One of the most experienced VC Fund Digital Currency Group had two major privacy bets in the past two cycles: Zcash and Horizen.
Zcash did 22x in the 2016-17 bull cycle. Horizen did 33x in the 2020-21 bull cycle.
Horizen was a step ahead of Zcash in terms of privacy tech and usability.
The alpha here: DCG took another privacy bet at the end of 2021 on a privacy-focused coin that supports confidential transactions, and Vitalik is an active user.
They have a yield-sharing governance token, and the protocol is generating around $30K in weekly fees with fewer than 20 active users. Just imagine the potential when the protocol starts getting bridge-level adoption. Across is doing 15K daily active users - huge potential.
Most of the people using that privacy-focused protocol are moving large sums of money in a private manner, around $12M every week from 120 weekly active users, averaging around $100K per user - loved by users.
They are also going to allow DeFi-based private transactions, as their DAO passed a recent proposal on integrating smart wallets - bullish catalyst.
The project is also sharing 2% of the DAO revenue with governance token holders in $DAI, $RAIL, and $ETH - great utility.
The project's name is @RAILGUN_Project, and the token name is $RAIL. It's trading below $70M FDV - easy 10x from here once it gets the right attention.
Additionally, DCG bought $10M worth of $RAIL from the open market at an average price of $2.5M, based on unusual volume detected on December 31, 2022.
They announced the investment publicly too, which you can check here:
https://t.co/ehDkTdMxBo
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.