WEB3SG

Web3SG serves as a bridge for WEB2.0 and WEB3.0.
(shitposting mega arc)
@ZeFalseShepherd
@MindPalaceNFT

[WEB3SG @web3sg]

1) Gather round and lend me your ears, We want you to be part of our gameplan to move the Web3 space forward.

Web3SG will be the main organizer of COMEX 2022 at Suntec, which is the largest trade and electronics show in Singapore, and we will be bridging Web3.0 to Web2.0.

[WEB3SG @web3sg]

@Mevs_eth Brutally realistic

They know for long term survival, they have to keep nurturing apps like fanning a small flame until something catches on and can stand by itself.

Everything else is short term. Paying people to use an app doesn’t make it good enough to stand on its own.

[WEB3SG @web3sg]

@bread_ @badlydrawnbarry Sounds good. Glad to hear you guys worked out a gameplan.
Let’s fucking goo

[WEB3SG @web3sg]

From what I understand there are no more future terminal seasons, distributing 10% and hoarding 90% no longer makes sense as a thesis. They are just gonna do bespoke gtm for mega projects in future.

Tokens are just gonna drop further if no sentiment reversal, so remainder 90% of the 250mil tokens may be equivalent usd value of the 10% of tokens if not given out in time anyways. No point conserving.

But if they do a larger than expected drop, it kinda baits farmers and the rest of the market back into using the next few apps mega pushes, hoping for a second drop, (no matter how angry they seem on the timeline)

Thirdly they are burning bridges rn zeroing out points. Why would they do that if points are worthless? Seems counterintuitive to burn big KOLs zeroing out their points if it’s just 0.1/point. Literally making enemies for pocket change. I was originally okay with the team giving a lower value per point but since started making enemies cutting ineligible KOLs I flipped in my perspective.

So have some hopium. I think points are gonna be more valuable than everyone expects.

[ika @ika_xbt]

MegaETH points distribution, airdrop pronostic

Based on the top 500 wallets, roughly 10M points appear to have been distributed. At a $0.1 per point valuation, that implies a ~$1M airdrop to the top 500.

I'm ignoring the rest of the wallets, the long tail's impact looks negligible, and it'll likely be partially offset anyway by points/wallets the team removes from AFK/inactive accounts.

1/ Context on the numbers:

MegaETH currently sits at a ~$440M market cap.
The original plan was to distribute 2.5% of supply across multiple seasons. At a ~$400M FDV, that's roughly $10M in airdrop value.

Since the program was cut short well before its intended runtime, I think it's reasonable to expect them to cut the allocation down to ~10% of the initially planned distribution.

2/ My scenarios (per point):

Bear: $0.05 → ~$500k airdrop. That's ~20x less than what the full terminal points program would have paid out. Max fud on the timeline.
Base case: $0.1 → ~$1M airdrop. This is my central expectation.
Bull: $0.15/0,2 → ~$1.5M/2M airdrop. I'd consider the team as generous. Above is pure hopium.

[WEB3SG @web3sg]

HAHAHHA HE SHORTED THE MEGAETH BOTTOM

LAUGH AT HIM FELLAS

[Meganweb3.0 @meganmak86]

@Dontuseweb3 @megaeth already in a 3x short position at Hyperliquid.

[WEB3SG @web3sg]

@ika_xbt @Plasma Ayy ser let me check it out

[WEB3SG @web3sg]

if i had a web2 business that does around 1-2 mil revenue per year, most of my clients are abroad, what advantage do i have to put it on megaeth and hold my money in USDm than keeping it web2?

anyway to do it a painless easy way

can payment be easier than stripe?

[WEB3SG @web3sg]

@joakimhi I see. Trying to find a way to justify the risk. The friction of off ramping and on ramping just doesn’t seem possible to reduce yet.

[WEB3SG @web3sg]

@CreateWithTony Yup, I get exactly what you mean. I wonder how they plan to track who belongs to who.

Definitely curious

[WEB3SG @web3sg]

Looks like xeet wants to g check every crypto kol
Do you actually have motion?

Yes you have impressions but how much of that are bots or people who don’t even use the chain.

how much effect do you have on real users

If you have no motion you will be exposed quickly.

[Pons Asinorum @Pons_ETH]

I want to take a second and set proper expectations around the new @xeetdotai

InfoFi revealed many things about the crypto industry, TGE's, and the value of creators.

Needless to say, I think all of the parties involved left with a general distrust of each other.

Many projects paid good money, for minimal results, and then got fudded relentlessly if their token price did not go up.

Many creators got screwed by projects that delayed TGE's, changed the terms of the deal, or just ghosted everyone.

This was never sustainable.. and we said that from the very beginning.

How will the "new" Xeet be different?

1⃣ We are not rewarding people to post. We are rewarding creators and their squads for results that can be measured OUTSIDE of X.

2⃣ We are not scoring your posts. In fact, if you can get results without posting on X at all ... why should anyone care? Maybe you have a TG group, a Youtube channel, etc.... all the better.

3⃣ Only Xeet Certified creators and their card holders can participate.

4⃣ On chain results are not just multipliers... they are the only thing that is being measured.

Will a results first marketing platform work?

We are about to find out.

[WEB3SG @web3sg]

@loudchirper it also increases risk of getting exploited.
doesnt give me any yield
no easy way to access my funds to pay employees, shipping, buy products etc

[WEB3SG @web3sg]

just throwing thoughts out there. if there was a easy way for web2 businesses to get the benefits of being onchain, there is alot of potential USDm to be captured.

maybe its not needed

[WEB3SG @web3sg]

@badlydrawnbarry there has to be a use case or people are gonna bridge out

most people are not gonna be delusional and double down like us

[WEB3SG @web3sg]

@ika_xbt @pickpo2 likewise

im not gonna say no to it

[WEB3SG @web3sg]

@pickpo2 I legit can’t offer them anything other than to buy them time on CT sentiment

Team is pretty stacked and quality.

Trust

[WEB3SG @web3sg]

@0xAsta I can’t offer the team anything special (other than money which they don’t need) they are already perfectly specialized in their skill sets. I was impressed when I did DD.

What I can do is buy them some time on sentiment, which is exactly what I’m doing. The rest is up to them

[WEB3SG @web3sg]

@yichuan_drive @djDriverless @megaeth Would love to know too

[WEB3SG @web3sg]

Agreed. But they sold echo and fluffle and presale to CT.
You can target another audience. But rn CT carries the bags. Gotta buy time to allow the team to search for a rotation. Otherwise they are just building a castle with no stable foundation. With bags held and locked by people who hate them

Thats like expecting them to save the world when they can’t keep their own family in their own house happy. You can’t pretend CT doesn’t exist.

[WEB3SG @web3sg]

Then why would they zero people with 300 points? Save 3 dollars and create a new enemy? Seems insane to me

Secondly even if they don’t give out the remaining 225mil mega at 0.04, if sentiment doesn’t change and it goes to 0.004, then their remaining airdrop has the same usd value as airdropping 25 mil mega now. Basically burning their own airdrop campaign just to spite the kols. Plus less people would use their future apps if this drop sucked. But if it was huge, even the biggest haters would come back to use new apps with gritted teeth.

Hoarding makes no sense unless they know for a fact mega is going to pump

Plus they are giving it in usdm, so they are buying back the tokens essentially, signaling they feel this is a market bottom. If they only plan to airdrop 1 mil usd value, why not just do it in mega instead of usdm. Would have no selling impact anyways.

Anyways could go either ways. My view was originally the same as yours but flipped after they started making people ineligible. No reason to do that if points are not worth anything.

[WEB3SG @web3sg]

Exactly. If the points are valuable would kinda get everyone back farming future dapps.

My view kinda flipped after they started zeroing people. Literally retardio to do that if they are doing 0.05/point imo. Why make enemies over a thousand bucks.

either ways excited for the next phase. If they keep the firepower for the future rewards program it’s gucci too. But like I said if token dips further, hoarding the remaining 90% has no point as the drop in usdm value is catastrophic. Giving 25 mil mega at 0.04 and 225mil at 0.004 is the same

[WEB3SG @web3sg]

@CreateWithTony No doubt no doubt

Got to keep the cultist alive or the game ends

I’m quite sure the team is aware of it

[WEB3SG @web3sg]

I don’t think they will fumble the crunch time. If they do they will have to give a pretty good reason.

I mean I was originally okay with lower points, but they started zeroing out people. That would be ineligibility was done with malice to strip them of even peanuts. Which would be weird.

[WEB3SG @web3sg]

@cpongl Max is 1 dollar bro, if they drop the entire 10mil. 250mil mega. Which would leave nothing in the tank for future reward programs.

I think they will probably do around 0.5/point or near that

[WEB3SG @web3sg]

Exactly. If the points are valuable would kinda get everyone back farming future dapps.

My view kinda flipped after they started zeroing people. Literally retardio to do that if they are doing 0.05/point imo. Why make enemies over a thousand bucks.

either ways excited for the next phase. If they keep the firepower for the future rewards program it’s gucci too. But like I said if token dips further, hoarding the remaining 90% has no point as the drop in usdm value is catastrophic. Giving 25 mil mega at 0.04 and 225mil at 0.004 is the same