🤯 Could Do Kwon Be Free Because of This Mistake?

Happy Monday dear subscribers! In today’s Newsletter, surprising news regarding Do Kwon!

In today's bulletin, we are covering:

• Surfing the Market, with analysis about the Mid Caps and the AI index

• Don't miss the News about Google ENS listing, and Do Kwon

• LandX Finance is under the spotlight.

• Short article about Demystifying Leverage

• Our selection of the best Gems on X

Nice push from Bitcoin Yesterday which boosted also the Mid Caps Index to move along. As we can see on the daily chart, it just crossed the local resistance and is now facing the main downtrend. Key level to show strength, let's see the reaction here but so far soo good:

Eyes on the AI Index too which is pushing for the breakout on the main downtrend resistance. The $12 range responding nicely too. Primed setup

Google Now Displays Ethereum Wallet Balances for ENS Domains in Search Results

Google has expanded its support for Ethereum wallet balances to include Ethereum Name Service (ENS) domains in search results.

This update allows users to view wallet balances associated with ENS domains directly from Google search.

• Google now displays wallet balances associated with ENS domains in search results.

• ENS domains offer human-readable addresses linked to Ethereum wallets, simplifying transactions.

• Initially, Google introduced support for wallet balances via public addresses in May 2023.

• The expanded feature now includes ENS domains, showing wallet balance and address sourced from Etherscan.

• Availability of the feature may vary, with some users experiencing inconsistency in search results.

• Private browsing mode or being logged out of Google services may improve the feature's reliability.

Montenegro Prosecutors Contest Extradition of Terraform Labs Co-Founder Do Kwon to South Korea

Montenegro's prosecutors are challenging the country's highest court's decision to extradite Terraform Labs co-founder Do Kwon to South Korea, arguing that the court overstepped its authority.

The High Court has paused Kwon's extradition pending further legal review.

• Montenegro's top prosecutors contest the High Court's decision to extradite Do Kwon to South Korea instead of the U.S.

• Prosecutors argue that extradition powers belong to the Ministry of Justice, not the High Court.

• The High Court temporarily freezes Kwon's extradition until a judge decides on its legality next week.

• Kwon's preference for South Korea stems from its maximum sentencing practices compared to the U.S.

• Kwon and Terraform Labs face charges including fraud and securities violations following the crash of Terra and Luna in May 2022.

• Kwon was apprehended in Montenegro in March for traveling with fake documents after being a fugitive with an Interpol Red Notice.

LandX Finance

Today the spotlight turns to illuminate LandX Finance “revolutionizing agricultural finance”.

If you know me already, there is no secret that Agroman is more than just a name! I might know a thing or two about crypto, but I know three or four about agriculture too, so this particular project is like the perfect fit for me.

Let’s take a look beyond the name!

LandX is another RWA project that in this particular case is leveraging blockchain technology to provide upfront capital to farmers in exchange for a share of their future harvests. 

In case you didn't know, while the global economy fluctuates, farmland has remained a steadfast asset, consistently appreciating in value since the 1970s and earlier, providing reliable, sustainable, and consistent yields.

LandX finance bridges the gap between traditional agricultural financing (TradFI) and decentralized finance (DeFi) by tokenizing real-world assets, specifically agricultural commodity assets and farmland.

The primary goal of LandX Finance is to democratize access to agricultural financial products through blockchain technology. By tokenizing farmland and agricultural commodity assets, the project aims to create inflation-hedged, uncorrelated digital assets that can be traded on decentralized exchanges 24/7. 

LandX Finance solves the problem of limited access to agricultural financing by tokenizing farmland and agricultural commodities. 

This project connects farmers, investors, and DeFi participants through its decentralized platform. Farmers pledge their future harvests as collateral to receive upfront capital, while investors can purchase xTokens representing shares of these future harvests. These xTokens can be traded on decentralized exchanges, providing investors with liquidity and a potential source of income (yield).

LandX Finance has different kinds of tokens:

• LNDX, the native token. 

• xTokens, backed by agricultural commodities such as corn, rice or wheat. 

• xUSD, a stablecoin backed by real-world agricultural assets.

The $LNDX token plays a central role in the LandX platform. It allows token holders to participate in governance decisions and earn a share of platform fees. Is the best asset to be exposed to the potential success of the project. 

On the other hand, xTokens represent shares of future harvests and enable investors to earn yields from agricultural assets. While xUSD is used for facilitating transactions between various participants such as farmers, investors, and other stakeholders.

The tokenomics at this moment position $LNDX’s market cap is ~$5.4 millions with 6.7% circulating supply of the 80 Million tokens (max. supply). 

The project secured a total raise of $5.5 million from seed investors, who have a vesting schedule spanning 8 years. Additionally, the project raised approximately $1 million in its private sale. 

There is a lot more to dig into about this project and the sector it’s in, luckily they have done a great job synthesizing it in their “Academy” I encourage you to take a look at that and their official Twitter and Website

See you next week with something different and meanwhile, repeat with me: WEN TRACTOR!? 🚜

Demystifying Leverage

With every sudden market movement we see a large number of traders being liquidated. You know, they say that using leverage is like signing your death sentence. To avoid falling into those extremes, let's see the reality that lies behind the myths and fears of leverage.

This is more of an educational article than an opinion piece, but perhaps one of the most important when it comes to understanding the most crucial concept in trading, which is risk management.

The first thing we need to know is that trading in spot or leverage is the same if we use risk management. That is, a position of 1000 USDT or one of 100 USD with 10x leverage is equal.

So what's the benefit of using leverage? Firstly, you don't need to have all your capital allocated on the exchange, thus reducing systemic risk. Secondly, it allows you to increase firepower in some situations.

Therefore, the entry point, SL, and targets will be the same whether it's spot or leverage trading. In other words, the chart and its analysis don’t change no matter which one we use.

But the concept that truly demystifies leverage as the root of all evils is risk management, i.e., what percentage of our portfolio are we willing to lose. To do this, we must be clear about the position size to control exposure.

There's no standard percentage here since each investor is unique, and so is their risk tolerance, but we can consider 1% of the portfolio as conservative and 5% as aggressive.

The appropriate risk for each person is the one that allows us to sleep peacefully.

Controlling risk will increase our survival in the market since we will experience losses and bad trades, but the key is to control those losing positions beforehand and none of them should damage us so much.

Finally, one aspect to consider when trading with leverage is the margin required by the exchange for that position, i.e., the money we need to have available to prevent the liquidation price from being too close or above our SL.

So, if we want to have little capital on the exchange, we should take advantage of leverage, but if our intention is to buy and hold, it's advisable to do so in spot and withdraw it to a cold wallet.

In conclusion, we must be aware that it's crucial to know our risk tolerance and how to manage it to avoid falling into the mistake of considering spot trading as safe and leverage trading as risky.

Peaq Network AMA

A Trillionaire Making AI

Launching Modular L1

Don’t sleep on this market, lots of opportunities to come, see you next week!