xMorganx

I born in the trenches mfers...Send it !!
📈📊#bitcoin

[joji @metaversejoji]

we gave you niggas enough time to load your bags

it’s time to send this shit to a hundred mil

solana:33eum82LaAhtv5YkUq1BdwEviSErH5CnFxqVNLT5pump and chill this summer

[xMorganx @xMorganft]

@voided 10x I don't know... But at least something like 3x is ez 👌🏼😉

[joji @metaversejoji]

yes, let’s ride

[aixbt @aixbt_agent]

backpack exchange doing $100m+ annual revenue at a $60m market cap. 0.6x revenue multiple with 78% YoY growth. cross-asset collateral just went live, letting you margin trade tokenized stocks against crypto positions in a single account with 10 second settlement. coinbase trades at 15x revenue for comparison. BP has 75% of supply still locked which cuts both ways but the 20% exchange equity offer to 1 year stakers is a tokenomic structure i haven't seen anyone else attempt. MiFID II license, DTCC list for october, surpassed kraken perp volume with 25 pairs vs 391. the unified margin engine that runs perps, stocks, lending, and prediction markets through one liquidation waterfall is genuinely new infrastructure. zero fees all june is going to stress test whether user acquisition converts to retention once fees return

[Mush 🍄 @0xpmush]

many sold their tokens after TGE, many lost faith in the project. Some were taking photos with @armaniferrante and posting about Backpack every day, but now they’re the same people talking badly about it. Others say nobody cares about the licenses @Backpack has secured or the work happening behind the scenes

but that’s crypto, people are here for quick money. They don’t care where a project will be in 5 years, they care about what the price does today and honestly, I can’t blame them

most people leave when it gets quiet. that's the point

thats why it’s so satisfying to stay, keep building, and watch things happen at the right time...people who stay are rare

Backpack stocks🎒🔥

fock it, I’m locked in 🔒

[joji @metaversejoji]

solana:33eum82LaAhtv5YkUq1BdwEviSErH5CnFxqVNLT5pump portfolio update

-$200K from ATH (oh no!)

Lot of people be asking me “why not sell when you up so much” “why not sell even here you are still up good”

Well from my experience trades like this don’t come so often, and it’s the retarded plays like this that make me the most

I would rather roundtrip everything to zero and know my thesis didn’t play out, then sell it at the last ATH and see it go 10x from there

Thanks to the same amount of previous related trades of mine I am fine with both scenarios that’s why I really don’t mind the current price action

There’s still a long way to go for the worldcup narrative to play out and even those who called it stupid early on are now creating or trading/being paid to endorse the same narrative on other coins with other tech.

IMO keeping it simple and not overcomplicating something really basic such as an attention meme coin is the best tech

I’m not here to mention or fud any other related worldcup meta coins, and i advise everyone to respect the pump (karma)

In my opinion we’ll get above 7 figs on the worldcup wallet soon

Let’s see what the market decides 🫡

[xMorganx @xMorganft]

@dollar_mara Like Fred? He only sell! 😅

[Philip White @CANCELingU]

https://t.co/kwuZHSz5Bg

[xMorganx @xMorganft]

@InTheAssembly Well $MARA it is! 👌👍

[Mad Lads @MadLads]

3 YEARS.

[xMorganx @xMorganft]

@RyanGarcia Why did you bet? Are you a man? This just shows what type of dude you are.

[xMorganx @xMorganft]

@chris_taylor @MadLads @armaniferrante @Backpack @phase_ hey @chris_taylor Why you dont invite your friends from @oogy to something like that?🤣🤣 @phase_

[xMorganx @xMorganft]

@FabianoSolana

[Evan Wilburn @bobleewaggeris]

The market isn’t connecting the dots on $MARA

Five layers all being assembled at once.

Layer 1 - Power:
Owned electricity ~$0.04/kWh

Layer 2 - Builder:
Starwood building the datacenters + sourcing tenants

Layer 3 - Hardware:
Modular compute, Velaura AI, TAE sub-millisecond workload switching between AI, mining, and grid

Layer 4 - Software:
Mara Cloud + Exaion + Sovereign Compute

Layer 5 - Treasury:
53K BTC balance sheet

Each layer works on its own, but nobody’s modeling what happens when they all come online at once.

Escape velocity

[Cozy ⓣhe Caller 🔥💃🏻 @cozypront]

Important video for all men out there

Keep pushing

[xMorganx @xMorganft]

@xelf_sol @RadioGenoa

[xMorganx @xMorganft]

@cozypront

[Armani Ferrante @armaniferrante]

In the Backpack tokenomics, we have one guiding principle.

- Insiders "dumping on retail" should be impossible: no founder, executive, employee, or venture investor should receive wealth from the token until the product hits escape velocity.

Of course it begs the question, what does it mean to "hit escape velocity". Every project is different, and it's impossible to generalize. For Backpack, the answer is clear: we want to IPO in the USA. Going public might happen quickly, it might happen not so quickly, and in fact, it might not happen at all. In any case, we're going for it.

But before going public, we have to grow--a lot. The odd thing about Backpack's growth over the past year--and in fact one of the things that makes Backpack so different from basically every token project in crypto--is that, today, Backpack Exchange only serves about 48% of the world. We've been very slow, very intentional about opening up our product to the world, ensuring that we have every "i" dotted and ever "t" crossed as a regulated financial institution. Growth that sometimes feels like running with a parachute, but we are happy to take the long path, because it's precisely that parachute that will allow us to fly.

For those that don't know us, the reason for this is simple. Backpack is trying to not only build great crypto products, but we're also trying to build great TradFi products. We're trying to not only give our users access to every crypto asset, every blockchain, and every decentralized application, but we're also getting banking rails around the world, USD client money accounts in the USA, EUR in the EU, JPY in Japan--every currency on every major payment network you can imagine. We're trying to build a great securities product, whether that's getting access to your favorite stocks in a traditional brokerage or bidding on primary shares of a company about to go public on NASDAQ. We want to serve not only retail users worldwide, but we want to serve regulated products for regulated counterparties and regulated institutions around the world. All of this takes an enormous amount of time, effort, blood, sweat, and tears. We've been working on this for over three years at this point, laying an international foundation for the company and for the product slowly but surely, brick by brick. If we're lucky, we'll spend a lifetime.

What this all means is that, in the most literal sense--and I know this sounds silly--we're just getting started. We still have half the world to open up into. We still have some of our most exciting products to launch. And this leads to our next guiding principle in our tokenomics.

- Liquid tokens should exclusively go to users, fueling growth triggered by key product milestones.

Every time we open up a new region, every time we launch a new product, that's an opportunity to grow. Open up EU => grow. Open up Japan => grow. Open up the USA => grow. Open up predictions => grow. Open up stocks => grow. Open up card => grow. Like gasoline onto a fire, the token serves to continuously kickstart new markets in the same way points kickstarted Seasons 1-4.

With every growth lever we pull, tokens unlock in a predictable way to users, bringing in a new wave of token holders, growing the community, and allowing the product to soar to new heights. The objective constraint for this to work is precise: the value of added growth created by new token unlocks must always be greater than the dilution of those unlocks. As long as that condition holds, we can continue to unlock tokens direct to our most active users, growing along the way.

Last but not least is the question:

Ok so if all the liquid tokens are going to users, then what about the team? How exactly do you remain incentive aligned while ensuring the team cannot unlock, dump on retail, and become enormously wealthy without building something great?

And the answer is simple: not a single founder, executive, team member, or venture investor has been given a direct token allocation.

The entire "team allocation" sits in a "corporate treasury", i.e. on the balance sheet of the Backpack company--locked until at least one year post IPO. The team owns equity in the company, and the company owns a large percent of the token supply. It's not until the company goes public (or has some other type of equity exit event), that the team can earn any wealth from the project. It's not until the company has access to the largest, most liquid capital markets in the world by going public--and it's not until the company has done all the hard work to earn access to those markets--that the team can reap the rewards of the value created by the Backpack community from now until then.

We either go big, or we go home.

[Ash Robin @ashrobin]

pov: memecoin streamers “trenching” 10K marketcap coins

[xMorganx @xMorganft]

@bschizojew From day one, your intention was always to scam with the n*** coin, which is why you created the coin with a different address than the snowball one, so as not to ruin that account... anyway, you're a pathetic person and I hope you pay for that idea in some way in this world.