Pterophyllum

It is not the man who has too little, but the man who craves more, that is poor. - Seneca

[Pterophyllum @Scalare__]

@loki_yow @0xyunss boleh share confignya mas?

[Pterophyllum @Scalare__]

@CVLTraders PDF

[Pterophyllum @Scalare__]

@yourmethapor masih ada kak? dom mana?

[Pterophyllum @Scalare__]

gue capek sendirian.

[Pterophyllum @Scalare__]

I love when things go purple

[Pterophyllum @Scalare__]

@jessepollak This is the CA.
0x8d285Df5bE4570097E84241090FCa8034AB18547

[Pterophyllum @Scalare__]

@Barbapapacoin good project @alessaoncrypto @dodo @sosmedkeras

[Pterophyllum @Scalare__]

@spyonbasechain love the art!

[Pterophyllum @Scalare__]

I’m now testing @Swisstronik and I love the privacy features of their L1 https://t.co/ZAX990on5i

[Pterophyllum @Scalare__]

I’m now testing @Swisstronik and I love the privacy features of their L1 https://t.co/ZAX990on5i

[Pterophyllum @Scalare__]

@nanobot_trader good project sir

[Nano Trader @nanobot_trader]

If you follow me for a longer time you know I’m not saying things like that but: I’m super bullish on one upcoming crypto project 🔥 so I decided to introduce it a bit:

TLDR:
For those who are not fans of reading:
-⚙️Innovation in privacy focused cross-chain bridging and interoperability
-💪Top tier team behind
-💶Revenue share mechanics and other token utilities
-🚀Launch in 1 month (and still some opportunities to get on board)
-🤝 Good product-market fit
-🔥Huge potential

Confidential Layer $CLONE
Confidential Layer is a decentralized cross-chain protocol that enables private and secure transfer of crypto assets between public blockchains like Bitcoin and Ethereum, and privacy-focused blockchains like Zano or Firo.

Built on the robust Bridgeless L1 blockchain, it leverages cryptographic proofs and wrapped assets to ensure that while the initial asset lock is recorded on the transparent source chain, the actual asset details and transaction amounts remain hidden, preserving user privacy throughout the bridging process.

🤔In human language?
Confidential Layer is like a super-secure bridge for your crypto. It lets you move your Bitcoin or Ethereum to private blockchains where your transactions stay hidden, kind of like having a secret crypto account. It does this by creating a secret code that proves you locked up your original coins, but doesn’t actually reveal what or how much you’re moving. So, you get the best of both worlds: the security of big blockchains and the privacy of hidden ones.

Using this technology in combination with their pools they allow you to bridge between programmable blockchains (Bitcoin, Ethereum, Solana,...) and privacy chains.

🌉What kind of bridging does CL support?
According to the roadmap Confidential layer will initially support bridging from Ethereum, Base, Bitcoin to privacy chains like Zano or Firo. One month after the TGE they will add (for me personally) the most interesting feature: Bitcoin <-> Ethereum bridge. They plan to support most EVM chains and in the future also Solana and TON.

🔧Possible use-cases:
1) You're a high-net-worth individual concerned about security: You can move a portion of your Bitcoin holdings to a privacy blockchain, making it significantly harder for hackers to track and target your wealth but still preserving on-chain proof that your assets are stored somewhere.
2) You want to bridge your assets from Bitcoin to Ethereum and you’re interested in privacy. You check the checkbox “use privacy chain as a middle layer to bridge assets” making your bridge untraceable.
3) You want to use CL as a “mixer” so you send your assets to the privacy blockchain using Confidential Layer. You can then simply withdraw those assets using another wallet.
4) … (etc.)

Generally the larger your wealth is, the more you look for something like this.

🕵How Confidential Layer keep your assets secure and anonymous?
Confidential Layer doesn't expose the assets or transaction details on the Bridgeless L1. Instead, it utilizes a clever mechanism:

1) Asset Locking: When you bridge assets using Confidential Layer, you first lock your original assets on the source chain (e.g., Bitcoin, Ethereum). This lock is recorded on the source chain's public ledger, which is transparent.
2) Proof of Lock, Not Assets: Confidential Layer generates a cryptographic proof of this asset lock. This proof doesn't reveal what assets were locked or how much, only that a lock occurred according to specific parameters.
3) Minting on Privacy Blockchain: This proof is then relayed to the target privacy blockchain (e.g., Zano, Firo,...). The privacy blockchain verifies the proof and, if valid, mints equivalent wrapped assets representing the locked assets on the source chain.
4) Bridgeless's Role: While the initial lock is visible on the source chain's ledger, the Bridgeless L1 itself never receives the actual assets or specific details about them. It primarily facilitates the communication and verification of the proof between the involved chains.

In essence, Confidential Layer leverages the transparency of source chains for initial asset locking while maintaining privacy by transferring proofs, not assets, to the privacy blockchain. This way, the Bridgeless L1 doesn't contain sensitive information that could compromise anonymity.

More about bridging process and Shamir’s Secret Sharing:
https://t.co/e7cTuZeOhZ

💵Token utility
Confidential Layer has similar revenue share mechanics like $BANANA with one main difference - rewards are distributed between token staker (not between all holders). Stakeholders are eligible for 50% revenue share from Confidential Layer revenue and community pools.

In the future the team plans to launch a $BRIDGE (L1: Bridgeless) token and few side projects inside the ecosystem. $CLONE Stakeholders will be eligible for airdrop allocation in those projects.

By staking $CLONE you get also access to affiliate rewards and discounts on Confidential Layer services (mainly on fees)

🪙Tokenomics
Confidential Layer has a total supply of 1 bil. tokens with 15% circulating supply after the launch and around 2% of the supply inflation each month (linear for the next few years). Consider also the fact that the revenue share is distributed only to stakers (not vested token holders) so during the inflation only circ. supply will be eligible for revenue share.

According to the tokenomics it seems like 70% of tokens are reserved for community (airdrops, incentives, token sale, core contributors).

Details about tokenomics:
https://t.co/XeDfZkruiQ

They are still finishing their Docs so I made my own token inflation chart based on the data we have:

🚀Launch details
Launch should be approximately in a month (end of November or the beginning of December) and will take its place on DEX (Ethereum chain) using 4% of the supply (so probably with fat liquidity) 🤝

👨🏻‍💻Team behind
On the technical side the team consists mostly of https://t.co/QL0IQOShp5 & https://t.co/tZMSCs6UOe team members. Here is some of their previous work:
- https://t.co/C2OLbebdke
- https://t.co/HjPllfex3y

On growth, finance and partnership leadership, project coordinated by the Bridgeless team led by @cj_fund and his Cerebro Group team.

🧮A little bit of math to estimate potential
From what I know this project will launch around $30 mil. FDV at the end of November or the beginning of December. Let’s forget all the added value of CL (anonymization, privacy blockchain interaction,...) and consider only the situation 1 month after the launch when they launch Bitcoin <-> Ethereum bridge (where you can simply check the checkbox “anonymize” if you want to).

Confidential Layer estimated fee for the bridge will be around 0.2% (same as on Thorchain). If we take into account the daily volume of Bitcoin <-> Ethereum swaps on Thorchain we get $250 mil. = $91 bil. bridge volume yearly.

In the case CL gets 5% of Thorchain volume (which I definitely think it can) it’ll generate $9.1 mil. fees yearly with 40% revenue share on fees for stakeholders. Crazy. I’ll post a more detailed thread about CL benchmarks and potential separately later.

I know some of the devs behind and I can confirm they’re T1 developers with T1 contacts 🤝

🛍️Any way to get in?
If you’ve not been involved in community presales (there are no VC private sales or something) you still have a chance to participate in the public round (it’ll probably be announced in the upcoming days in their Discord group).

Except that you can participate on SocialFi airdrop campaign (and from what I know a good portion of supply is reserved for that):
https://t.co/EDN8H8J5i4

📚Resources:
Website: https://t.co/NSx86UXBex
Docs: https://t.co/e2EiGTOQ8d
Twitter: https://t.co/meszVN5iQd

Final words
It has been a while I’ve been bullish on something in a way I’m bullish on Confidential Layer. The team works hard and you still have a chance to catch some community rounds or airdrop campaigns.

I’m looking forward to the TGE and bridge launch and as always DYOR 🤝

----
Note underline: If you're curious - no, this is not a paid promotion just pure tech excitement 🙂

[Pterophyllum @Scalare__]

@ConfidentialLyr very great project sir

[Confidential Layer @ConfidentialLyr]

We're thrilled to share that we're integrating with Bitcoin Cash, enabling over 12 million BCH holders to operate in a fully private and secure way.

Bitcoin Cash is one of the largest crypto payment networks, and its integration marks a crucial step for broad privacy adoption.

[Pterophyllum @Scalare__]

The Boost social &amp; on-chain engagement protocol is poised to evolve brand-audience interaction for major brands and creators worldwide

I'm contributing to the @boostdotgg protocol to lead the way in consumer crypto

Let's $BOOST. Join Season 1 with me

https://t.co/d8f8JrQKiW

[Dione Protocol @DioneProtocol]

The $DIONE Epic Cycle, our points platform, is now live ⚡
Participate in our success, earn your OBOLs, claim limited edition NFTs as on-chain Proof of Execution, and watch the magic happen. 

🟣 Earn now: https://t.co/egiWF3xhXI 

This is just the beginning, Dionists - get pumped for what follows.

[Pterophyllum @Scalare__]

Ready to stack my OBOLs for @DioneProtocol $DIONE ⚡️

🟣 Join the quests here, Dionists: https://t.co/hvHn9UU9Dr

#DIONETestnet here we go 👀

bid:3fe23716a01d4b638781f7328666f001

[Superform @superformxyz]

The next Superfom Quest is now available!

Powered by @Galxe ✨

Your task: Deposit into 2+ vaults on Superform in one transaction using Multi-Vault Management. Like Magic 🪄

Complete the Quest here 👇
https://t.co/73NqfRTmMc

[Pterophyllum @Scalare__]

@Alphamind_labs @LineaBuild @MYX_Finance @eywaprotocol @TheNemesis_io @FoxyLinea lfg