When it comes to earning rewards, you really can't just mess around; you need a plan.
This year, I've set a three-step strategy. Halfway through the year, I'm still working hard.
🔸 Backpack Start 🔹 Lighter Hedge 🔸 @megaeth_labs and other mainnets to dive in and get started.
But people aren't gods; we don't have a god's-eye view. It's impossible to always have the right direction; if you're wrong, you need to adjust immediately.
🔹 For example, I predict that by the end of 2024, it will be a big year for AI. I formulated a massive plan for running AI nodes and deployed 1,200 Tencent servers. After four months of operation, I discovered that the crypto space is basically full of shell projects masquerading as ChatGPT PPTs, which are of no real use. I shut everything down to stop losses, and all I have left are points that have been PUA'd—it's tragic. 😅
🔹 Another example: in 2023, I heavily invested in Linea, manually creating 50 accounts. I found that this project kept greedily taking user gas fees, and executives gradually left the company. Coupled with the shattering of the L2 narrative, after three months, I decisively stopped losses while watching many friends still anxiously hope—it's sad.
🚀 My strategy is to focus efforts on big projects. If there’s a mistake, adjust. When encountering new large projects mid-year, I also join in and follow up. All small projects are treated as lottery tickets; only big airdrops can put food on the table!
✅ We, the reward earners, in the process of interaction, are identifying the quality of projects.
Compared to the fools who buy into the secondary market, our understanding of projects is often clearer than even the project staff.
Is it just a PPT facade? Experienced earners can see through it at a glance. When the TGE happens, we dump the airdrop without a second thought.
🔸 But a truly good project can solve user pain points and help them earn continuously in DeFi. After the token launch, I will definitely be a real user.
Seeing the surface is about recognizing people; earning rewards is about recognizing value.
This is the cultivation of early users and test players. Over time, making money becomes a bonus.
🔹 You’re simply experiencing new products every day; it’s endless fun.
Brothers, am I right? Screw those electronic beggars!
We are the most badass builders in the crypto space! Earning rewards is the best industry!
Let’s work hard; screw it, we will definitely get rich!
Talk about three sets of data, everyone can interpret it themselves
🚀 Custodial Assets HyperLiquid 3.6 billion, Lighter 182 million, Backpack 273 million Backpack grew 53 million in 5 days, the growth rate is very fast, the momentum is good, surpassing Lighter
The reason is that everyone realizes this is not a gambling contract exchange, this is a DEX for financial arbitrage, it can be played like building with Legos, it's fun...
Backpack ranks third, with yesterday's SOL spot trading volume of 300 million, surpassing many second-tier exchanges, very impressive, it truly is the leading exchange on the SOL chain
Ant Financial lays out the RWA track, seed round financing of $8 million Pharos interaction tutorial
US President Trump's crypto innovation has given global corporations the opportunity to embrace blockchain. Faced with such a huge cake, a public chain specifically designed for enterprise-level DeFi is bound to experience explosive growth. A new star in this track, let's take a look at Pharos Network.
🍀 Project Background @pharos_network established in 2024, is a modular and full-stack parallel L1 blockchain network founded by the former blockchain business leader of Ant Financial. It is designed for institutional-level physical assets and enterprise decentralized finance, with plans to achieve 50,000 TPS and extremely fast speed.
In 4 days, I lost all my years of savings, 500,000 RMB.
A month has passed, and I think it’s still worth sharing this as a warning to everyone. Please take me as a lesson: don’t gamble! On June 2, a few days after the Backpack S1 season ended, I was holding $135,000 in cash and suddenly felt a bit idle. I thought since I can't hedge with Backpack, I might as well do some short-term trading on Lighter. Maybe I can increase my funds a bit before S2 starts. Then I went to gamble on contracts, opening positions that got larger and larger, with $1 million positions. A 1% rise or fall is $10,000, very thrilling.
Yesterday, someone in the WeChat group posted this picture. When I opened it, my mind was still in the cryptocurrency thinking mode.
Then, I was completely confused. What the hell is this picture?
🔹 I typed in the group to complain: What the heck... they are all state-owned enterprises, what are young people doing there?
After I finished writing, I realized this is a small group of my university classmates, not a cryptocurrency group.
🔸 A classmate then said: The key is that many people are queuing to get in.
🔹 I replied: What are they thinking? What are they going to do there?
🔸 Classmate: Retirement.
🔹 I was silent for a moment and said: We, as only children, realize things late; we only understand life at 30. This is the age to strive, not to think about retirement.
Then, the group fell into a long silence...
They might think, this is just a fool trying to show off.
That evening, I told my wife about this matter, and she said, it’s very normal. Don’t people want to earn money without working for retirement?
✅ It seems that it’s not others who have the problem, but I have the problem. Ever since I entered the cryptocurrency world, I’ve become “problematic”!
The people here in the cryptocurrency world are all working hard without sleeping, only thinking of one thing every day: making money, making money, making money!
When we have dinner with friends from real life, I always hear them talking about trivial matters and gossiping about others’ lives.
I am now unwilling to participate in these dinner invitations; I can’t muster any interest, feeling it’s meaningless.
My wife often says, you are out of touch with reality.
But she knows I am trying to become better.
🌈 Maybe, to become better, one must undergo a transformation, abandon outdated concepts, leave the previous living environment, to see a broader world.
I am very grateful to have met everyone who reads my article in this gambling den of the cryptocurrency world. Those who strive for themselves will not retire before achieving financial freedom.
Pumpfun has been collectively sued in the United States, reportedly under SEC investigation for market manipulation. Previously, the founder and official Twitter account were temporarily suspended, and the airdrop of the token is likely far off.
This proud launch platform on the Solana chain has stalled, and users are no longer burning SOL to chase low-quality coins. Last month, it was clearly felt that the SOL price was weak.
But last night, I discovered that Jump, the king of the crypto world, has raised the grand flag for Solana once again.
🌈 Who is the grand flag? @cookingcityHQ is rising, do not underestimate it, there is a bigger game behind it.
Jump is gathering forces from the United States, Russia, Hong Kong, China, and Singapore—the five major cryptocurrency hubs globally, a strong alliance, ready to unleash global liquidity and pump the market?!
I don’t trade memes; I will never release any CA. What I care about is the opportunity for airdrops. With strong institutional backing and a profitable protocol, I am still interested in projects that can yield profits. What if this is the next Pumpfun?
🪂 Airdrop Analysis @cookingcityHQ has released a points system, and I am fairly certain there will be an airdrop. Let me briefly explain how to earn points.
1⃣ Log in to the official website
https://cooking.city/campaign?invite_code=oEcf4C
Click on GET STARTED in the middle to pop up the registration page.
Connect your SOL wallet, Twitter, follow the official Twitter and verify, and you can start earning.
2⃣ Points System Click on REWARD above to see the points interface, which is divided into three sections.
1) Trading Volume Points It’s based on how much money you trade in memes. I suggest trading MICHELIN memes, which are equivalent to official selections, but everyone, please don’t gamble, don’t get carried away.
2) Referrer Points You can send the invitation code to friends and earn commission rebates for referrals.
3) Earn Points for Free Complete tasks to earn points without spending any money, but to prevent studio fraud, the official requires you to trade 1 SOL first to unlock tasks.
🔹 Risk Warning: Everyone is here for the airdrop, act within your means, we are here for airdrops, not gambling.
✅ Summary @cookingcityHQ's strength compared to Pumpfun lies in the referral rebates. If this launch platform can become popular, it will be printing money. Companies that can continue to profit usually have very high-quality airdrops.
Everyone can give it a try, betting on a lottery ticket, and who knows, it might really grow into a giant, and the airdrop will be a comfortable profit.
I’m not talking about the idiot Linea, the pure German project @ICN_Protocol airdrop is here
Tomorrow night at 6 PM, direct mainnet airdrop, they didn’t keep us waiting long, another quick and smooth push, feels good
The project team is hosting an event at @Bybit_Official, giving away 3 million ICNT tokens. Starting today, for two weeks, on par with Binance Alpha's appeal 🫡
I did some research, there are two ways to earn:
🔸 The first 10,000 new users who complete the tasks will receive 200 ICNT tokens for depositing 100U
🔹 Complete 500U of ICNT spot trading volume to share 1 million tokens, with a maximum individual earning of 6000 tokens
The event's official website is as follows: https://www.bybit.com/zh-MY/trade/spot/token-splash/detail?code=20250701024720
✅ Summary
There's an old saying in China: Don’t look down on small money, if you can’t earn big money, and then gamble recklessly, and blame your bad luck
I know a few brothers who specialize in grabbing exchange activities, accumulating little by little and growing bigger, watching them get rich
So if you ask me whether to go for it? I say: Don’t look down on small money!
TreeHouse raised 18 million in seed round, Binance and Jump rush to invest in it
What I am going to tell you is a true story. Just five years ago, American society, like the mysterious Eastern powers, had elites in suits and ties who looked down on the cryptocurrency world. On Wall Street in the United States, if you trade in cryptocurrencies, your boss will exclaim that it is a scam; Warren Buffett and other old names directly call Bitcoin a Ponzi scheme. At that time, at the top investment bank Morgan Stanley, there was a senior executive who was responsible for fixed income and derivatives trading strategies. 🔸During the day, he is a senior executive on Wall Street. At night, he sneaks into the cryptocurrency circle and engages in DeFi mining. This group of investment bank elites who love the cryptocurrency circle dare not say that they are into cryptocurrencies at work. They communicate with each other on the Bloomberg machine using the code word "Dark Forest".
Yesterday received FRAG airdrop 800 U, thanks to Backpack 🎒 for giving villagers gold bars
Let’s write some thoughts
In January this year, I started playing with Backpack again because the official activities were back, and the rewards from @Backpack have been continuous, constantly giving users money! I did some calculations and earned 2900 USD, the earnings are as follows:
1⃣ S1 Preseason, earned 900U
I was late to get in, only joined a week after the event started, participated in the Sonic + USDC cash event, netting 900 USD after costs
2⃣ S1 Season, King’s Medal + 100,000 points
The medal is an NFT continuously airdropped by exchanges, it always retains value
Points cannot be redeemed yet, current consensus is 0.5U - 1U per point
3⃣ S1 Playoffs, issued 1800U
🔸 Airdrop, SUI + WCT + FRAG, distributed money based on medal levels 1000U, very comfortable
🔹 Daily cash activities, just this month, when there was no trading on Backpack, I did several trades daily, earning back 3 times the cash in fees, made over 600U, really good
🔸 As a result, they surprised us with points at the end, I really regret not doing more, got lazy! 4⃣ Interest income, received 200U
Spent 6700U in fees, because of a 20% cashback, the actual expenditure was 5300U, earned back 2900U from Backpack, equivalent to spending 2400U to get 100,000 points + King’s Medal, I’m very satisfied
The premise is not to gamble, and to persist in arbitrage!
🌈 Every time I see the top right corner of Backpack light up, I know there’s another reward to claim, it really feels good
Is Backpack @Backpack_CN a great vision? Is the founder @armaniferrante awesome?
Does everyone have any judgment in their hearts yet?
//
✅ I just ponder a question, would you rather follow a steadily developing Binance Alpha that could go up or down in the future?
Or take a gamble on a rising star, getting on board before the next more powerful compliant FTX matures?
Life choices are always more important than hard work
The latest underrated project on the SUI chain, sharing the airdrop interaction of Magma
Ecosystem projects on the SUI chain, to be honest, are hard to research. Supported by the SUI Foundation, most act low-key, do not announce financing in advance, and will not leak information to avoid attracting farmers Back then, Walrus quietly announced 130 million financing only a day before TGE, directly freeing a batch of early users in the SUI chain ecosystem's airdrop, rewarding real users, and hoping these people can stay, so for good projects on SUI, many times the news is passed word of mouth among group friends
Today I’m going to talk about a very new project, let's study it together
Bad project parties treat early on-chain participants like pigs to get on Binance Alpha
Previously, the rug-pulling circle was terrified, wishing you luck in getting your project on Alpha, hehe, wishing your whole family gets on
Binance is estimated to take an 8% share, and this money can only be paid by the noble electronic beggars
But today, this Alpha makes me secretly happy, this is the divergence strategy of @EchoProtocol_
✅ Consensus will only get more intense; divergence will yield big rewards
APT ecosystem is not optimistic + Bitcoin ecosystem is being slammed?
I’ll just focus on a batch of low-end accounts, working on the small and beautiful Echo, being a brave contrarian
🚀 Facts prove that reverse thinking might lead to great returns
//
🔸 Airdrop Rumors of @EchoProtocol_ having a grand vision, offering 15% airdrop shares to early users Our shares will not be diluted by Alpha; project parties that respect the community deserve respect from every cryptocurrency person 🫡
//
🔹 Scale For more than two years, Echo has started as a startup and has been focused on building
Its TVL has reached 700 million USD, growing to the largest BTC liquidity protocol on the Aptos chain, monopolizing about 70% of BTC liquidity
Lending, ecosystem, active user numbers, flourishing all around, far exceeding our early users' expectations; we didn't expect it to become this strong
//
🔸 Empowerment The $ECHO token model has real applications, participating in liquidity mining, voting governance, lending income, ecosystem revenue sharing, and more empowerment
Tokens can mine, vote, and share protocol income; if the flywheel starts turning, it will definitely raise the coin price. I hope to pull up the price, making our airdrop more valuable
//
✅ Summary When everyone is about to lose confidence in the BTC ecosystem, the small and beautiful @EchoProtocol_ stands up
This team of old OGs in the crypto circle always believes in one thing: Bitcoin finance can change the future!
🔹New Discovery: The token share of the market maker (MM) for the backpack is also 0. Previously, I had confirmed that the shares for the team and VC were both 0, and institutions only hold equity.
This means: if you want chips, you can only get them from the points season, and there are no institutional tokens unlocking to dump, everything is fair.
It really feels like a meme coin project, where everything is fully circulated to the community at the start, but the difference is that this meme coin has real income; this is the most profitable sector in the crypto space (exchange license) -- a money printer.
🔸The English version of the official document uses the term equity reward, confirming that there is no translation ambiguity; it is only equity given.
The above discovery was found yesterday while studying the documents with @Metabape, if anyone wants to research in detail, you can check the official document from @Backpack_CN.
Our understanding is: market makers should be able to choose either equity or points, only one can be selected.
But I looked at the document again this morning and found that the valuation for the equity given to MM is 120 million, which is crazy! I think anyone would choose equity, after all, it's too cheap!
🌈There are 2 very important points in the official document:
🔸MM participating in the “Market Maker Program” cannot participate in other programs (like points).
🔹Backpack Exchange offers an equity buyback option, which can buy back equity rewards monthly at the last financing valuation (120 million USD in February 2024). MM can choose cash rewards and must notify Backpack by the end of the following month (for example, for October rewards, confirmation is required by November 30). Equity rewards that have not applied for cash conversion will not be redeemable later.
If any MM previously chose cash rewards @Backpack🎒, looking at this 120 million equity valuation today, I think they must be regretting it, isn’t a 12 billion stock valuation reasonable?
Real-life institutions sell for a hundred times profit 🫡
✅Summary Treating the token of the most profitable sector in the crypto space (exchanges) as a meme and fully circulating it to the community, is this the first of its kind?
What else is there to say? Go all in, I can only go all in.
The cryptocurrency world is a small society full of PUA traps Unscrupulous project owners are sending out NFTs to make money, they are making Odyssey to steal our gas, and they are launching an ambassador program to make you write articles and become a slave Anyway, it’s just a shame, the lives of black slaves are also lives! If you encounter a project party that gives gold and BTC to villagers, cherish them!
Last time @GOATRollup held an event and gave us BTC and Dogecoin, I still remember it, thank you Recently, it has been working hard, first launching Kaito and then launching the One Piece event, with only one goal, which is TGE. After 2 years of construction, the conditions are ripe, so you must participate in the activities and don't let down the last round of points.
Recruit 10 female college students, pay for 2 ChatGPT memberships, and provide each with a computer
Work 8 hours a day, letting them focus on data annotation work for @SaharaLabsAI
The cost is a maximum of 40,000 RMB a month; the studio doesn't pay taxes, just mining $SAHARA tokens
Listed on Korean exchanges and Binance, liquidity is great
The project team released two new products yesterday:
Agent Builder, a platform for agency construction, and AI Marketplace, a trading market for open-source data models
🧐 I feel the project team is taking action and will continue to build; the AI field is definitely not just about being listed, this is the future
Because to do data annotation, model training, human collaboration, and other key processes on Sahara, they need to use their tokens
Tokens are not just air; they have use cases, which can help keep the price stable and allow the project to develop long-term
✅ In the long run
🔸 This small workshop company is in a field encouraged by the government for specialization and innovation, making outstanding contributions to human AI training; who knows, it might get listed on a startup board or the Beijing Stock Exchange
🔹 Female college students who work part-time will, after graduation, supply the society with a group of cutting-edge professionals in the field of artificial intelligence, helping the industry progress
🔸 The founder of the small workshop is a service provider for top international AI companies; in the future, could they bring in elite talent from Europe, America, and Australia, and possibly facilitate elite immigration?
Brothers, take a look, a small workshop benefiting from @SaharaLabsAI, serving the country and the people, making my work look impressive
Suddenly, I feel that making money is a small matter; with this mindset, blockchain is truly amazing!
A $270 million giant, Somnia Airdrop Interaction Tutorial
Newton, have you made a good profit? My first thought was to check Kaito's leaderboard, and I plan to sort by funding amount, focusing on those with strength to go all out. Don't regret the past, look ahead! Guess what? I actually found it. The dominant @Somnia_Network is stealthily lurking; this is the fastest and most efficient layer-1 network on EVM, a pride of Great Britain, a hidden cosmic-level giant!
Dive below to unveil her mysterious veil for you
🚀Funding Situation Somnia has raised $270 million, coming from three joint capital firms (I'll explain later). 🔹Investors: American a16z, Japan's SoftBank, Singapore's Temasek, American DCG, SIG Haina Asia Venture Capital, and other top VC firms in the world; each name mentioned here is renowned, and the funding lineup is incredible!
A few years ago, when I hadn't entered the crypto world yet, I wanted to give my child an English name called Friday, because every Friday made me very happy.
This morning, reflecting on this matter, I suddenly realized that it's not the weekends that make people happy, but rather that workers do not have the right to choose happiness.
Now, I work 7 days a week, and I am super happy. I have met like-minded friends on Twitter, and we all adhere to the simple principle that 'slow is fast.' In the big casino of blockchain, we control our inner desires to accumulate wealth, and we work diligently...
I am honored to be in the crypto world of this financial industry, falling down and getting back up, doing the difficult yet right thing.
🔹 As long as the path is right, there is no fear of distance.
🔹 As long as it is recognized as worthwhile, it doesn’t matter how much the world changes.
Brothers, calm down and give yourself two cycles of time; you will thank the hardworking you of today.