Crypto CJ

[NetVRk @Netvrk_Official]

🚀 Big changes are coming to NetVRk!

We’ve got enhanced staking, exclusive land auctions with $NETVR, and an exciting new Launchpad on the way! 🏞️💰

Ready to level up your land and tokens? Dive into the details here: https://t.co/Mrc9AvNbYH

#NetVRk #Metaverse #Crypto #Staking

[Flare ☀️ @FlareNetworks]

FlareDrop.20 is fast approaching 💧

Raise your hand if you've already set up autoclaiming ✋️

If not, what are you waiting for?

No more unclaimed #FlareDrops; claim all the FTSO delegation rewards you deserve.

Guide: https://t.co/aHeH70vYWd

[Flare ☀️ @FlareNetworks]

If you’ve been exploring @FlareNetworks, you might have come across three types of rewards:

➖ FlareDrops
➖ FTSO Delegation Rewards
➖ FLR Staking Rewards

Learn all about them in the latest episode of #FlareExplainers ⬇️
https://t.co/zcckbBKdAM

[Flare ☀️ @FlareNetworks]

Update on FTSOv2 Rewards on Flare

A week ago, the Flare Time Series Oracle v2 went live on Flare mainnet, introducing changes to FTSO rewards.

TL;DR: V1 rewards are reduced in epochs 226 (ended today) and 227 due to the V2 deployment entering the beta phase, where rewards will be split 50/50 between V1 and V2. The first V2 rewards will start with epoch 228. To maximize your rewards, delegate ASAP to registered V2 entities: https://t.co/NG3P2GeJgx ☀️

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What happened?

The implementation of the changes has three phases:

a. Trial: Reward allocation remains unchanged.

b. Beta: Rewards are split 50/50 between v1 and v2 data providers.

c. Deprecation: Only v2 data providers receive rewards.

*️⃣ We are currently moving from the trial phase to the beta phase of the FTSOv2 rewards. V1 rewards for epoch 226 have just been distributed and are smaller than usual, a trend that continues in the ongoing epoch 227.

Starting Thursday, September 26th, the first v2 rewards epoch 228 will begin. It will take a few days for these rewards to become claimable.

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Under the hood 🔎

The FTSOv2 rewards epoch operates on a 3.5-day cycle. The next epoch 228 starts from Sep 26 to Sep 30. After the epoch ends, rewards are calculated and published as data. Data providers then sign the rewards (specifically the Merkle root), which may take a few days until 50% of the weight of data providers have signed. Once complete, rewards become claimable.

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Key takeaways ✅

1️⃣ If you see reduced rewards as a delegator or data provider, it’s because your v2 rewards are accumulating and will be distributed around next Thursday, assuming that the provider you have delegated to supports v2.

2️⃣ You should switch your delegation to data providers supporting v2 as soon as possible to increase your chances of qualifying for the next epoch rewards. The eligibility is determined by a randomly selected block from the current reward epoch 227 (23 Sep to 26 Sep).

3️⃣ We recommend all FTSO data providers migrate to v2 as soon as possible to maximize potential rewards. Earlier migration means earlier v2 reward accumulation.

4️⃣ The community should expect some initial delays as data providers adjust to the new rewarding process, though most are familiar with it from their Songbird experience.

5️⃣ If you see that the entity you are currently delegating to is on the V2 entities list, then you don't need to redelegate to receive V2 rewards.

📌 Visit the new Flare Systems Explorer for the latest list of registered FTSOv2 entities: https://t.co/NG3P2GeJgx

🔗 This post was published as a blog here: https://t.co/JoHAVx5WwK

[Flare ☀️ @FlareNetworks]

The FLR inflation rate adjustment is now live.

The $FLR inflation rate is now 5% per year, capped at 5 billion FLR tokens per annum, calculated on available supply. This change promotes long-term sustainability for the FLR ecosystem.

Key takeaways:

• The FlareDrops rate is unaffected by the change.

• Staking & Delegation Rewards are reduced. Community tools by @Oracle_daemon and @flare_dot_space can help you estimate potential returns.

Token burning mechanisms:

In addition to the reduced inflation, growth in circulating supply is also limited by token burns:

• Transaction fees continue to be burned, reducing circulating supply with network activity.

• An additional 2.1 billion FLR is scheduled to be burned by January 2026.

• Unclaimed staking, delegation, and FlareDrops rewards will be burned.

• Unallocated FLR emission from FIP.09 can be burned or reallocated for network growth.

More on $FLR tokenomics: https://t.co/XC2Hj1awxm

[peaq @peaq]

Roadmap Update

For a more detailed picture of what lies ahead, check out peaq’s roadmap docs page: https://t.co/zipR3Mkqbn

[Flare ☀️ @FlareNetworks]

🧨 Another 66M $FLR just burned, bringing our total to 595M towards our 2.1B FLR multi-year plan.

These FLR were originally allocated to early backers, but agreed to adjust their allocation to benefit YOU 🫵 —

Less competition for #FlareDrops & reduced dilution for FLR holders.

[Flare ☀️ @FlareNetworks]

Don't just trust, verify.

Flare Transaction Verifier lets you review all Flare Portal transaction details before signing:

1. Scan QR from #Flare Portal.
2. Verify tx details match your expectations.
3. Verify hash matches the one shown in the wallet.
3. Approve ✅

Download: https://t.co/wRpmrWTFtx

iOS app coming 🔜

[flare.space ☀️ @flare_dot_space]

How to use #Flare P-Chain Explorer?⬇️
https://t.co/cY0Lv0NQEj

[Hugo Philion @HugoPhilion]

We just released a full breakdown of the FTSOv2.

[peaq @peaq]

Attention, peaqonauts 📢

This is a friendly reminder to watch your six and stay vigilant.

Remember that all info about the $PEAQ token public offering will be ONLY communicated via peaq's official channels in due time.

Don't fall for dupes 🫡

[Flare ☀️ @FlareNetworks]

Flare Tokenomics 101 🧵

In this thread, we explore:

• $FLR basics
• Distribution & Vesting schedule
• Recent news & benefits

[1/5]

[Flare ☀️ @FlareNetworks]

Great news, #Flare stakers🔊
Rewards for epochs 166-169 are ready to be claimed.

On average staked tokens receive higher rewards than delegated tokens. 📈

Explore the Staking and FTSO systems to make informed choices.

Third-party dashboards from @FlareMetrics, @FTSO_AU, @SolidiFiHQ, and @Oracle_Daemon offer valuable data to help you decide. 📊

[peaq @peaq]

State of the peaqosystem update 🪐

Here's who we welcomed to peaq in February 2024:

@WayruNetwork -- Decentralized Wireless Network (#DeWi) focused on LATAM and the US 🌎

@PowerPod_People -- blockchain-based electric-vehicle (EV) charging network (#DePIN)🚘

@Hashlock_ -- leading blockchain security and smart contract auditing firm 🔑

Who would you like to see join the world's largest and fastest-growing DePIN ecosystem next?

[Simon Dedic @sjdedic]

peaq - the L1 that no one is talking about (yet) – but everyone will use.

TLDR: @peaqnetwork is building a Layer 1 for DePINs, creating a home for real-world machines and applications to run decentralized and on-chain, right at the intersection of Web3 and AI.

Disclaimer: $PEAQ is @MoonrockCapital's biggest investment EVER, so you can imagine we are pretty bullish on what they are building.

Quick hint for all the lazy ones out there: alpha at the end.

So let’s dive right into it:

Obviously, DePIN (Decentralized Physical Infrastructure Networks) is quite a big topic lately.

The peaq team has seen this coming, hence working on their solution for several years already, many years before ‘DePIN’ was coined.

But why should we actually care about DePINs?

Because of the same reason we care about Web3: decentralization.

Living in an era of digitalization and AI, not only is the supply of machines growing exponentially, but they do become more intelligent and hence more powerful from day to day, too.

And on the current trajectory all of these powerful machines will eventually end up in the control of just a bunch of big tech giants.

Very simply said:

many machines sucking a lot of value from the end user, sometimes even taking their jobs and the few big guys on the top are the only ones benefiting from it.

So as always, a few big winners, and a lot of big time losers.

Guess which side you are part of…

But Web3 and DePIN are here to change that.

So with DePINs, we are removing the middlemen for all solutions that have something to do with real world machines.

Take @helium as an example, that is removing the telecom giants and giving back control of this network to the users.

Or @Hivemapper incentivizing drivers to collect imagery to map the world and to dethrone Google Maps.

And now think of peaq as the home for all of these DePINs, which comes with a lot of advantages:

If we have a look at the tech, peaq offers everything needed in terms of fundamentals to serve millions of machines running on-chain, like high throughput and scalability, super cheap transaction fees, EVM and Solana compatibility and much more.

Quick and first alpha drop if you made it this far:

the numbers that peaq shows publicly are conservative – they will likely be much, much more impressive.

However, a question I receive quite often from other investors:

Why am I so excited about peaq as the DePIN layer, when Solana is trying to position themselves similarly?

Eventually, it comes down to focus.

peaq is ALL about DePIN, from the tooling, to the DeFi mechanics and network effects they will create on peaq. And this focus leads to advantages that a generalist approach can’t keep up with.

They already have a lot of these brought to life like Self-Sovereign Multi-Chain Machine IDs, Machine NFTs, Machine RWA, AI agents, peaq access etc, and many more ideas in the pipeline. I won’t go into all of these in detail, but I want to emphasize how important that is:

Imagine you are building a DePIN project.

Running a startup is tough and you anyways have more work to do than you can realistically handle. If there would be an ecosystem that comes with all the necessary tooling, partners, customers, collaborators, community, users – that you can just leverage in a plug and play way, for cheaper, faster and more efficient execution, that would be pretty exciting right?

Network effects.

So this is making founders’ and developers’ lives much easier and more convenient. As long as the tech is still solid enough to do what it is supposed to do, the tooling and ecosystem all of a sudden becomes much more meaningful.

On top of that, peaq is going to come with a Machine DeFi ecosystem, which is completely new to the market and offers another big advantage for DePIN projects and users.

Imagine tokenizing your @Tesla and earning passive income on it. The peaq team has loads of ideas on how to make this easy, and one day the standard for everyone.

Or starting a new DePIN project, you’ll have quite some problems raising and distributing your specialized hardware. Tokenizing it would help you kickstart this process.

The possibilities are endless and believe me, the peaq team is very creative and innovative here 👀

So the ecosystem, network effects, tooling and DeFi mechanisms combined are bringing a lot of DePIN projects and users to the ecosystem.

There are so many lined up, I have FOMO myself…

And this is where the flywheel starts kicking in:

To sum it up: being into DePIN and not caring about peaq will soon be like being into DeFi while not caring about Ethereum.

It’s imminent.

But let's have a look at their traction, the numbers speak for themselves:

- Already 20+ DePINs committed to peaq (many, many more lined up and being built – they are scaling like crazy to keep up with demand).

- The DePINs building are already valued at more than $500M. Let that sink in.

- Incredible real world partnerships, for example with industry giant @BoschGlobal that will build specialized DePIN hardware

- Amazing Web3 partnerships and integrations with top tier players like @FetchAI and @WormholeCrypto

- Hundreds of thousands of machines are already in the pipeline to go live with their mainnet

Imagine how much on-chain usage that will bring once mainnet is live and compare that with other blockchains out there.

In terms of usage, I wouldn’t be surprised if peaq will be a Top 10 blockchain at launch, and Top 5 by 2025.

And something I find super cool — peaq won’t be subject to the same bull/bear market forces that other Layer-1s experience, since their on-chain activity and value creation is all tied to real world services and goods.

All of that has been accomplished by a stellar team of +/- 25 people. I know most of the teams in person by now and I can tell you I haven’t come across many teams that are that dedicated, professional and ambitiously striving for their vision.

Hence, the current accomplishments and traction aren’t surprising, especially in the real world.

Now if you made it until here, you should be super bullish and wondering how to get involved and what the alpha is;

Most of their community does so by buying $KREST, their canary network, that will be eligible for an airdrop.

That’s true, but there is a better way:

Start using the DePINs building on peaq. Then you will automatically be responsible for on-chain usage.

And a little birdie told me that this is going to be one of the main criteria to be eligible for a crazy airdrop campaign.

I’d recommend using @silencioNetwork and @NATIXNetwork, both very easy to get started with as all you need is a smartphone.

You’ll need invite codes, so feel free to use mine:

Silencio: scoinaldo

Natix: gCaRzM+j6N

To sum it up, my thesis is pretty simple:

I am incredibly bullish on DePINs for real-world adoption of Web3. And betting on an ecosystem that is not only making DePINs more efficient and easier to build, but also pooling them all in one place for network effects seems like an incredible no brainer to me which is a winner takes it all situation.

The team is very capable, working on this for more than 6 years by now and their work finally comes to fruition and heating up.

As I mentioned before, I expect them to become a Top5-10 blockchain this cycle.

To be even more specific and bold with my predicitions:

Unicorn status for me seems pretty much set in stone already, decacorn status soon doesn’t seem unrealistic if AI and DePIN keep up with their momentum, they can show solid traction and market sentiment stays as bullish as it is.

As always, appreciate you reading this content and let me know your thoughts!

[KuCoin @kucoincom]

https://t.co/FRYtSAiNSx

[Crypto CJ @CryptoCJ4]

RT @FlareNetworks: Introducing XDFi —

• 1st compliant futures exchange on @FlareNetworks
• KYC tokenization for trustless trades
• 100% no…

[Crypto CJ @CryptoCJ4]

https://t.co/jvI4dQazaF

[AU @aucc_official]

There are currently 4,427,700,374 $FLR staked to a total of 88 #Flare validators which equates to 13.02% of the circulating supply. There are 4,246 delegators staking. Check https://t.co/SsItlJWgMT for the current state of Flare validation. 🤖

[Flare ☀️ @FlareNetworks]

Your $FLR staking rewards for epochs 158 - 161 are ready 🧑‍🍳

Claim now: https://t.co/Dk2zundc5F

Remember, restake manually.

Staked funds can still earn #FlareDrops and participate in governance. 💡