👩⚖️ Scroll. The Wrong Turn
Recently the @Scroll_ZKP team announced details of airdrop https://t.co/2UeURjK1HX. And I think it's not a fair giveaway without even seeing the details. I'll try to justify my opinion below and would be happy if @sandypeng and @yezhang1998 reply how they see the situation.
1) Ordinary users have been raising the TVL project https://t.co/8yKqCx2ebX for a year, mintering endless Scroll Canvas badges, spending money on commissions online. I repeat for a whole year. And the project allocates 7% of the issue for them. At the same time there is an announcement of Launchpool on Binance, where 5.5% is allocated in just 2 days. What is this? Are the project's own users less of a priority than Binance users? It would be fair to reduce the share for Binance and increase the share on airdrop 1. A year and two days is a big difference. 7% and 5.5% agree not that significant.... It's understandable that it will be forgotten over time, as with many drops. But in the perspective of 6-12 months it will be in the memory of retail and will have a negative impact on the token.
2) The idea of announcing an open snapshot date of 19 Oct 2024 looks really bad. Who is it for. So that big capital can bring in a large amount of funds in the remaining 11 days and farm all the brands, completely shifting the entire brand distribution? That's exactly what it looks like! Usually a project rewards early users over late users. And in this case, it rewards the large wallet who will start liquidity, get a large drop, and withdraw liquidity in less than 2 weeks. This is the end of all benefits for the project from such a user.
We know what such whales usually do with drops. Let me remind you, according to @ArkhamIntel analytics, Justin Sun received $8.75M from Eigenlayer https://t.co/gwJBkP5ufr. And sold over 2M tokens in the first 24 hours after receiving the airdrop.
If other sources are to be believed, his airdrop was even larger (5.75M $EIGEN tokens according to exchange data https://t.co/xSSeKqExlJ) and the sale brought in $21.66M and raised questions about its potential impact on $EIGEN market trajectory.
3) Special attention should be paid to the one-sided change of vesting for early investors, who, as far as I know, learnt about it also from the public announcement (or is it not so?) and ran to the OTC to dump their allocations, because they were initially given other terms. It's no secret that there were OTC deals on the market not so long ago, where early seed investors transferred their tokens to new owners, and as far as I know it happened under the supervision of the #Scroll team. The vesting spocks in those deals were better than they turned out to be in the end. As a result, those investors who re-bought the rights are disappointed. So are those investors who didn't get out in time and learned of the vesting changes from the public announcement.
As a result, the other day I saw an offer to sell $3M worth of $SCR tokens on the OTC market in one transaction, not counting others. This is a prime example of what I'm talking about above. Investors are not happy! There will be problems with retail, investors are already in trouble. And how will the project move forward, alone? That looks controversial and troubling, too.
🚨We are excited to share that since launching on Wednesday we have crossed more than 100,000 verified users on the DAWN Validator Extension! 🚨
If you haven’t already, you can download it here 👉🏻https://t.co/uahl8IlncY
Airdrop failure from @zkSync or where is the decentralization?
Blockchain is a transparent territory. Traces remain, even if someone leaves an airstream for maneuvering.
The @zksync team has made a sensation in the crypto community with the most opaque distribution possible. Some points are simply absurd.
@gluk64@frogmonkee@Ozhar@Yogi13031997@stonecoldpat0@TrustlessState@Caneleo55@heycape_@0x_Lens@gluk64
@TheZKNatiou
#zksyncscam
1) 13,000 wallets with 0 tx in the zkSync network received an allocation. And what use are these users to the project if they haven't even come in contact with it? https://t.co/T7Tigfx0FX
Today is the $MONday!
$MON is going LIVE at 10AM UTC today!
Top-tier exchanges like ByBit, KuCoin, HTX, Gate, etc, are all listing $MON at TGE! For more details, see the official announcement on @monprotocol.
This is day 1 for $MON.
But it's always Day 1 at MON Protocol. 🐉
Launching in less than 24 hours, @monprotocol is building the "Nintendo of Web3."
Powered by $MON, the platform offers a thrilling line-up of in-house and partner titles, starting with @Pixelmon.
"Our mission is to deliver smiles through games and IPs." - @GiulioXdotEth, CEO
As the leading Gaming & IP Publisher in Web3, @monprotocol has announced over 60 partners, with 50 more in the pipeline.
$MON Staking Platform will GO LIVE IMMEDIATELY at TGE on 27 May. $MON Stakers will be receiving $MEME and other partner tokens.
Gotta Stake 'Em All! 💯🎉
Do you know the founders of $MON (@monprotocol) have experience building unicorns? 🤯
🦄 @GiulioXdotEth IPO-ed his first tech company ZALORA at $2 billion
💰 @Chris_Sirise founded Saison Capital, the leading fintech seed VC in Asia
Success begets success.
Study that! 🫵
On top of games, @monprotocol is developing a 12-episode anime of @Pixelmon. Find out what it has in common with Jujutsu Kaisen in $MON's upcoming X Spaces 👀
Its teaser got 3M+ views in two weeks and a shoutout from the YouTube CEO 🔥
Watch here 📺
https://t.co/dFjvtq9PoU
Many GameFi projects don't even have a game, but not @monprotocol—they have already launched @PixelPalsAI!
Some stats:
• 500,000+ active players!
• 100,000+ daily active players!!
• 6,000,000+ hours played!!!
And they are launching more games this year! Bullish on $MON! 🐉
Today I learned that @monprotocol is launching these games 🤯
🐲 Monster Tycoon (hypercasual, mobile, 2024)
🐵 PixelPals PvP Season (browser-based, 2024)
⚔️ Warrior of Nova Thera (mid-core, PC, 2024)
🏹 Hunting Ground (mid-core, mobile, 2025)
I NEED MORE $MON AND MORE TIME! 🐉
GM! Do you know 5,000+ Runes have been launched in 2 days?
And @Rune_coin (RSIC•GENESIS•RUNE) is:
• 🥇 in market cap
• 🥇 large-scale airdrop
• 🥇 in no. of followers
• 🥈 in no. of holders (🥇 soon 🤝 @Stakeland)
• 🎱 Runes #8! 發! 🥠
ALL FAX, NO PRINTER! 🫡
🟧 Things I’m looking at today 🟧
1. Bitcoin's 4th Halving happened at block 840,000
2. Runes Protocol is live
3. @Rune_coin secured the luckiest number 🎱
4. Two days until the @Stakeland quests end
5. (WRITE DOWN ONE THING YOU ARE LOOKING AT TODAY)
#Runes is like teenage sex:
Everyone talks about it,
Nobody really knows how to do it,
Everyone thinks everyone else is doing it,
So everyone claims they are doing it.
But if you watch this talk by @rodarmor, you will be a pro.
➡️ https://t.co/kgZFsP8wFc
@Rune_coin@Stakeland
Do you know that @Rune_coin is the first ever Ordinal Pre-Rune that started this Pre-Rune meta?
I’m getting FREE airdrop via @Stakeland by supporting their upcoming launch, and so can you!
SEND #RUNES!
#RSIC#MEMELAND#STAKELAND
I fell down the crypto rabbit hole in the year ___.
I bought ___ at $___.
I was not the very first.
But now I am the first to get @rune_coin, a pioneering fungible token project on Bitcoin! LFG!
#RUNES#RSIC#MEMELAND#STAKELAND
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