hey fam, good morning.
prism L3 testnet for public will go live today (its already live but it will be fully available for builders after we announce every core detail and a guide around it)
a lot of people confused prism chain with every other general purpose chain and some people even asked me if we are competing with robinhood lol haha.
we are a child chain of robinhood only.
we are an app specific chain, not a general purpose chain, which means prism chain is built for prism rwa marketplace and all of its dapps and operations (RWAFi is a new word for it)
so with l3 now prism will have its own blocks, prioritised transactions, easy governance and compliance, chain level compliance and permissions etc.
a lot of you people were confused with so many tools and products, prism L3 will solve that for you.
we are the only everything RWA protocol out there and having our own chain will be the biggest advantage in the future when RWA wave kicks off and we dont need to compete with anyone anymore for space in the infrastructure because we now have our own lane.
we cant build futuristic infrastructure if we have to compete with everyone for block space and operations, this is the only way to really make it big.
today we will work on:
- preparing a detailed guide and docs for validators and builders on prism L3.
- work on polishing the protocol and dexs for the launch of V5
- work on finalising the trading competition after V5
- finetune and launch RWA futures and options
- RWA perps is already live for weeks and being tested, it should go live this week.
and many more, i just listed a few.
also this is still the beginning, RWA is still a $45B market when the predicted market valuation is around $16T lolol
what we have now is nothing, theres a lot more coming in the future for the world of tokenized assets.
even SEC is starting to support all of this now which means more institutions, more retail, more liquidity and inflows.
whatever, we keep shipping.
lets build for 16 hours straight today, together.
letsgoooooo
PageMarkets is now live on mainnet!
It took a little longer than expected, but with the final security clearance, we can now release PageMarkets to everyone
What does this mean for you?
Let's find out 🧵👇
@BitcoinTaxUK My friend doesn't use exchanges and is strictly onchain. When offramping via lets say Revolut. What amounts would trigger reporting to HMRC?
I once watched a good project go blind. The dev was honest, hardworking, and surrounded by people telling him everything was brilliant.
Here's what that taught us about building SyncNet 👇 https://t.co/leyDhrHJ9f
We didn’t build SyncNet to launch another token. We’re building it to change how crypto projects are created, connected and grown. This is the philosophy behind it. https://t.co/OSJNtf6wJs
The first SYN was committed quietly today.
No announcement machine.
No paid raid.
No ceremony.
Just a stealth launch through @sync_on_par, one suspicious cat, and the king of cat memes: $CASHCAT.
By the end of the first evening:
77 accomplices
283 trades
8.2658 ETH volume
909.6863 $CASHCAT distributed
605.1K $SYNC distributed
6 rounds of penance
All of it from organic engagement and a meme people actually wanted to play with.
$SYNCAT doesn’t try to replace $CASHCAT.
It lives through it.
And if $CASHCAT is the king of cat memes, apparently one cat has found a rather questionable way to keep feeding the kingdom.
The ledger is public.
The allegations remain.
Witness the SYN.
Why is a Level 2 and 3 plumbing course free in the UK for an asylum seeker and some migrants, but not for me, who is English 🏴 and born here?
I am a 27-year-old British bloke who already has Level 1 plumbing and just wants to finish Levels 2 and 3 so I can work the trade and leave my Production Operative role for a real career.
Cost to me: £4,000–£6,000.
The same courses are free if you have refugee status here, free for an asylum seeker who has been here 6 months waiting on a decision, or refused and appealing for 6 months.
Also free immediately for several other statuses and if you are on a low income it seems.
Why is this country backwards? 🇬🇧
new onchain carbon assets are now live and tradable on prism.
- klima dao ($KLIMA)
- coorest CO2 token ($CCO2)
- solid world (cookstoves) ($CRISP-C)
we are also working on RWA lending for particular RWAs where you lock the tokenized asset in the vault and burn some $PRISM to borrow USDG against it.
also programmable RWAs will go live later today or early tomorrow.
we are also working on polishing the protocol and trying to resolve all the bugs for our trading competition.
with prism v5 the protocol will be a lot better, faster, more efficient and smoother.
also as i mentioned previously, we are looking to become issuers for comic books ourselves so if you own cool comics and want to sell them to us, pls respond here in the comments.
tokenized comics can be much bigger than tokenized collectibles imo and courtyard is living proof of it.
theres a lot of work that needs to be done and a lot of things going on this week and next week, we request the community to continuously ask questions, advise us, suggest things, correct us if somethings wrong on a conceptual level and also if you find any bugs pls let us know.
the protocol can have issues here on CT but once prism moves mainstream and starts targeting serious RWA investors with size, every issue/bug is a blunder.
we are also working on auditing all the contracts with the same entity who audited index and pons.
tokenized assets onchain are heating up.
lets build
https://t.co/76RIIuT8bP
Sherwood starts with a 5–10% buy/sell tax.
Hold. Stake. Bond.
Build your Loyalty Score and reduce your sell tax all the way down to 1%.
The system is simple: reward long-term holders while making quick selling less attractive.
And the tokens collected through the tax system won’t just sit idle.
They’ll be used to strengthen the protocol in one way or another.
We already have 7,724 USDG in the treasury + 48.3 $ROBIN collected through the tax system.
Soon, we’ll announce the first token we plan to acquire with collected taxes, putting the treasury to work and generating yield for the protocol and its holders.
The flywheel is just getting started.
(🏹;🏹)
Dev: The last few days has been a marathon tying up a ton of loose ends and loose code as we prep for mainnet
It's one thing to release something to the world on fake money; it's another to do it with real cash - and without the scope for an easy upgrade
As I'm *just* about to hit the final command to deploy the contract to mainnet, I wanted to take this time to do two things:
1. Tell you about everything we've had to do over the last week to make this mainnet ready
2. Set expectations for what's to come in the next few weeks, months...years(?)
So let's start with #1
We've been quieter over the last few days as we've wrangled out some of the final issues before mainnet. Some of the things we've worked on:
1. Moved the Escrow keeper service to a separate server altogether. Removes one central point of failure
2. Built in an automated CSAM reporting tool that doesn't force us to store offending material and reports directly to regulatory authorities
3. Added an emergency takedown tool for admins to take down ads with malicious code or links
#2 and #3 were legal requirements as advised by my lawyer.
In fact, most of the hold up over the last few days was in back and forth over legal issues and how much exposure we wanted to have as a platform and where our liabilities ended
This brings us to the 2nd issue:
Expectations
Mainnet is a crucial milestone because it firmly, legally cements us as a real product
I'm excited for it. As, I hope, are you.
But mainnet also moves us firmly from crypto timelines to real-world timelines
A month is an eternity in crypto. In the real world, that's barely enough to get you a meeting, let alone close a deal
What we're trying to do here is entirely new and different. Serious traction will take serious time. Our model is superior in many, many ways, but it's not always clear to everyone at first glance
And even if it was, a new player asking you to stick some code on your website is never an easy ask
Will this hack my site? Will this hurt my SEO rankings? Will I get weird illegal ads? Will anyone even pay for this?
These are are serious questions any publisher or advertiser will have
And the only way to answer them is through the burden of real evidence and case studies
So what I'm saying is: it will take time
Time to win over big publishers. Time to win over big advertisers. Time to show everyone that this is a better model
We might get lucky and hit a big catch right at launch. Or we might flail and flounder nibbling on tiny bites for months before nailing the big one
Eitherways, I'm going to be here fighting out till the end - win or lose
hey fam,
v4 went live yesterday and we already have 4.5% of the supply worth $160K staked by 67 people.
we are currently working on a lot of new features which should go live this week.
we are also working on an installable web app for both mobile (android & ios) and desktop (windows and macOS).
also we still need to work on building a DAO to manage and operate everything related to assets on prism and soon it will act as the governing entity.
RWA ecosystem is about to take off and everyone’s slowly understanding and talking about tokenized assets.
just to remind you guys that we have more than 2500 assets live on prism which include both equity and non-equity tokenized assets.
it’s been almost 65 days since we started building and polishing prism to its finest.
but now it’s time to market the product mainstream (not just CT, not just crypto) and onboard retail users and new issuers.
also we have our first ever real world business launch coming soon on our small business tokenization Launchpad, so pls stay tuned!
also we are working on becoming comic issuers ourselves and i would need a lot of guidance, advice and feedback from the community.
let’s discuss this tomorrow morning and also a few more cool things.
clarity act’s underway and there’s a lot of instability in the market, so just chill and touch grass for a while and keep on supporting products that are building the future of decentralised finance and its core divisions.
let’s build for 16 hours straight tomorrow, together.
goodnight fam!
We've submitted our extension to the Chrome app store. Approval depends entirely on Chrome's internal review and is beyond our control
While we wait for Chrome store approval, you can still download the extension manually and test it out
Download the package and follow the instructions here:
https://t.co/19wvYeAZhs
An early release candidate for our Chrome extension that makes the job of picking slots far more intuitive will be submitted to Chrome store for approval tomorrow
You'll also be able to bypass the store and download the developer apk directly
Chrome store approvals can take a couple of days to several weeks so the earlier we do this the better