$CARD Token Fund
AlgoCard Token - $CARD - ASA ID #1183554043
We chose assets based on a number of criteria with the idea of creating a basket of diverse products that serve to provide value in different ways. Some assets were chosen for stability, some for long term growth. Others were chosen for the volume of trade and volatility, with the purpose of generating revenue for fees. Still others were chosen because of the projects they back and our desire to provide support to these outstanding community members.
ALGO – This one requires no thought. It’s Algorand. You can’t really have a project that is not paired to the asset that powers the entire system. Algorand is fast, secure, and scalable with some of the lowest fees in the industry. We see nothing but opportunity for growth of our investment in this pairing in the coming years.
USDC – It’s dollars. Practically everything in the world is valued against the dollar. This is an obvious way to build stable value and provide some protection from the volatility in other assets.
EURS – Dollars may be the reserve currency, but Euros are a strong addition, as well. This again provides a buffer to more volatile assets.
goBTC – The first major cryptocurrency, the one that started it all, bridged to Algorand. It may have limitations, but it has a massive following. With the coming halving in 2024, we expect the Bitcoin price to rise, bringing greater overall value to our fund.
goETH - Ethereum was a pioneer in smart contracts. It has an incredible number of users despite its slower performance and expensive transaction fees. For now, we expect ETH to continue to gain value and will hold it until it appears otherwise.
COOP – What can you say? It’s COOP. The token started as a joke and was airdropped evenly among all wallets that opted in to it. It immediately became a movement in the community. This one is going to keep chugging along as its supporters continue to expand liquidity and work to get its relevance recognized in DeFi uses.
GOLD - There’s gold in them there blocks. We have gold tokenized by the gram on Algorand. You can’t seriously build a fund without exposure to this highly sought after yellow metal.
SILVER – Like gold, silver represents exposure to a real world asset. This metal, once common for coinage has an endless list of industrial uses. It is an obvious addition to our fund.
DAFFIR - DAFFI Wallet’s reward token has been a favorite of mine since it was released. This one has been a quiet powerhouse for most of the past year. They have been consistently paying out rewards to their holders. DAFFI is working to bring crypto to everyday use. With the upcoming release of their v2 wallet, we expect big things to come. (Disclosure: I was recently approached by DAFFI to provide background imagery for their wallet, but I was a holder and fan long before.)
DBD – Insurance in smart contracts. This is pioneering in the insurance space. Tokenizing insurance through NFTs and smart contracts brings a level of transparency and certainty to the insurance industry. Looking for this one to grow as a first mover.
CHIP – The Algorand Casino’s house token. People love the opportunity to win big, and casino games offer that chance. We all know that the house is always favored, so we believe that there is great opportunity for growth with this token.
VEST – Do you need to look up the price of an ASA? Where are you going? Clearly, you are going to look it up on Vestige. Since its beginnings as Tiny Chart, Vestige has become the place to find pricing and volume of ASAs and to research and discover new assets as they become available. You can also trade within their app. VEST powers their platform, and holders can receive more profitable trades.
DEFLY – If you’re an asset trader, the Defly Wallet is the wallet you’re looking for. Market orders, limit orders, charts, asset tracking, price alerts… they’re all built in. In addition, there is in-app connectivity to a number of NFT markets, DeFi services, and other Algorand services. DEFLY token holders enjoy lower trade fees and there is in wallet DEFLY staking to earn on your holdings.
mALGO - A governance based token issued by Messina One. Holders of mALGO receive governance rewards each quarter simply for holding. It’s ALGO that increases in value every three months. This is a win that allows us to benefit from governance payouts while pairing it to $CARD and forgetting about it.
AKTA – AkitaInu is a grandaddy memecoin in the Algorand community. This token has been around since the beginning of DeFi platforms in the ecosystem. NFTs, giveaways, real world rewards… this team has worked tirelessly to provide value to their supporters.
OPUL- Music on chain that benefits artists and fans. This is a pioneering platform that can reshape the way we support artists while providing opportunity to earn. This token also has an incredible TVL and daily volume with enough volatility to produce some good fee generation once we build our holdings.
ORDINALS – The token behind the art of Collapsed Worlds project on Algorand. This project is appealing due to the beauty and unique nature of the art. You get a real sense of a world that has collapsed, but at the same time, there are elements of hope in the scenes. These pieces bring contemplation and emotion to me. We want to provide whatever support we can to this artist and project.
TACOS – Tacos, tacos, tacos… If you don’t love them, are you even alive? Dora’s Tacos was among the first ASAs on Algorand to tie to real world assets, and I am certain, the tastiest of RWAs. This is another community support project that we will be providing liquidity to in order to benefit the community.