garynych🐲

1

[Guild @guildxyz]

Are you a Based Guilder? 🟦

[Guild @guildxyz]

A new era of Guild begins today 🏰

After half a year of building, we're bringing you a faster, smarter, and more powerful Guild than ever.

Join our community: https://t.co/DNK7JwfAUo

The new era starts now, and we’re building it with you.

[Optimism @Optimism]

More chains are joining OP governance.

[garynych🐲 @igorition]

I just earned 150 mats for completing a Quest at @MezoNetwork

[Walrus 🦭/acc @WalrusProtocol]

Welcome to Walrus Academy! 🎓

Think you know Walrus and its role in the Sui ecosystem? Now’s your chance to prove it and level up in the community!

Here’s how to seal your status as a Walrus expert 👇
https://t.co/xkPABCGESC

[CZ 🔶 BNB @cz_binance]

Unpopular opinion:

In crypto, too much money is spent chasing small, quick gains. Focus on ethical teams that build for the long term. Big money is built slowly with stamina.

[Clash of Coins @clashofcoins]

Huge thanks to everyone who stopped by our booth at ETHDenver—and a special shoutout to @a16zcrypto
for the meetup with Tier 1 entrepreneurs.

Both Ben @benleventhal & @benrbn are true visionaries in adoption.

A real example for us🔥

[AX1 @ax1vc]

All AX1 Town members will receive an exclusive WL for both sales.

Thanks to @clashofcoins for this agreement.

@townsapp will serve as a hub for the hybrid Angel Syndicate 2.0.

Place your wallet address in the Airdrop channel:
https://t.co/pKIQyDCGJo

[garynych🐲 @igorition]

gmeow @superpositionso

[AX1 @ax1vc]

🔥 @TrustWallet serves as a perfect example of effective on-chain management. As a seed-stage project that has reached a growth ceiling, it requires a strong and scalable operational team.

At this crucial moment, @EowynChen stepped in and took charge.

The project is now in a robust Round D stage, attracting interest from various Tier1 institutions.

The results speak for themselves: a user base of 200M and product profitability achieving ATH:
https://t.co/sW5wlDj8Pp

The competitive landscape is shifting rapidly. Yesterday, everyone was relying on @MetaMask , but today, Trust Wallet has surpassed it in all key indicators.

The only significant competitor is @phantom , which, aside from continuous donations through Solana traffic, doesn’t present anything fundamentally intriguing. However, Solana's traffic is not guaranteed to last, and its multichain capabilities are quite limited. While they may go public soon, potentially attracting interest from funds, Trust Wallet is likely to surpass them as well - and this will happen faster than Solana declines in volume.

The reason for this is that @BNBCHAIN is only beginning to accelerate, with the potential for heavy subsidies through Binance, which is encouraging on-chain solutions to share substantial cash flows for Trust Wallet.

Additionally, the direct and strong support from @cz_binance and @yzilabs

In the next 1-2 years, we can expect Trust Wallet's on-chain infrastructure to dominate, capturing a market share of 30-60%.

- Aiming for growth comparable to NuBank and Revolut,
- The equity portion of the project is projected to exceed $50BL,
- Expanding its presence in the U.S. market and ETFs.

TWT's prospects have been remarkable in terms of risk-reward until recently. Now, it is a true institutional diamond with potential for great horizons.

Your thoughts --> Reply.

[AX1 @ax1vc]

How can we address the dilemma of ensuring that Trust remains a multi-chain solution rather than becoming reliant on the BNB chain? It’s essential for Trust to gather cash flow from various competitors and secure a substantial market share within the entire Web3 infrastructure. What is the ideal balance, and how can we maintain it?

[Eowyn @EowynChen]

Join @CZ_Binance and me for #TrustTalks as we get to ~200M downloads. I know: You might wan to hear about the 🥦, or 😸 , or 🐴... memes can be fun; there's also a world of innovation to explore for the future of digital economy and #crypto.

What burning questions do you have about #web3? Share – I'll pick the best one for our chat!

[garynych🐲 @igorition]

@EowynChen 🫸TWT🫷

[Eowyn @EowynChen]

https://t.co/tagebpvXfA

[Layer3 @layer3xyz]

Introducing Guild Competitions on Layer3.

A new feature allowing Guilds to compete for exclusive rewards.

[Layer3 @layer3xyz]

ICYMI: Layer3 is LIVE on @BNBCHAIN.

[AX1 @ax1vc]

It is interesting to observe how @THORChain and @jpthor has chosen to hasten its decline through debt tokenization. This serves as a great example of why community building is beneficial at the Pre-Seed and Seed stages. However, it becomes problematic during Round A, B, C, and D, where a perfect management team and accountability to customers are essential.

@1inch - good example; a tier 1 swap provider, is known for its excellent reputation and B2B partnerships.
Although they no longer focus on the token, it remains a strong business.

On the other hand - @THORChain
Currently, the protocol is disabled in @TrustWallet , @Ledger , @wallet , and @BitgetWallet - essentially all the major platforms where fake nodes could only hope to thrive. Meanwhile, other providers are applying for these positions, where there is a proper management and legal structure in place.

The launch of a second token ($TCY) will likely trigger a wave of liquidations and a migration away from $RUNE to this new token. Investors may be hopeful of recouping some losses through this small-cap asset, which is expected to attract market interest by promising lifetime revenue sharing.

This is similar to the situation with $TRUMP vs $MELANIA tokens (apologize for the vulgar comparison involving memecoins).

Those involved in governance and collaborative building should recognize an important fact: late-stage collaboration can be harmful. It often leads to extensive experiments being conducted at advanced stages, which can result in significant financial losses - sometimes amounting to hundreds of millions of dollars.

The newly appointed "CEO of Thorchain", @AaluxxMyth , and the creator of Proposal6, likely believes it is important to encourage a speculative mindset among investors by introducing securities to the market, especially when regulations are at their highest. In this scenario, the price of Rune may decline sharply, leaving fake nodes with a difficult decision to make:

a) Freeze all types of LPs
b) Allow the project to collapse

Simultaneously, providers (or wallets) may not need to distance themselves from the protocol. Legal actions will soon uncover the specific beneficiaries behind these fraudulent "decentralized" nodes. Of course, this is possible only if the noise from the losses is significant enough = as it was in the Luna case.

Conclusion: conduct community building and governance experiments in finance only until the Seed stage.

[illiquid.esq @illiquidesq]

I would be very careful playing and evaluating the current @THORChain situation. This storm is likely not over. First, on its face, Prop6 only concerns the lending side of the crisis and, whether intentionally or not, ignores the ecosystem-wide VC issues worth millions created by JP and his team. Second, it is likely that the rushed Prop6 enactment may trigger regulatory scrutiny and result in its own set of legal actions.

1. Prop6 merely defers payout IOU style and:

a) relies on continuous swap fee revenue, almost all of which comes from @TrustWallet (TW) swaps integration;

b) ignores JP dealings and assumes that he and his team have in the past and will in the future play by the book on those IOU TCY schemes;

c) assumes that there wont be large scale legal actions taken by VCs or those affected by the lending crisis against JP, other main characters and affected projects.

2. Prop6 fails to consider and account for:

a) VCs appear to have now accounted for >20m in raised funds that went missing and/or have been improperly dissipated around the WEWE/VULTISIG/DECA line of projects and may very well try to sue the main characters in tier 1 jurisdictions. I won’t speak for the potential of criminal inquiries as that is not my lane to get into, but based on what I’ve seen floating around in re e.g. VC deals and surrounding paper work, I can say one thing: paralyzing, costly and long lasting civil lawsuits in this space have been filed over less money and based on less evidence against founders, teams and projects alike. A silly Cayman Ltd and a one-pager "saft" with a waiver of "all liability concerned with the Contribution as soon as [investors] make the contribution" won't save anyone's day here. You can't waive liability for e.g. fraud, dissipation of assets, KYC/AML and securities violations, sorry.

b) Being a US based and compliant company, TW may choose to no longer associate w TC and its leadership in light of the above. Whereas before there were no suitable substitutes for TC swap features, the times have changed and there are now comparable alternatives out there. Whether considerations of dealing w such invasive infra switch in re $ and time will still outweigh reputational/compliance considerations is a hopium bet. Recall, TW = CZ. The guy just got out of jail and had his entire empire combed through by the feds. There shouldn’t be any surprises if anything that may be deemed remotely toxic or legally threatening to his new image gets aggressively cut off like cancer even at higher short/mid term costs. Now, if this happens, that "guaranteed 300m daily swap vol" that is being boasted by TC leadership and the resulting revenue projections that Prop6 and all of TC rely on for payouts will become a moot point. A pumpkin.

3. There are potential regulatory issues associated with rushed and likely not legally vetted Prop6:

As great of a job that the @Maya_Protocol team did in the short time that they had to come up with the Prop6, the proposal is nonetheless a real threat because it is likely that, as proposed, the release of TCY would create securities issues. By way of example, there is room to argue that:

a) Lenders and savers are exchanging their defaulted debt for TCY tokens, which is likely to constitute an investment;

b) The value of TCY tokens is tied to TC's overall success and revenue generation, indicating a common enterprise;

c) TCY holders are entitled to a share of TC's revenue indefinitely, creating an expectation of profit;

d) The anticipated profits depend on TC's operational success, driven by its core developers and leadership. While decentralized on paper, recent events and ample evidence suggest that there is a very easily ascertainable group of people that makes the key decisions and whose fruits of labor are being relied on by the ecosystem.

Given that TCY tokens would thus likely create security interests, this is bound to have a direct impact on the eco and particularly on those of its core leadership and contributors who are subject to US/EU jurisdiction. This also takes us back to whether TC’s largest revenue source – a fully regulatory compliant US company, TW – would continue to support TC in the presence of such possible regulatory issues and less legally and reputationally troublesome alternatives.

JP’s convenient walk away decision changes very little in this context and appears to be an attempt to shift the responsibility and having to deal with the imminent fallout onto those left behind, which only lends further support to the above points of concern and the presumption of wrongdoing.

That said, Prop6 is the tip of the iceberg and is heavily dependent on external factors that remain unaddressed. The real ecosystem-threatening iceberg is still right there lurking beneath the surface. Stay vigilant, stay safu.

[AX1 @ax1vc]

January 30th, 12:00 PM UTC

Join us for the first AMA in the AX1 Town with @TheVaKa_ 🦄, Co-Founder of @RangoExchange

Just a few days ago, their team surpassed an impressive $50M in volume. This achievement coincides with their ability to scale in @TrustWallet, making it easy to purchase a wide range of tokens including Solana memecoins.

Rango is also integrated with @BinanceWallet and partnered with @JupiterExchange

If you have any questions, please submit them in the AMA channel of our Town:
https://t.co/mRkPxhKy7B

The top three questions will share a reward of $300 USDC!

[AX1 @ax1vc]

This one is good.