EL MAGO

Long-only. 📈
0 stables. 🚫💵

[EL MAGO @EL__MAG0]

Sorry but Hoodrat nfts are some of the ugliest nfts I’ve seen in a while

[Ben Grossman @ben_grossman]

tbh Ondo Perps has the best pnl cards I've ever seen

[EL MAGO @EL__MAG0]

@nadzi_mouad Is $PIT yours ?

[EL MAGO @EL__MAG0]

Meet $FOMA, a BSC project turning stories from CZ’s Freedom of Money into onchain art.

https://t.co/NMcwd668Gk

CZ follows the project

He has replied to and quoted them multiple times:
https://t.co/YsqyQOcqYj
https://t.co/yQHhRFWn18
https://t.co/xBVGlqISNX
https://t.co/St83dvjnyD

Today, the team sent 3% of $FOMA supply to CZ’s public wallet: https://t.co/NwewBmrq5i

[EL MAGO @EL__MAG0]

A sub-$150K token on BSC that donates to @cz_binance, is followed by him, has received four replies from him, and even comes with a fun little utility?
Count me in.

[EL MAGO @EL__MAG0]

A sub-$150K token on BSC that donates to @cz_binance, is followed by him, has received four replies from him, and even comes with a fun little utility?
Count me in.

[EL MAGO @EL__MAG0]

shit chain #arc

[EL MAGO @EL__MAG0]

This arc chain isn’t even live and we have witnessed one of the most toxic communities we have seen in a while.

The https://t.co/5hKVJf2uuV organised fud (these guys fudded supposedly to save you and your money, but caused more losses than benefit) was all based on wrong information being shared by “arc ogs” (again, the same guys selling you 1 usdc on Arc for $100)

I’m not defending envelope in any way. I saw a novel dapp, shared it, people liked it and traded on it. I shared all the risks it had as well (same as buying a meme token with team holding supply and deciding to dump on your head)

My conclusion: Try and build something these people don’t like and that competes with what they use or have built? They will threaten to freeze your accounts

Circle themselves had a long post about what you should and shouldn’t do on arc (and it’s not looking good for memes, see here https://t.co/XigUe5ClB7)

We will surely have a few runners on Arc but I’m almost sure things will get very ugly

[EL MAGO @EL__MAG0]

@EnvelopeOnArc

[EL MAGO @EL__MAG0]

Most people won't get it

[WAGMONSTR @WAGMONSTR_]

$ONDO few

[EL MAGO @EL__MAG0]

Name a more scammy team than the SHIB team

[Cryptamurai 🕯️ @cryptamurai]

Gotta thank @rialto_xyz for cutting 50-70% of majority of robinhood projects/memes today so they could have a 1.8m “runner” (farm) 🤩

They extracted +1.4m usd from bundled wallets btw, money that won’t go back into the Robinhood ecosystem.

I hope they shut @launchonvaro down

$pons $plts

[EL MAGO @EL__MAG0]

Bought the first token on this https://t.co/iJcEZv2NKV

https://t.co/avc6cqgnS9

[EL MAGO @EL__MAG0]

First $PEPE launchpad and as someone holding PEPE for over 2 years now I can't miss this

https://t.co/wMSO2amT0T

[EL MAGO @EL__MAG0]

First $PEPE launchpad and as someone holding PEPE for over 2 years now I can't miss this

https://t.co/wMSO2amT0T

[EL MAGO @EL__MAG0]

@lonestarxbt It’s called DeFi and it’s a free market. May the best win

[EL MAGO @EL__MAG0]

Breaking down the https://t.co/5hKVJf32kt / eUSD fees, since most of the FUD is regarding numbers people haven't understood.

Bridging in - 10% fee
You send USDC from Base, receive eUSD on Arc. The 10% applies to bridging in only. Bridging back out to Base is 0%. One-directional, paid once.

The $9 per buy and per sell
This isn't a trading fee. Arc uses USDC as its gas token, so every tx on the chain needs USDC to execute, and USDC on Arc currently runs $80–100 and is near-impossible to get. The platform acquires gas as part of each trade (separate tx). That's what the $9 covers.

Round-trip math
On $1,000 in: $100 to bridge, $18 for a buy and a sell, $0 to exit. You need ~12% in gains to break even.

On the "it's fake USDC" claim
eUSD is the bridged representation of USDC on Arc. I bridged in and bridged back out to Base with no issues.

Is it risk free? Absolutely not. The main risk is that the bridge is controlled by one person. My way to do it is to bridge out profits and keep what I want to use to gamble.

Good luck.

[EL MAGO @EL__MAG0]

@0xnati1 @arc Scam chain 🤣🤣

[EL MAGO @EL__MAG0]

All the https://t.co/NCKxiRdX6C fudders are the same guys selling you 1 USDC on @arc for $80 btw

[EL MAGO @EL__MAG0]

Totally agree here. The fact that “freezing account” is brought up every time someone does something different is a good reason to keep degens away.

Robinhood chain had volume mainly because cashcat mooned, which initiated a whole meme meta. It only takes one “freeze” for circle to kill their chain. Like it or not memes run volume on these chains

[EL MAGO @EL__MAG0]

@samconnerone @Panchu2605 Reporting it to who? The Nigerian circle community ?

[EL MAGO @EL__MAG0]

@0xKabukii You can see people bridging in and out here you dumbass. Last tx 2 minutes ago.

https://t.co/Q1cdHbRxdR

[EL MAGO @EL__MAG0]

This arc chain isn’t even live and we have witnessed one of the most toxic communities we have seen in a while.

The https://t.co/5hKVJf2uuV organised fud (these guys fudded supposedly to save you and your money, but caused more losses than benefit) was all based on wrong information being shared by “arc ogs” (again, the same guys selling you 1 usdc on Arc for $100)

I’m not defending envelope in any way. I saw a novel dapp, shared it, people liked it and traded on it. I shared all the risks it had as well (same as buying a meme token with team holding supply and deciding to dump on your head)

My conclusion: Try and build something these people don’t like and that competes with what they use or have built? They will threaten to freeze your accounts

Circle themselves had a long post about what you should and shouldn’t do on arc (and it’s not looking good for memes, see here https://t.co/XigUe5ClB7)

We will surely have a few runners on Arc but I’m almost sure things will get very ugly

[Kingmaker @kingmakerxbt]

Arc already suspended 10+ accounts related using "Arc" as brand name on Twitter.

This screenshot is from someone who continuously reported them.

Please keep in reminder that you need to follow https://t.co/T5c5gBqNb0 or Circle will disable your smart contract on mainnet and suspend your X account.

[EL MAGO @EL__MAG0]

@EnvelopeOnArc there is a bug where a wallet already has usdc to cover gas but the dapp doesn't catch that and asks you to buy gas. check your dms

[EL MAGO @EL__MAG0]

Imagine paying Bitmart to list your token only to realize they’re pulling the plug few minutes after 🤣