Azrangar

Efficiency through blockchain

[Trend Scalez @TrendScalezz]

No fkn way, this is peak cinema 😂

Hello Kimchi

[Azrangar @Azrangar]

@blknoiz06 @Punk_Monke With a queue to exit, no.

[Azrangar @Azrangar]

@wyckoffweb They are Jews, what do you expect 😄 🤣

[Azrangar @Azrangar]

@blknoiz06 Except you assume traders will be able to exit

[Azrangar @Azrangar]

Unlike other traders on here, Ansem isn't afraid to admit that the market has turned and it is time to be cautious. One must read what the chart is showing and not what they want to see on the chart.

[Ansem 🐂🀄️ @blknoiz06]

dont know, i just look at charts

reasoning for my being bullish past week was that a higher high here would maintain bullish structure and trend

weekly bearish engulfing to downside breaks trend & makes it more likely the inefficient move we had on the way up gets filled

this setup + equities having reason to selloff w/ macro/inflation fears + anthropic growth slowdown is enough to be concerned

[Beanie @beaniemaxi]

Papertrade advertises zero fees. I went through the numbers on a simple trade and that isn't what I found.

Say you go long Bitcoin at $80,000 with $1,000 of margin at 1000x. Your position is worth $1M, or 12.5 Bitcoin.

Each $1 move in Bitcoin is $12.50 to you. Your $1,000 covers an $80 drop, so your margin runs out at $79,920.

Papertrade liquidates you at about $79,960. That is a $40 drop. At that point you have lost $500 on paper, but they keep the full $1,000.

On the winning side, say Bitcoin goes up $50 to $80,050. Your profit on 12.5 Bitcoin is $625. Papertrade pays you $406, which is 35% less.

Here is what they pay at different move sizes:

A $25 move earns $312 and pays $157. That is a 50% cut.

A $50 move earns $625 and pays $406. That is a 35% cut.

A $100 move earns $1,250 and pays $940. That is a 25% cut.

A $200 move earns $2,500 and pays $2,032. That is a 19% cut.

A $500 move earns $6,250 and pays $5,333. That is a 15% cut.

A $1,000 move earns $12,500 and pays $10,843. That is a 13% cut.

The cut gets smaller as the move gets bigger, but it never goes away.

At 1000x most trades end on small moves, because Bitcoin moves $40 or $50 all the time. Small moves are where the cut is largest.

Putting the two sides together, a $40 drop costs you $1,000 and a $50 rise pays you $406. To break even on those terms you need to be right about 71% of the time.
For comparison, Hyperliquid would charge roughly $900 in taker fees to open and close a $1M position. That fee is stated up front. Your margin also runs all the way to zero before you are liquidated.

On Papertrade the cost comes from the early liquidation and the reduced payouts on wins. Each one shows up in the price you get rather than as a fee. Combined with 1000x leverage, it puts the odds well against the trader.

[Azrangar @Azrangar]

@0xY10_ They got what they wanted now they shall eat of its fruits.

[Azrangar @Azrangar]

I notice Unipcs deliberately ignores $ZCAT. First it was $SI and how $SI was going to be number 1. $SI didn't even touch $100 million. Now it's $MASK, and I foresee $MASK having a similar result. Throughout the recent dips, ZCAT always bounce back strong to $50 million.

[Unipcs (aka 'Bonk Guy') 🎒 @theunipcs]

Nullmask / $MASK: the most underrated privacy coin of the cycle

$MASK is currently sitting at around $23.5m market cap ($40m FDV, with 40% of supply out of circulation and 2.16% already burnt)

i believe Nullmask is by far the most underrated privacy coin in all of crypto, and i'll explain why in this thread

let's start by looking at the top privacy coins and their market caps:

• ZCash / $ZEC: $21 BILLION market cap
• $NEAR: $6.8 BILLION market cap

these two have been by far the biggest gainers in the top 50 cryptocurrencies over the past year, and it's not even close!

if it isn't already obvious, both have run hard (and continue to run) on the PRIVACY narrative

but what's impressive isn't just their gigantic market caps

it's how much they've added in the past year alone:

• ZCash added $18 BILLION to its market cap
• NEAR added $4.3 BILLION to its market cap

all before the bull run has properly started

so how does this affect Nullmask / $MASK?

the incredible runs ZEC, NEAR, and other privacy coins have had have established beyond reasonable doubt that this is the privacy cycle

and i believe Nullmask is going to win big because it sits right at the heart of this narrative, with several key advantages that many much bigger privacy coins don't have

let's start with the PRODUCT

Nullmask makes private transactions possible across EVM chains and Solana in the most normie-friendly way imaginable

you can use your existing wallets (MetaMask, Rabby, Phantom, etc.) the same way you normally would, while enabling private transactions across major ecosystems like Ethereum, BNB, Base, Robinhood, and Solana

yes, you read that right

you don't need to learn how to use a new wallet, create a new seed phrase or private key, learn to navigate a complicated new blockchain, or deal with any of that nonsense

you can activate Nullmask's privacy capabilities on your existing crypto setup in just a few clicks

all you need to do is activate Nullmask's custom RPC and let its 'virtual private network' shield your transfers using zero-knowledge proofs

i'm simplifying the technical details to make this as normie-friendly as possible, but that's the gist of it

and this isn't just speculative stuff: Nullmask is already LIVE & WORKING on Ethereum, BNB, Base, and Robinhood

you can actually use the product and verify that it works!

but i'm bullish on $MASK for more than just the product

TOTAL ADDRESSABLE MARKET (TAM)

what makes Nullmask so incredibly bullish and underrated isn't just how impressive the product is, but the size of its total addressable market

i've never used the ZCash or NEAR blockchains, and the same is true for tens of millions of users across Solana, Robinhood, Base, BNB, and Ethereum

yet ZCash and NEAR have market caps of approximately $21 BILLION and $7 BILLION, respectively

the average crypto user may never touch the ZCash or NEAR blockchains, but they're already using Ethereum, Robinhood, BNB, Solana, and Base

and Nullmask caters to those users

this begs the question:

what is fair value for Nullmask when ZCash and NEAR are both trading at multibillion-dollar valuations?

LET'S TALK ABOUT THE TEAM

when a protocol promises something as ambitious as Nullmask does, you obviously want to know who's building it and whether they're capable of delivering

Nullmask is built by several ZCash contributors, led by Tomas Krnak

Tomas Krnak helped build shielded ZCash transactions for hardware wallets. his work was funded by the ZCash Foundation and merged into the main ZCash protocol itself

i should also add that the lead dev is doxxed and regularly participates in live interviews!

PARTNERSHIPS & INTEGRATIONS

we've established that the team has serious credentials in the privacy space and that the product is already live and working

but what about partnerships, integrations, and endorsements?

here's a list of industry players Nullmask has collaborated with in some form since launching:

• NEAR Protocol ($11.3 BILLION ATH)
• THORChain ($4.4 BILLION ATH)
• Dashpay
• Beldex
• Quai Network

the team also revealed in a recent AMA that it's in discussions with major wallet providers, including MetaMask, about potentially integrating Nullmask as an additional privacy layer

all of this for a product that isn't even a month old, by the way!

METRICS & REVENUE

Nullmask looks incredibly strong from a fundamentals perspective, but the key question is:

what do the metrics actually look like?

since the protocol launched a little over two weeks ago, Nullmask has generated:

• $37.8 MILLION in total protocol volume, averaging $2.36 million per day
• $833k in total revenue, averaging $52k per day

it has also burnt 2.16% of supply and distributed $1.4 MILLION in $ZEC rewards to holders since the token launched approximately three weeks ago (token launched a week before the protocol)

and here's the important part:

all these adoption metrics were recorded before the protocol is live on Solana, which is expected to happen next week, and mostly before it went live on Robinhood and BNB just a few days earlier

the team also has 20% of the token supply allocated to a long-term incentives campaign designed to encourage people to use the protocol and accelerate adoption

i should also add that Nullmask is now ranked #1 among ALL privacy protocols for both 7-day and 30-day revenue, according to DeFiLlama, barely two weeks after its protocol went live, and by a clear margin

this is despite the fact that

-it only went live on Robinhood and BNB a few days earlier
- it is yet to launch on Solana
- its incentives program aimed at accelerating adoption is yet to launch

the speed of adoption Nullmask has witnessed is impressive for any privacy protocol

TOKENOMICS

20% of the token supply is allocated to the team and locked for two years, meaning these tokens won't start entering circulation until at least two years after token launch

another 20% is reserved for an incentives campaign aimed at accelerating protocol adoption

the remaining 60% of supply is circulating

this means approximately 60% of the supply is currently in circulation, while the bulk of the rest won't enter circulation anytime soon

ROADMAP

• Launch on Ethereum, Robinhood, BNB, and Base (LIVE)
• Cross-chain bridge (LIVE)
• Unshield directly to ZEC wallets (October 2026)
• Launch on Solana (Q4 2026)
• NullMask SDK (Q4 2026)
• Privacy Perpetuals (Q4 2026)

TO CONCLUDE

i know Nullmask might sound too good to be true right now, and it's crazy to me that it's sitting at such a ridiculously low market cap

but believe it or not, all of the facts in my thesis above can be independently verified

i'm not going to ask you to buy Nullmask

i'm simply laying out my thesis and thought process for this trade, and explaining why i believe it could be a big one

i objectively believe $MASK will become a multibillion-dollar token before the end of the bull run, and i expect it to be yet another kingmaker trade for me

nothing in this thesis is financial advice

it's up to you what you do with the above information

[Azrangar @Azrangar]

@Sean_thomas99 @CryptoCurb @theunipcs It has better volume now because he is bag working. It wasn't always the case.

[Azrangar @Azrangar]

Lever me up

[Jupiter @JupiterExchange]

Someone said 1000x Leverage on Solana?

[Azrangar @Azrangar]

@_imagyn Tell the fat cats to march. We have 10 billy to reach.

[Azrangar @Azrangar]

Yeah, he is already concocting his plans to bring down Solana.

[DEGEN NEWS @DegenerateNews]

NEW: @cz_binance PRAISES @solana FOR BEING ABLE TO ADVERTISE AND EVEN GET AN OFFICE IN CHINA

“@BNBCHAIN WAS NOT ABLE TO DO THIS, SO FAR. 🤣”

[Azrangar @Azrangar]

@sssionggg Also, I think one of papertrade's main selling point is that you can earn back some of your loses via the token. Will you take the same path or is it purely a casino?

[⚔️ SIONG @sssionggg]

we just launched something pretty interesting under jupiter labs.

introducing YOLO. 500x to 1000x leverage.

yes, 1000x.

we’ve been experimenting with a different approach to high leverage trading, and YOLO is our first attempt at it.

the idea is pretty simple. what if we could let people trade with extremely high leverage, without actually having to execute these massive leveraged positions in the market?

so we took inspiration from the JLP model and built YOLO, where positions are simulated against real market prices, but the profits and losses are real.

this allows us to offer leverage that goes far beyond what we currently have on jupiter perps, using a completely different approach.

of course, this also comes with some tradeoffs.

since profits are paid out from the pool, if there isn’t enough liquidity to pay out a winning position, the payout can be queued instead of being paid immediately.

it’s a different model from traditional perps, with its own risks and limitations, but i think it’s an interesting experiment worth exploring.

one thing i’ve always liked about building onchain is how much room there is to experiment with new financial products and trading experiences.

and that’s also why we’re launching YOLO under jupiter labs. to give ideas like this a place to be tested, without necessarily having to fit into our existing products.

i’m quite excited to see how people use YOLO and what we can learn from it.

it’s still early, and there are probably many things we can improve along the way.

but that’s the fun part of building and experimenting.

give it a try, understand the risks, and let us know what you think.

https://t.co/T5nfYL4sum

let’s go!

[Azrangar @Azrangar]

@sssionggg Curious to see how this path of perps play out. Who funds the LP?

[Azrangar @Azrangar]

@0xSoju @JupiterExchange Too bad they fumbled. JUP was doing so well with Perps and then didn't response to users need.

[Azrangar @Azrangar]

@FabianoSolana Another extraction successfully executed.

[Azrangar @Azrangar]

@JupiterExchange should have built this but they fumbled.

[Evanss6 @Evan_ss6]

who is building Papertrade on Solana?

[Azrangar @Azrangar]

@ftosol @papertrade_xyz A bunch of fking scammers who cry like bitches when they get call out. They are literally throttling the queue on small accounts giving the whales a better entry and exist.

[Azrangar @Azrangar]

Nothing beats Solana. Such a shame @JupiterExchange fumbled perps.

[aaalex.hl @aaalex]

You essentially can't trade on @papertrade_xyz unless you have an automated process trading with a good amount of capital

$1k margin on 1000x leverage which is $1M notional is queued up at 1.7k spot lmao