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Three Protocol: Hidden GEM that Packs a HUGE Surprise!

Channel: BoxminingPublished: October 18th, 2024AI Score: 75
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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.