Jetking is India’s first publicly traded company to adopt the Bitcoin Standard. CFO @mrbharwani of @JetkingLtd explains why in the interview below:
Timecodes:
00:00 - Intro
01:53 - The story of Jetking; Who is Siddarth Bharwani?
04:47 - Why adopt Bitcoin for Jetking’s balance sheet in 2022?
10:19 - What happens when Bitcoin ‘crashes’?
12:01 - How frequently does Jetking buy Bitcoin?; Is there any internal resistance from the board members?
16:38 - Seeking inspiration from the MicroStrategy playbook
21:57 - Avenues (Equity & Debt) to raise capital
22:54 - Regulations & ease of having Bitcoin on the balance sheet of a BSE-listed company
25:26 - The scope of blockchain in the future; All roads lead to Bitcoin
28:28 - ‘Crypto’ influencers and their advocacy for high time preference
31:19 - Will there be spot Bitcoin ETFs offered in India anytime soon?
34:18 - Large institutions venturing into AI and blockchain
35:19 - Bitcoin price prediction
38:13 - Jetking’s efforts in educating India through Bitcoin & AI
42:04 - Closing thoughts
BlackRock, a $10 Trillion company, is entering the RWA sector.
Coinbase and Citibank are also bullish on RWA.
Here is the list of 5 gems that could do 100x.
A thread 🧵👇
(Must Bookmark)
If you had to pick 3 #altcoins to make the best possible portfolio from the list below, which 3 would you pick?
𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧: 𝐘𝐨𝐮 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐩𝐢𝐜𝐤 𝐨𝐧𝐥𝐲 𝐨𝐧𝐞 𝐟𝐫𝐨𝐦 𝐞𝐚𝐜𝐡 𝐬𝐞𝐜𝐭𝐨𝐫! 🤑
- 𝙍𝙒𝘼:
1. Realio ( $RIO)
2. Maple ( $MPL)
3. TrueFi ( $TRU)
- 𝙇𝙖𝙮𝙚𝙧-2:
1. Manta ( $MANTA)
2. Arbitrum ( $ARB)
3. Polygon ( $MATIC)
- 𝘼𝙄:
1. Ocean ( $OCEAN)
2. Render ( $RNDR)
5. The Graph ( $GRT)
Let's see who can make the best portfolio! 🚀
ERC-404: a next 1000x opportunity or just another pump and dump?
What is ERC-404?
ERC-404 is an experimental token standard that aims to bridge fungible tokens and #NFTs to enable liquidity and fractionalization.
A Simple Explanation of ERC-404
When you combine an ERC-20 Token + NFT, then it's an ERC-404 Token.
If:
You hold <1 ERC-404, then it's an ERC-20 token, and it's tradable on Uniswap.
And if you hold >1 ERC-404, then it's an ERC-20 Token + NFT, and the NFT will be tradable on Opensea.
If you Hold 1 ERC-404 + Sell 0.5 ERC- 404 = Burn NFT
If you Hold 0.5 ERC-404 + Buy 0.5 ERC- 404 = Mint NFT
If you Hold 1 ERC-404 + Sell NFT = Sell 1 ERC-404
Examples of ERC-404 tokens 👇
PANDORA (Market Cap: $197.5 Million)
DEFROGS (Market Cap: $15.6 Million)
RUG (Market Cap: $2.82 Million)
TADPOLE (Market Cap: $1.49 Million)
A few of you asked about the ERC-404 tokens, and I have shared these 4 tokens.
But as I said earlier, #ERC404 is an experimental token standard, and it has not been audited yet.
The market cap of ERC-404 tokens are very small, and it is very risky to invest money in them.
NOTE: This is not financial advice.
Always Do your own research before making any investment.
🚨 𝗧𝗛𝗘 𝗡𝗘𝗫𝗧 𝟭𝟬𝟬𝟬𝗫 𝗡𝗔𝗥𝗥𝗔𝗧𝗜𝗩𝗘 🚨
People made generational wealth with #BRC20 and #AI narrative.
ALAS!
Most of you slept on it.
In this🧵, I'm going to talk about the next big narrative that you can't afford to miss:
(MUST LIKE AND BOOKMARK)
The new narrative that I'm talking about is ERC404!
➡️ 𝗪𝗵𝗮𝘁'𝘀 𝗘𝗥𝗖 𝟰𝟬𝟰?
ERC-404 is an experimental token standard that combines the features of ERC-20 and ERC-721 standards.
It's developed by @Pandora_ERC404
➡️ 𝗛𝗼𝘄 𝗜𝘁 𝗙𝘂𝗻𝗰𝘁𝗶𝗼𝗻𝘀:
ERC-404 innovatively blends features from ERC-20 and ERC-721 standards, enabling interaction between traditionally separate elements.
Its unique ERC-721 method utilizes token mints and burns for fractional transfers, breaking away from conventional approaches.
➡️ 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝗸𝗲𝘀 𝘀𝗲𝗻𝘀𝗲?
While some NFT fractionalization protocols require locking NFTs to issue shares, ERC-404 allows native fractionalization within NFT projects using the standard.
This opens up new opportunities for experimentation and trading NFTs seamlessly.
➡️ 𝗛𝗼𝘄 𝘁𝗼 𝗯𝘂𝘆 𝗶𝘁?
Since ERC-404 is experimental, many platforms won’t automatically be able to support the standard
However, PANDORA is already trading on decentralized exchanges like
Uniswap and on NFT marketplaces like BLUR and OpenSea.
𝗗𝗶𝘀𝗰𝗹𝗮𝗶𝗺𝗲𝗿:
ERC404 is currently in the experimental phase and has not undergone Ethereum's official processes to become an ERC token.
While it's gaining popularity, there may be unidentified security risks that could emerge later.
If this tweet gets 1k likes, I'll share the ERC404 tokens I'm personally buying!
With that said, show the degen spirit, Like, Retweet, and Bookmark this tweet!
If I gift you $50,000 right now, what
would you buy for 2025 bull market?
1. $BTC
2. $ETH
3. $SOL
4. $LINK
5. $MANTA
6. $XRP
7. $BNB
8. $ARB
9. $TIA
10. $ICP
11. Other
I'm reading all comments 🔥
📢India's crypto community needs a fair tax system!
👉We urge a shift from the flat 30% tax to a slab-based approach, aligning with traditional asset classes.
👉Allow loss set-off to encourage investment & innovation and reduce TDS to 0.1% to boost the digital economy & innovation while preventing tax evasion.
Let's build #DigitalIndia together @nsitharaman@PMOIndia #reducecryptotax 🙏⚡️
❤️🔁