My Keeta (KTA) Thesis

Some people have been making a lot of noise lately around Keeta. It’s a polarizing project that may make people look like either an XRP cultist, or a flat Earther denying all of Keeta’s capabilities. I personally believe the project is in the right direction: the team seems to be open-minded and embraces criticism from the community; lately some listings were made in minor CEXes; Agora’s partnership is promising; and still lots of things to come, like Coinbase’s listing and other partnerships. I think anyone who believes the latter is being foolish, and keep denying this is a great project with lots of potential is nothing short of absurd. It’s definitely a great project with potentially greater returns, but with some caveats.

And I do not want to be the one to kill the vibe, but I think some things have to be taken into account to understand to what extent Keeta can be the infraestructure of future’s finance.

It’s not apolitical

First and most important, it’s an American company. One of the main positive aspects of Bitcoin it’s the fact that it can’t be censored, it can’t be corrupted by some government and it’s not subject to legislations in last instance. Even if it got banned, people would be able to keep using it. That wouldn’t happen to Keeta. One of the things that make it a promising project is precisely the KYC (as you know, Know Your Costumer, or how in some anarchist-leaning communities like to call: Kill Your Costumer) and the compliance capabilities what makes Keeta look more like tradfi, with everything what that implies. If the US government wants to censor a group of people or seize the funds, theoretically* would be possible and Keeta Network would have to comply and bend the knee. Some would say that one has their own keys, but I wouldn’t trust an American company not to have some kind of backdoor or admin key, and so would not any government not aligned to US interests.

Precisely in the times we live in, and due to Russia-Ukraine’s war measures, countries confidence in US and Europe has vanished. In one of the biggest “shoot yourself in the foot” events in history, it has been demonstrated that SWIFT can be used as a weapon and the sanctions and embargoes made to Russia make other countries fear that if they do not align with western’s interests, they may be financially disconnected or suffer the consequences like Russia. Therefore, the adoption of Keeta Network on BRICS countries or others that do not align with western values seem pretty unlikely. That reduces substantially the number of countries that potentially would use the network.

I started writing this on October 7, and next morning a couple tweets have appeared in my timeline talking about US vs China due to the chinese memecoins on BSC. It didn’t take long for the so called Keetards to appear and claim that Keeta was team USA, destined to defeat Chinese garbage. Overwhelming logic for people that shill a project that tries to be a global network, hate blinds people. Lots of folks still have no global vision and assume infraestructure produced in the US is still candidate to be global and enforced in every economy.

*I may be wrong on the affirmation, I can’t categorically affirm a backdoor can exist nor wouldn’t do so, however I know that countries that don’t align with western interests wouldn’t use a western infraestructure in today’s world. Even if we were talking about Keeta Network being a competitive edge, they would just copy the project and make their own.

Still early, still volatile

The mainnet sell-off is by some drawn as if it was a “sell the news” event. And while I do not reject that affirmation, I do not second it. People were expecting too much and I think more or greater partnerships were priced in, hence the disappointment. You only had to refresh a couple times on X to see tons of tweets in CT of Keeta’s community practically saying everything was over, and that they were swindled. Yes, maybe the team was hyping things unnecessarily and talking about a new partnership when basically Agora’s official account had confirmed they were “working with Keeta” two days prior, was such a stupid play.

This take overall is what esceptics repeat as a mantra, claiming that it’s mere hot air and that it has a Nakamoto Coefficient of 1. Funnily enough all these people that do so end up having either 𐤊, mention Nano, or XRP, on their handle, pfp or description. That’s why I dismiss all these people’s opinions, as, while I love scepticism, if it’s just repeating the same stupid and decontextualised arguments it’s not scepticism, it’s FUD.

Volatility is another aspect that dampens hopes in the project. Some individuals gamble putting life savings into a new project and enter a despair phase, even selling their bags, losing money in the process. This has been seen as mentioned before in the post-mainnet selloff. New DEXes have to embrace Keeta and list it to reduce the impact of huge players in the price of the asset.

Anyway, things right now look nice, but some time is needed. At least people that did not leave the boat probably have learnt the lesson and will wait more patiently. I still see a lot of “$40+ EOY” on X though, so I’m not too sure about that either. And do not get me wrong, I would love to see KTA reach $40 as I would be a main beneficiary of that, but I think we have to be down on earth. Roadmap 2.0 looks promising, let devs dev.

Unlikely, but deregulation might make the network pointless

It’s really far-fetched, but there could be the scenario in which the current administration opts for deregulation and ease or end compliance for companies, which is what holds them back right now and stops them from buying or using cryptocurrencies and tokenising assets. Other aspect that makes Keeta so special is precisely this, as mentioned before, compliance. If companies don’t need to comply and can use the already popular networks, there would be no point to depend on an early stage network, instead of going to something already solid like Ethereum or Solana. Arguably it could be used anyway thanks to other capabilities the network promises, but one of the early promises and what will drive more institutions to the network seems to be the KYC/AML compliance.

Not everything is bad, quite the opposite

I wouldn’t leave just bringing negativity. Although I have some doubts about how everything will unfold, I remain confident. I still keep all my KTA tokens and will keep in the future because I believe in the project, been DCAing since June and will keep adding more each month or buying the dips. While I see every two-digit prediction too optimistic, I think everyone that has jumped into the boat so early will get good returns.

I would also like to mention that some partnerships remain waiting to be announced, and more can be and will be negotiated by the team. I think Keeta just needs Coinbase to list it to reduce the volatility and once done that it would be one catalyst away (a major partnership), to get again to ATH, maybe even price discovery.

Also, I have read some plausible theories on X that I liked and were likely to materialise. X Payments is probably my favourite. As it would be either purely tradfi or it would need to have some sort of compliance in order to be DeFi, and that’s where Keeta comes into play. X Payments developers also know about Keeta’s existence, as the lead dev follows Ty on the platform, which make people think if that partnership can materialise. If true, it would be one of the biggest catalysts Keeta could have, as it would probably be mentioned (and even shilled) by one of the biggests KOLs in the world, Elon Musk.

Conclusion / TLDR

For Keeta holders, their best weapon is time, as contrary of Keeta bears, that see how new exchanges keep listing the token and how the team slowly delivers what is promised. Although I personally think the aims of the project won’t never reach a global and universal status, it’s a promising project anyway. I consider this community sometimes resembles to “XRP world domination” cultists, and even though it’s a technological advance compared to that dino coin, we should be realistic with the aim of the project.

Brief disclaimer

I would like to finish with a little disclaimer: this is only my opinion and my concerns. I would love someone to refute everything I have said and give me other point of views, and I would also like that everyone in the community was opened to debate instead of blindly believe that they will become rich overnight. I will probably keep updating with new posts if I change my mind on what I said here.

If anywant would like to contact me or discuss anything can do it by messaging me on X, I’m completely opened to debate.