made a new launch mechanism that prevents bundles, multi-walleting, vamping, and anyone controlling more than 3%, incentivizes holding not trading, and puts creator fees to work instead of extracting them
just unsure there’s enough benevolent market participants to adopt it
📦
🚨 ICYMI #4
> We’ve passed 155,000 SOL in total round volume
> We’ve spent over 10,000 SOL on $ZINC buybacks
> Total $ZINC melted has surpassed 66,000 $ZINC
> $ZINC just crossed 350,000 @arcium encrypted computations
Just 7 days in...
Today on MCG: @SebMontgomery | talking @zinc_cash | solana:zinc155BS4mSPk8GXQj4R5hkVDQXcW253pTYq5SGyfi
Zinc is a private proof-of-work mining protocol on Solana Powered by @MetaDAOProject and @Arcium
In today's conversation we broke down:
02:06 - Seb's background
04:18 - The new DeFi primitive
07:38 - Why solana:zinc155BS4mSPk8GXQj4R5hkVDQXcW253pTYq5SGyfi needed privacy
13:39 - 90% back to miners, 10% to fees, then 70/30 split
14:48 - Bonanza explained
16:11 - The Stockpile
17:11 - How mining actually works
28:43 - No team/VC allocation
29:00 - Buyback wallet at $206K Sol, $470K+ already deployed for buybacks
32:42 - Buyback mechanics
34:35 - The Wildcat mechanism
41:24 - Staking trade-off
straight from the collector crypt discord.
the demand is so enormous they literally cant source cards fast enough
imagine thinking $cards is anywhere near a top
so much higher.
Just staked my 2% of solana:zinc155BS4mSPk8GXQj4R5hkVDQXcW253pTYq5SGyfi
This is a long term trade for me, as i believe all numbers will just snowball as time goes by.
Market is full on nuking, but the rounds are still ~70 SOL
That makes the deposits around 2m$
Which makes revenue 200k$, which is 3rd on solana. Trading below 10m!!
All this while market is NUKING
Won the @zinc_cash first public stockpile. The biggest winnings of my life! My heart is racing, big thanks to the $ZINC team for such a cool feature to their platform.
ALL Zinc went immediately to their staking program (currently over 400% APY) and I purchased 100SOL worth of ZINC back. I'm just some dude, not a part of their team btw.
People need to grow chad balls in this space and my job's done for now.
“Michael, so you own 5% of all Bitcoin & decided you were going to sell some to test the liquidity?"
“That’s correct Dave.”
“And you did this immediately after using up your cash to buy back debt at an 8% discount?”
“I did, Dave.”
“So when you actually did what you said you were going to do, the liquidity test didn't go well?”
“Sadly true, Dave.”
"And you only sold 32 BTC, even though you knew that wouldn't be enough to cover the next year of dividend payments?"
"Yes, Dave."
"So in the process of selling BTC to try & save STRC, you ended up killing BTC, STRC, & MSTR?"
"Very astutely observed, Dave."
the unc ledger
this is a first pass and I think I’m still missing 5-10% of unc drop supply but the headline is about 50% of the unc drop is still held by recipients, and if you account for net buys by unc drop recipients it’s closer to 80%
unc mode
https://t.co/2eQgRoV2Pp
been cranking on this in my unc garage with my clanker @frankdeclawds gonna see what he spits out in the morning
imo either result is bullish
airdrop receivers sold? No more freeloaders
airdrop receivers hold? The type of big balled chads you want holding supply down 85% from ath
Of course the unc fudders will flip that script but we don’t care.
I simply enjoy vibe coding this shit
Unc mode
@Paxinit lol they tweeted it would be down for maintenance and it’s back up
you may have some legitimate criticisms but you throw in all this extra baseless fud that costs you all of your credibility (like saying there aren’t active buybacks)
🚨 ICYMI #3:
> We’ve spent over 5,900 SOL (~$470,000) on buybacks so far. Currently running at ~100 SOL per hour.
> Over 40,000 $ZINC (~$640,000) has been burned in total
> 115,000+ SOL (~$9,100,000) in total round volume!
> ZINC has surpassed 240,000 @Arcium encrypted computations
🦺