Is $INDEX even a memecoin?
There's an attention vacuum on RH chain right now, and @TheIndexFi is farming it with an announcement of an announcement.
Spent the whole day digging through their site and contracts. Found nothing that directly points to what's coming. BUT.
I went into the distribution mechanics instead. Over 24h the treasury received 5.19 ETH and 100% of it is the 3% fee on trading $INDEX itself. External inflow: exactly zero. Which means holders' dividends are paid by other holders, out of their own trades. Volume is down 29x from the July 17 peak, and the yield came down with it. You can't run a value-distribution model like that for long.
Their second product, https://t.co/PHQu7nEdLZ, is in their own words "an improved lighter frontend." Lighter itself lists the same 24 RWA markets at 0% fees. Meanwhile their public /health endpoint consistently returns {"activeAccounts":3,"capacity":180,"connectedTabs":4}could be their own testers, but not necessarily: the product is already live and working
And here's the detail I find most interesting: their Terms of Use reserve the right to charge minting and redemption fees. They have no product that mints or redeems anything. A hint at a token wrapper?
So my read: the announcement is most likely about wiring the token together with their own venue — and possibly a wrapper on top. I don't see another way to break the loop.
But I'm not a product guy, could be wrong.
Linea airdrop confirmed! I just checked my allocation, seamless experience with details on eligibility and amounts. Don't miss out!
Check yours: https://t.co/VHJcrRZolO #LineaAirdrop#WenChecker
Just joined @Farcasterdog on #warpcast , and it's been an awesome experience so far! 🐾 Want to dive into the action with me? Use my referral link to join and start earning rewards. Let’s grow together! https://t.co/BxeQSBBKU5
Elixir has closed our Series B at an $800M valuation, with participation from Mysten Labs, Maelstrom, Manifold, Arthur Hayes, Amber Group, others
With this, the Elixir Apothecary is now live - users can claim welcome potions today ahead of mainnet ⚗️👇
https://t.co/louDJSk4aS
🚨Today the @zksync team announced an airdrop distribution and a story about what exactly this distribution will be for.
✅ Criteria:
📍You are an active user and hold liquidity in some projects (pools, lendigs)
📍Your wallet has been active on the ZkSync Era network for more than 3 months
☑️ There are also additional multipliers that increase the distribution:
🔵 Interaction with 10 smart contracts
🔵 5 or more transactions in Paymaster
🔵 Trade 10 or more tokens in ZkSync
🔵 Be a holder of Omnibus NFT
🔵 Donations to Gitcoin (zkSync Lite)
🔵 Transactions on the Ethereum main network
‼️ And all this seems normal, but I have one important question: why are users who fully meet this criterion ultimately not eligible to receive awards?
I'm just sure that the ZkSync team made a mistake during the distribution and many eligible users end up with an "not eligible" status.
🫂I speak for the majority of your community, your real users, and I ask you to at least give people the opportunity to appeal. You simply have to look at many wallets. They clearly deserve awards and it is not clear why their wallets are not eligible for an award when they meet absolutely all the requirements and criteria.
‼️I ask you to describe in more detail the criteria for receiving awards, so that everyone can understand why he is not worthy of receiving them. Because so far it all looks like those who have suffered are those who fully meet all the requirements.
⛔️I believe that you are not another @Starknet or @PolyhedraZK who treated their community like garbage and as a result are now receiving a response from their community. I will never use Starknet again and recommend everyone to do the same.
🤚Personally, I have always considered ZkSync one of those projects that can replicate the guys from @arbitrum , which everyone loves and always remembers with warmth. I would be very upset if Twitter was littered with hashtags #zksyncscam or #zkscam and I hope that doesn't happen. No one will judge you if you make strict criteria and someone doesn't pass them. But the community will not be able to forgive the fact that many of the people fit all the criteria that you described, but in the end they will not receive the drop. I tried to explain in as much detail as possible the problem that exists now.
We look forward to your response and hope for the best!✊
Aethir collaborates with @zero1_labs, first proof-of-stake-based Decentralized Artificial Intelligence for autonomous agents, tools, and apps 🤝
With Zero1Labs, @AethirCloud aims to drive innovation of technologies in DeAI and decentralized computing ecosystems 🌐
Details 👇🏻
A-Class 👌🏼 with Aethir - Edge computing for AR/VR Games
Metaverse gaming experiences that leverage augmented reality (AR) and virtual reality (VR) headsets are projected to grow rapidly. However, such gamified experiences require an extremely high data streaming bandwidth 📡
Gaming edge computing is an excellent example of how decentralized gaming technologies can support and power futuristic game forms.
🎮 Edge computing has a significant competitive advantage over traditional clouds when it comes to AR/VR game streaming. That’s because edge networks can process the necessary data through Graphic Processing Units (GPUs) closest to the end-user.
👉 For example, imagine a player in New York City, another in Tokyo, and a third in London all participating in the same AR/VR game session. With edge computing, each player's actions are processed in real-time by GPUs located closest to them, minimizing latency and ensuring a smooth gaming experience.
🤖 Artificial Intelligence (AI) is an essential component of Web 3.0 metaverse experiences that require significant real-time data processing. In AR/VR gaming, the ability to instantly respond to user decisions heavily depends on advanced AI algorithms. The processing power of edge computing is a game-changer for real-time gaming solutions that require immense GPU power.
Aethir 🤝 @MagicEden@AethirCloud recently announced a partnership with @MagicEden, the leading multi-chain NFT platform in the world, to empower Web 3.0 gaming.
Let's explore what this collaboration means for the future of gaming and NFTs 🧵👇🏻
Aethir Cloud Drop Update 📢
Hey Aethirians, We are thrilled to report that Aethir Cloud Drop is exceeding expectations, with over 200K participants.
🔹 Now, here's an important update 👇🏻
We are extending the Cloud Drop End Date until May 29th, facilitating several new communities. More details coming soon 😉
As a friendly reminder, the deadline to claim the Galxe badge and Layer 3 badge is still on May 12th. Make sure to take advantage of this opportunity to acquire both badges before they expire.
We've got this 🚀
Greetings everyone ✨
We have some exciting news to share. We will be airdropping to the community of our partner @WolvesDAO
WolvesDAO has been outstanding in building a community of leading thinkers, investors, and builders in the web3 gaming world 🤝
By airdropping to their community, we are demonstrating our appreciation for their resolute support in our vision of decentralized ownership and trustless ecosystems 🌐
Here's how you can get involved to claim the drop👇🏻
🔹 If you hold one of the WolvesDAO SBT, simply connect your wallet to the Aethir cloud drop portal, and you will be awarded the WolvesDAO community badge.
April 2024 was exceptional for Aethir and the community. It was marked by our successful historical checker node sale and a significant presence at the @token2049 Dubai event 🏝️
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We took a leap into the future, unveiling the @AethirEdge, a revolutionary edge computing device powered by the advanced Qualcomm® Snapdragon™ 865 chip, designed to redefine how we interact with technology.
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On 20th April, we launched the Testnet versions of the checker owner portal and the checker client GUI/CLI to enable checker node license NFT holders to familiarize themselves with the node operating mechanics.
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Our excitement continued as we introduced our Aethir Cloud Drop, aiming to decentralize ownership of our upcoming ATH token by distributing a portion of the token supply among the Aethir community and other dedicated Web 3.0 communities.
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We wrapped the month on a high note by launching our ecosystem, @AethirEco, fueled by Aethir's partners 🌐
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Visit our blog post to learn about the monthly recap of April month 👉 https://t.co/61zVERpAAs