Gm friends,
Welcome back to another Wealth Mastery Premium Investor Report.
Let’s get right to it!
Here’s what’s in today’s issue:
- My portfolio updates.
- Jesse has a deep dive on Mantra, the UnReal World Asset network.
- Sam has the top 3 NFT drops.
For any crypto related questions please comment on the website.
Buys and Sells
Quiet week this week. Just riding. Not much to report.
I delegated my Subsquid tokens to get some staking rewards.
I sold my Phemex Exchange tokens for USDT. It was never really going to be a long term play. Did the 6 months staking. Got the rewards. Now I am out.
I invested in the private round for Red Belly Network.
Open BUY and SELL Orders
(NOTE: You should never blindly follow my moves. I share these for educational purposes, not as signals for you to trade on)
BUY
- N/A
SELL
- GRAPE $0.06
- FOXY $0.052 (half my stack)
- Wormhole $2.20
- Kamino $0.15
- Mode $0.2
- Manta $5.5
- INJ $75 (about 20% of my coins)
- Zero $0.001
- Mojo $0.35
- FMC $0.0008
As a Premium Member, you have exclusive access to my updated portfolio. Click here to view.
Mantra – The UnReal World Asset Network
If you’d like to start at the beginning of Mantra’s journey, you’re welcome to catch up by reading my original 2020 Mantra DAO report. However, it’s not a requirement as the project’s already nuked all previous ambitions for the DAO. That is except for one portion that we’ll get into a bit later in the article.
For now, all you really need to know is that Mantra started on Polkadot as a DAO, deployed questionable marketing strategies, launched egregious tokenomics, and eventually failed miserably. Making today’s report more of a cautionary tale for those who still believe everything VCs post on Twitter (X).
What is Mantra?
Mantra is the reimagination of Mantra DAO. A pivot into the world of securing physical assets like houses, cars, and securities in the digital space. Mantra wants to become the first Layer 1 to specialize in catering to this new marketplace. Offering a place for anyone who would like to digitize their assets. Except there are a few problems with this.
For the past few years, Mantra has done little besides sell their token. With the majority of its founding members leaving the project after cashing the check. Both Will Corkin and Rodrigo Miranda moved on to SOMA Finance, defunct Rio Corp founder James Anderson moved on to Plutus, and Harrison Cheung left for DigiFinex. The only one who’s remained dedicated to Mantra is its CEO John Patrick Mullen, better Known to the Polkadot community as JP.
Another issue is that the project has provided no updates besides the expansion of staking validators.
There is no Mantra Network in operation or anything else that would resemble the promised objectives of Mantra. Even the Karma Points system that was previously sold to be the next big thing turned out to be a complete joke.
This is the same feeling you get when learning that Mantra Finance, offers no financial tools whatsoever. They say the project is for builders, traders, and institutions according to their website. But I do not see anyone trading, building, or anything else on Mantra.
No application, module, execution, interoperability, or native staking…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
