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Fighting crypto sniping bots is an ongoing battle like infosec, you constantly need to adapts
Leveraging Solana full historical data can help achieve better distribution for token generation event
Creating a marketplace where analyst can share their machine learning model and receive royalties on their usage could create an incentive to constantly improve the system and achieve better distribution
Why is it needed?
Token Generation Event have gotten worse over time in crypto. ICOs,in 2017, were the fairest but led to gas wars at the end, with bots out competing humans.
2021 lead the creation of 24h IDO, where less bots were involved but the duration and the % emission lead to retail losing money on most of them, since it’s limiting secondary market price discovery.
Crypto connoisseur pivoted to NFT mints as in general it had a fairer distribution model, but bots again made it impossible to run publicly and lead to a whitelist and presale system that is less fair
What's Index protocol?
Index protocol came as an experiment 10 days ago where it offered a public mint using the blockhash as a random number generator and picking a winner on every single block
All the fees generated were used for either creating an AMM pool or set a full collection size bid
The first mint ZERO(SPL Token), generated 650k in fees from the mint, the LP token was locked for 3 years
It now has the biggest TVL on meteora of 8 million $, and generated more than 50 million $ of trading volume
The second mint ONE (NFT) generated 26k SOL in fees and lasted 1h30, during that whole period it was responsible for an average 130 TPS, 24k users were active on the website during that period
It reached 60k SOL in volume on secondary marketplace
Both of these mints showed, it’s possible to achieve a fair distribution and generate a liquidity bootstrapping even that empowers it even more
Why do you need machine learning models ?
There is some limitation to using one valid mint per block, there is a certain amount that can fit into a single block and it’s also possible to do MEV by posting a full size block to a block producer like JITO
Ideally it should go into a different system where the is a list of eligible address with weight in each of them, and using an algorithm to pick the valid mints
Is it like a whitelist listen then?
Not really, let’s take an example: NFT with 5k supply
An analyst can create a list with weight of the best holders or trades that ever interacted with the secondary market a set a weight to it
This list can be 30-50k member, not all of them are even aware they are being selected
The mint can last for 1h, and if they join they have a chance of winning, but there is still chance for others to participate
It doesn’t need to be a liquidity bootstrapping event, wining mint fees can go to creators and losing mint can be refunded
The system can be fine tuned overtime to fit market reality and requirement
How can they receive royalties from it?
It can either be a fee when a project starts a deploy or a very small % fee during claim
This gives an incentive to actively improve the list
How will the system look like?
The system should be decentralized with an immutable smart contract and based on a data oracle based on multiple provider providing the same proof
It should become a utility program similar to Metaplex candy machine and a collaboration between different parties from Solana could make it a more robust and sustainable system
BRC-20 showed the demand for fair mints but the system doesn’t prevent boting and fee auction wars
Index protocol could achieve better system for token generation event and have the option to add a liquidity bootstrapping event or not
Can we making minting and crypto fun again?
What's your opinion?
We are happy to announce that our v3 contract is now live at https://t.co/stj08HUR8b!
This update to our protocol introduces non-custodial swaps, swap expiration, swap editing and more!
https://t.co/6Ta3bBzQxe
Someone should make a project called "THE Protocol", so that their shills can say "Look, soandso mentioned THE!" pretty much any time anyone says anything.
We are launching an Android app for our #cryptocurrency exchange platform that doesn’t require an account to exchange your #crypto.
📲 Download the app here: https://t.co/BhDa2421FI
The airdrop for AIDOGE @ArbDogeAI and PEPE @pepecoineth community investors has launched!!!⚡️⚡️⚡️
A total of 1,200,000,000,000,000 $ODOGE tokens are now available to be claimed by top holders addresses of AIDOGE or PEPE.
Each one will get 300,000,000,000 tokens.
The snapshot time is 2023.05.02 16:00 UTC
$ODOGE tokens that have not been claimed within 15 days will be Burnt.
Claim time: 2023.05.05 17:25(UTC+0) - 2023.05.20 17:25(UTC+0)
Claim website: https://t.co/vVRvsqXEQT
🪧https://t.co/1hr0nxedZw
🌐https://t.co/rEvgHdGaFn
🐦https://t.co/IhqHppwIZV
💎Contract: 0x9528b1166381fe60f24A952315A3e528A56407a0
The Thala Ecosystem is exploding with a range of products, from Stablecoin to AMM, LST, and Launchpad — and we're just getting started. Together, we are here to grow @Aptos_Network DeFi. 🚀
🎉 MVC: Celebrating First Anniversary Since Mainnet Launch! 🎉
A massive thank you to all MVC supporters! To make this journey even more memorable, we invite you to join our celebration:
1️⃣ Follow @mvcglobal
2️⃣ Quote or retweet & tag 3 friends
🗓 Start Date: 26-Jan-2024
🗓 End Date: 31-Jan-2024 23:59:59 UTC
🎁 20 lucky winners will share 50 $SPACE!
Let's take a nostalgic trip down memory lane and celebrate MVC's milestones:
🌱Fair Launch (26 Jan 2023) -
No presale, No VCs, No ICO IDO IPO. Purely community-driven.
🔧 Key Development Milestones:
- UTXO layer 1 Turing complete Smart Contract
- Revolutionary BVM (Bitcoin Virtual Machine)
- 1:1 Satoshi Mapping soon to act as a Bitcoin Sidechain
- Node upgrade (Jul 2023) for enhanced performance
- Lightning-fast 10,000+ TPS and instant transaction speed thanks to zero confirmation technology.
- $0.01 gas fees paid with $SPACE, paving the way for Bitcoin micropayments.
- MVC-20 - The first free-mint protocol built on Bitcoin sidechain
- UTXO layer 1 on-chain DAO voting contract
🌐 Key Ecosystem Achievements:
[By various DAO developers]
- @orders_exchange
- @mvcswap
- MVCbridge to OP, ARB & ETH
- Three types of wallets across [IOS, Android and Chrome]
- MVCscan & Indexer upgrade
- @show3official : A decentralized discord with NFT Market and Metaname
🏆 Other Noteworthy Achievements:
- Mining Dutch: A big shout-out to Mining Dutch for their unwavering support and maintenance of the MVC chain since the mainnet launch.
https://t.co/R8XwAyv4Eo
- F2pool listed #space
https://t.co/69622YyWyQ
- Hashrate ranked 3rd after $BTC
- Listed on eight Tier 2 & Tier 3 CEX
https://t.co/u0GlyetJWo
- Featured in a Cointelegraph exclusive interview [Free of charge]
https://t.co/UyMZnuiDlP
- Token-2049 partnership with @CoinWOfficial
- Successfully completed audit
- Launched three DEX
RocketXexchange, MVCswap & OrdersExchange
- Integrated AI bot with @PaalMind
🏛 DAO Progress:
- Established DAO constitution
- Formed Committee and DAO positions
- Media coverage on @Cointelegraph , https://t.co/yRPOpIGYBc and various western media around 6 months
- Media coverage on Odaily [Eastern Exposure]
- Two more Top 5-10 CEX listings coming in 2024 Q1
🔜 Upcoming Focus in Feb 2024 - Building Together:
- Drafting builder grants proposal for committee review and amendment advise + Public notification (4 - 5 days)
- On-Chain Proposal (7 Days)
-Kickstart Builder Grant Program in Feb 2024
#bitcoin #layer2 #sidechain
KENKA New Year Festival⛩
🎍KENKA8TH✨
NOW LIVE!
Event Duration: January 9, 2024, 3:00 PM - January 17, 2024, 2:59 PM (UTC)
Visit the sale website
https://t.co/e59IjZWSOL
💥Single Gacha
2,500,000 KENKA
Payment address:
0xe2Bd6CcBED1d5f635c015b1fE546C81980d50f30
👊111x Gacha (includes a bonus of 11 extra spin)
250,000,000 KENKA
Payment address:
0xAF7279Ce02d529A3f63c4012405f8b0177005D4f
KENKA8TH and KENKA8THPremium
Payment address:
0x110e227E5546B959c404C7Ecc23e66B5c194b722
⚔About the Common Item
In order to Limit Break the Common items, 25 Common items are required.
📣Sale Details
Introducing the cheapest gacha in the history of KENKA💜👊
Send $2 worth of KENKA COIN to the payment address and chance to win Kouzi SSR!🎊
📕Kouzi, the premier fighter renowned for his spectacular accomplishments in K-1 and RIZIN, makes an arrival in the world of KENKA✨
Engaged in epic battles with fighters like Tenshin and hugely popular on platforms like YouTube and other social media🔥
Achieved a TKO victory in his MMA debut at last New Year's Eve's RIZIN.45⚔️
Prepare yourself for this huge collaboration with Kouzi🔥⚡️
Get ready to team up with this unstoppable force and conquer the metaverse world👊
Kouzi NFT👊
✅Kouzi SSR BROTHER
✅Kouzi SR TRAINER
✅Kouzi R BROTHER
There's much more to this with premium items!
Chance to win the NFTs by simply sending to the designated payment address!🎉
👊Additional Double Chance!
Those who spin the 111x Gacha have a chance to win the following airdrops!
✅ Kouzi SSR BROTHER: 1 winner
✅ Kouzi SR TRAINER: 1 winner
✅ KENKA 9th Premium: 3 winners
❇️We will giveaway KENKA9TH, which you get to use it in the next sale, to those who spin the 111x Gacha.
*1 ticket per 111x gacha spin
❇️How to Participate
Send KENKA to the designated payment address (Single and 111x spin)
*The tokens are scheduled to be distributed the day following the sale in which you have participated.
*Please note that distribution may be delayed depending on the status of the blockchain.
⚠️NOTES
Please send your funds from self-custodial wallets such as Metamask.
You will not be able to receive the tokens if sent from any central exchanges.
Refunds will not be issued after participation.
The design of the NFT is subject to change as it is still in developmental stage.
#KENKA
More than a bridge.
Connext is a protocol to build universally accessible, interconnected dApps. It's the public good layer that enables a 1,000 rollup world - the interchain. 🌐
It's what's NEXT for Web3.
AMA questions collection until Feb 2nd!
ELYSPACE on Twitter! 🐤
ELYSIA's Direction for 2024! ✨🛣
🗓 When: Feb 6 (TUESDAY)!
⏰ Time: 7pm (KST)
5 Winners with selected questions + 5 AMA listeners will be chosen to receive 10 USDT worth of token rewards each! 💰
Join it and earn! 🎉
Let's support ELYSIA! 💪
🔗 👉🏽Make your AMA question here! (https://t.co/XthCUwlMYs)
#ELYSPACE #Elysia #RWAs #RealWorldAssets #CryptoEvent #Blockchain #TokenRewards
#CryptoCommunity