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Why Did This Sub-$10 Million Crypto Pop 35% in a Red Market?
There's good news...And then there's great news!
Imagine your significant other comes home from work one day and says, "Honey, we're going out to dinner! I just got a surprise $1000 bonus!" You'd probably be excited and congratulate your partner on the good news. Now, imagine your significant other came home and said, "Honey, renew your passport. I just won a raffle, and we're going on an all-expense paid trip to Paris!" You'd be even more delighted than the $1000 bonus news. Finally, imagine your significant other comes home and says, "Honey, pack the house. I just learned I inherited a mansion from an unknown distant great uncle who recently passed." This kind of news could get every nerve in your body dancing.
The news Houdiniswap investors heard yesterday is closer to the third scenario described above. And, in response to the great news, the price of the $POOF token did this:
Image from Coingecko.com
If you aren't familiar with Houdiniswap, I'll refer you to the following post, https://thedefichronicle.com/why-im-loading-up-on-this-1-crypto-for-0-12/, where I describe the platform, its native token, and why I've invested in the project. However, if you are up to speed on Houdiniswap, I encourage you to read this completely to learn about yesterday's massive news release.
What's the news already??!
In the weekly Magic Monday Twitter Space, the Houdiniswap team announced an official partnership with Mario Narfal. Mario Narfal is one of the most influential people on Twitter. He has 442.6K Twitter followers and hosts one of the most popular Twitter Spaces. So how big is this partnership? Mario's Twitter Spaces, The Crypto Roundtable, regularly attracts thousands of listeners.
In crypto marketing partnerships, this is nearly the equivalent of advertising during the Super Bowl. While exact details of this official deal will be released over the coming weeks, I want to share why this is so impactful and why I am excited to be a $POOF holder and staker.
Before going over the benefits
Before sharing why this partnership is so significant, I must share why Houdiniswap is the perfect candidate for an aggressive marketing campaign. Unlike most crypto dApps that appeal to a specific niche of crypto users, Houdiniswap is a platform everyone can and should use.
Houdiniswap empowers users to quickly, easily, and cheaply send crypto assets privately from their wallet to another wallet. In a technological world where privacy is disappearing, it's amazingly powerful to complete web3 transactions anonymously.
There are numerous use cases, including personal security, savings, payroll, and simply not having your business be everyone else's business. Further, Houdiniswap has a consumer-friendly interface, a prompt customer service team (unheard of in crypto), and allows cross-chain swapping of dozens of crypto assets.
In other words, Houdiniswap is a solution everyone needs, but they may not know it exists.
Benefit #1: The Obvious
More ears hearing about Houdiniswap equates to more people using Houdiniswap. As user count increases, swap volume increases, and profitability increases. Since Mario's audience is in the crypto world, many will hear about Houdiniswap for the first time and want to try the platform out. People in crypto have big mouths. If they enjoy the experience, they will inform their networks about how groundbreaking Houdiniswap is.
In addition to attracting more ears, Mario Nawfal has hundreds of thousands of eyes that can discover Houdiniswap. The official deal is also with Mario's Web3 consulting and incubation company, https://ibcgroup.io/. Also, Houdiniswap will have access to Mario's team of advisors. It's like Floyd Mayweather Jr. says: "When you're the best, you only want to surround yourself with the best."
Benefit #2: Credibility
Names carry a lot of weight. In my decades-long span in sales, I learned the power of dropping a name. Someone formerly closed off to speaking with you could instantly change their mind if the right name were properly positioned.
When the Houdiniswap team wants to expand its marketing into other channels, they now benefit from being involved with one of the most influential names in crypto. Partnerships can open up just because people have heard your name mentioned by someone they respect.
In the same Magic Monday Twitter Spaces from yesterday, the Houdiniswap team said they are discussing a video with a prominent YouTube influencer with over 100,000 followers. If you were the influencer, wouldn't you want to associate your name with a project that already has influential partnerships?
Benefit #3: Confidence
As a crypto investor, you want to have confidence in the project you are investing in and the team running the project. Unfortunately, scammers and morally questionable individuals are rampant in the decentralized finance space. And, since so much is anonymous, you are often forced to invest in projects lacking transparency.
Knowing that the Houdiniswap team has been able to seal this partnership with Mario Nawfal makes me exponentially more confident in the future of this project. I've already used and enjoyed the platform. I know the community is strong and growing extremely organically. And now, I'm solidifying my confidence that this team is truly different from the norm in crypto.
Why it may be time to accumulate $POOF tokens
I bought $POOF tokens before all of this amazing news. With the recent crypto market contraction, the price of the $POOF token has dropped to extremely attractive levels. In addition to its insanely low valuation (around $10 million circulating market cap, as I write), Houdiniswap takes the platform's fees and uses them to purchase $POOF on the open market. In a few months, the platform has already bought back 2% of the total $POOF supply!
$POOF holders can stake their tokens for varying periods to earn up to 20% APR in $POOF tokens. Think about it…If more investors hear about Houdiniswap, more users swap on Houdiniswap, and existing holders covet their $POOF tokens more, what could happen to the price of the token.
At the time of writing, $POOF has less than 1000 tokenholders!
Key Takeaways
The crypto markets are tough right now. It's more important than ever to allocate funds to the right projects with long-term viability and real use cases. While many investors are FOMOing into the latest meme coin craze, Houdiniswap offers you an opportunity to:
Invest in a platform earning a real income
Be a part of a project that will improve people's lives
Be an early adopter (first 1000) in a project that can grow massively
Get in or learn more about the project before the benefits of the Mario Nawfal partnership are in effect
I am invested and staked in this project. I have high convictions and look forward to watching as the Houdiniswap platform and community benefit from the next bull run.
If you want to try out Houdiniswap, here is a link with my referral: https://houdiniswap.com/?id=writer.
If you decide to use it, I get a small share of the commissions from the platform (with no impact on you). Alternatively, you can use my referral code: writer
🧙♂️ Swap anonymously 🪄 💨💸
Website: houdiniswap.com
Whitepaper: houdiniswap.com/whitepaper
This article isn't financial advice; I am not a financial advisor. It is strictly my opinion. I own and stake POOF tokens. POOF tokens and other crypto assets involve tremendous risks. I am someone who wants to maintain and grow my wealth so that I can provide a good livelihood for my family and myself. So do your research before making any investments.
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