Ben777🛸

[cp0x.com @cp0xdotcom]

https://t.co/OUSZ8Fa2Fz

[Ben777🛸 @LuckyBen777]

I got a Legion Score of 747 on @Legiondotcc

[cp0x.com @cp0xdotcom]

Thank you to everyone who used our referral link (https://t.co/pYLY0bgKJe) and participated in our @HyperliquidX promo!

We distributed 280,383😳 tokens (~$1.6M 🧐 at the time of distribution) to our users: https://t.co/10qfSCCc4q

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[cp0x.com @cp0xdotcom]

Scam or investment opportunity?

Another post about teams abusing the crypto industry and deceiving their investors. Today's heroes scam slowly, creating the appearance of activity. In this case, it is always difficult to separate malicious actions from "bad luck, we tried honestly", but after reading, draw your own conclusions. Perhaps we are wrong, and this is one of the best investment opportunities on the market.

We are talking about the project - @IntegralHQ
Not all of you remember, but this was one of the largest ICOs of spring 2021. There was a public sale of tokens, where users brought the project ~$32 million in exchange for ITGR tokens.
($35 million is indicated here, but the real amount is about 32kk)

At that time, DeFi Summer was flourishing, so the project team decided to create "Integral is a DEX: building the last DEX that belongs to the people". The main character was the CEO of the project @ProfessorJEY, a Harvard graduate and other marketing attributes. As it turned out much later, Professor Jamie E. Young's name is Wilson Qin (https://t.co/jzMjdpoLn3).

At the start, the team really made a product. The first version of Integral, as a classic dex, did not work: there was no competitive advantage. In early 2022, the team pivoted to TWAP Dex without any votes, where it remains at the moment.
Integral's metrics look like this:
TVL last 2 years
And here are their achievements in August
This is not a new startup, this project is three years old.
But as you can see, there is activity in social networks and the infrastructure for the exchange is supported. Moreover, over these three years, the guys added a second network to their protocol, Arbitrum, where the product is now used by as many as 16 users per day.
Some aggregators' TWAPs are routed through Integral, so the exchange really has volumes (eth+arb): $1-3mln per day. But you need to understand that these are transactions with zero commissions. The exchange does not earn anything from the very start, which is standard in crypto.

What about the project token that ICO was built for?
It exists. Zero utility, never had a DAO, a dummy token since TGE, not counting a short staking period (you stake to get even more ITGR lol). But also pretty standard. The community has asked many times to make a DAO or add utilities, but these questions were and are ignored.

So, since the ICO, "building the last DEX" turned out to be a TWAP exchange with 16 daily users, has a static TVL of 2 million (almost all from ICO fund), and zero updates on GitHub. The developers are so busy that in three years they were able to add a second Arbitrum network, completely ignoring the entire L2 boom. It seems that TWAP contracts are not a very difficult job for a team with a budget of 32 million. But perhaps the developers have a plan (spoiler: yes, and they've been following it from the start).

Why did we even decide to talk about this? This is probably one of the best investment deals at the moment.

Let's get back to the 32 million from ICO. The funds raised from ICO went to multisig https://t.co/gFrHL7SRZN (current balance $6.5 million).

There is also a balance here 0x0f4e654D27ccF8F788877E6CdA7396D4628Dc51F (830k) and several LP wallets in Integral itself. Total about $8-9 mln in USDC and Eth.

The current marketcap of the project is 400k, and FDV is $1.3 mln. x30 to the marketcap! Dream!

But hardly any of you will see this money, and here's why.
From the very first month, money was withdrawn from the main wallet to the address 0x5420c34ee18e31d7e0cf13fcfe7cc10a7f6eee85.
From there in the first months
5 mln went to Celsius 0x01adc16ec2e7adb9d550bce8d129ec5ad644fedd,
3 mln to Nexo 0x979c9a0d71c9ec1394f8d42f43791833a20b4013 and so on. It's okay, sometimes developers need comfortable conditions for creativity.

Bit in addition to this, monthly transactions have been going on for all three years. They still haven't stopped. Obviously, this is a salary. The project is active, why not. How much would you rate a monthly call with the community, support via Discord and zero updates on GitHub? The team has its own price list - from 90 to 120k per month. Moreover, they are divided into 7-8 wallets, where the "main" one always has a transfer of 80k.
All three years, monthly transfers of 80k first went to Kraken (0x7cea0096bf59b656214440a145136ad198737050), now they go to HTX (0x2a8be34a44c89f837507b54661c3e6c664b73032).

Agree, not a bad hourly rate for developers. However, the team is no longer there: Wilson Qin has disappeared from the public radar, and the only activity in the discord is created by https://t.co/DtfONSwEzE (@mmarfinetz7, Mitchell Marfinetz) and several support bots/clones.

So, the salary is $1.4 million per year with a project market cap of 400k.
But, of course, that's not all. For such fruitful work, holiday bonuses are needed. For example, New Year's: $1.2 mln on OKX at the end of December 2023 (0x12838509f9d121ccd87456f6deced5e1ef20d6f6).

By the way, last December the balance of the main wallet was $13.5 mln, now it is $6.5mln. I understand the team, because if you withdraw 1.4 million/year, then this whole thing will drag on for 10 years.

Stop and return the remaining $8mln to the poor token holders with their x0.01 - no, we haven't heard of that. Any calls to do this are completely ignored. The only thing that raises questions: why are they delaying the withdrawal of the entire amount for so long? Apparently, there is a fear of regulators?

Well, this is how the last DEX is built, which belongs to the people. In our opinion, these guys do it so beautifully that it is impossible to remain silent about it.

Scammers or a good investment opportunity?

[Ben777🛸 @LuckyBen777]

I earned 14,000 $BLAST in @BLAST_L2's Phase 1 airdrop. Join the mission to UNBANK THE BANKED and earn Native Yield + BLAST in Phase 2!

[Ben777🛸 @LuckyBen777]

Verifying my Twitter account for my #GalxeID gid:2BFqdDFR52Y2HX2v9EkXuX @Galxe

https://t.co/Xpw7hx9rke

[Pundu (🐼,🐼) @pundusol]

Did you know that pandas love gambling as much as degens do?

$PUNDU poker tournament is set to happen tomorrow, 5pm UTC!

We will have a prize pool of $10k worth of $PUNDU!
In order to join you shall comply with several simple rules:

🐼Like & Rt this tweet

🐼Register at https://t.co/bl6I10R6yU

[Babylon @babylonlabs_io]

🚀 Milestone Alert! 🌟

🛡️A total of 60 validators have joined Babylon's Bitcoin Staking Protocol Testnet - propelling towards a more resilient, secure, and decentralized economy!

🎯 Our mission is to enable a Bitcoin-secured Proof-of-Stake economy, tapping into Bitcoin's vast $1 trillion idle capital to secure PoS systems and generate yield.

#StakingBitcoin #BitcoinDeFi #Babylon

[Babylon @babylonlabs_io]

It's time to join the Bitcoin Staking Revolution! 🔶

The Babylon Testnet goes live next week giving everyone a chance to experience Trustless Native Bitcoin Staking for the first time ever 🥳

Here's everything you need to know to secure your Bitcoin Staking Pioneer Pass NFT👇🧵

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[Babylon @babylonlabs_io]

🚀 Countdown to Babylon's Bitcoin Staking Protocol Testnet Public Launch Begins!

🔒 Trustless Staking
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👀 Ready to witness a new era in Bitcoin staking?

#StakingBitcoin #BitcoinDeFi #Babylon

[Ben777🛸 @LuckyBen777]

Just minted my Mode Sentinel NFT only available on @Intractcampaign & unlocked the door to bonus XPs and exclusive perks on @modenetwork

Join Mode Onchain Takeover 👉 https://t.co/MUMfv4UeJv

[Bantr @Bantr_fun]

Join the @modenetwork Onchain Takeover! 🟡

❤️‍🔥 Phase 2 is LIVE & it comes with an exclusive ‘Mode Sentinel NFT’ that will unlock future perks on Mode!

Complete the Mode Ecosystem’s campaign quests now to score those perks + win from the $7000 prize pool: https://t.co/1LijplpqCZ

[Mode 🟡 @modenetwork]

Phase 2 on @IntractCampaign is LIVE 🟡

And it comes with an exclusive ‘Mode Sentinel NFT’ that will help you unlock perks.

Complete the Mode Ecosystem’s quests to score those bonus XPs + a share of the $7000 prize pool.

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[Ben777🛸 @LuckyBen777]

I'm binding my Twitter account to my Web3 Profile on @DeBankDeFi

https://t.co/A3LEmy0BRM

0x9be92e68c71e52269b96e615031f0571bfe7cc7e

#DeBank

[Maverick Protocol @mavprotocol]

Maverick is live on @BuildOnBase!

DeFi made more efficient on Base, powered by @mavprotocol

Token projects, LPs and traders can access higher capital efficiency and surgical liquidity incentivization via Maverick.

👉 https://t.co/UtePEEZbAR

[LayerBank @LayerBankFi]

🎉Join LineaBank's IDO WL spot #giveaway with @Galxe, which has the highest TVL on the Linea Mainnet!
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And to celebrate this, we're giving away 100USDC!💰
⏰ 72 Hrs
👉 Like & RT & drop the wallet
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More details:
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#IDO #Giveaway #Airdrop

[Ben777🛸 @LuckyBen777]

Attention, all Galxe explorers!I'm embarking on a LineaBank Campaign and wanted to invite you along for the ride.Sign up using my referral link and win rewards! 🎁https://t.co/q3Zohar2TW

[Ben777🛸 @LuckyBen777]

Excited to kickstart my journey towards being #PolygonzkEVM bound with #Intract

[Tapio @TapioFinance]

Tapio Finance's Goerli Testnet is now live and will run till July 26th!✨

Complete a checklist of tasks for rewards including eligibility for a $TAPIO airdrop!💰

Read more👇
https://t.co/QKN1DYBFkD