Vitalik Buterin's Cryptocurrency Configuration Revealed! How to Invest Like Him?

It is not easy to combine investments in cryptocurrencies, but following the big guys is at least a shortcut. If you want to model your investment portfolio after Vitalik Buterin, then here is your chance.

On February 18, Buterin disclosed his current crypto holdings and other relevant financial interests during an AMA (Ask Me Anything) session on the Ethereum Reddit community.

Initially, netizens asked whether Ethereum developers could follow the example of academia in disclosing COI (Conflicts of Interest). He said that in any academic publication, the author would state any potential COI, including the source of funds, grants received, speaking fees received, consulting fees, shares held, holding committees, etc. Obviously, developers including Vitalik Buterin readily agreed.

According to Vitalik's reply, in addition to Ethereum, Vitalik has also purchased non-Ethereum ecosystem tokens including: BCH (Bitcoin Cash), BTC (Bitcoin), DOGE (Dogecoin), ZEC (Zcash), with a total value < 10% of the value of ETH he holds; and Ethereum ecosystem tokens: KNC (KyberNetwork), MKR (DAI), OMG (OmiseGo), REP (Augur), with a total value < 10% of the value of ETH he holds.

In October last year, due to questions about his Ethereum holdings and pre-mining, Vitalik Buterin once publicly disclosed his Ethereum account, which was also marked as VB in Etherscan. CCN estimated based on Vitalik Buterin’s main Ethereum address and other addresses that his liquid assets are less than 60 million US dollars, most of which are in 350,000 Ethereum, which means that the above two types of assets do not exceed 5 million US dollars.

It is worth noting that Vitalik’s investment includes two types of special currencies, including the anonymous coin ZEC. In September 2018, Vitalik published an article saying that Ethereum can use the technological innovation of privacy-centric Zcash to enable ETH to process up to about 500 transactions per second; and the stablecoin MKR, which is the first decentralized stablecoin on Ethereum.

In addition, most of the Ethereum ecosystem token investments he provides have long-standing connections with him. KNC (KyberNetwork) and OMG (OmiseGo) are blockchain projects where Vitalik Buterin serves as an advisor. The former is a decentralized digital currency payment and trading platform on the Ethereum network; the latter aims to establish a blockchain payment system. REP (Augur) is a decentralized prediction market platform based on Ethereum, which has also been supported by Vitalik Buterin.

However, other currencies that the media had previously found in Vitalik’s account, such as Wrapped Ether, XENON, DATAcoin, and PETH, are no longer mentioned.

Vitalik also disclosed in the AMA that he has "significant corporate equity" in blockchain startup Clearmatics and scalability and privacy-focused blockchain startup Starkware. It is reported that Clearmatics aims to establish a "decentralized clearing network" using the Ethereum blockchain, and Starkware is a blockchain privacy solution provider that has developed cryptographic technology zero-knowledge proof.

In addition, Vitalik disclosed his external income in the past 12 months, including his salary from the Ethereum Foundation and the fees he received as a consultant for the above projects.

Vitalik also discussed his non-financial involvement in other blockchain projects, including the aforementioned token ecosystems, as well as some non-token Ethereum-related organizations; such as L4, Plasma Group, EthGlobal, and EDCON. L4 is an Ethereum investment research institution, originally founded with the assistance of Dimitry Buterin (Vitalik Buterin's father), and its expansion research work has been funded by millions of dollars from the Ethereum Foundation and Vitalik himself; Plasma is currently developing Layer2 expansion solutions, EthGlobal is an Ethereum hackathon organization, and EDCON is a non-profit global Ethereum conference that supports the use of ERC20 tokens to purchase tickets.

Justin Drake is another Ethereum Foundation developer who disclosed his financial data during the AMA. He said that 99% of his tokens are ETH. He uses ETH as collateral to go long on ETH on MakerDAO and claims that his fiat currency holdings are close to zero.

Source: Daily Planet

Author: Aloe