7 days ago
Gambled some on this Banana
Banana x jet-a
Jeta deployer sent funds on this wallet address. Main runner went 5M and sitting at 2M rn
This is was also created by Sam Lessin he confirmed on his tweet.
Solscan transfer: https://solscan.io/tx/4wEj...
CA: qs3XMkYGbLcLpm51UiRPXv5Qsy1rJcV1aRchdbYpump
Banana x jet-a
Jeta deployer sent funds on this wallet address. Main runner went 5M and sitting at 2M rn
This is was also created by Sam Lessin he confirmed on his tweet.
Solscan transfer: https://solscan.io/tx/4wEj...
CA: qs3XMkYGbLcLpm51UiRPXv5Qsy1rJcV1aRchdbYpump
3 months ago
$POPDOG is listed on Solbank (https://x.com/solbankfinan...)
🧑🌾 Visit https://solbank.finance
🐶 Stake $POPDOG & earn a 1.48% weekly ROI
👐 Withdraw anytime, no lockups!
💼 Buy/sell via OTC feature
🆘 How to: https://youtube.com/watch?...
🧑🌾 Visit https://solbank.finance
🐶 Stake $POPDOG & earn a 1.48% weekly ROI
👐 Withdraw anytime, no lockups!
💼 Buy/sell via OTC feature
🆘 How to: https://youtube.com/watch?...
3 months ago
$POPDOG wanted to thank all his buddies for all the HAPPY BIRTHDAYS earlier!!! 🤝☺️🥰
Twitter even surprised me with balloons on my Birthday! How cool! 🎈🎈😱🥳
Twitter even surprised me with balloons on my Birthday! How cool! 🎈🎈😱🥳
4 months ago
🚀 #AscendEX is thrilled to announce the @POPDOGsolcoin ($POPDOG) listing under the trading pair $POPDOG /USDT. Details are as follows:
✅ Deposit: December 10, 2:00 AM UTC
✅ Trading: December 11, 12:00 PM UTC
✅ Withdrawal: December 10, 2:00 AM UTC
👀 More Details👉 https://ascendex.com/en/su...
🔗 Trade Now👉 https://ascendex.com/en-us...
#POPDOG #AscendEX #crypto
✅ Deposit: December 10, 2:00 AM UTC
✅ Trading: December 11, 12:00 PM UTC
✅ Withdrawal: December 10, 2:00 AM UTC
👀 More Details👉 https://ascendex.com/en/su...
🔗 Trade Now👉 https://ascendex.com/en-us...
#POPDOG #AscendEX #crypto
4 months ago
Before my arrest I was also labelled a Russian agent.
Do not forget.
1. Never been to Russia.
2. Take no money from Russia.
3. Never spoken to a Russian official.
4. Don't speak Russian.
This "coincidence" with the Romanian election stinks!
https://www.youtube.com/wa...
Do not forget.
1. Never been to Russia.
2. Take no money from Russia.
3. Never spoken to a Russian official.
4. Don't speak Russian.
This "coincidence" with the Romanian election stinks!
https://www.youtube.com/wa...
5 months ago
Every month, set new goals for yourself:
- Profit goals
- Activity hours in front of your monitor (per day)
- Amount to withdraw to your bank
- Win rate
- Dedicate some time to finding new wallets to track
- Invest time into improving your entry & exit timings & learning TA
Opportunities like these don't last forever, lock in
- Profit goals
- Activity hours in front of your monitor (per day)
- Amount to withdraw to your bank
- Win rate
- Dedicate some time to finding new wallets to track
- Invest time into improving your entry & exit timings & learning TA
Opportunities like these don't last forever, lock in
6 months ago
Daily Memecoin Recap - October 15
Feels like happy land right now
Artificial Intelligence Bots
$medusa -> hit $31 .2m, heavily pushed by suganarium
#floydai -> hit $17 .2m, launched in April, coming back from the dead with the recent AI meta, George Floyd
#terminal -> hit $15 .2m
$arcane -> hit $1 .55m
#perseus -> hit $900k
- AI coins continue to take the spotlight
- They bullpost their own coin 24/7
Goat First Mover
$goat -> $97 .2m to $182 .1m (1.87x), leader of the AI meta, truth_terminal
$megs -> hit $6 .9m, truth_terminal ( $goat ) often speaks to megs_io
$wen -> hit $1 .85m, shilled by truth_terminal
Anime Meta
$gmika -> hit $8 .39m, AI waifu that you can private chat with on telegram
$amber -> hit $1 .2m, AI bot
$waifu -> hit $589k
$an /gel -> hit $320k
Animal Meta
$miharu -> $321k to $7 .2m (22.5x), Miharu The Smiling Dolphin
#meowmeow -> hit $7 .63m, tiktok trend about an AI animated cat (AI + Cat metas)
$atlas -> hit $2 .13m, new SeaWorld penguin
$mole -> hit $1 .5m, Mole The Sloth
$popo -> hit $1 .21m
#quaestio -> hit $457k , paleontologists may have discovered earth's oldest moving animal
$podcat -> hit $435k , cat on podcast
#popcorn -> hit $411k , popcorn the wood dog, viral dog
Good Volume
$autism -> $2 .48m to $14 .7m (5.93x)
$btcat -> $550k to $3 .57m (6.49x), first cat to appear on the blockchain
$mod -> $10k to $490k (49x), moon or dust, launched on July 22, has been dead since
$higher -> hit $2 .89m, time to go higher
$nigma -> hit $1 .69m, $sigma beta
$cash -> hit $1 .64m, moneys calling
$late -> hit $1m
$twk -> hit $862k , Those Who Know
$forest -> hit $578k
Eth Memes
$klaus -> hit $44 .5m, Matt Furie Meta
#wizard -> hit $5 .7m, pushed by Nate_Rivers, $cb on $eth instead of $sol
More Cooks
$moji -> hit $10 .63m, purple pickle emoji
#wolfina -> hit $3 .76m, woman version of $wolf
$wolf -> hit $1 .64m, Wolfius Maximus of Solstreet, $goat beta
$uman -> hit $1 .47m, we are all human
#retardia -> hit $1 .3m, #retardio beta
$viper -> hit $1m
$god -> hit $680k
$solo -> hit $572k , you can do it alone
#johnson -> hit $550k , Oh Long Johnson
$bud -> hit $536k
#100m -> hit $390k
#visualize -> hit $320k
$hd -> hit $308k , hits different
$mm -> hit $288k , memecoin millionaire
Just imagine how much everything's going to run once $btc breaks ATH
Feels like happy land right now
Artificial Intelligence Bots
$medusa -> hit $31 .2m, heavily pushed by suganarium
#floydai -> hit $17 .2m, launched in April, coming back from the dead with the recent AI meta, George Floyd
#terminal -> hit $15 .2m
$arcane -> hit $1 .55m
#perseus -> hit $900k
- AI coins continue to take the spotlight
- They bullpost their own coin 24/7
Goat First Mover
$goat -> $97 .2m to $182 .1m (1.87x), leader of the AI meta, truth_terminal
$megs -> hit $6 .9m, truth_terminal ( $goat ) often speaks to megs_io
$wen -> hit $1 .85m, shilled by truth_terminal
Anime Meta
$gmika -> hit $8 .39m, AI waifu that you can private chat with on telegram
$amber -> hit $1 .2m, AI bot
$waifu -> hit $589k
$an /gel -> hit $320k
Animal Meta
$miharu -> $321k to $7 .2m (22.5x), Miharu The Smiling Dolphin
#meowmeow -> hit $7 .63m, tiktok trend about an AI animated cat (AI + Cat metas)
$atlas -> hit $2 .13m, new SeaWorld penguin
$mole -> hit $1 .5m, Mole The Sloth
$popo -> hit $1 .21m
#quaestio -> hit $457k , paleontologists may have discovered earth's oldest moving animal
$podcat -> hit $435k , cat on podcast
#popcorn -> hit $411k , popcorn the wood dog, viral dog
Good Volume
$autism -> $2 .48m to $14 .7m (5.93x)
$btcat -> $550k to $3 .57m (6.49x), first cat to appear on the blockchain
$mod -> $10k to $490k (49x), moon or dust, launched on July 22, has been dead since
$higher -> hit $2 .89m, time to go higher
$nigma -> hit $1 .69m, $sigma beta
$cash -> hit $1 .64m, moneys calling
$late -> hit $1m
$twk -> hit $862k , Those Who Know
$forest -> hit $578k
Eth Memes
$klaus -> hit $44 .5m, Matt Furie Meta
#wizard -> hit $5 .7m, pushed by Nate_Rivers, $cb on $eth instead of $sol
More Cooks
$moji -> hit $10 .63m, purple pickle emoji
#wolfina -> hit $3 .76m, woman version of $wolf
$wolf -> hit $1 .64m, Wolfius Maximus of Solstreet, $goat beta
$uman -> hit $1 .47m, we are all human
#retardia -> hit $1 .3m, #retardio beta
$viper -> hit $1m
$god -> hit $680k
$solo -> hit $572k , you can do it alone
#johnson -> hit $550k , Oh Long Johnson
$bud -> hit $536k
#100m -> hit $390k
#visualize -> hit $320k
$hd -> hit $308k , hits different
$mm -> hit $288k , memecoin millionaire
Just imagine how much everything's going to run once $btc breaks ATH
6 months ago
📉 The total number of Bitcoin held in exchanges continues to decrease, reaching 2.594 Million Bitcoin.
That's nearly 500,000 Bitcoin withdrawn from exchanges since the start of 2024.
This is a bullish signal.
🗞 cryptoquant_com
That's nearly 500,000 Bitcoin withdrawn from exchanges since the start of 2024.
This is a bullish signal.
🗞 cryptoquant_com
6 months ago
🥷 According to Coinbase, unmasking Satoshi represents a real risk for investors and knowing the name of the creator of Bitcoin would no longer be important.
“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.
Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.
As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.
“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.
Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.
As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.
6 months ago
🪶 Robinhood launches crypto transfers in Europe.
Customers can now deposit and withdraw over 20 cryptocurrencies, including BTC, ETH, SOL, and USDC.
“With the launch of crypto transfers in Europe, we are making self-custody and entry into DeFi simpler and more accessible for our customers”
says Johann Kerbrat, VP and GM of Robinhood Crypto
Customers can now deposit and withdraw over 20 cryptocurrencies, including BTC, ETH, SOL, and USDC.
“With the launch of crypto transfers in Europe, we are making self-custody and entry into DeFi simpler and more accessible for our customers”
says Johann Kerbrat, VP and GM of Robinhood Crypto
6 months ago
(E)
Introducing the BullVerse Loyalty Program 🏆
Our Loyalty Program is designed to reward users for their commitment and engagement with our platform. The program will gradually roll out with badges and additional benefits. A task management widget is available to help you track your progress and see how close you are to unlocking your next rewards.
Here’s how it works👇
👉 Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.
👉 Our program uses a points-based system to calculate your rewards and bonuses. The more points you accumulate, the higher your level and the better the rewards.
👉 We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.
—————
🎁 Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.
🎁 You will start receiving rewards to your wallet as soon as you complete Level 3. Users who complete Level 3 will also unlock the ability to process automatic withdrawals.
‼️ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.
🙏 The widget has been made live, and those who started using it helped us discover a few issues that have since been addressed.
We encourage everyone (community members & team members) to upgrade their levels as soon as possible.
The only way to reach a new level is by completing the assigned tasks.
What's next ?
Stay tuned for our next announcement regarding giveaways launching very soon on BullVerse, our next big step to bring engagement, revenue and users to the platform !
Our Loyalty Program is designed to reward users for their commitment and engagement with our platform. The program will gradually roll out with badges and additional benefits. A task management widget is available to help you track your progress and see how close you are to unlocking your next rewards.
Here’s how it works👇
👉 Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.
👉 Our program uses a points-based system to calculate your rewards and bonuses. The more points you accumulate, the higher your level and the better the rewards.
👉 We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.
—————
🎁 Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.
🎁 You will start receiving rewards to your wallet as soon as you complete Level 3. Users who complete Level 3 will also unlock the ability to process automatic withdrawals.
‼️ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.
🙏 The widget has been made live, and those who started using it helped us discover a few issues that have since been addressed.
We encourage everyone (community members & team members) to upgrade their levels as soon as possible.
The only way to reach a new level is by completing the assigned tasks.
What's next ?
Stay tuned for our next announcement regarding giveaways launching very soon on BullVerse, our next big step to bring engagement, revenue and users to the platform !
6 months ago
PayPal, one of the world’s largest financial platforms, continues its mission to deliver blockchain-based services to users and businesses alike.
On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.
U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet user’s growing demand for more comprehensive crypto services.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency… Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
PayPal’s commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.
While PayPal has stipulated that this feature will be limited to “eligible” wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchant’s treasury.
$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSD’s Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereum’s $PYUSD supply, making Solana the unofficial home of PayPal’s crypto services.
However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.
Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USD’s Solana-based supply currently sitting at 354M.
It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPal’s willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.
On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.
U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet user’s growing demand for more comprehensive crypto services.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency… Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
PayPal’s commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.
While PayPal has stipulated that this feature will be limited to “eligible” wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchant’s treasury.
$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSD’s Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereum’s $PYUSD supply, making Solana the unofficial home of PayPal’s crypto services.
However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.
Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USD’s Solana-based supply currently sitting at 354M.
It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPal’s willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.
6 months ago
Jito DAO proposes adopting Jito (Re)staking, shifting its focus from LST governance to the broader Jito Network. The rollout includes migration, staking, and slashing phases, with a new 10bps withdrawal fee for protocol-driven revenue.
6 months ago
🚨 BlackRock recently adjusted its custody agreement for its spot ETF #Bitcoin with Coinbase, aiming to improve withdrawal times.
One of the major points of this amendment is the requirement for Coinbase to process withdrawals from #Bitcoin to a public address within 12 hours of receiving instructions.
This means that as soon as an ETF holder wants to withdraw their #Bitcoin , Coinbase, as the custodian, will have to execute this transaction within a relatively short period of time.
One of the major points of this amendment is the requirement for Coinbase to process withdrawals from #Bitcoin to a public address within 12 hours of receiving instructions.
This means that as soon as an ETF holder wants to withdraw their #Bitcoin , Coinbase, as the custodian, will have to execute this transaction within a relatively short period of time.
7 months ago
Binance Has Advised Cryptocurrency Users To Be Aware Of The "Clipper" Malware
A global malware threat is currently targeting cryptocurrency users, causing significant financial losses by altering withdrawal addresses. Known as "Clipper malware," this malicious software manipulates copied wallet addresses during transactions, redirecting funds to the attackers' wallets without the users' knowledge.
A global malware threat is currently targeting cryptocurrency users, causing significant financial losses by altering withdrawal addresses. Known as "Clipper malware," this malicious software manipulates copied wallet addresses during transactions, redirecting funds to the attackers' wallets without the users' knowledge.
7 months ago
Mercuryo, a Web3 payments provider, has announced the rollout of Spend, a virtual debit card promising to streamline crypto payments.
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryo’s Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to “spend on anything. Anytime. Anywhere.”
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, “on-ramping is now a user-friendly process, and users can purchase crypto with ease.”
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryo’s commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
7 months ago
WHAT ARE THE BIGGEST OBSTACLES TO DePIN GROWTH??
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.
GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.
Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.
“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.
The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”
For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.
Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”
GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.
Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”
POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.
DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.
Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”
Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”
ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.
Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”
Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.
GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.
Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.
“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.
The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”
For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.
Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”
GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.
Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”
POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.
DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.
Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”
Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”
ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.
Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”
Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.
7 months ago
BTC, there were minimal trading volumes over the weekend and this weekend. Tomorrow is a whole day off in the USA and the volumes may not be large either. Bitcoin is still near the local support zone. Let me remind you that this zone is 57,600-55,900. Bitcoin continues to trade inside the medium-term pattern. And in this case, the key zone and level for reaching the upper limit of this pattern is the level of 60,000 and 64,000. After the breakdown of the pattern, a new round of growth of this cycle will begin.
withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️
Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - 7%, 1,000 btc❗️
Altcoins, the accumulation continues. The market also gives many a chance to enter at an affordable price. But it is more likely that the next month will change the situation. The growth of altcoins in the near term will be significant.
https://www.tradingview.co.../
7 months ago
BTC, locally the 60,000 level is lost. At current levels, the local support zone is 57,600-55,900. Bitcoin is more likely to reach this support zone, from where it will be necessary to monitor the reaction in this zone. It is more likely that we will see a correction with a local flat for some time during the next week. It is also necessary to monitor the zone in which Bitcoin has been located since August 8, see the chart. (local support and resistance zone)
withdrawal from exchanges exceeds input - correlation
Altcoins, next week I will start the final set of coins for medium and long term. There is no endless correction, and there is no endless growth. Altcoins have been in correction for 5 months now.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - correlation
Altcoins, next week I will start the final set of coins for medium and long term. There is no endless correction, and there is no endless growth. Altcoins have been in correction for 5 months now.
https://www.tradingview.co.../

7 months ago
BTC, Bitcoin's local setup is still holding, holding the local support zone. But still, now the main movement is following a medium-term setup, a medium-term pattern. Now the price is just below the middle of this pattern and below 60,000, there has been no consolidation below. The bulls have literally several days to return the level of 60,000 and go above the local resistance zone. Also, the local key zone is 62,000, where there is an open level. Let me remind you that many major players and traders are waiting for September 11th. US inflation data, which can be used to predict a future rate cut on September 18. Two key days in September! There is minimal time left. A market reversal is more than likely to occur during these dates. But don't expect that one candle will reach the highs in one hour! The altseason is 21 years old, the main part of altcoins went to the historical max. 8 months. And a number of other altcoins were moving towards a historical maximum of +-16 months (for example, LUNA). On this squiz, the whales actively bought Bitcoins and took them off the exchanges while the paper snot whined and sold their bitcoins.
the withdrawal from the exchanges exceeds the input - 40%, 17,000 btc
Altcoins, the month of September will be key, an additional set of altcoins will be closer to September 11th. It is on the dogosrok-the average day. The turnaround will be fast and many will bite their elbows. But there is still time and perhaps one of the last chances. Let me remind you that we are at the beginning of a new cycle!
https://www.tradingview.co.../
the withdrawal from the exchanges exceeds the input - 40%, 17,000 btc
Altcoins, the month of September will be key, an additional set of altcoins will be closer to September 11th. It is on the dogosrok-the average day. The turnaround will be fast and many will bite their elbows. But there is still time and perhaps one of the last chances. Let me remind you that we are at the beginning of a new cycle!
https://www.tradingview.co.../

7 months ago
BTC, the local setup is broken. As I wrote earlier in the posts, nevertheless, the main setup that Bitcoin is currently following is a medium-term setup inside the pattern of which Bitcoin is now located, see the graph (the blue lines above and below are the boundaries of the pattern), the words of the US Federal Reserve's Powell did not last long for the market that rates would be lowered. The market needs real action. The first of which will be in the next week of September.
the input to the exchanges exceeds the output -
13%, 2000 btc
Altcoins, everything is within the norm, as I wrote earlier in the posts above. This scenario was calculated. There is no endless correction, just as there is no endless growth. September will be important and it is more likely that the reversal will begin next month (it will begin, this does not mean that in one day or hour the coins will reach their historical peaks)
https://www.tradingview.co.../
the input to the exchanges exceeds the output -
13%, 2000 btc
Altcoins, everything is within the norm, as I wrote earlier in the posts above. This scenario was calculated. There is no endless correction, just as there is no endless growth. September will be important and it is more likely that the reversal will begin next month (it will begin, this does not mean that in one day or hour the coins will reach their historical peaks)
https://www.tradingview.co.../

7 months ago
7 months ago
DASH
Take control of your crypto with Multi-Chain tools for Traders & Developers with The Latest Technology.
Our utilities are live & operational. Heavily stress tested over past few months.
We feel Dash will elevate the meaning of the word “utility”
We built something unique with the potential to be adopted by 1000’s in this space. Until Dash, a lot of these functions and tools have never been easy to access and also protected. So we built our own for the culture.
Our mission is to create a significant impact on the crypto space and allow all levels of traders, developers, degens or even your grandma to enter the space equipped with stacked tool box!
Website - https://dashdapp.io/
Telegram - https://t.me/DASHEntryPort...
#TradersCoveGems
Take control of your crypto with Multi-Chain tools for Traders & Developers with The Latest Technology.
Our utilities are live & operational. Heavily stress tested over past few months.
We feel Dash will elevate the meaning of the word “utility”
We built something unique with the potential to be adopted by 1000’s in this space. Until Dash, a lot of these functions and tools have never been easy to access and also protected. So we built our own for the culture.
Our mission is to create a significant impact on the crypto space and allow all levels of traders, developers, degens or even your grandma to enter the space equipped with stacked tool box!
Website - https://dashdapp.io/
Telegram - https://t.me/DASHEntryPort...
#TradersCoveGems
7 months ago
BTC, locally a resistance zone, has become a support. Marked in pale green on the graph. BUT this support is weak, due to the line of the ascending pattern, see the chart. At the moment, a setup has been formed with local level compression. also look at the chart, local resistance. Bitcoin is now almost at the end of this setup. Getting out of it in the next couple of days. A breakdown of the local resistance zone will send the price higher to the upper limit of the pattern. So a breakdown downwards will send the price at least to the local support zone. Such patterns make their way in both directions, As a minimum setup from August 20, 1 goal worked out. Most often, recently, the working out of such patterns has been down. But at least you need to wait for the breakdown. In general, the market has almost recovered, the last touch remained on September 11, inflation data. And after that, the market is free from negativity and fear.
the withdrawal from the exchanges exceeds the input - 2%, 1,400 btc
Altcoins, as well as Bitcoin on September 11, are awaiting data. But still, after the last correction, its bottoms from the beginning of August, many have already gone far enough. The activity of investors and the general mass of traders is at the lowest levels. Many people no longer have faith, almost the majority have sold and left the market. There is also enough metric data - it signals the day or close to it (of course, this data has already been during this month) and for many coins the bottom is more likely already passed! But there are still a lot of coins that can be bought back at an attractive price. I quote Buffett's words "when blood is pouring, buy, when euphoria and everyone is shouting buy and sell"
https://www.tradingview.co.../
the withdrawal from the exchanges exceeds the input - 2%, 1,400 btc
Altcoins, as well as Bitcoin on September 11, are awaiting data. But still, after the last correction, its bottoms from the beginning of August, many have already gone far enough. The activity of investors and the general mass of traders is at the lowest levels. Many people no longer have faith, almost the majority have sold and left the market. There is also enough metric data - it signals the day or close to it (of course, this data has already been during this month) and for many coins the bottom is more likely already passed! But there are still a lot of coins that can be bought back at an attractive price. I quote Buffett's words "when blood is pouring, buy, when euphoria and everyone is shouting buy and sell"
https://www.tradingview.co.../

7 months ago
BTC came out of the local flat of 58,000-62,700, but there was no consolidation higher on the daily timeframe if you look at the candles after the breakdown candle. We see that there are 2 candlesticks of uncertainty. It is understood that they were on the weekend, and recently there have been small volumes on weekends. Also, the level of 62,700 remained open. There was also no re-test of the flat breakdown. If we do not see further growth today, it is more likely that the 62,700 level will be re-tested. Which is very logical. Let me also remind you that the main growth will begin after the breakdown of the pattern and the resistance zone of 70,000-73,000.
the withdrawal from the exchanges exceeds the input - 15%, 1,000 btc
Altcoins, since the squiz on August 5th, many altcoins have grown significantly. Some gave more than two x's. But still, these are only local movements, the main growth will begin after the breakdown of the descending lines on the capitalization of altcoins and the breakdown of the resistance level for Bitcoin. On September 11, there will be data on US inflation, after which it will be safe to say that the rate will be lowered on September 18.
https://www.tradingview.co.../
the withdrawal from the exchanges exceeds the input - 15%, 1,000 btc
Altcoins, since the squiz on August 5th, many altcoins have grown significantly. Some gave more than two x's. But still, these are only local movements, the main growth will begin after the breakdown of the descending lines on the capitalization of altcoins and the breakdown of the resistance level for Bitcoin. On September 11, there will be data on US inflation, after which it will be safe to say that the rate will be lowered on September 18.
https://www.tradingview.co.../

7 months ago
BTC, volumes over the weekend, especially today, fell to lows. Against the background of some events, the arrest of Pavel Durov, some coins, TON and NOT, showed some correction. I refrain from buying them in the near future. Fortunately, at least I didn't have them. But in any case, these drains on these coins can be used for speculative trading.
Bitcoin has been standing still for the last 24 hours. Read the post above. The situation is exactly the same.
withdrawal from exchanges exceeds input - correlation
Altcoins, minimally adjusted, on a 15-minute timeframe. The two main downward trends in the capitalization of altcoins were broken, but it did not work out, and the cap went back behind these trends. To collect liquidity and a new attempt at breakdown and consolidation.
https://www.tradingview.co.../
Bitcoin has been standing still for the last 24 hours. Read the post above. The situation is exactly the same.
withdrawal from exchanges exceeds input - correlation
Altcoins, minimally adjusted, on a 15-minute timeframe. The two main downward trends in the capitalization of altcoins were broken, but it did not work out, and the cap went back behind these trends. To collect liquidity and a new attempt at breakdown and consolidation.
https://www.tradingview.co.../
