Should seed investors and VCs be eligible for the @Sagaxyz__ Loyalty Drop? What do you think? These guys are already eating very well.
Despite their lockup period and vesting schedule, early investors can stake their $SAGA tokens to earn staking rewards.
The circulating supply of $SAGA is 90M; however, there are already over 700M $SAGA staked. 🤔
To clarify, I have no issue with these individuals being able to stake their tokens and participate in the chain's governance. However, them earning staking rewards despite a 1-year lock-up period and a linear vesting for 3 years seems very questionable to me.
▶️Think about this:
By the time VCs' tokens fully unlock, these guys sit on 50-70% of their initial token allocation. In the fundraising rounds they paid X for Y tokens, but now as their vesting comes to an end, they own Y + 50% staking rewards. 😟
Alternatively, they could just dump their staking rewards for months and years in a row, so that by the time their original allocation unlocks, they've already made more money than they initially invested without having sold one single token of their initial allocation. 🤯
Should these folks also be eligible for the loyalty drop (redistribution of unclaimed airdrop tokens), then I've definitely lost faith in so-called community projects. It's always the same: VCs win big time, and retail acts as their exit liquidity they can dump on.
Btw, I don't want to shit on Saga here, this is a general problem with L1s. The same thing is true for protocols like @CelestiaOrg or @dymension.
Finally, I think VCs should definitely be eligible for airdrops going to the project they hold a stake in, but please, they should not earn staking rewards on their locked-up and vesting tokens.
WhatsApp vs iMessage is the new metric vs imperial.
The entire world uses WhatsApp, save a few people who are iPhone-clutching Americans or from a country where WhatsApp is banned (like China).
Yet iMessage users will actually claim it's objectively better, just like they will claim that Farenheit is intrinsically better than Celsius and inch better than cm, whereas it's just that they grew up with it.
Important News https://t.co/kJ9URVpOul Community! 🙌
The @Mettalex team has released their Community Fund Proposal to help accelerate the development of their P2P #AIAgent-based DEX 🤖
Read all the proposal details, including spend, roadmap, & more 👇
https://t.co/8irYV9NQpj
🚨Attention #Mettalex Community and @Fetch_ai Validator & Delegators!
📢Community Fund Proposal for Mettalex is now live: https://t.co/0NKUVIjg81
This Proposal will help #Mettalex accelerate the development unique platform features🛠️,expand market presence🌐& enhance liquidity💧
Cast your vote🗳️ to shape the future of DeFi trading!🚀
🌐Don't miss out on an insightful 𝕏 Spaces session!
Discover the latest updates on our pioneering P2P Order book and #AIAgent-based DEX and explore our future roadmap.
Mark your calendars!
🗓️April 10th, 3PM GMT
https://t.co/qoSSVt8Tqc
🚀Unveiling our next blog: Marching Towards Decentralization.
🔎Discover how #Mettalex is pioneering a new era in DeFi trading, ensuring efficiency, security & no single point of failure.
Checkout 👇
https://t.co/FvR3d7Chup
$MTLX fits multiple narratives:
#RWA: it tokenizes commodities on the platform
#DeAI & #AI: it’s built with $FET technology
#Agents: it’s the only agent-based Dex in the industry
$ASI merger: it will be the primary DEX for $fet $ocean and $agix
The DEX of DEXs at 20m mcap
Who wants a deep dive on $MTLX?
Does the $FET community even know this project is being developed by the same developers?
Really interesting project in my opinion.
200 likes and I'll drop it tomorrow.
Get ready - Mettalex is coming! 🔥
Leading the innovation using P2P X-chain transactions - using @Fetch_ai#agent technology.
Want to try it out, sign up for early access.
Get in touch for a demo to see the agents at work.
#roadmap
$MTLX by $FET
Developing an #AI Commodities Derivatives #DEX and including a Large Language Model and $FET agents
This will be massive for holders, and the only #DEX on the #ASI
$FET #ASI $OCEAN $AGIX
$MTLX is currently only a $16M market cap @Mettalex
1/1 🔒
Power to the People: Your voice will shape the future of #decentralizedAI and #ASI with governance proposals opening on 2nd April 🗓️
Those in the https://t.co/kJ9URVpOul community who are staking $FET on the native Fetch Network will be eligible to vote on our prop! 🗳️
The Artificial Superintelligence Alliance $ASI is not just about merging tokens but about progress toward an open, inclusive #AI future. Together we have significant resources to tackle this challenge 🛠️
Take a look at our combined tech stack 👇🌐
To be honest, I think AI has the potential to become on of the biggest narritives crypto has ever seen.
You can't even comprenhend the potential of it yet.
$FET $AGIX $OCEAN $ASI $ORAI
> Total AI market cap $30B
> Ripple market cap $33B
In this cycle, positioning in the hot categories is crucial; the performance gap has never been wider.
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Find my AI token list below! 👇