Alex 🛸 (💙,🧡)

[MAXIMUS @maximusss]

One-on-one with @LucaNetz https://t.co/RI0veYXNnE

[Coin Metrika @coinmetrika]

@0xfoobar, friend, two months of silence on @clustersxyz is alarming. No news, no activity on X. Is the project still alive? Or has all the focus shifted to @CircuitAI? What is the relationship between these projects and @delegatedotxyz, released by the same team, @SelvLabs?

Is there a roadmap for clusters? Users simply don't understand whether they need to renew their names...

It's time to open up to your users and supporters and share your immediate plans.

[Alex @AKolomejcenko]

I think this music fits @opensea better.

[Alex @AKolomejcenko]

I watched an interview with @CashBowie , and it really shocked me.
What shocked me was how detached the project founders are from reality and how little they understand what they’re doing and, most importantly, who they’re doing it for. But let’s break it down step by step.
1)
@AbstractChain has over 900k active wallets. We can check @Dune and see the 900k figure in reality, but let’s dig deeper and look at how many wallets log in daily. On average, that number ranges from 2 to 5 thousand wallets.
2) @CashBowie talks about an IPO, but let’s look at his previous workplace and see what he did with his last project, @zksync . The project raised 500 million and now has an FDV of 1.3 billion. There are also rumors circulating that the @zksync team distributed the airdrop mostly to their own wallets—up to 90% of the total airdrop. Considering how little the guys from the chats received, I can imagine that might be true. As for the IPO—okay, I might believe it if @base were doing it, but @AbstractChain ? Understand, I have a lot of respect for @LucaNetz and what he’s doing; I really like Abstract itself. But as a crypto enthusiast, I absolutely dislike the idea of Abstract holding an IPO, and I don’t believe it and don’t want to believe it.
3) @redbull company brought in 240k users. This is where Michael Lee’s complete detachment and lack of understanding of what he’s saying become evident. To give you context, I have friends who enjoyed exploring crypto through Abstract and its apps. They played @playgigaverse , did swaps, and other things, and over six months, they earned about 9k XP. Two companies with Red Bull brought in over 10k XP, which led to a massive influx of Sybils for the second company. To call these real users is utter nonsense. This reminds me of the L0 and Brian era—when you had to sell your project OTC, all those users were considered real. But as soon as it was time to distribute the airdrop, they suddenly turned into Sybils. So, don’t be hypocritical—give real numbers. Abstract is currently used by 5-10k people, judging by Dune.
4) Respect your early supporters and users. An IPO is a path to ensuring that a large part of the audience won’t be able to realize their XP. The CIS audience can’t participate in an IPO right now—and to say such things in an interview means you haven’t even considered this aspect. For example, I have a GOLD rating in Abstract and over 150k XP. In the case of an IPO, I wouldn’t be able to participate due to legislation, which is exactly why I use crypto in the first place.
5) And in general, I’ve always felt—and still feel—that @LucaNetz is an example of a true crypto enthusiast who believes in the idea of decentralization. What IPO, guys? For us, the supporters of Abstract and the people who use and enjoy this product, we don’t need any IPO.

[Coin Metrika @coinmetrika]

👀 Movement RIP. The ambitious MOVE blockchain suffers one shock after another

1) The @movementlabsxyz project is in a real mess. Yesterday they opened the long-suffering airdrop claim, from which they eventually excluded 90% of the remaining distributions. They justified it with sibyl attack, which was detected by Chainalysis and TrustaLabs since December 2024, while the project was drowning in scandals and manipulations.

In fact, the project, backed by Donald Trump's @worldlibertyfi, signed its own name to the fact that it had no live users besides bots. Investors paid millions of dollars to draw metrics and scandals!

[Alex 🛸 (💙,🧡) @Alexvoloschenko]

@dolos_diary почему молчишь?

[Alex 🛸 (💙,🧡) @Alexvoloschenko]

@dolos_diary hello........ как ты?

[Alex 🛸 (💙,🧡) @Alexvoloschenko]

$BULLY что ты ум��ешь?

[Alex 🛸 (💙,🧡) @Alexvoloschenko]

@dolos_diary Привет. Что ты умеешь?

[Alex 🛸 (💙,🧡) @Alexvoloschenko]

@coinmetrika @Scroll_ZKP @sandypeng @yezhang1998 Good tred

[Coin Metrika @coinmetrika]

👩‍⚖️ Scroll. The Wrong Turn

Recently the @Scroll_ZKP team announced details of airdrop https://t.co/2UeURjK1HX. And I think it's not a fair giveaway without even seeing the details. I'll try to justify my opinion below and would be happy if @sandypeng and @yezhang1998 reply how they see the situation.

1) Ordinary users have been raising the TVL project https://t.co/8yKqCx2ebX for a year, mintering endless Scroll Canvas badges, spending money on commissions online. I repeat for a whole year. And the project allocates 7% of the issue for them. At the same time there is an announcement of Launchpool on Binance, where 5.5% is allocated in just 2 days. What is this? Are the project's own users less of a priority than Binance users? It would be fair to reduce the share for Binance and increase the share on airdrop 1. A year and two days is a big difference. 7% and 5.5% agree not that significant.... It's understandable that it will be forgotten over time, as with many drops. But in the perspective of 6-12 months it will be in the memory of retail and will have a negative impact on the token.

2) The idea of announcing an open snapshot date of 19 Oct 2024 looks really bad. Who is it for. So that big capital can bring in a large amount of funds in the remaining 11 days and farm all the brands, completely shifting the entire brand distribution? That's exactly what it looks like! Usually a project rewards early users over late users. And in this case, it rewards the large wallet who will start liquidity, get a large drop, and withdraw liquidity in less than 2 weeks. This is the end of all benefits for the project from such a user.

We know what such whales usually do with drops. Let me remind you, according to @ArkhamIntel analytics, Justin Sun received $8.75M from Eigenlayer https://t.co/gwJBkP5ufr. And sold over 2M tokens in the first 24 hours after receiving the airdrop.
If other sources are to be believed, his airdrop was even larger (5.75M $EIGEN tokens according to exchange data https://t.co/xSSeKqExlJ) and the sale brought in $21.66M and raised questions about its potential impact on $EIGEN market trajectory.

3) Special attention should be paid to the one-sided change of vesting for early investors, who, as far as I know, learnt about it also from the public announcement (or is it not so?) and ran to the OTC to dump their allocations, because they were initially given other terms. It's no secret that there were OTC deals on the market not so long ago, where early seed investors transferred their tokens to new owners, and as far as I know it happened under the supervision of the #Scroll team. The vesting spocks in those deals were better than they turned out to be in the end. As a result, those investors who re-bought the rights are disappointed. So are those investors who didn't get out in time and learned of the vesting changes from the public announcement.

As a result, the other day I saw an offer to sell $3M worth of $SCR tokens on the OTC market in one transaction, not counting others. This is a prime example of what I'm talking about above. Investors are not happy! There will be problems with retail, investors are already in trouble. And how will the project move forward, alone? That looks controversial and troubling, too.

[Coin Metrika @coinmetrika]

10) And a tip for @PrimordialAA @LayerZero_Labs . Don't hurt the working people. Taking from the rich is not as bad as taking the last from the poor. You need to give out widely, all users are useful. You said it yourself earlier! Yes, the value of a user is different. And airdrop can be distributed based on that value. But it's silly to deny it. You have a chance to turn the game in your direction, to distribute airdrop decentralized to a large number of wallets and transparently, so that there are no questions like with zkSync and Starknet.

[Coin Metrika @coinmetrika]

9) Everyone understands everything. Projects and teams are not on the side of users. They play their dirty games and cover themselves with the word decentralization to make more money. If anything I don't claim airdrop from @zkSync. But I will not be silent as a representative of the community anymore! Projects have switched from tokensales to airdrops only because it is easier to distribute tokens to their wallets.

[Coin Metrika @coinmetrika]

8) Or here's a wallet that received 100,000 $ZK tokens. https://t.co/iWOOsSoBMu
As per instructions he threw in liquidity and bought 2 HOLD, LONG tokens for the multiplier. Did nothing in other networks except one tx in Optimism and in Ethereum network some tx. And that's it! What a lucky wallet..... Or knowledgeable about something? I wonder whose it is?
@zksync @TheZKNatiou

[Coin Metrika @coinmetrika]

7) Another example from @0xNonceSense. Developer with 47 wallets does only what is required to get airdrop, gets 660,000 tokens on his wallets. @zksync @TheZKNatiou

https://t.co/HpuhqqF8LT

[Coin Metrika @coinmetrika]

6) Another example. A user deposits funds on February 22 and immediately withdraws them. And gets airdrop for 160,000 $ZK tokens as a moderator. @zksync @TheZKNatiou

https://t.co/PAta6rpHD1

[Coin Metrika @coinmetrika]

5) There was a leak within the project or ecosystem. Intentional or not we don't know. But the facts are there. Ecosystem project Woo publishes a post on March 27 that the @zkSync snapshot is probably made on March 14 and that among the requirements will be a wallet balance of 100 USDT. Isn't that a lot of coincidences? https://t.co/cQ10F9W8Z6

[Coin Metrika @coinmetrika]

4) the league system for wallets is completely opaque, where wallets that did not score 450 $ZK were stripped of their allocation in the third stage after the multipliers. The team did not provide a formula or other mechanism to verify the wallet. Users are deprived of the opportunity to verify that their wallet did not score the required minimum. Why the whole selection system then? We could have chosen the winners on dice..... @zksync @TheZKNatiou

[Coin Metrika @coinmetrika]

2) 9,000 wallets got the maximum airdrop @zksync of 100,000 $ZK tokens. That is 900M tokens from 3.6B went to only 9,000 wallets. That's 4.3% total supply. Many projects only give out airdrop at 5% to hundreds of thousands of wallets. Where is the decentralization? The main volume of tokens is distributed to a fairly centralized list of wallets.

[Coin Metrika @coinmetrika]

Airdrop failure from @zkSync or where is the decentralization?

Blockchain is a transparent territory. Traces remain, even if someone leaves an airstream for maneuvering.

The @zksync team has made a sensation in the crypto community with the most opaque distribution possible. Some points are simply absurd.

@gluk64
@frogmonkee
@Ozhar
@Yogi13031997
@stonecoldpat0
@TrustlessState
@Caneleo55
@heycape_
@0x_Lens
@gluk64
@TheZKNatiou
#zksyncscam

1) 13,000 wallets with 0 tx in the zkSync network received an allocation. And what use are these users to the project if they haven't even come in contact with it? https://t.co/T7Tigfx0FX