KingBaz 🦭/acc

Strong and energetic.

[KingBaz 🦭/acc @KingBazK]

Base 001 with $jesse. @jessepollak but in reverse.🤣

[Ansem 🐂🀄️ @blknoiz06]

what other creator is giving their followers a 100,000x ROI? only possible in crypto

[KingBaz 🦭/acc @KingBazK]

@jessepollak’s scam digging for oil.

The creator token of the Base 001.😂

Sorry to everyone depressed and RIP to those who put their life savings into this believing that the leader of Base would never scam or abandon them.

[KingBaz 🦭/acc @KingBazK]

@mksvibe @caraxesvhagar @jessepollak @base You’re tagging someone who cannot move his own token by 20% and sustain the movement for a today.😂

[KingBaz 🦭/acc @KingBazK]

@mksvibe @baseapp Kingbazk1.base.eth

[KingBaz 🦭/acc @KingBazK]

Don’t forget that @jessepollak is the biggest idiot and scammer on earth. Launching $jesse and rugging his true believers. Ensuring alongside the entire retards in Coinbase leadership that the token is killed any slight chance it gets to pump.

[KingBaz 🦭/acc @KingBazK]

Why not just say plans will be revealed soon?

I think you deserve all the hate you get. Just nuked revival of $jesse with this nonsensical reply. You could have just remained silent. You don’t care about how much money people lose believing if your shitty self.

[jesse.base.eth @jessepollak]

@KienNguyen_NFT I don't have specific plans, I just know I'm young, crypto is going to take over the world, and I'm going to be a part of it

also learning in real time from the GOAT @blknoiz06

[KingBaz 🦭/acc @KingBazK]

Easy when you post 50% of all listed tokens.

[Crypto GVR @GVRCALLS]

6.7 ——-> 10.5$

$ZEN raised 60% in just 7 days ✅

[KingBaz 🦭/acc @KingBazK]

Early in @makinafi

[KingBaz 🦭/acc @KingBazK]

Grifted his way back up.

[Instablog9ja @instablog9ja]

“I lost $500,000 in one night when bitcoin crashed.” — Media Personality Danny Walter opens up

[KingBaz 🦭/acc @KingBazK]

This dude and his friends rugged CT so hard here, became rich and are dishing out success tips now.

Lmao.

[KingBaz 🦭/acc @KingBazK]

Industrial sybil farms are far more likely to provide liquidity and maintain high balances on their wallets for years. These are institutions and individuals that have outrageous liquidity to throw around. It was shortsightedness and peak ignorance to believe that industrial sybils would be filtered with liquidity provision and balance maintenance. Nah, they’d always all get in with little effort and no fees spent, while your real, poor users who burnt the $100-$1000 they had, in fees, generating huge revenues for you, get left out. Is zksync a chain or a liquidity mining protocol?

A few minutes after the eligibility checker was out, pre-market for $ZK dumped from 70-80 cents to 20 cents. All tokens on the chain dumped by over 50%. That was a clear sign that you had wronged your real users but pride and ignorance didn’t allow you a clear vision and understanding. 100k max allo, 400 min allo. Lol. Arbitrum had 1.1b tokens to distribute to 4.5m users, filtered users down to 660k and kept community intact with its distribution. You had 3.6b tokens to distribute to 5m-6m users, filtered users down 690k and ended up screwing 90% of the users who managed to get into the 690k. 3.6b tokens ffs.

You goofed and you’ve seen the results over the past year. $50m locked in Defi, for a chain that raised approximately half a billion usd and prioritized “liquidity provision”

[frogmonkee @frogmonkee]

Great analysis and perspective on the $ZK airdrop.
If I could add a few things on the design:
1. Industrial Sybil Farming
2. Regulatory Regime
3. Unrealistic Expectations
4. What we could have done differently

-- -- --
🧑‍🌾 Industrial Sybil Farming
Last year, all major TGE projects designed their airdrop to fight off sybils. I remember sitting on edge of my seat with every @PrimordialAA tweet about L0's sybil witch hunt.

The reality is, industrial level sybil farming is nothing like you've seen. For ever farmer manually clicking buttons, there were 1,000 automated wallets performing the same activities.

I'd go so far as to say that project weren't optimizing to reward their community. They were just trying to prevent sybils from taking the whole pie. What went to eligible users was determined through a process of elimination.

For $ZK, our heuristic was time-weighted-average-balance (TWAB). It was our shortcut to cutting out sybils that optimized for transaction volume. Of course @fipcrypto is also right in that we wanted to reward and incentivize future deposits of liquidity onto Era. Liquidity is king in the L2 game.

In the process, we probably did cut out some real users that didn't have a high enough TWAB. In hindsight, we could have done better here. But it also worked. After we released the checker, I remember reading a lengthy post written by an industrial sybil farmer claiming how we completely wiped out his operation. He spent all his capital farming $ZK thinking it would be easy money and he got nothing for it.

-- -- --
⚖️ Regulatory Regime
Something else that really fucked us was the regulatory environment. We TGE'd during an extremely hostile and litigious administration. As such, we had to abide by extremely strict legal guidelines in what we could communicate about our token.

Remember this tweet? This took me 4.5 hours to write with our legal team and it only hints at a token. (Peep my cover photo.)
https://t.co/ITcxjFIyQ0

A token is a product. Naturally we would want product feedback prior to launch. In an ideal world, we would have taken a snapshot and released several different airdrop designs to see who was rewarded and who was not and collect feedback. But we couldn't, because any such communication would indicate an upcoming token and therefore violate some securities law.

In what other industry are you forced to launch a high-stakes production level product with 0 user testing???

I'd say points were our industry's attempt to get around this problem and thankfully there is a much friendly administration now.

-- -- --
😱 Unrealistic Expectations
Another reason the $ZK TGE backfired was because people already have very clear expectations. Various different checkers and influencers gave a blueprint of farming activity and led people to believe they were eligible. These people/checkers did not work at zksync, so how could they possibly know eligibility criteria? They couldn't. They sold hope and when reality crushed those dreams, blame fell on us, not the ones who sold false promises.

Furthermore, we couldn't do anything to publicly correct the record thanks to our conservative legal stance which let the problem grow beyond our control.

-- -- --
🤔 What We Could Have Done Differently
I still think that $ZK was a good airdrop. You can look at price action and say it sucked, but I think that's more an issue with generalized L2s, not airdrop. zksync is going after the chain-of-chain category now, so it remains to be seen if its underpriced. If $ETH wins the blockchain category with it's L2s, then maybe $ZK wins the L2 category with its interopable deployment stack. But anyways, I'll stop shilling my bags.

The only material thing that I would have designed differently is making sure each wallet at least got enough tokens to make up for their fees spent.

After we released the checker, I was not prepared to see how many people were upset that they spent hundreds or thousands of dollars in fees only to get a small allocation or nothing.

Given that we gave out 17.5% of total supply in the airdrop, it wouldn't have cost that much to at least allocate tokens to make users net 0 on their fees spent.

We were not obligated to do this, but I think it would have been a nice gesture and bought us a lot of goodwill.

-- -- --
Anyway, that's all I have to say on this for now. The whiskey is wearing off.

If you want to know more, please read @fipcrypto article below and these two docs pages that we spent a LOT of time on:
https://t.co/r22Xx1rWHi
https://t.co/aTh6Q47iuQ

[KingBaz 🦭/acc @KingBazK]

@SIMBA_______66 Pmo Idolo

[KingBaz 🦭/acc @KingBazK]

There was this other guy doing this nonsense and used it to grow his followers.
Adellbah or something. Uses HTML to fake airdrop allo on a CEX wallet. Other times he just buys the tokens once it lists and screenshots as his allo.😅

This chap here literally has less than five tweets about @SuccinctLabs on this account, yet y’all dumbheads believe he received at least 60k tokens, to be worth this at the time he posted it. The topmost $PROVE receiver got 60k tokens. A countable number received 10k-50k. So let’s say he received this allo he claims as an unknown Sybil, how many Discord and X Accounts did he Sybil? 5? 10? Lmao.

[Danbig1 @Sexytitan18]

$Prove change my life 😭😭😭
Thank you @SuccinctLabs 🙏🏿🙏🏿🙏🏿

[KingBaz 🦭/acc @KingBazK]

1k comments of God when and congratulations on a larp tweet is wild.

Is this how stupid people are on here or it’s the desire to attract success?

[Danbig1 @Sexytitan18]

$Prove change my life 😭😭😭
Thank you @SuccinctLabs 🙏🏿🙏🏿🙏🏿

[KingBaz 🦭/acc @KingBazK]

You literally post this way about virtually all tokens.

If I posted 100 plays per month too, I’d be accurate this way on some.🤣🤣

[Crypto GVR @GVRCALLS]

0.004$ —-> 0.046$

Solid 12X gain on $PENGU in just 3 months

Still clown 🤡?

[KingBaz 🦭/acc @KingBazK]

@SIMBA_______66 Monad Inu?

[KingBaz 🦭/acc @KingBazK]

@SIMBA_______66 @cysic_xyz You’ve got any guide?

[Mynt (privacy szn) @MyntUSD]

Mynt Stages 1 & 2 are over and recorded.

Final Stage 3 starts now. Starting today, new users can join only through invite links from our 8,000 OGs.

If you’re an OG, generate your invite link, invite friends, and earn Stars.

Quote tweet this with your invite link and start earning stars

[KingBaz 🦭/acc @KingBazK]

@MyntUSD Hi,

Let's test proving on myntusd together. Myntusd deploys @SuccinctLabs' ZK proof technology.
https://t.co/m3LCYGulSS

[KingBaz 🦭/acc @KingBazK]

@Adnaan11_ @MyntUSD Please, how did you generate?