Airdroplet AI summary

Three Protocol: Hidden GEM that Packs a HUGE Surprise!

October 18, 2024BoxminingAI score 7559,967 views

AI-generated summary

This video dives deep into Three Protocol, a project that blends AI, zero-knowledge proofs, and blockchain technology to build a private, decentralized e-commerce future. The project stands out as a potential hidden gem due to its low market cap, existing product, and ambitious vision for Web3 adoption. The presenter highlights its current successes and potential risks, offering a candid look at its prospects in the evolving crypto and AI landscape.

Here's a breakdown of what makes Three Protocol exciting and where its challenges lie:

Criteria for Finding "Hidden Gem" Altcoins: A great altcoin pick needs to have a market cap under $10 million for that huge upside potential. It also needs a compelling narrative or story that fits current trends and has room to grow. Crucially, a good altcoin should have a tangible product that's already released and usable, allowing people to actually "touch and play." Lastly, a sneaky but important criterion is that the coin should be listed on a few centralized exchanges but not too many, leaving plenty of room for future growth and exposure.
Why Three Protocol ($THREE) Fits the Bill: Three Protocol perfectly matches all these criteria. Its fully diluted valuation (FDV) is currently around $8.4 million, which is the same as its market cap, meaning all coins are already in circulation. This eliminates the risk of future "VC dumps" or unexpected token releases that could depress the price. The project is already listed on MEXC, indicating its legitimacy and readiness for centralized exchanges, yet it still has ample room for listings on larger platforms. The project's narrative is also compelling, combining an AI marketplace with a privacy protocol—hitting on several "current meta" trends in the crypto space.
A Game-Changing Product: Non-KYC Virtual Debit Cards (3Pay): Three Protocol has already launched a highly attractive product: non-KYC virtual debit cards. You can buy these Visa, MasterCard, or American Express cards directly using various cryptocurrencies, and they are available in 15 countries. The service has already garnered thousands of users, which is impressive for a recently launched product. The presenter feels this is a "sexy" offering, especially compared to meme coins that lack utility. The ability to obtain cards without going through the Know Your Customer (KYC) process is a huge draw for crypto users who prioritize security, privacy, and don't trust traditional banking systems or governments. This direct access to capital, echoing how platforms like Crypto.com (formerly Monaco) started, is a significant advantage, but with the added benefit of being non-KYC.
Ambitious Roadmap and Associated Risks: While the project has a working product, its roadmap for 2025 is incredibly ambitious, which the presenter views as a significant risk. Three Protocol plans to launch "3Bay" (a decentralized auction platform similar to eBay), "Auto Launch" (for automobile sales), a taxi service (like Uber), and "3E's" (like Uber Eats). These are all massive, established industries, and attempting to rival giants like eBay, Uber, and Uber Eats simultaneously is extremely challenging. The presenter openly expresses a preference for Three Protocol to focus on and perfect one vertical, perhaps even just growing their existing credit card service, rather than tackling so many difficult markets at once. While the current success of the credit card service is good, the sheer scale of the roadmap raises concerns about feasibility and market penetration.
AI Marketplace Competition: Three Protocol aims to address the perceived lack of good AI support in current Web2 marketplaces like Amazon, Fiverr, and Upwork. However, the presenter points out that by 2025, it's highly likely that these established Web2 companies, along with tech giants like Apple and Microsoft, will have deeply integrated AI into their services. This means Three Protocol's AI marketplace won't be entering a "blue ocean" (an uncontested market) but rather an "orange ocean" where competition will be fierce. This could make it much harder for them to gain significant market share.
Trading Depth Concerns: Another short-term risk highlighted is the current lack of strong trading depth for the $THREE token. While it's accessible on DEXs, the volume on MEXC isn't particularly high yet. However, the presenter expects this to improve as the project secures more listings on larger centralized exchanges.
Conclusion and Why It's Still Exciting: Despite the risks, there are three main reasons for excitement about Three Protocol. First, it already has a working, revenue-generating product with its virtual debit cards. Second, its market cap and positioning are fantastic, sitting at around $8 million FDV, which is incredibly low for a project with a tangible product. Lastly, there's significant room for growth through additional exchange listings. If the project can make even one of its ambitious verticals succeed, or simply continue to grow its current card service, it could be a massive win. The presenter encourages viewers to try out the cards and share their experiences, especially if they are fans of non-KYC solutions.

Video transcript

Open transcript

Hey guys, a new altcoin season is upon us. I don't know about you guys, but our investment team, we're going heavy into altcoins. Now, there are some criteria though for choosing good altcoins because we want that huge upside potential, which means that we're choosing coins that are under $10 million market cap. We're choosing coins with a good narrative, a good story that fits, so it has a potential to grow and capture that trend. We're also choosing altcoins that have a product, which is quite interesting, like something that's released, right? So people can touch and play and actually see. And finally, this one is a little bit sneaky, but we're choosing altcoins that have listed on a few centralized exchanges, but not on too many. So there's that room to grow and to explode. So that's our criteria, and we found the perfect one right now, which is three protocol. So I'm just putting that up here. And this one is looking fantastic because, all right, just look at this, $8.4 million FDV, fully divided valuation. That means that it's small cap. And right now, it's the same, the FDV is the same as the market cap, which means that all the coins have been released. There's no VC dump potential and all that, like funny monkey business going down here. On top of that, what's interesting is that they are listed on MEXC already, which means that they've done all the documents for centralized exchanges. Everything's legit, but then they have room to grow. The story is very, very cool because they're combining three things. They're basically doing AI marketplace with a privacy protocol on top. So yeah, that's like combining a lot of the current meta that's going on. On top of that, right now, what they have launched recently is a non-KYC virtual credit card purchase service. You can basically directly buy using whatever currency you like. You can buy Visa, MasterCard, or American Express. You can buy these cards in 15 countries available already, and they already have thousands of users. So yeah, if that's not sexy, I don't know what is. And I feel like this is just the perfect positioning because their market cap is like smaller than a lot of meme coins. That are just memes. This is like they're doing something, right? So that's what's really solid about this one. So today, I'm really excited to share that with you guys. And before we move on, of course, everything covered here is my personal opinion, not financial bias. And full disclosure, we are invested in this project as well. So we do have certain biases. Let's get started. All right, let's go very quickly over some of the disadvantages of 3 Protocol as well. And one of the top ones I will see is the roadmap. So they're actually doing a lot next year. In terms of rollout next year, they're doing the 3 Bay marketplace, which is kind of like a decentralized auction sale platform. I think eBay, but 3 Bay. Then they're doing Auto Launch, which is marketplace for automobile sales, taxi service, and a 3E's debut all in 2025. I mean, that's a lot, right? I mean, it's releasing next year, but these are like huge. They're basically trying to rival eBay. They're trying to rival automobile. They're trying to rival Uber and Uber Eats at the same time. I mean, these are four extremely hard pillars to tackle. So even if they get the tech ready by 2025, the fact that like for them to break into that market and become feasible players in 2025, that's risky, right? And honestly, that's risky. That's very, very ambitious. And I'll actually honestly prefer if they just chose one to focus on and then grow that. Yes, I mean, Drops 3 is out, but like, I really prefer if they focus on one and just win that game. Like, that's my personal suggestion on that. So that would be one of the risks. Too many things that's cooking up right now. I do have to say, though, that their current success on the credit card service, I think that's already good. And I think if they can grow this pillar, like in terms of expectations, I'm reducing the expectation on this, but growing the expectation on this, because this is really the lowest hanging fruit and see if they can expand that system beyond and kind of like work this vertical and just make it super strong. And this is a suite of cards too. This is not just a single card, but rather they have Visa, MasterCard, and Amex on too. Recently, they just launched this, like literally this week, and already just a thousand cards are being approved and that's going out. This is one of the hottest things because, well, previously, while it's possible to get cards, like think about crypto.com, that's how they got started, right? Crypto.com started as Monaco. They started giving out cards, but they were KYC'd. And now the KYC process is even longer. That kind of distorts the vision that we want, right? We want, you know, as crypto users, we want secure anonymous, right? We want to be able to access that capital and do it, you know, securely. And there's certain reasons why. Because a lot of people, especially with your OG crypto community, they don't believe in the government. They don't believe in the current corrupt banking system. So they want a way to access this. The second risk that I see is their AI risk. So right now, like, the kind of the problem description that they have for, in the white paper is that they kind of see the Web2 marketplace, kind of like Amazon and Fiverr, Upwork, etc. These don't have good AI support. And whilst this is true for now, come 2025, I would say that a lot of these Web2 companies are going to go full into AI. And we've seen that already with something like Apple, Microsoft, etc. I don't think Amazon is sleeping there. They're going to adopt AI in a very fundamental way. So I feel like they're, like, these products will face competition. So I feel like that's not, it's not going to enter, like, a blue ocean. But rather, these products are going to enter an orange ocean. And lastly, something I would point out is that at this current point, the trading depth is not super strong. So that's something that right now, if you're on a DEX, it's probably the most accessible on the DEX. MXC volume is still not fair yet. But as I would expect that as they get more exchange listings, this will improve over time. So in conclusion, guys, if you want three points as to why I'm excited for 3 Protocol, one is they already have a working product. They already have something that people can buy and generate revenue from. That's already super strong already. Second of all, the market cap and positioning, fantastic. Chef's kiss. Ah. FTP is the same as market cap and is sitting at around $8 million right now, which is just, like, amazing for something that has a product. And lastly, of course, I still see that exchange listing and positioning. If they have products, exchanges want their users. So, yeah, hit that strong. In terms of risk, of course, very ambitious project. Trying to deliver a bit too much, I would say. But with that going for them, if they can make one vertical succeed, that's going to be baller, to be the least. So, yeah, that's our perks pick. What do you guys think? Have you guys tried out those cards? Tell me if they work well for you. And if you are a fan of no KYC cards, leave a comment down below. And with that, guys, thank you guys so much for watching this video. See you next one. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye.