Diamond Hands progress report

Summary

The conversation revolves around the establishment of a fund called Diamond Hands, which aims to outperform Bitcoin and generate significant gains. The fund will be managed by Tom and the community will have voting rights and receive airdrops based on the fund's performance.

Tom also provided insights into the trading strategy and the importance of waiting for favourable entry points.

The initial portfolio allocation includes Sol ecosystem plays such as Render, Pyth, Nossana, Shadow, Popcat, and WIF.

Takeaways

• The Diamond Hands fund offers fractional ownership for NFT holders and allows the community to vote on investment decisions.
• The fund will focus on the Solana ecosystem and potential investments in Popcat, Wyth, Render, Pyth, Shadow, and Nasana.
• The trading strategy involves waiting for favourable entry points and not chasing prices.
• The goal is to ride the market up during the bull market and sit in USDT during the bear market.
• The team emphasizes the importance of keeping investments and trades within the Solana ecosystem. The Diamond Hands fund aims to outperform Bitcoin and generate significant gains.
• The community will have voting rights and receive airdrops based on the fund's performance.
• The initial portfolio allocation includes Sol ecosystem plays such as Render, Pyth, Nossana, Shadow, Popcat, and Wyff.
• The fund is considered to be of medium to low risk.
• There is a possibility of creating a token for Diamond Hands.
• The relationship between Diamond Hands and Cryptonary is separate, but there may be collaborations and benefits for Diamond Hands holders.