Chainwave February Summary
The second month of the newsletter + Chainwave public portfolio has seen continued growth.
More of my time in Feb has been spent onboarding new people to the discord server and helping out getting people up to speed in the #defi space.
As a result of a popular tutorial for BAO yield farming, we also had an influx of new readers and paid subscribers from the BAO community - a project I’ve been covering since December.
We have added over 196 new readers and 38 new paid subscribers, bringing total readership to 396, and paid subscribers to 51.
Our chat server has grown rapidly to over 152 participants, with 91 coming in Feb alone.
There were $2,604 in new deposits to the public portfolio bringing total deposits to-date to $4,316.
EOM portfolio value end of Feb was $7,296.
I announced this month that 10% of net profit from the portfolio will be going to Puerto Rico charities.
At the current state, we will be donating ~$300 to charity at the end of the year. My focus is to grow this portfolio value so that we are getting that number up to $10,000 by December
Big wins this month include investments in an NFT project, $SUSHI/$xSUSHI, and mined $BAO token.
$CREAM finance saw a hack in Feb, which reduced it’s value a lot after some rapid growth, but we are still in the black. We also staked 1 $CREAM token, which will release us 1.4 $CREAM tokens next February.
We participated in the Primary Bootstrap Contribution of Premia - a new on-chain options platform. Currently the price of $PREMIA has gone down (mostly due to correction in crytpo markets in Feb). I still believe in the core value proposition of this platform and will continue to hold.
Surprisingly, the big winner for Feb is our Hashmask NFT. We purchased one for approximately $650 when they launched.
Since the launch, there has been a bit of a mania around the project - users are trying to uncover all of the unique items, and are discovering some cool features and hidden messages across the parts of the project.
There has even been an index fund created that tracks against the floor value/last sold value of hashmasks. We could sell our NFT right now for approximately ~$2,750 based on secondary market sales and the new $MASK index that tracks the minimum value.
Here’s what our guy looks like:
This NFT also has what is considered a rare trait - an Omega “glyph” which will be adding to its market value ( I have yet to do comps). Some hashmask with glyphs has sold for 5 figures:
Chainwave Public Portfolio Summary
EOM Portfolio Balance : $7,296
Ethereum transactions: 11
Staked Tokens + Unclaimed Rewards: $1,493
NFTs : $2,750
Projects / Tokens
$NCT (name change token from Hashmask)
Newsletter & Community Stats
Total Feb Visitors: 4,176
Gross annualized revenue from subscriptions is around ~$14,500 . This is a projection monthly subscriptions out for the year
Paid Subscribers - 51
Total Email List - 396
Chat Server Membership: 152
Goals for March
Continue to provide advance support for paid members
Onramp more readers into defi
1 In depth article on an investable blockchain project
Continue reporting on interesting news and updates in the space