initiatives such as their sponsorship of UFC, the 2022 FIFA World Cup, and Formula 1 to name but a few. Crypto.com already has over 10 million users, which they see as just the beginning of a journey towards onboarding 1 billion global users. 

<h3 id="what-is-cronos?“>What is Cronos?

Cronos is the first blockchain network that operates with both the Ethereum and Cosmos ecosystems, supporting DeFi, NFTs and the Metaverse. Cronos runs in parallel with the Crypto.org Chain which is a fully decentralized, open source blockchain with high speed and low fees. 

Cronos is a sidechain powered by Ethermint, a high-speed, proof-of-stake blockchain built on the Cosmos SDK, which is EVM (Ethereum Virtual Machine) compatible. It aims to massively scale the Web3 user community by providing builders with rapid porting of apps, smart contracts and assets from Ethereum and EVM-compatible chains. Built with IBC protocol, Cronos allows for interoperability and bridging to the Crypto.org Chain and interoperability with other IBC-enabled chains such as Cosmos Hub and Terra

Bridging selected assets on Cronos is very easy. There are a number of options including their Crypto.com app and DeFi wallet, Cronos web app, and the Crypto.org desktop wallet. The Cronos.org website contains detailed information on using each of these options.  

With a current TVL (Total Value Locked) of $3.4 billion, Cronos is already making a considerable impact on the DeFi sector, offering investors a new playground to earn yield, while enjoying low transaction fees and high transaction speed. 

Cronos’s base settlement currency is $CRO which is the native token of its parallel blockchain, the crypto.org chain.

<h3 id="the-$cro-token “>The $CRO Token 

$CRO is the native currency that powers the Crypto.com ecosystem with the following utility;

  • Payments: Crypto.com Pay, Crypto.org Chain and Visa debit card.
  • Trading: Crypto.com App & Exchange.
  • Financial services: Crypto.com staking rewards, Crypto.com Visa debit card rewards (earn CRO rewards based on card type and transaction volume) and Crypto.com Defi Swap. 

Current Market Cap: $10.5 billion

Circulating Supply: 25.2 billion tokens 

Maximum Supply: 30.2 billion tokens

The $CRO token can be purchased on the Crypto.com exchange and leading exchanges such as Coinbase, FTX and Uniswap.

<h3 id="wallet-support“>Wallet Support

In order to store, send or receive $CRO tokens, wallet support is available with the Crypto.com DeFi wallet, Crypto.org Chain desktop wallet, Metamask, MathWallet and Trust Wallet.

The $CRO token is also supported by Ledger.

<h3 id="ecosystem-tokens“>Ecosystem Tokens

VVS Finance ($VVS)

Interview with Off The Grid & A Report on Cronos Chain - - 2023

Also known as ‘Very, Very Simple Finance’, VVS was launched in November, 2021 and is the largest project on the Cronos network with a TVL of $1.34 billion. The platform is an AMM (Automated Market Maker) DEX (Decentralized Exchange) and offers a token swap service along with liquidity farming and staking pool options. The platform has a very clean, easy-to-use interface which helps to simplify the user experience.

VVS also has a token launchpad service called IGO (Initial Gem Offering). Single Finance was their first ever launch on January, 2021. More launches are planned, presumably when overall market conditions improve.   

The native token on the platform is the $VVS token. It can be used to deposit into farms/pools and acts as the primary reward token for yield farming activities. The $VVS token also acts as a governance token. 

As DEXs rank, VVS Finance is already the 8th largest DEX in the space. 

MM Finance ($MMF)

Interview with Off The Grid & A Report on Cronos Chain - - 2023

MM Finance (Mad Meerkat Finance) is another major player in the Cronos ecosystem with a TVL of $1 billion. The platform is an AMM and DEX (Pancake Swap clone) that offers fee rebates via trade mining. MMF has the lowest trading fees on the Cronos chain and were the first to introduce POL (Protocol Own Liquidity) into their ecosystem. POL sees a portion of trading fees used to buy back the $MMF token and adds MMF/CRO LP to the METF treasury. 

MMF offers high yield farms such as the MMF/CRO option which is currently yielding 305% APR and the MMF/USDT farm which is offering 342% APR. There is also a range of pools where users can single stake their $MMF tokens to earn yield such as the MMF pool, which is currently offering a 121% APR. There are also Vaults, including a yield optimiser called MMO (Mad Meerkat Optimiser) which auto-compounds earnings to maximize rewards for users.

The native token on the platform is the $MMF token which can be used to deposit into farms/pools and acts as a reward token. Users can also spend their $MMF tokens to participate in new projects via their launchpad service. 

In addition, there is the $MMO token which is minted and utilized in the MMO and acts as a reward token for the yield optimiser.

MM Finance has grown rapidly in recent months and if this trend continues they are likely to overtake VVS Finance in terms of TVL in 2022.

Tectonic Finance ($TONIC)

Interview with Off The Grid & A Report on Cronos Chain - - 2023

Tectonic Finance is a decentralized, non-custodial algorithmic money market protocol. Users can deposit assets to earn passive income or borrow against funds to unlock liquidity. Funds deposited by users are provided as liquidity to borrowers, who may borrow at variable rates. Tectonic Finance currently has a TVL of $540 million which makes it an important part of the Cronos ecosystem. 

Users can deposit popular crypto assets such as USDC, USDT, WBTC and WETH, to name a few. Yields are modest, but so are the borrowing rates which can be as low as 3%. The platform has a very easy to use interface and there are plans to add more utility in the future, such as a leveraged yield farming service. 

$TONIC is the native token of the platform and can be used to stake to earn rewards in the Community Insurance Pool and acts as a governance token.

Final Notes

Thank you so much for your support, and I truly hope that today’s issue will give you insights needed to help you master your wealth.

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See you next time!

Lark and the Wealth Mastery Team

Legal Disclaimer

TCL Publishing ltd (director Lark Davis, owner of Wealth Mastery) is not providing you individually tailored investment advice. Nor is TCL Publishing registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. TCL Publishing is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

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Join the Wealth Mastery Investor Report

By Lark Davis

Combining cutting edge insider insights and done-for-you market analysis to deliver crypto investors the best opportunities to grow their wealth, stay ahead of the curve, and avoid costly mistakes! We cover DeFi, NFTs, Altcoins, Technical Analysis and more! 

Join the Wealth Mastery Investor Report

By Lark Davis

Combining cutting edge insider insights and done-for-you market analysis to deliver crypto investors the best opportunities to grow their wealth, stay ahead of the curve, and avoid costly mistakes! We cover DeFi, NFTs, Altcoins, Technical Analysis and more! 

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