the truth is that chains don’t matter anymore, apps do
that’s why MegaETH is the best positioned to win
there’s been 2 main app creativity booms in web3 with the third one about to be enabled by mega
1) EVM launch: people creating experimental apps everyday but then experimenting became expensive fast due to rising gas costs
2) @arbitrum launch: mainnet was way too expensive for smaller teams to afford and iterate fast; arb enabled cheaper and faster space and so much was deployed in the first year of arbs existence
3) @megaeth_labs launch: a shift from resource scarcity to resource abundance mindset; devs won’t have to care anymore about block speed, oracle speed, contract sizes, contract call complexity & more. a fully blank slate where developers have complete creative freedom
mega is the best positioned to embrace the third app creativity boom with previously impossible to build apps coming to the chain
not only that, but mega is also taking an extremely app-first approach where instead of passively waiting for apps to come via a large grants bucket, they select, support and accelerate innovative apps via their @0xMegaMafia program
when chains say “come build on our chain, maybe you’ll get a grant” it tends to attract the usual boring forks, few disruptive apps would take the risk
the approach megaeth is taking ensures that there’s a powerful roster of innovative apps building on their chain even before mainnet goes live (30 apps just coming from megamafia alone)
im insanely bullish on chains that think app first
btw since im starting to see some of you speculating, no im not behind @yapyo_arb
im as clueless as you guys are on what it is
if i had to guess from website content its probably a memecoin other protocols can pay money to, money gets swapped to token and tokens get distributed to top yappers of the projects that paid
and from the following list we can see its launching on @gu_trade which is a launchpad on arb
following to see where this goes, manifesting an arbitrum win season
so far the @stayloudio leaderboard has been using Kaito mindshare rankings in their purest form, but from what we’ve seen many of the top 25 are not creating content that benefits token holders
even the current #2 is only creating engagement bait posts (and even fud lol)
an interesting possible solution could be token holder policing
a Twitter bot that can be tagged by token holders when they want to disqualify a post from generating mindshare (with token balance verification and weighting), could even use @ethos_network agent for this tbh
if a KOL has too many reports of generating useless content they can get banned, deboosted or have their mindshare % reduced by amount of ineligible posts
i truly believe quite a few of the current top 25 do not deserve to be where they are on the leaderboard and to get paid for the content they have been making, but as of now we’re just using raw kaito data
i kinda like this solution because it makes holders pay attention to created content and passively also forces KOLs to produce useful and aligned posts
what if we aligned interests between speculators and yappers even more? what if we introduced deliverables for $LOUD?
at the end of the day what holders want might not simply be attention in any form, but attention that converts into volume
one possible path is introducing volume deliverables: the top 25 get their weekly payout unlocked only after a certain amount of volume is hit; otherwise the prize pool rolls over to the next week or goes back into buying the token
so far the content created by the top 25 has been mostly informational or news related; we might want to push for higher conversion into volume and control the content type
for now this is just an idea but would love your feedback!
here’s my reflections on the @stayloudio experiment so far:
1) support has been incredible and it’s been amazing to witness so many people coming together theorising, giving feedback, making memes and just outright having fun
2) most IAO participants are sitting on a 100x and I overall believe it was extremely fair distribution and a success
3) launch has been hectic, delays and unmet timelines caused some confusion and I want to apologise for it, especially to the Asian frens
4) liquidity deployment could have been further optimised for volatility and volume capture, a few secondary concentrated LPs were deployed in the current price range lowering slippage / volatility and leaking some fees from the POL pool -> especially on this one I think there’s room for optimization and would love to get more feedback
5) $350k in SOL fees so far have built up a decent war chest that should attract some top KOLs and start off the flywheel, overall pretty impressive
6) looking at the IAO data, most participants were real people. most people that were whitelisted for phase 2 that I talked to managed to get in which makes me very happy. some last minute changes to the frontend code prevented most automated bots from getting in
7) im overall excited for the week ahead, it’s been extremely stressful but also fun. very thankful to everyone that made this experiment coming to life possible
I would like to again apologise to everyone that got affected due to bad timezones and confusion. no launch is perfect and i agree this could have been handled better
remember this is an experiment that we’re all taking part in and have a voice in shaping, make yourself heard and leave feedback!
thanks again everyone, can’t wait to see how the future of loud plays out