@durdenwannabe@humidifi@Lifinity_io Yeah, you are totally right, are they even making any profits ? Or the token will be a way to perenize running such a liquidity layer ?
I feel like $ORE is less decentralized and the mining system is not unalterable (maybe it is ? I don't know, I cant read solana programs).
But nonetheless, @HardhatChad has been working really hard to improve $ORE and I was not expecting that massive comeback !
@ore is definitely making a comeback. The new mining system is a ingenious design to incentivize people to stake their $ore and mine it.
But my only complaint is that what are the advantages to hold $ORE rather than $BTC ?
I am so hype for the @MeteoraAG checker today. I have been using the product for 2 years now and I still believe that it's the best place to provide liquidity on Solana.
Hey everyone,
The last few days have been nothing short of surreal. Umbra’s ICO on MetaDAO was oversubscribed by more than 10425% crossing $78 million in committed capital at the time of writing this. That number is insane, and it stands as one of the strongest signals of trust and demand we could have ever hoped for.
After careful thought, we have decided to cap the raise at $3 million at a $8.55 million FDV
All funds beyond the $3 million cap will be returned on a pro rata basis through MetaDAO. Every supporter remains part of @UmbraPrivacy journey. No one is left out, and everyone stays aligned.
Umbra has never been about chasing valuations or hype; it’s about building something users need with purpose, integrity, and people we trust. This decision wasn’t made out of restraint, but out of reason. Three million gives us everything we need to execute our roadmap, fund audits, and grow the team sustainably. With @MetaDAOProject funding structure, taking on more capital often makes it harder, not easier to progress.
Our team’s unlock structure follows the same philosophy. The team unlocks 20% of its allocation each time Umbra’s FDV doubles from the ICO valuation, with unlocks beginning after 18 months regardless of market conditions.
This means every token allocated to the team is time & performance-bound, tied directly to product delivery, user growth, and measurable progress. There are no instant unlocks or shortcuts. We only win if we execute.
This raise puts us in the perfect position to deliver on what we set out to do: create privacy infrastructure that is usable, compliant, and built for the future of on-chain activity.
The oversubscription is a message that the world still cares deeply about privacy done right. Built on Arcium, accelerated by MetaDao and part of the Solana ecosystem, Umbra will work with the community to make that vision a reality.
Thank you for believing, supporting, and being part of this journey. The best is yet to come.
-Kru
Founder, Umbra
I feel like the TGE will be a blood bath if the discretionary cap is too high.
I should have waited before investing in this ICO. I wasn't expecting this much contributors. But at least this is bullish for @UmbraPrivacy.
I see a lot of posts on @UmbraPrivacy fundraising and some people are convinced that there is a fixed token price and that the team will only raise 750 000$.
Read the docs and more particurally on the discretionary cap part :
https://t.co/m0BUwDbvyF
@412_oyster@MetaDAOProject@UmbraPrivacy If if this ICO follow the same path as the 2 previous one, there is no vesting for investors. You will be able to get your tokens the 10th of October
Following the current price of SOL (223$), we can expect a burning equivalent to ~ 67 000$ per day.
Or ~25M per year. Not so bad, right ?
Im pretty bullish on $2Z but ALWAYS do your own research.
What can we expect for the token $2Z @doublezero.
Based on the docs, we can estimate that ~300 SOL will be used per day to burn the token.
To get that number I have done these calculations 👇
⏹️Block rewards per day (with 4,62% inflation) = 60 000 SOL.
🖥️20% of the validators (estimated number of validators using DoubleZero) will pay a 5% fee on their block rewards = ~630 SOL per day.
🔥And on these 630 SOL, half of it will be used to burn $2Z