I survived the bear market and claimed my $FRAME tokens!
@frame_xyz is the Layer 2 for creators and collectors. If you've traded NFTs on Ethereum and paid royalties in the past two years you're eligible! 🖼️🎄
You can check here 👇 https://t.co/DRHWoDbDaH
Hello everyone! Intern from @JupiterExchange here. 👋
The official allocation checker site will be up on Friday, where you will be able to connect your wallet and see your allocated token amount.
In the meantime, I want to share more about the analysis we’ve been doing, and explain some of the nuances involved as we go about firming up the final values for consistency, OGs, and 2023 volume.
Intern is sorry that she cannot cater to every edge case or scenario out there, but she will try her best.
1/ Attribute all Jupiter users fairly
My first priority is to make sure that all Jupiter transactions are accounted for properly.
This is challenging and took up a lot of time because Jupiter has more than 100M transactions across 8 historical and current contracts by 2nd Nov 2023, with different transaction patterns for different products. (It has exploded since then, but that’s the job for the next intern hahaha)
We took pains to break out transaction data and make sure users are attributed well. For example, DCA transactions are executed by our keeper bot and we attributed it back to the user. Limit order takers are already represented in swap volume, but we attributed makers on completed trades too. We want every precious Jupper to get their share as much as possible.
2/ Performing Cluster Analysis
While it’s perfectly fine for power users to have several wallets with significant volume, we need to distinguish them from entities who create extremely large clusters of wallets.
With the help of machine learning experts from @AlliumLabs, we found several major clusters and will be looking into whether they should be removed from the tiered volume-based allocations.
3/ Understanding the presence of bots in the higher tiers
While we appreciate bots (that’s why we have such a comprehensive and friendly API), we need to ensure they do not dominate the top tiers.
In addition, there are many different kinds of bot volume, including arb, market making and washing, so we did a lot of analysis. We will likely be removing arb volume (defined as same mint or stable-stable pairs with profitable outcome in USD) from the volume scoring, while having a volume discount for bots.
This should provide rewards for users who run bots while ensuring they do not dominate the higher tiers, since they are likely to have a lot more volume.
4/ Multiplier values should be sound.
We drew up some distributions to help us to evaluate where to cut off the multipliers. For example, if we reward users who have interacted with Jupiter across 3 distinct months, we will amplify the top 20% most consistent users.
According to the last tweet, we are only applying the 2023 volume multiplier to old users who have transacted with us before 2023. With this criteria, 144K number of wallets and $3B of volume (unadjusted) qualify for the 2023 volume multiplier.
5/ Others
Other things that we've been working on include:
• Discussing if there are any sound & scalable solutions for the myriad of requests we’re receiving such as rescuing compromised slope wallets
• Looking at appropriate definitions for “OG” and what bonuses might apply
• Building a helpful allocation checker site
• Drawing up an initial community contributors list and preparing a separate page for community submissions
In summary,
Interns have been working very hard to get the official allocation check up, and putting a lot of care into verifying values and simulating outcomes, because so many of you have put your heart into engaging with Jupiter.
We expect the allocation checker site to be up this Friday. The JUP token will not be live until later, so there is no rush to check your numbers at the exact release moment.
I'm going back to work with the other interns to get your numbers and site up. Will be back after that to give you a full report if you're interested. Also many people involved to thank! 😘
In the meantime, if you would like to sing & dance & jam on cool cat & space memes, come hang out in our discord -> https://t.co/QclnIZu3uo
Love,
Intern
https://t.co/StDWCS8PzR
The Claim Process for the Pyth Network Retrospective Airdrop is now live.
Eligible individuals can find the Airdrop Claim Page at: https://t.co/cxUzXagqMl
Learn more below:
Guide to Claiming
You can read the how-to guide on the Claim Process at: https://t.co/WmDImUkM5m
In summary, users will first connect their relevant wallets and or Discord account. They will then be prompted to sign their wallets to receive their allocation on their connected Solana wallet.
About PYTH
PYTH Tokens are in the SPL standard, meaning you will need a Solana (SPL) wallet to receive the allocation. The Claim Process can walk you through the creation of a Solana wallet if you do not already have one.
We strongly advise readers to take precautions and be wary of potential scams. Always verify that any Pyth Network webpages you visit are from the https://t.co/PvyzdZscvD domain.
FAQ
If you have any questions, you can consult the new Frequently Asked Questions (FAQ) webpage:
https://t.co/vOw4kH7qlL
Safety
Please verify that the Airdrop Claim Page URL is: https://t.co/cxUzXagqMl. Please ensure that all Pyth Network official websites you are visiting are under the https://t.co/PvyzdZscvD domain.
You can find all official Pyth Network social media channels at https://t.co/2gdB1zTq5z. You are responsible for verifying that any Pyth Network social media channels you visit are listed in the official community hub.
My thoughts about the current state of @DeGodsNFT.
Warning.
This tweet gonna be long as fuck.
Little bit of my background in the community:
I invested in DeGods right before the paper hand bitch tax was cancelled (about 18 months ago).
I liked their art and decided to buy 2, after experiencing being a holder I decided to buy 4 more (spent about 30 SOL for all 6, which was half of my crypto portfolio at the time).
I got some friends in there early, too, @gaurwrath and @chip_dub_sniper and we all are still holders today.
I made many friends there, and spent countless hours chatting away with people about life, about investments and some stupid shit we all do :).
I was able to buy a house for my sister and also bought myself a @solBOOGLE thanks to the profit that I took over time.
Yes, I wasn't just holding, I was always swing/trait trading and managed to up my DeGods bag from 6 DeGods to almost 30 DeGods over time despite taking profit constantly.
I was always a very vocal supporter of the project, and tried my best to help/contribute to the project too.
I gave many people good trait-trading advice in the community, I worked as an alpha caller and also co-founded X+.
Now that you know my background let's go forward with S3:
Firstly, my thoughts about the team.
I personally believe that they always have the best intentions for their community.
Unlike many other NFT projects, they truly like giving away free shit and then finding a creative way to raise the funds for their team.
DeadGod upgrade was for 1k Dust which we got for free for staking our DeGods.
y00ts mint price was 375 Dust, which again was freely minted by holders who were staking their gods.
Lastly, the S3 art update was 333 Dust (this price gets lower by 33% every month). And all of this money goes to the points parlor rewards.
A DeGod staked since day one would make an average of 3k Dust which is more than enough to pay for everything mentioned above.
One could argue that the team minted 500 BTC Gods for 0.33 BTC and made 5m USD from it.
But these gods were bought by the team on the secondary market as part of their PHBT roadmap and the team burned over a million USD doing that.
Besides that, they listen to the community and provide new content to enjoy their time in Web3, with new art, y00ts mint and basketball games due to the purchase of Killer 3s.
Regarding their 2 big decisions:
1) Bridging to ETH:
I have always been a big supporter of the Solana Ecosystem and have a good chunk of my portfolio invested in SOL and my pfp reflects that.
I believe that DeGods had no more growing room in SOL (DeLabs ecosystem was making 80-90% of the NFT trading volume on SOL before the bridge).
This might of course change in the future. I can see SOL NFT ecosystem thriving during the next bull run due to user experience and superior tech but currently, ETH is where the money is at.
I was not happy with the timing of the announcement of this decision (SOL was having a very bad day due to the FTX crush).
I was vocal about this. I complained in the discord (of course got clowned by some holders lel) and also sent a long ass message to @frankdegods about my concerns regarding the timing.
The bridging turned out to be a good decision in terms of floor price. Just the bridge hype itself was enough to pump the floor from 400 SOL to 900 SOL and DeGods FP reached 1.1k SOL at ATH on ETH.
I don't think that this would be possible on SOL during the current market situation considering how bluechip projects perform on SOL (and also ETH).
2) The art direction:
I like the new art, I can see that they listened to the community and addressed all the rugged traits (knives, sticks etc.).
However, the direction of the art might not be the best for the community, since many who are used to very detailed art see less detailed art as a downgrade.
So what went wrong?
1) The NFT market:
The entire NFT market is suffering atm and many people saw big projects losing their value over time (some were more brutal than others e.g. Azuki)
This put fear into people's minds and many long-term holders were scared to hold and outsiders were scared to buy.
2) High expectations:
The community's expectations were over the roof and the team contributed to this with their statements.
They, in the end, realized this was an issue and decided to lower expectations but this did not work out.
3) S3 execution:
Their execution was so bad that many people thought that this must be a marketing stunt and started to craft theories around this.
Even I could not believe what I saw and thought that there might be a possibility that this could be the case.
Imagine working on smth for a long time and after you share it, your holders think it was a joke or marketing stunt. That must be really brutal for the team too💀.
4) Points Parlor:
Again was hyped a lot by the community and the team. Although it is a good concept to give back to your holders, it still has many flaws (e.g. giving out 0.1 Dust as a prize or prizes that are only available for those who live in the US).
Thoughts after the dump:
1) Twitter FUD:
Unfortunately, NFT Twitter has developed a culture of celebrating others' losses. Nothing makes people happier than seeing others lose money so that they can say they were right.
For DeGods, this is at a more extreme level because mostly the same people were warning about the dump of DeGods for over a year.
They were always wrong. Until today. And they feel so happy finally being right and are celebrating here on Twitter, so I understand them.
I personally believe that everything is fair game on Twitter, but celebrating others losing money certainly is not inviting for newcomers to web3.
2) The team's response:
They held AMAs all day yesterday. Answered people's concerns and are willing to work based on what they heard. I think this is a good start.
3) The community:
Unfortunately, the community lost many OG members yesterday. This is the hardest thing to recover from and it will take time.
I was awake until 3am yesterday, DMing community members to make sure that they were doing okay because I know from first-hand experiences that this shit could be brutal (FTX 💀).
4) Trust:
DeGods community has had a lot of dumps, e.g. post t00bs mint, FTX etc. But none of these dumps were due to misdoings of the team. But this time, there was a real fuck-up and some people lost their trust in the team (this again will be hard to recover from).
Finally, my current stance: as mentioned before, I'm a trader, I made my way up to 30 Gods from 6 Gods. The number of Gods I constantly hold changes depending on the announcement cycle.
Before large announcements/steps, I always take loans (with high LTV and APY) to be safe and protect myself from selling the news events.
This again was the case and I took loans for 20 out of my 30 DeGods, and thanks to that, I did not take a huge hit.
Yesterday after seeing the market's reaction to the points parlor, I sold 7 out of my 10 S2 DeGods and then bought 7 S3 DeGods back (0.5 ETH cheaper each) to save myself from S3 DUST costs.
I will be holding at least 10 DeGods to have access to the X+/DeGods community and support the team and community as long as I can see that the team is listening to us holders and trying to do the right things.
To finish with:
My heart goes out to all my fellow DeGods holders, it was a brutal day for all of us.
I hope that we can survive this shit and come back stronger than ever.
Cheers and out🫡
The Complete Cyber Security Course Drive
Volumes 1, 2, 3 & 4
👉 Act quickly as the link might be taken down soon.
Don't miss out!
#infosec#cybersecuritytips#ChatGPT#Hacking
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We are very happy to be bringing @FoxWallet into the MovEX family! Look forward to working more with this amazing project.
Make sure you are following both @joinMovex and @FoxWallet for more great news!
#SuiNetwork#Suinami
We are excited to announce our partnership with @AbyssWorldHQ 🤩🤩🤩
The #1 DEX with the #1 Game, together on the #SuiNetwork!
Another amazing #SuiEcosystem partnership, look for great things coming from @AbyssWorldHQ!
🎉Last Call to our OG Program🎉
🚀Are you ready for #SuiMainnet launch? We are!🚀
👑Last 100 OG Sensei will be all out -Airdrop Guaranteed!👑
💸OG Starter will also get a chance to earn airdrop💸
Deadline: May 7
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🌊#SuiNetwork 🌊#Airdrop🌊
🌊🌊 Investment Announcement 🌊🌊
We are thrilled to announce that @Mysten_Labs is an investor in @joinMovEX !
MovEX will continue to build up on-chain finance on Sui. We would also like to express our sincere thanks to the entire Sui Community for their support since day one.
🌊Sui Mainnet is here!🌊,
🎉And we're thrilled to Re-introduce MovEX
The first Dex on @SuiNetwork ➕
Core Builder of @DeepBookonSui
🚀 Now Scaling Up to Hyper Defi Platform, backed by @Mysten_Labs, serving full lifecycle of on-chain finance. 🚀
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https://t.co/CZF5WZGQUq
4. Suiswap's Journey to Mainnet
We're thrilled to launch our first Testnet Airdrop for community members with Suiswap Points.
Hold your airdrop tokens and explore our platform's features using received SSWP tokens.
See more: https://t.co/LbzNSWwlJp
3. Suiswap's Journey to Mainnet
Today, we are officially launching the Suiswap documentation website https://t.co/HJy59PV07l .
We will gradually update Suiswap documentations with important information such as community news, project introductions, tutorials, FAQs, and more !
2. Suiswap's Journey to Mainnet
Join our Discord & connect your wallet for the testnet airdrop test & mainnet airdrop. Get:
1. Testnet & mainnet airdrops
2. 100 Suiswap Points
3. Access to on-chain events.
Follow image steps to connect wallet.