Here an explanation of the top 3 holdings of our Mid-Cap Certificate. Our Mid-Cap certificate's strategy is based on a fundamental analysis focused on crypto currencies and blockchain innovation themes.
1st Holding: AVALANCHE (AVAX)
Avalanche (AVAX) is a smart contract-capable blockchain platform focused on transaction speed, low costs, and eco-friendliness. Ultimately, what Avalanche hopes to deliver is a highly scalable blockchain that doesn’t sacrifice decentralization or security.
Launched in 2020 by the Ava Labs team, Avalanche quickly ascended the cryptocurrency rankings and sits just outside the top ten. Similarly, Avalanche TVL (Total Value Locked in the protocol) is skyrocketing and is now worth $3 billion across Avalanche dapps.
Avalanche’s core innovation is that it is composed of three blockchains rather than the usual one. The reason behind this design choice is quite brilliant: Each blockchain specializes in a task within the broader Avalanche ecosystem instead of having one chain do them all.
Distributing tasks amongst different chains helps keep the Avalanche platform agile, allowing it to achieve the golden trinity of blockchain traits -decentralization, security, and scalability.
2nd Holding: HARMONY (ONE)
Harmony (ONE) is an open and fast blockchain. Its mainnet runs Ethereum applications with 2-second transaction finality and 1000 times lower fees. Harmony is an open platform for assets, collectibles (NFT), identity, governance. The secure bridges offer cross-chain asset transfers with Ethereum, Binance and 3 other chains.
What is HARMONY?
Harmony is a cross-chain blockchain. Cross-chain means that it is the bridge between different blockchains. Beside bridging a big Harmony application is NFTs & DApps. Harmony's mainnet can run ETH DApps with 2s transaction speed and cost a fraction of the gas fees.
You might wonder why we need a cross-chain blockchain, seems a bit like a gimmick?
Because there is such a wide variety of blockchains (and there's surely more to come) each blockchain will be specialized in one thing (e.x XMR is best for privacy, Nano for cheap feeless). With cross-chain blockchains, we should be able to get the best of both worlds. This brings us to the concept of Cross-chain platforms. Essentially, cross-chain interoperability refers to the ability of a blockchain platform to share data with others.
An analogy to understand the concept of interoperability would be fiat currencies. If you travel from the US to China, you need to get your money converted from USD to RMB. If this facility of International money transfers or conversion of currency was not available, you would be unable to buy anything in China.
Same applies to the world of Cryptocurrencies and Blockchain. If you have 100 ether but want to transact on another platform, you need to follow a process of converting your ethers into the native currency of that platform.
3rd Holding: CHILIZ (CHZ)
Chiliz is a currency option for blockchain-backed products & services geared towards mainstream consumers. The team wants to elevate everyday experiences – fan engagement in entertainment, alternative payment solutions for conventional products, and more.
Chiliz provides sports & entertainment entities with blockchain-based tools to help them engage & monetize their audiences.
The Socios.com fan engagement platform is built from the ground up on the Chiliz blockchain infrastructure & uses $CHZ as it’s exclusive on-platform currency. Socios.com allows fans to purchase branded Fan Tokens from some of the biggest and most renowned sports teams in the world including FC Barcelona, Juventus, Paris Saint-Germain, AS Roma, Galatasaray, Atlético de Madrid, OG, CAI & UFC.
Fan Tokens bought on Socios.com allow users to influence their teams via popular vote and become eligible for engagement-based team rewards and recognition. All Fan Tokens are minted using the Chiliz blockchain & all on-platform voting is executed as a series of smart contracts which run through the Chiliz blockchain.