It's been almost 2 weeks and still radio silence from both @virtuals_io @ @wasabi_protocol teams.
At time, market maker wallets mentioned by @omegapexi have sold more than 20M $BOT tokens (out of the 30M they got) for approximately 180k$ sell pressure.
All the $VIRTUAL coins received from this are still on those wallets and nothing has been done (only worth 130k$ now with market dump, what a good trade).
Many people have been asking on Wasabi discord for answers and not a single announcement has been made by the team.
Only information I managed to get from the team (it's even more worrying):
Remember that this project was endorsed/shilled publicly by the @virtuals_io team before the launch.
Hard to blame people for being bearish on base ecosystem when you see this type of crime happening and no sanction coming out of it.
‼️ Hey @wasadotbot@wasabi_protocol@spicy_aff@virtuals_io
We invested by trusting the team, but unfortunately nothing is being done other than scamming. Let’s take a look at how the team is offloading tokens through backdoors.
The wallet 0x1b9db2a5391913ae408d6fb7567d54c77a2e34d4 claims 30M $BOT tokens. Then, 5M tokens are added as liquidity. After that, the remaining tokens are transferred to other wallets.
The liquidity sent to these wallets is later removed, freeing the $BOT tokens, which are then dumped on innocent users. If even teams we trust act like this, what are we supposed to do?
Wallet addresses where tokens were transferred and sold:
0x0d4ef1cc836e55429fc9775948a2eb722c9a5864
0xdd3ccdecca3fa74a63f2d260085f5478016f8cd7
0x83c9ea7098b5cd60a684296b3d0fd9ea218b4cd4
0x513e7d76deef3954095ad09897f4a160219d5228
In total, approximately $125,000 worth of tokens were sold and are now being held as $VIRTUAL.
The following wallets are also standing by, ready to sell:
0x6817142be71ebbcf90432184825844dac58f1063
0x529e0cb702ad5da95d43427b9bb34a95c1bb1ca5
Stop this immediately, or I will continue sharing more details about this corruption.
Details will follow below 👇
@miguelrare Good stuff g !
Sadly, I found it "bad" for the trenches as making larps will become even more accessible.
Making it even harder to filter quality stuff.
But with every problem comes an opportunity: people who will manage to filter them properly will have an hedge.
For my trench warriors who are still locked-in onchain just a reminder:
- 99% of new launches are farmer devs who most likely blew up their perp account and need new funds to gamble again
- 1% remaining are chad devs who don't care about market state (good luck finding them)
But don't forget: There is always gem
Holding ALTs for long term is in my opinion doomed at time in crypto.
Apart from some crazy memecoins run like SPX6900, AURA and few others.
Most people who hold ALTs for years have been underperforming compared to people making flips over days/weeks/max few months.
But for utility coins it has been almost impossible.
Even when you are right, you can get screwed like @tradingterminal holders with recent @pumpdotfun acquisition.
It's like if you invested in a startup that just got acquired by Meta for billions.
But instead of celebrating your +x10, you wake up to a -90% and team sending their regards.
Good news, a solution is coming to bring longterm holding more valuable: a bond between Equity and Token holders.
My bets on this sector at time are @StreetFDN and @BuildForWeight.
Of course, you need to be looking at projects with solid incomes, as it's the most important metric to ensure your investment can be profitable in the long term.
That's where my only conviction play at time comes in play, @nonkyotoproto with their token $NKP currently at 14m FDV/ 5.5m MC.
- They already have insane revenue numbers right now (next years projected revenue from current leads is CRAZY)
- Buybacks coming soon 👀 (running maths on this might blow your mind)
- Team is being really transparent about everything, @WilliamNKPCEO the founder knows how to run a business and has been in the carbon industry sector for a while.
- Sure there have been some mistakes with the launch process, tokenomics and co.
But I know everything has been cleared now with @bobtherebuilt coming in to advice the team.
Token has been underperforming recently, meaning all short-term/not interested holders are out by now.
I could write a full essay about this project, but some chads already did it for me.
Here are some really good reads if you want to deep dive more into $NKP:
- @bobtherebuilt: https://t.co/oD0s9uBFGW
- @crypto_popseye: https://t.co/EhgXkmV0aR
Also make sure to read @WilliamNKPCEO update posts which includes some very interesting informations.
Finally, they have been on the @mcglive podcast recently: https://t.co/OP3VfHrGbB
Highly recommend to listen to it (alpha: last 45min include a lot of key numbers talk that you might want to have for your maths).
Been wanting to make a post about this project for a while, finally managed to get my lazy ass to do it.
NKP bros, our time will come 🙏
THE NEXT POTENTIAL 300M+ RUNNER AND MY NUMBER ONE PICK OF THE ALL TIME AFTER SPENDING 16 HOURS A DAY RESEARCHING EVERY COIN LAUNCHED FOR THE PAST 2.5 YEARS
I HAVE NOT SEEN SOMETHING LIKE THIS THIS WHOLE YEAR, READ IF U WANT AN ACTUAL PROPER INTERESTING PROJECT
Everyone knows I spend tons of time searching quality projects. IMO for something to generate actually SAFE X's in this space nowadays is rare unless u have previous insidor knowledge. I do not count memes as 'safe' , I do not count random shitcoins launched by anon devs with 'utility' as safe, I do not count huge raises by VCs launching at 1b FDV as safe and none of these give the returns people look for when they go into crypto
What I look for are these
- Is this an actual company, here for longer than half a year
- Is this going to have tons of revenue generated so its sustainable
- Is this team doxxed
- Is this FAIRLY LAUNCHED AND NO FREE SUPPLY GIVE TO DUMB KOLs OR VCs OR STUPID BUNDLED or 'SUPPLY CONTROLLED'
- Is the team going to know how to operate web3 (completely diff to web2)
- DO the tokenomics make sense, does the token actually have value and will this continue
Almost every project fails literally all of these criteria and this is the ONLY project I have seen this year that satisfies all this criteria in my humble opinion
SO what is it ?
$NKP - Non Kyoto Protocol, @nonkyotoproto A revenue generating powerhouse in carbon credits WITH A WASTE MANAGEMENT PLANT IN THE DOMINICAN REPUBLIC AND CHACO VICO A FOREST with 190,000 HECTARES of forest.
I know I know, carbon credits is boring, its not web3, its not a dog pic, its not a fake AI gpt wrapper with ur fave kol getting supply dumping on ur head so its not shillable. U think carbon credits has been done before and failed.
Ur completely wrong moron.
I agree actually carbon credits is not something degens care about. However, what do degens care about? Green candles. If a company produces a ton of revenue, and buybacks as well as garner interest from instuttions, its simple, the green candles r enormous. The truth of the matter is whether u like carbon credits or not, or u believe in climate change or not, they r quickly becoming an insanely valuable.
See below :
Wood Mackenzie & the 1.4 TRILLION market in carbon credits by 2030: https://t.co/T8QdtvqLkS
Jp morgan blockchain unit & carbon credits:https://t.co/pTjhXZeh9n
E & Y predicts carbon credits to 40x by 2035: https://t.co/79haDjr8RK
The web3 degens don’t care but the real world does and that’s what matters, because realistically the money of CT and web3 is pussy in comparison to instutions, web2 and the outside world. We cheer for thigns going to 100m on 1m liquidity lmao.
So , $NKP s parent company midori earth owns a waste management plant and a protected forest of 190k hectares , I think this only eclipses about 99% of web3 projects which own either a picture of a dog or a useless AI wrapper. But when u delve into the math of things, it gets even more insane.
Chaco Vico is already annnounced to be generating 2.5m in the next few months (just 1 venture in a few months) with 30% bought back and the rest invested in future revenue generating carbon credit projects
Their waste management plant in dominican republic will also have tons of revenue (contracts to be finalised but u can probs guess how much it is). I also don’t want to speculate on their other ventures but it is likely imo they will easily past 10m revenue in their first year.
For comparison , (source https://t.co/CGQCfs7c4V):
Curve , 40k rev past 24 hours around 13m revenue annualised mcap : 1b mcap
BSC 30k rev past 24 hours around around 10m revenue annualised mcap : 98B
Pendle 22k rev past 24 hours around 7.5m revenue annualised mcap: 700m mcap
NKP ~10m + revenue a year annualised (lower end of predicted revenue imo) mcap: 6m (LOL)
If u want tardfi's way of looking at things, the avg p/e ratio of a company is 15, (not even taking into account crypto hype), u do the math of what revenue multiplied by p/e is and the valuation
(10m x 15). Sometimes this doesn’t work fyi but just another way to look at things.
I picked from a range of projects to not be biased (btw all these r in the top ~30 crypto projects with a coin lol) theres others there u can compare urself and past 24 hours cos i cant be bothered doing it otherwise, i think u understand my point.
This is just absolutely insanity imo, if this was listed on the NASDAQ at a few m mcap and fairly launched it'd be bought up in seconds, but bcos its on web3 , no one is noticing rn (also bcos I guess things need to get finalised and numbers).
I think this begs the questions : why would a team with so much revenue and success even bother with web3? Well think of what web3 is, decentralised , so anyone can permissionlessly ape. The problem with lots of carbon credits is pension funds and instutions are restrcited by a lot of paperwork, legality and nation restrictions on what they can do. Web3 and the blockchain solves this problem
The second question is, why would they do a fair launch, why not go the route of most projects like this and go do a fat raise and launch at huge valuations. That’s what makes this 1 of 1, an insane unicorn, the fact they went this route with proper tokenomics and fairly launched, im unsure if they would do this again knowing how much more money they could have raised but that is why there is a tax 5/5, which trust me I normally dislike but it is needed to bootstrap the project quickly and why u can buy at a small valuation rather than 1b valuations like pre much every similar project.
Again a project of this caliber JUST DOES NOT COME EVER IN WEB2 WEB3 WEB10000 LAND EVER AT THIS VALUATION. THIS IS HOW PEOPLE ACTUALLY MAKE MONEY IN INVESTMENTS.
Further, no KOL deals, thank goodness, Bob is leading the web3 team and is renowned for instilling smart, fair ways to DRIVE LONG TERM SUCCESS TO A PROJECT AND YES HE IS LEADING IT ITS ON HIS BIO, HES NOT JUST ADVISING HE IS THE DAMN FKING TEAM AND ANYONE WHO KNOWS WHO HE IS KNOWS HOW INSANE THIS IS. Im also sick of the dumb supply control non transparent bullshit in most projects. They could literally just list in their tokenomics team allocation but instead choose to snipe their own supply and bundle it so they can dump on u anytime. Proper projects like nkp actulaly list it in their teoknomics and lock themselves. But aye that’s the state of crypto nowadays.
Moreover, people say carbon credits has been done before. No it absolutely has not, the previous carbon credit projects were simply a website trying to get other companies and their carbon credits to get listed on there to be sold to others, they simply were a middle man trying to scrape a few % of fees of any sold carbon credits.
NKP LITERALLY PRODUCES MILLIONS OF DOLLARS OF CARBON CREDITS REVENUE THEMSELVES WHICH IS THE WHOLE POINT OF WHY THEY R INSNAE>
Last thing, they r in talks to be 'aggressively pursuing the best legally compliant pathways to further cement the relationship' between midori earth and nkp. Pre much shows the path they want to go after (actual value prop hint hint ownership of actual company vs a useless token).
The analogy I like to use is, previous carbon projects tried to be a kid running a lemonade stand and needs others to give him the lemon juice tries to profit 1% off a sale, except NKP produces the lemons off trees they own, FROM THE WATERWAY THEY OWN, squeezes the juice and sells it and keeps all the revenue not just the small% that they sold by relying on other parties. THAT’S WHY ITS INSANE COS ITS LITERALLY THE SOURCE AND THE SELLER WITH ALL THE CONNECTIONS IN ONE NOT RELYING ON RANDOM OTHER PROJECTS BEGGIN THEM TO PLZ LIST ON THEIR PLATFORM
I want to also finish by saying I put a lot of work into this research piece to make sure the details r here, I also don’t really share things unless I rlly like them especially in this long format. I dnt shill 10 tickers a day , or even a half year nowadays and these long threads I do maybe once a year bcos that’s how rare I truly believ this opportunity is. I was not paid by anyone, and the team has not either (if they did I will never work hard for someone else's free bags so I made sure they did not, confirmed that).
Ever so often a project like this comes along that makes me believe in the magic of X's again, in a safer more reliable way than ppl shilling memes PvPing to death things. If u followed me, u know that’s what im about.
With that, I will let the market do its thing, I do not want to deal with any dramas etc, any legitimate questions ill answer to my full ability, I am getting older and I no longer care to deal with bullshit cos at the end of the day I know that I will try my best to call good things (which with this conviction comes once a year) and be honest about things, so any morons, will be an insta block. U do not have to ape, u do not have to do anything, treat this as information to researhc more urself, find ur own entry ur comfortable with. I formed this conviction over many weeks of long research, as I put my reputation on the line with a write up like this, only you can form ur own conviction so plz do researhc urself as when dips come, instead of running to me and asking if im still bullish, if projects gonna go well in future, that should be a question for urself as ur conviction will drive ur own decisions.
With $Eth running nicely, I looked a very long time for a project that I believed had all those factors I listed in the beginning and for me this is the best one I have seen. Many many hours of research r put into each project and if we do get a nice on chain season, this will be my pick.
For futher transparency , I've looked into the snipers of this and there is one person that has my concern, someone that has 3% of the supply across multiple wallets. He sold some on launch day and none since, unfortunately there is nothing I can do to control that but for full transparency I have even undertaken that research to ensure supply is not super cornered. If that is too risky to u, plz do not ape.
This project has been live for a month and Bob @bobtherebuilt and others have shared it, I merely want to add my thoughts to why I like it. I do also want to add, I believe its more of a longer term project, thru ups and downs , I don’t see it as a pump to 100m down to 1m but maybe a pump thru hype , consolidation and dip and revenue after and pump. Slow riser depending on crypto hype, I cannot predict what will happen afterwards as the market judges that not me. But after all, part of web3 is looking at potential unicorns that launch at lower mcaps and understanding their potential. Few will make it, if they do its amazing and that’s why I do my research and pick what I believe r good ones. (very few)
I also wanted to drop this on a dip but in a green market like this, sometimes it becomes todays top is tmr's bottom. So again find ur entry, its 6-7m mcap rn.
Looked through a lot of others, some r cool, this one is my fave.
NFA DYOR
All luv and much spinach
Popseye
https://t.co/7B5Btp4Ibl
@DEXLaboratory4@FjordFoundry It's crazy that token holders had the right vision but just got fucked because token is not bonded to equity nor anything.
@StreetFDN and similar ideas are needed to save utility coins.
ETH is the main runner for sometime now, still onchain there has remained pvp for most of it.
The best explanation to this is @UseRobora launch today:
1E in LP and a nice 100E farmed in taxes + bundled to 2m.
Apart from the team and KOLs who will get a nice OTC price, no one will make money on this coin.
Yeah sure you can buy pico bottom at 2/2.5m and sell perfect top at 5m and make an x2.
But who is here to make AT BEST an x2 on a shitty liquidity and when most likely as a market buyers u will loose money.
Know ask yourself why trench money from Solana/Base would rotate to ETH trenches for those type of gains?
No crying in the casino, i'm just writing facts to remind myself that aping an average launch on ETH will most likely result in me losing money.
If you looking for AI exposure on the bonk eco, $3022 is looking like a solid bet:
- Survived first day classic PND
- Community is forming and some chads are already in
- Dev @mcstupid who endorsed the coin from the start is a real chad providing frequent updates
If you want to know more about the lore, here's a nice write-up by my g @0xNewSin :
https://t.co/Svz0qls0kF
Would recommend to put some limit orders if you looking for entry as every dip is getting bought up quickly (like that 500k dip earlier).
Capital preservation is one of the hardest part on a crypto journey, my takes on it:
- Cashing out:
Whenever you archive what you consider IRL changing gains (5/6/7 figs depending on where you live). You should immediately take it into a bank account or at least secure those stables so you don't trade with them anymore.
+ There are many ways to make your money grow outside of crypto: REA direct/indirect investments, stock exchange (only go for ETFs like S&P500, don't do stock picking, you ain't Warren Buffet) and many more.
- Stick to what you are good at:
If you made most of your gains trading onchain with a small port/size (4/5 figs) don't start playing majors cause you have reached 6 figs and you want to do whale stuff (remember how many times you had to fail before being profitable onchain).
Same for leverage trading, why going for a total different thing where you have 0 hedge/knowledge on what you are doing.
- Keep improving/rethinking your system:
Adapting your approach depending on market state is also key to stay sharp.
Whether it's by adapting your size and buy signals or changing your way of selling (keeping moonbags).
Adding a new way of trading to your system can be very good, but you should always start with caution and small size as you will most likely lose money at first.
This post was inspired by one of the best trader in here @Oura456 : https://t.co/KuYFUiusZw
Being able to trade only with a small part of your nw is also a key element to make the right choices and not overthink everything cause there is too much money on the table.
Stay solvent lads.
my networth is now only 6-7% crypto
yes I could have made more going 100x long fartcoin at the bottom
I don't care I secured the last cycle gains (after losing 30% of my port) and I will try to run it back now
my thesis to set yourself for life is to buy a lot of studios / one beds in prime location in big cities.
Safe passive income, you don't care about inflation because the rent price will go up with it and the ROI is usually higher on smaller units
Thanks GOD I no longer have the fear to lose it all anymore 🙏
(I also hope I didn't just top blast the pico top of the real estate market)
ETH trenches finally showing some life
Looks like Klik team understands what sol launchers didn't and is shipping hard (Base & Unichain coming soon).
Would suggest to keep an eye on @klik_evm deploys at time and to trade there as you will be farming airdrop.
Farmers still not fully here but will be joining us soon, enjoy it while it lasts.
if you’ve ever traded or created a token on klik
you’re part of the community
you’ll earn your piece of the $KLIK airdrop
klik isn’t here to extract: 99% of protocol revenue buys and burns $KLIK
inspired by Hyperliquid
built for Ethereum
Good post to expose these scammers mate.
Aped their pinksale 2 weks ago and was surprised when they decided to change the vesting terms of the sale.
Was used to have 100% TGE on this platform as no information was disclosed on their sale page.
But then they decided 40% TGE and 1 week cliff, before 0% TGE and 1 week cliff.
Hope @pinkecosystem will also investigate this on their side.