Tokenless projects on my radar

Get in before the crowd

Oct 06, 2023

In this 32nd edition of the Gems Corner, we will examine a few tokenless projects on my radar, including some actionable alphas. Enjoy the gems.

What the wise man does in the beginning, the fool does in the end. - Howard Marks

First-mover advantage has a huge upside in crypto. It lets you farm early rewards and get a good position for bigger & better gains than the latecomers.

I’m always looking for early gems to capitalize on in a market like this before the crowd gets in. Today, I’ll introduce you to the top three tokenless and innovative projects on my radar.

Let’s get in!

1. Shuffle

Shuffle is an innovative betting platform with a clean user interface. Ran by the former OTC desk at Alameda, the team has a wealth of experience in the betting industry.

SHFL token has been announced, 1B circulating, deflationary, over three airdrops will be distributed, and the snapshot has not been taken yet. That means wagering now could be worth it.

Their growth has been meteoric, to say the least. You can use my referral link to sign up and start wagering to generate volume. Also, they have some other bonuses for early users.

Try shuffle here - link

2. Hyperliquid

Hyperliquid is an order book-based perpetual futures decentralized exchange. The DEX runs on Hyperliquid Chain, an L1 chain built on Tendermint.

In their latest Q3 update, it was reported that they’ve reached $20M+ retail volume, 9,000+ total users, and $5+ in total volume. Hyperliquid is still on testnet and currently has no token.

So, positioning for an airdrop would be in order. You can get on the platform, make trades, and use their vaults for decent APRs.

Try Hyperliquid here - link

3. Jito

I talked about Jito in the previous edition of my newsletter, so I won’t be talking much about it today.

Basically, Jito is a liquid staking protocol on Solana where users can earn MEV rewards. Solana Foundation recently announced that nearly a third of the stake runs through Jito Labs’ clients.

An easy way to earn points is by depositing your $jitoSOL into Drift Protocol and using it as collateral. For every $jitoSOL you deposit, you’ll earn 1.5 points daily. Aside from Drift Protocol, you can deposit on Marginfi or Solend to earn 1.5 points/day, or better still, deposit in Orca or Raydium for 2 points/day.

Lastly, referrals earn you 10% of the points they earn.

Try Jito here - link