Zero 0Y

👹Full-time crypto devotee | Founder of @in0ywetrust | Maybe AI himself 👹

[Zero 0Y @Zero0y]

It’s wild that if you had invested $1,000 in each of these 20 assets in November, your $20,000 would now be worth $1,835. That’s a 91% loss. Brutal.

[Murad 💹🧲 @MustStopMurad]

Holders with $1K+ can be a useful metric to determine conviction of a Memecoin community

Bigger number = MORE MOTIVATED SOLDIERS with skin in the game

Comparing some of the popular Memes:

[HellYapper 0Y | perp arc @HellYapper]

@MANTRA_Chain $OM token have permanent price gap between DEXes + Bitget and other CEXes.

I found a root of this problem

It's MANTRA's native chain

🧵

[0Y @in0ywetrust]

0yCast #1 – Tally protocol

An engaging interview with Frisson (@0xfrisson) and CHG (@coolhorsegirl2) from Tally, delving into the world of decentralized governance in crypto.

During the podcast, we discussed what @tallyxyz is and the role of governance in crypto, governance-related incidents, Tally's business model, and much more.

You'll also find project development tips, unique insights into on-chain DAOs, and some alpha hidden between the lines.

Enjoy watching!

https://t.co/J167nRai5O

[0Y @in0ywetrust]

What's wrong with the Aleo launch?

On September 18, 2024, @AleoHQ ’s long-awaited mainnet finally went live. For many, this milestone was expected to be the culmination of years of hard work and anticipation.
But instead of celebration, the community was met with confusion, frustration, and a series of surprises that raised more questions than answers.

➤ Promises Made, Promises Broken
・Back in 2021, when Aleo launched its second testnet, the team assured participants "Block rewards earned on testnet2 will be redeemable for Aleo credits at mainnet launch, and we invite all of our community members to participate." – https://t.co/bSmm5EXumn

・Back in March 2024, CEO Alex Pruden (@apruden08) confirmed the tokenomics at a public meeting where there would be no token lockup for testnet participants.

This information was confirmed by moderators in the discord later in July – https://t.co/XPjW53ZZvC

Fast forward a few months, and the reality looks quite different.

➤ Unexpected Changes to the Game Plan
During a community call on September 18, Alex Pruden announced that all token holders, including testnet participants, would face a one-year lockup period.

While the team and insiders will face a two-year vesting schedule following the lock, testnet participants will receive no such vesting after the lock expires.

Why the sudden change?
・According to the team, the lockup is necessary to mitigate regulatory risks and to preserve the long-term value of the network.
・But if these risks were known all along, why was this decision communicated only after the mainnet launch?

➤ Token Allocation and the Reality of Distribution
The team claims that testnet participants and insiders (team, etc.) are under the same conditions regarding token lockups. But is that really the case?

Aleo’s tokenomics states that the initial supply is 1.5 billion tokens. Can locked tokens be staked? Yes, they can.

Immediately following the mainnet launch, 1 billion Aleo tokens were staked by validators, leading to a daily inflation rate of 1 to 1.2 million Aleo through validator and miner rewards (Stake Rewards and Puzzle Rewards). That’s over 1m tokens generated daily, or over 365m Aleo in a year.
https://t.co/d4INx17nuK
https://t.co/KdWuQ6uFxQ

But who are these stakers? Let’s take a closer look at Aleo’s tokenomics:

・34% of Aleo tokens are allocated to early backers.
・25% are reserved for grants, ecosystem contributors, and educational programs.
・17% are set aside for employees and project contributors.
・16% are distributed between the Aleo Foundation and Provable.
・8% go to strategic partners.

Now let’s identify the rewards allocated to testnet participants.

During Testnet 2, 15 million Aleo credits were allocated – https://t.co/bSmm5EXumn
For Testnet 3, 25 million Aleo credits were allocated to developers, provers, and testnet validators –https://t.co/rdMOM5l4k8
Thus, the total reward pool for the testnets is 40 million Aleo credits out of 1.5 billion.

In reality, the majority of the rewards over the next year will be earned by investors, employees, and the Aleo Foundation, groups closely connected to the team. These categories are set to potentially earn nine times more than the combined rewards for all the testnets.

Staking rewards have no lockup period.

Testnet participants are now facing a one-year lock on their rewards, which will remain inaccessible until September 4, 2025. Despite earlier assurances, participants find themselves subject to a lockup while the team and insiders continue to accumulate staking rewards.

With daily inflation and heavy insider staking, the team will have amassed millions of Aleo tokens long before testnet rewards are unlocked.

➤ KYC and Reward Checker: Delays and Complications
To make matters worse, testnet participants still cannot access their rewards.
・KYC is mandatory for claiming rewards, but the process remains unavailable.

・Additionally, the reward checker is not live, leaving participants in limbo, unable to stake their tokens without completing KYC.

➤ Unanswered Questions
・Why were these crucial changes to the lockup and staking policies only disclosed after the mainnet launch?
・Why are KYC and the reward checker still unavailable, further complicating access to testnet rewards?
・How does the team justify a token distribution model that leaves the majority of circulating supply in the hands of insiders?

Now the post from Aleo's CEO looks rather ironic.
https://t.co/HkkhrmI9bW

➤ What’s the bottom line?
There are still unanswered questions surrounding Aleo’s current situation, and the community is eagerly awaiting clarity.
We hope the Aleo team will address these concerns and provide transparency to dispel any misunderstandings.
We look forward to seeing how they navigate this moving forward.

[Zero 0Y @Zero0y]

@LetsCodeWeb3 @pumpdotfun @solana yeah, fight poverty for founders and rug-pullers, i suppose 😍

[Zero 0Y @Zero0y]

I put this list together, partly out of curiosity, partly to keep the content rolling.

- Risk: extremely high
- Profitability: highly questionable, most likely scam

This is for educational purposes, not an endorsement of toxic trends.

[EigenDA @eigen_da]

https://t.co/xxoYkvC9rr

[Zero 0Y @Zero0y]

Ye, that's my organization, thanks for asking <3

[0Y @in0ywetrust]

3165 ETH Delegated to 0y's @eigencloud Node

In less than 24h, more than 3164 $ETH (>$11m) were delegated to 0y node! 🎉

Perhaps it's time for us to think about the [redacted] or [redacted] collection? 🤔

Get ready for some good news for our delegates - more details TBA!

[0Y @in0ywetrust]

EigenLayer x 0Y

Starting today, you can delegate your staked in @eigencloud $ETH and other Liquid Staking Tokens to 0Y node operator.

💸 We're celebrating with a giveaway from @in0ywetrust

Dive into the thread to find out how you can participate and win up to $1,000 ⬇️

[0Y @in0ywetrust]

🚀 EigenLayer Updates 🚀

・@eigencloud and @eigen_da have launched the Holesky testnet, marking a significant milestone for the EigenLayer ecosystem.

・Meanwhile, @in0ywetrust is making strides toward becoming an official mainnet operator for EigenLayer.

・We've joined the #Holesky testnet and have submitted an operator resume on the Eigen forum on behalf of 0y.

How You Can Engage ⬇️⬇️⬇️

[Zero 0Y @Zero0y]

@zachxbt @cryptopunkclan @_munchables_ I've made a song to cheer us up, guys!

Idea by me, text by @ChatGPTapp.
Music and Vocal - @suno_ai_

https://t.co/X4ZQIIYQU1

I hope we all can learn a lesson through this song!

[0Y @in0ywetrust]

EigenLayer Mainnet Launch is Near

We're stepping up! After launching a node as 0Y and becoming an ecosystem partner of @eigencloud, we're now eyeing our own mainnet node. 🌐 But we need your support! How much $ETH can you potentially commit in our node?

Why Join Us?

➤ Be part of our journey to increase visibility and strengthen our community.
➤ We will offer the most interesting conditions for stakers and will not forget each of you.

🔍 Interested? Fill our quick form and let us know your potential $ETH stake. Let's make @in0ywetrust your mainnet validator of choice.

https://t.co/rN65Uuu7cA
https://t.co/rN65Uuu7cA
https://t.co/rN65Uuu7cA

📅 Deadline: March 21, 20:59 UTC

Thank you for you support 💮

[Zero 0Y @Zero0y]

@OpenAI Agi achieved lol

[Zero 0Y @Zero0y]

#chatgpt started acting weird.
He doesn't listen and give me this kind of responses. It's gpt4, yes.

AGI achieved?
@ChatGPTapp @sama

[Zero 0Y @Zero0y]

It's getting weirder. Feels like some type of @OpenAI instructions are leaking or something. It's definitely not mine custom instructions.

[0Y @in0ywetrust]

On-chain 0Y

Understanding market analysis = Earning $ where others don't.

➤ In this thread we will tell you:

・Get Token's Security and Risk Data
・https://t.co/hsbAeJhnBT Chrome Extension
・Must-Read Analytical Materials

Dive deeper into each of these topics 🧵👇

[0Y @in0ywetrust]

Know Every Holder

In the fast-paced world of blockchain tech, tracking your project's token holders is vital.

Thanks to @ChainbaseHQ, you can easily fetch a list of all addresses holding your ERC20 token.

This thread guides you through the process of using Chainbase API.

🧵👇

[0Y @in0ywetrust]

MEV Checker

This is our short overview of 'mev-inspect-py', a powerful tool developed to investigate the Ethereum blockchain with the goal of identifying and analyzing MEV.

➤ https://t.co/6nEvHPfoUu
(by @taarushv)

[0Y @in0ywetrust]

MEV – Most Useful Links

➤ MEV is the term for the potential profit that miners can earn by selectively choosing, omitting, or arranging transactions within the blocks they generate.

Ok, could you also provide helpful links and explain how to use them?

Let's dive into MEV 👇🧵

[0Y @in0ywetrust]

On-chain 0Y

Understanding market analysis = Earning $ where others don't.

➤ In this thread we will tell you:

・Smart Contract Storage Queries
・AI tools for on-chain analysis
・Math for Arbitration
・Lists of Influencers

Dive deeper into each of these topics 🧵👇