Happyguy0622🐍

Family Medicine by day
#Crypto #NFT by night.

[Happyguy0622🐍 @B_Raitz]

@BernieSanders You are embarrassment to Judaism let alone the human race. You are a shameless liar and hypocrite.

[Dave @ItsDave_ADA]

Just some thoughts.

When a genuinely strong Cardano project and team reaches the point where operating costs make it unsustainable to continue, we should not treat that as a normal part of the market cycle.

These moments tell us something.

They tell us about the real economics of building. They tell us about the gap between ambition and operating reality. They tell us that infrastructure does not survive on sentiment, and that even really good teams eventually run out of room when the wider environment becomes too expensive, too uncertain, or too poorly directed.

Cardano has a treasury, but the treasury is not infinite. ADA has a market, but the market is not immune to pressure. Builders have conviction, but conviction does not pay staff, legal costs, audits, maintenance, support, liquidity, or the quiet operational work that keeps useful products alive and profitable.

This is why treasury spending matters in my opinion.

If capital is deployed without clear priorities, without phases, without accountability, and without a serious understanding of the pressure it creates, the cost moves through the system. It becomes sell pressure. It becomes uncertainty. It becomes a harder environment for projects to survive in. It becomes another reason for builders to slow down, for teams to leave, and for SPOs to question whether maintaining infrastructure still makes sense, especially when a lot are already operating at a loss.

That should worry us.

A treasury should strengthen the blockchain. It should not become a mechanism that rewards proximity to funding while the people doing the difficult operational work are left absorbing the consequences because they decided to build on Cardano.

At some point, we have to be honest about incentives. Many of the people constantly calling for more spending are not neutral observers. Most are actually direct beneficiaries. Some are indirect beneficiaries. Some sit close enough to the flow of capital that more spending naturally works in their favour one way or another.

That does not make every proposal bad. It does not mean Cardano should stop funding useful work. It means we need to stop pretending that every call for more spending is automatically aligned with the long term health of the ecosystem.

Because when serious projects wind down, users lose products they relied on. Builders lose tooling and examples of execution. The ecosystem loses trust. SPOs lose another signal that sustainability is being taken seriously. And Cardano loses part of the practical infrastructure that made the blockchain decentralized and unique in the first place.

Decentralization is not only a technical design. It is also an economic condition. If the people securing, building, maintaining, and improving the system cannot operate sustainably, then decentralization becomes weaker in practice, regardless of how strong it looks on paper, and we are also seeing this play out right at the moment.

Good projects closing down should make us pause, reflect and fight, we fight to get back into the top 10, instead of just about surviving in the top 15, and we improve.

Not because one project defines Cardano, but because If capital allocation becomes consistent and careless, if operational costs keep rising, and if treasury spending becomes detached from measurable value, the blockchain continues to slowly tax the very people it needs most.

They will tell us we need to spend more to capture commercial upside.

Then they will attack the people asking for accountability, transparency, because accountability makes poorly structured spending harder to push through.

That is the part we should pay attention to.

The upside is often kept close to private interests, while ADA holders absorb the sell pressure, the ecosystem carries the risk, and everyone is asked to accept a future promise that revenue may return if the venture works.

That is not how a treasury should be managed.

It needs disciplined and strategic capital allocation, opportunity to all builders to contribute to it's core and put in a proposal to bring further competition and reduce core costs, it needs clear priorities, and enough respect for sustainability to protect the builders, projects, and operators who keep the ecosystem and blockchain alive.

Just some Tuesday evening thoughts.

To summarise, I would really just like to say what an amazing team TapTools have been, and how tremendous their impact on Cardano has been.

I have used the platform every day for as long as I can remember. It became one of those products that quietly became part of the ecosystem’s daily infrastructure, not only for users, but for builders, projects, and anyone trying to understand what was happening on chain.

The team always felt close to the community. Almost like family. That is rare, and it matters.

I am genuinely going to miss them. 💙 @TapTools

[Happyguy0622🐍 @B_Raitz]

@morellifit CALC

[Happyguy0622🐍 @B_Raitz]

@JayCampbell333 GLP1

[Happyguy0622🐍 @B_Raitz]

@JayCampbell333 @masculinepath04 RESEARCH

[Happyguy0622🐍 @B_Raitz]

@JayCampbell333 PEPTIDE

[Happyguy0622🐍 @B_Raitz]

@itsolelehmann COWORK

[Happyguy0622🐍 @B_Raitz]

@TapTools Done

[Happyguy0622🐍 @B_Raitz]

@Sssebi 👋

[Happyguy0622🐍 @B_Raitz]

@nahidulislam404 LEADS

[Happyguy0622🐍 @B_Raitz]

@code_joyen0 HK

[Happyguy0622🐍 @B_Raitz]

@godofprompt Claude

[Happyguy0622🐍 @B_Raitz]

@sabir_huss50540 CLAUDE

[Happyguy0622🐍 @B_Raitz]

🙋‍♂️ can I humbly request to be snekified?! Been in since nearly day 1 turned a few hundred into 50k+ (lifechanging) and have been a diehard supporter. Mostly promoting, HODLing and DCAing in ever since. Also still sitting on two packages of 1st ed @snek @goofy_crisp @CardanoRami

[$099 | TheArab.eth | 🐍🇸🇾🇦🇺 @FirasCrypto]

Yooo this wasn’t in my bingo card!!!!!

Thank you for the follow back @snek and @CardanoRami

It is an honour !! LFGGGG $SNEK 🐍🐍🐍🐍

[Happyguy0622🐍 @B_Raitz]

@TapTools

[Blockchain @blockchain]

1/ 🪂 Claiming your @MidnightNtwrk $NIGHT airdrop just got ridiculously easy.

Just import your seed phrase into the https://t.co/h6nChl06cf Wallet — and we’ll check ALL your Bitcoin, Ethereum, Solana, BNB, Avalanche & Cardano addresses for eligibility.

So, how do we make it so simple? 👇

[Goofycrisp @goofy_crisp]

"Meme coins should drive on-chain activity. Listing them on centralized exchanges (CEXs) works against that goal—users can buy and sell there without interacting with the Cardano network, meaning no fees or engagement on-chain."

✅ This is false. Volume generated on CEXs directly impacts ADA-USD volume and SNEK-ADA volume from arbitrage alone. Our market-maker is already the #1 trader by volume on the chain. More CEXs will increase our contributions to the treasury.

"While CEXs are a key entry point into crypto, only a small percentage of users actually create on-chain wallets. Despite hundreds of millions registered on CEXs, only about 1–5% become on-chain users."

✅ Network effect. When you travel and go other crypto or tech conferences, nobody know that CNTs even exist. Most still think ADA has no smart contracts. This is because our CNTs and ecosystem layer has ZERO visibility on the most used platforms in the industry. Also getting 1-5% users would be an absolute bargain for 5M ADA.

"Snek might help onboard some users, but its impact on Cardano’s overall success is limited."

✅ $SNEK is by far the most traded CNT with 17% of all volume registered on-chain ever. After ADA, it's again by far most used token for Cardano DeFi. Our product @snekdotfun is generating 30% of all trades on the chain. @snek is the biggest brand in Cardano.

"As for marketing, spending 5 million ADA on listing fees isn’t the best use of funds. There are already marketing-focused proposals among the 39 withdrawals that offer better value."

✅ Nothing brings more visibility to a chain than a memecoin succeeding. Memes are adoption and marketing power. Getting a Binance, Coinbase, or Robinhood listing would generate more exposure for the Cardano ecosystem than all 39 withdrawals combined. Retail doesn’t talk about chain upgrades, they talk about memes. I’m not downplaying the other proposals at all; I fully support most of them, they’re necessary. But in terms of marketing impact, there’s no comparison.

"Snek’s current market cap is $244 million. The team has reportedly reserved 10% (currently, around $24 million) for marketing, partnerships, and CEX listings. That’s a substantial budget for a meme coin."

✅ 10% of our token supply was allocated for growth at the very beginning of our journey, more than 29 months ago. We came from nothing to the biggest and most impactful project on Cardano by spending that 10%. The Snek Foundation currently owns only ~1% ($2.4m) and we already spent more than $4 million on CNT infrastructures and integrations that benefit everyone in the ecosystem.

"Paying listing fees from the Cardano Treasury sets a problematic precedent. CEXs typically charge each project individually—it’s not a technical hurdle, it’s a business model."

✅ CEXs listings are key for adoption. The Snek team and the Cardano Foundation (CF) spent 2 months with Kraken engineers to make the exchange support CNTs for our $SNEK listing. Same is happening with Cryptocom, same will happen for others. This is not a recurring expense that every CNT will request money for... it is about paving the way and getting integrations done. Unfortunately for Cardano, $SNEK is the ONLY CNT that qualify for these listings and that's why it should be supported first.

"Decisions must be strategic—not driven by popularity or short-term excitement."

✅ If that 5M ADA (0.26% of the Cardano Treasury) request does get CNTs an entry point and exposure to all the names mentioned in this proposal — Binance, Coinbase, OKX, Bybit, Robinhood, Revolut, eToro, Uphold, etc. — it will be the most strategic proposal ever funded, by far. It would be a major win for the entire Cardano ecosystem.

[Rami @CardanoRami]

In 2023, $SNEK was a few votes away from getting rejected on a governance vote to be used as a collateral asset on Lenfi. It passed by the slimmest of margins 50.1% to 49.9%. Many of the "no" votes came from users thinking because $SNEK was a memecoin, it shouldn't be approved.

Today, $SNEK is 83.6% ($8.39m) of Lenfi's TVL and is generating most of the tx's, activity, and revenue for the dapp. It is also the leading volume contributor of tx fees on @MinswapDEX, @splashprotocol, @DexHunterIO, @levvyfinance, @flowdefi, @strikecardano and others.

Additionally, @snekdotfun is generating more than 30% of all dex trades on the chain.

Tx fees and network activity is what keeps the chain going, and the treasury growing.

$SNEK's success directly fuels the entire ecosystem.

[$handle @adahandle]

$handle for Bitcoin is Live in Lace!🟠

You can now use the $handle that you own on Cardano to easily send and receive $BTC in @lace_io wallet!

📝 Download Lace wallet, add a Bitcoin address to a $handle, and give it a try right now!

Drop a $BTC ready $handle below!⬇️

[$handle @adahandle]

Add a Bitcoin address to a $handle:

- Go to our DApp linked in Bio
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- Mint or Choose a $handle
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