@adrianbrink It's just noise in the ears. Anoma simply didnโt want to provide deeper cex liquidity. At previous year - EthCC, Namada T-shirts were just lying on the floor (just like the token price now)
@adrianbrink 2) Those who are in the know will understand exactly what Iโm talking about.
A very good lesson not to get involved with the Anoma Foundation in the future at all
@adrianbrink 1) Namada definitely has issues in this regard.
The official Namada delegation is 1-2 million NAM tokens, which equals $500-1000 of income per calendar year.
If you subtract the costs of good hardware, validators actually have to pay extra just to validate the protocol (lol)
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@agrozold@AleoHQ This is a terrible reflection on @polychain and @a16zcrypto. Even though you all are getting rich on Sep 18, it doesnโt make it right.
@Ether_Gavin 6) Playing from the bottom is a very complex experiment. This experiment requires spending a lot of stablecoins from the treasury, Namada no wants to do that. So, you wrap everything in a nice package of 'free market launch' and all that
@Ether_Gavin 5) To play from the bottom, you need strong support from CEXs, popular DEXs, a ton of hype, and the project must be legitimized in the eyes of the community (gradually, not all at once). But with Namada, that won't work (this is about privacy)
@Ether_Gavin 3) Namada simply won't be able to enter the major league ($1B+ FDV), given the tokenomics as presented. The project will hover around a $200-300M FDV at best, this is as clear as day
@Ether_Gavin 2) People will pay attention to High FDV's projects because that's where all the hype is, where everyone is talking about it, high FDV and all that