WIXLIB

And it hit 116 million in volume 11 monthslater. That’s a 500% increase. amounts of ETH each day. On February 12, theasset management firm bought over 94 millionworth of ETH.Bancor lowers trading fees by cutting out themiddleman. At the start of 2021, it processed 126 million in transactions. A few monthslater, that grew to as high as 2.37 billion. A1,780% increase in a few months.And that’s why I believe the smart money is pouring in.Billionaire tech investor Mark Cuban is mostexcited about smart contracts that are developedon the Ethereum blockchain powering dApps andDeFi. (A smart contract is a self-executing contract with the terms of the agreement betweenparties directly written into lines of code.)Flexa allows people to buy with cryptocurrency as easily as using a credit card but withzero fees. It started in 2021 handling 130million in transactions. But that jumped to ashigh as 2.73 billion. a 2,000% increase inunder a year.In February 2021, Silicon Valley venture capital titan Andreessen Horowitz led a 25 millionfunding round in an Ethereum scaling solution.And Ethereum will be at the center of the DeFiuniverse.I can’t stress how huge this is All of the four tokens in this special report run onEthereum. And as I mentioned above, Ethereumis the gold standard of blockchain apps.When it comes to finding companies and technologies that change the world, no one comes closeto Andreessen Horowitz. For example, in 2011,the firm invested 80 million in Twitter. It wasalso an early investor in blockbuster companieslike Facebook, Groupon, and Airbnb.I believe Ethereum will do to the traditionalfinance services sector what Netflix did to Blockbuster and what Amazon did to Sears. It willeventually wipe them off the map. And that willpropel these coins like a slingshot.Ethereum is on a pathway to become the fastestasset in human history to hit a 1 trillion valuation even faster than bitcoin. That’s how powerful Ethereum is And right now, the whole worldis asleep at the wheel of just how valuable Ethereum will become.Hear me when I tell you this: Ethereum is the mostimportant piece of software that’s ever been created for the deployment of other software programs.But don’t just take my word for it To get a sense of how much demand there is touse Ethereum, look no further than the revenue itgenerates from transaction fees.In March 2021, global payments giant Visa announced it would offer transaction settlements instablecoins on the Ethereum blockchain. This issomething I’ve been predicting for years and it’sall unfolding right before your very eyes.Since the start of 2021, Ethereum generatednearly 563 million in revenue from transactionfees each month. That’s nearly 6.75 billion peryear annualized.In 2019, there was 35 trillion in global paymentcard expenditures, according to research firm RBR.And if we compare this to 2020, when Ethereumgenerated roughly 600 million in all of 2020, youcan see the demand to use Ethereum has surgedover the past year, as its usability increases. aNot to be outdone, leading digital asset managerGrayscale opened its Ethereum trust to accredited investors and has since been buying largewww.palmbeachgroup.com6

1,033% growth in transaction revenue, to be exact.But as much money as you can make with Ethereum, I think you can make an order of magnitudemore by buying a series of coins built on top ofthe Ethereum ecosystem.Now let’s assume next year, Ethereum grows atjust one tenth of the rate it has in 2021.That would imply nearly 1.15 billion in monthlytransaction fees, or 13.7 billion annually.Just like the companies that plugged into theinternet went on to be worth billions and trillions,I believe these disruptive projects will deliverhuge gains for early investors by plugging into theEthereum ecosystem.To get a sense of what 13.7 billion in transactionfee revenue means for Ethereum, we can compareit to the likes of global payment processing giantsVisa and Mastercard.That means one thing: Just like bitcoin gave rise tohundreds of other cryptos called altcoins we’reon the verge of another monster altcoin run.Today, these two companies trade at an earnings multiple of 47. If we apply the same earnings multiple to Ethereum, it would be valued atroughly 645 billion.The Four Coins That WillRide Ethereum But since Ethereum is on the cutting-edge oftechnology with higher growth potential, we believe Ethereum will fetch a premium at least twotimes greater than legacy payment companies likeVisa and Mastercard.As I showed you above, bitcoin’s historic run asthe first cryptocurrency to 1 trillion had longcoattails.During bitcoin’s rise, we saw coins I recommended like NEO, Binance, and Monero rise as muchas 158,147%, 18,447%, and 5,450%, respectively.That would translate to a market cap of 1.3 trillion for Ethereum, or 10,980 per token.I believe Ethereum will have even longer coattails. And it’ll slingshot certain coins to amazingheights. just like Apple did for dozens of apps onits platform.That makes it about a 223% gain from currentprices.Under a blue-sky scenario, we could even seeEthereum reach 25,000 in the coming years.That’s a 625% gain – enough to turn every 1,000into 7,250.Also, like early apps in the Apple ecosystem, thesenew dApps are charting new courses in the areasof finance, sports betting, etc. Today, they mayseem like niche products. But that’s what peoplethought about early “streaming” services likeYouTube and Netflix before they became multibillion-dollar companies.That’s why I urge you to add some Ethereum toyour portfolio today.Action to Take: Buy ether (ETH).Buy-up-to Price: See the portfolio page here.Stop Loss: NoneBuy It On: Coinbase, Coinbase Pro, Gemini,Binance, Binance.US, or KrakenStore It On: MyEtherWallet or LedgerPosition Size: 200–400 for smaller traders or 500–1,000 for larger tradersAsset Class: Cryptos (Altcoins)www.palmbeachgroup.comSo I want you to take a long-term view of theseprojects.The four coins I’ve identified in this special reporteither run on the Ethereum network or link to it.By hitching their carts to Ethereum, I think they’lldeliver gains of as much as 800%, and even19,600%.7

These are the perfect kinds of asymmetric betswe look for. Where you can take a small startingstake and make incredible returns. All on ourjourney to make life-changing gains without taking life-changing risks.allow users to trade cryptos at a fraction of thecost. and maintain control over their assets.And Compound (COMP) can help us take advantage of this trend. It’s a decentralized moneymarket protocol on the Ethereum network.That’s why it’s so important you use rational position sizing: 200–400 per idea if you’re a smallerinvestor, or 500–1,000 if you’re a bigger investor.Don’t risk more than you’re willing to lose outright.It’s one of the largest decentralized lending protocols in the world. In September, it reachedan all-time high of 13 billion in assets held onthe platform. At time of writing, that number isroughly 11.9 billion.IMPORTANT NOTE: Immediately afterour buy recommendations, we often see aninitial price spike. We understand this can befrustrating. But don’t worry. This is par for thecourse in the cryptocurrency space. Most ofthe time, the recommendation falls back belowour buy-up-to price. Use a limit order. Andjust be patient and let the price come to you.Still, compared to crypto institutions like Coinbase and traditional financial firms, Compound issmall enough to deliver incredible returns if thecrypto market takes off again.Compound allows users to borrow against theirassets and/or lend them to earn income. Theplatform is completely permissionless, meaninganyone in the world regardless of their wealth orcredit score can use it.Now, let’s get to them Trillion-Dollar Portfolio Coin No. 1:Compound (COMP)Compound pools depositors’ assets together –which borrowers can draw from. This evenlydistributes risk and rewards among depositorslooking to earn interest on idle assets.As you know, Coinbase – the largest crypto exchange in the U.S. – went public recently. It endedits first trading day with an 86 billion market cap.An algorithm on Compound sets interest rates.And it automatically adjusts them to reflectmarket demand. For instance, when borrowingdemand rises, rates increase to attract more lenders. And when borrowing demand drops, ratesdecrease to attract more borrowers.That makes Coinbase larger than many household names in the financial services industry,including CME Group, Discover Financial, andIntercontinental Exchange, the operator of theNew York Stock Exchange.Unlike centralized institutions, Compound usessmart contracts to ensure optimal security andallow users to retain control over their assets. Adepositor can withdraw their assets from the lending pool at any time of the day, 365 days a year.But as I said above, the best opportunities in thisspace are in DeFi, where Ethereum will have themost impact.You see, Coinbase is a centralized exchange. Whileit makes it easy to buy, sell, and store cryptos, ithas its pitfalls. The two largest are its high fees andthe risk of letting Coinbase custody your assets.And since Compound runs on the Ethereumnetwork, it doesn’t need to hire thousands of employees or rent expensive downtown office space.This allows it to operate at a fraction of the price,passing on more profits to depositors and moreThat’s where DeFi comes in. Under DeFi, platforms like exchanges are decentralized. Theywww.palmbeachgroup.com8

favorable rates to borrowers.While Compound offers an excellent platform forDeFi, we think the best way to play its rise is byholding the COMP token.Owning Compound will position us to ride Ethereum and the DeFi trend higher. And as moreassets flood the DeFi space, COMP token holdersstand to benefit from users looking to generateincome or take out a loan with their assets.COMP tokens entitle their holders to fees andgovernance rights over the Compound protocol.Holders can participate in decisions such as determining interest rates for each asset the requiredamount of collateralization for borrowing. andwhether to add new coins to the protocol.On the security front, Compound will pay asmuch as 150,000 to anyone who can discover abug or vulnerability that would cause the loss ofassets or other harm to users. That incentivizesso-called “white hat” hackers to do their best tofind and identify potential problems before actualharm can be done to anyone.Most importantly, Compound generates revenues by taking a cut of the interest paid byborrowers and placing it in a reserve fund. Thereserve fund acts as insurance for lenders to protect against default.It’s also backed by some of the largest players inboth the crypto and traditional finance worlds,including Andreessen Horowitz, Coinbase, andBain Capital.However, when reserves reach sufficient levels, token holders can then vote on how to distribute therewards. And as you can imagine, they’ll likely voteto distribute the interest rewards to themselves.Most importantly, Compound is integrated with ahandful of innovative applications and platforms.Some of these you might already know, like Binance. Others you might not As more assets flood the DeFi space, COMP tokenholders stand to benefit from users looking togenerate income or take out a loan with their assets. So adding Compound to the portfolio todaywill position us to ride Ethereum and the DeFitrend higher.For example, Donut allows anyone to link theirbank account and start earning interest – as muchas 4–10% – through Compound in a matter ofminutes. No, you don’t get FDIC insurance. Butcompared to a savings account at a traditional banklike Wells Fargo (which only pays 0.01% interest),Donut’s rate is around 400–1000 times higher.Compound basically operates as a decentralizedbank. So we can value COMP tokens by relatingthem to shares in traditional publicly traded banks.Today, there’s over 17.5 trillion in deposits heldin U.S. banks. If even 1% of that money movesover to Compound, that would be about 175billion going into the protocol.Another app called PoolTogether also allows users to lend money through Compound but with atwist – all the interest that users earn is collectedand distributed through a random rewards process. While there are still participation risks, thebasic idea is creating a lottery in which nobodyactually loses, because you still keep your principal and can withdraw it at any time.Meanwhile, Compound earns roughly 0.4% on itsdollar-denominated stablecoin loans. (A stablecoin is a crypto that’s pegged 1:1 to the value of areal-world asset, such as the U.S. dollar or gold.They’re designed to avoid wild fluctuations inprice.) If we assume a quarter of that will be keptin reserves, then the other 0.3% would be available to token holders.This is just the surface of what’s possible, especially as more and more people wake up to thepossibilities of DeFi and developers come up withmore innovative ideas and concepts.www.palmbeachgroup.com9

That 0.3% yearly fee on 175 billion would generate 525 million available to token holders.there are no custodian middlemen in a DEX. Thateliminates the need for users to store their assetsremotely and minimizes security risks like hacks.The top five largest publicly traded banks havehistorically traded at 14 times earnings. Thatmeans Compound could easily be worth 7.35billion just by meeting the average. representingan 82% jump from the token’s recent price whenaccounting for maximum token supply.0x has an interface called Matcha. It finds thebest price for users looking to swap assets on theEthereum network by pulling liquidity from multiple DEXs on the network.This saves users from having to search throughseveral exchanges to find the best place to tradean asset. Even if they were up to the task, by thetime they found the best price and entered thetrade. prices would’ve likely changed by then.Of course, Compound could grow faster – andscale more easily – than any traditional bank.And investors tend to assign substantially highermultiples in those situations. (Amazon and Teslaare great examples.)This makes 0x the one-stop shop to exchange assets on a decentralized network, such as Ethereum.Therefore, we think Compound could easily command a valuation that is five times higher thanthe typical stodgy old bank.0x also provides multiple sources of liquidity,including professional market makers free limitorders for peer-to-peer transactions and exclusive access to private pools of capital.Couple that possibility with the maximum supplyof COMP tokens allowed under the protocol, andwe believe the fair value of each token could be 3,675 an 809% increase from current prices.Plus, 0x has one crucial difference from otherDEXs: It doesn’t store orders on the blockchain,only trade settlements. This makes it faster andless costly.Action to Take: Buy Compound (COMP).Buy-up-to Price: See the portfolio page here.Stop Loss: NoneBuy It On: Coinbase, Gemini, Binance, orUniswapStore It On: MyEtherWallet or LedgerPosition Size: 200–400 for smaller traders or 500–1,000 for larger tradersAsset Class: Cryptos (Altcoins)Obviously, none of this would matter if therewere trading delays, outages, or security issues.But 0x boasts 99.9% uptime and a faster responsetime than its competitors. One study also showed0x producing better fee-adjusted prices thancompetitors 70% of the time.For all these reasons, market participants areflocking to 0x. Active traders on the platformhave grown from 8,563 to 102,290 over the pastyear. That’s a 1,095% increase.Trillion-Dollar Portfolio Coin No. 2:0x (ZRX)0x (ZRX) is another opportunity for us to capitalize on the DeFi trend.The protocol can be used to build or augment awide range of marketplaces – digital goods exchanges, games with in-game currencies, portfolio management platforms, and many others.0x is a decentralized exchange (DEX) aggregator.Like a centralized exchange, a DEX provides aplatform for different parties to make trades. Butunlike centralized exchanges – including Coinbase, the largest crypto exchange in the U.S. –www.palmbeachgroup.comSince the start of this year, 0x has generated over 61.2 billion in trading volume. That’s a 648%10

increase from the roughly 8.2 billion in volumeit generated in all of 2020.But we believe it can go even higher as DeFi continues to gain mass adoption – and 0x pushes toexpand in the multi-chain universe.If 0x can sustain that growth rate, it would end theyear with about 167 billion in trading volume.Let’s assume 0x sustains its current 648% growthrate over the next three years. That would imply0x facilitating over 70 trillion in trading volumeby the end of 2024.To estimate 0x’s value, we’ll use its historical feeaverage, which is about 0.01% of trading volume.By comparison, Coinbase charges a 0.5% fee – or50x more than 0x.And if we use the same 0.01% trading fee, 0xwould rake in 7 billion in annual profits for itsZRX token holders.Based on its current fees, 0x would see about 17million in earnings ( 167 billion x 0.01%).Now at this point, we’d consider 0x’s hyper-growth phase to be in its past. And for thatreason, we’d give it an earnings multiple of 25 –matching Coinbase.And while this may seem small We believe it’sonly the start as the DeFi trend is still in its earlystages and hasn’t yet reached the masses.Let’s assume 0x’s current growth rate decreasesby half over the next three years. That’s about324% year-over-year growth in trading volume.At that rate, it’d see about 12.8 trillion in tradingvolume by the end of 2024.That would give 0x a 175.5 billion valuation.Or 207.62 per ZRX token based on the currentcirculating supply.That’s a 19,673% increase from today’s price.Enough to turn a 500 investment into 98,866.And every 1,000 investment into 197,732.Using a 0.01% trading fee, 0x would be earningroughly 1.28 billion per year.That makes ZRX a perfect asymmetric play – thetype of investment that could turn a tiny amountof money into a substantial windfall.To get a sense of what that means for the ZRXprice, we can compare 0x to the largest publiclytraded crypto exchange, Coinbase.Action to Take: Buy 0x (ZRX).Buy-up-to Price: See the portfolio page here.Stop Loss: NoneBuy It On: Coinbase, Gemini, Binance, orUniswapAs an early-stage project with cutting-edge techStore It On: MyEtherWallet or Ledgernology and huge growth potential We believe 0xPosition Size: 200–400 for smaller traders orcould fetch a multiple at least three times greater 500–1,000 for larger tradersthan Coinbase.Asset Class: Cryptos (Altcoins)Today, Coinbase trades at 25 times its earnings. Ifwe apply that same multiple to 0x, its market capwould grow to 31.9 billion ( 1.28 billion x 25).That would make 0x worth 95.7 billion – or 113.24 per token based on today’s circulatingsupply.Trillion-Dollar Portfolio Coin No. 3:Aragon (ANT)In May 2016, a DAO, a digital decentralizedautonomous organization, set the record for thelargest crowdfunding campaign in hist

lion-dollar ecosystem with its Apple Store. There are now over 4 million apps in the Apple App Store, up from just 94,216 apps when it first launched in 2008. And how did Apple’s App Store get to be so suc-cessful? It created an ecosystem that gave devel-opers a one-stop shop for distributi