What should newcomers do when entering the crypto space, and what should they avoid?
Market recovery, newcomers entering: A guide for explorers in the crypto world.
As market sentiment rises and ETH prices return above $4200, we can foresee a new wave of wealth myths enticing newcomers from outside the circle to try their luck. However, the crypto world is a dark forest filled with both opportunities and traps. For newcomers, clear action guidelines and risk boundaries are crucial. This article will provide you with advice on what a newcomer should do and what to avoid. Part One: Recommended Action Path
Taking advantage of the recent expectations for TGE on Linea, and with the good meme market on-chain, I exchanged the memes on Linea, $croak and $foxy, for $ETH ,
I used to bet that memes would have a weighted effect, but I was wrong, because even LXP-L didn't have a weight, memes are useless.
I didn't lose in U terms, but I lost in E terms.
If you have money, it's better to hold $ETH and $BTC .
I've just casually streamed a few times, and can earn a total of 63 coins $K , receiving an airdrop of Sidekick worth several dozen dollars.
sidekickfans is a web3 live streaming platform where you can stream dog fighting, trading coins, playing memes, and engaging in contracts. There will definitely be a second round of airdrops.
You can have fun with it, but don't stream while idle, as your account will be banned. #空投 #sidekick
Now Binance Square also has mouth-to-mouth? You can participate in the event of @Succinct and share the prize. After the succinct TGE, the current price is stable at 1U, to be honest, this price is pretty good, indicating high market recognition.
Succinct does not focus on performance; it turns complex ZK technology into usable tools.
The design logic of SP1 abstracts the ZK proof process to resemble a regular programming language.
Developers do not need to learn cryptography or understand the mathematical principles of proof systems.
The entire Ethereum block ZK proof can be completed in 12 seconds by Succinct, and users do not need to set up their own proof system; they can directly connect to this network and use the proof power provided by others.
This essentially turns ZK proof into a cloud service, lowering the threshold for most applications to access ZK.
Let's review the SuccinctLabs $PROVE airdrop. Actually, I didn't manage to get many coins, totaling about 1700 coins.
However, I still want to write a review, as it not only summarizes the past but can also remind myself how to do better in the future.
1. Interaction Process I learned about this project in June last year, but I only joined the Discord briefly.
Then during the Spring Festival in February this year, I saw that the official website launched the testnet, requiring a deposit of 10 USDC to participate. At that time, I only deposited a few accounts, and I just played with these few wallets.
After the first testnet ended, I moved on to the second testnet,
The second testnet actually only allows participation for Discord accounts that are active or wallets with high points from the first phase.
2. Airdrop Distribution Observation From my observation, the Succinct airdrop is heavily biased towards community interaction rather than contributions from the on-chain testnet. Testnet users generally received 20-30 tokens, with the maximum being 220-230 tokens. In contrast, active users on Twitter and Discord received between 1500 to 60000 tokens. For example, Wang Duan Niao frequently tweets, has high view counts, and thus receives many tokens, as high as 17000 tokens.
Furthermore, Pixnvm, who focuses on being active on Discord, surprisingly received 60000 tokens even with a small number of followers.
My strategy was overly focused on on-chain interactions while neglecting the social aspect, leading to only 20 tokens for my small accounts. According to official information, the evaluation for Succinct's airdrop includes the following dimensions,
Testnet activities Discord roles/participation X (Twitter) interactions "Additional contributions"
Succinct CEO Uma Roy once stated that this network is "prepared for Succinct super fans rather than testnet users,"
Thus, it's not surprising that testnet users did not receive many airdrops. 3. Strategy Summary My strategic mistake was: Investing time and energy in on-chain interactions, testnet proofs, game loops, etc., while neglecting social metrics such as Discord roles, artistic contributions, and meme outputs, which actually hold higher weight. So, in the future, airdrop hunting needs to balance on-chain activities with community building. In the future, project teams will pay more attention to community builders rather than pure on-chain users,
The formula for successful airdrop hunting may become:
Finally secured, can $PROVE reach 1 dollar? In February this year during the Spring Festival, I bought an invitation code for 10u and have worked hard until now, it's really not easy.
Reviewing the wrong strategy, it was not properly grinding the DC level.
BounceBit is an innovative Bitcoin (BTC) re-staking chain, centered around a unique CeDeFi (Centralized Finance and Decentralized Finance integration) framework. It aims to allow Bitcoin to participate in the verification and security maintenance of other blockchain networks or protocols while maintaining security, thus unlocking additional revenue opportunities for Bitcoin holders. CeDeFi Framework: Merging Efficiency and Transparency BounceBit's CeDeFi framework cleverly combines the high efficiency and liquidity of CeFi with the transparency and decentralized spirit of DeFi. This means users can deposit BTC into the platform, which will then be re-staked onto BounceBit's own PoS chain or participate in other DeFi protocols. Meanwhile, by collaborating with centralized institutions like Ceffu and Mainnet Digital, BounceBit can also map on-chain assets to CeFi platforms to obtain additional revenue, such as through arbitrage strategies. BounceBit Prime: A Portal to Institutional-Grade On-Chain Yields Within BounceBit's ecosystem, BounceBit Prime stands out, dedicated to providing users with institutional-grade on-chain yield strategies. Prime offers institutional-grade on-chain yield strategies. BounceBit Prime is a product developed in collaboration with custodians and fund management institutions such as BlackRock and Franklin Templeton, allowing users to directly access the yields of tokenized real-world assets in a compliant manner. By partnering with top institutions like BlackRock, BounceBit Prime brings revenue opportunities from traditional financial markets into the blockchain world. For example, BounceBit has successfully piloted a Bitcoin derivatives strategy using BlackRock's tokenized U.S. Treasury Fund BUIDL as collateral, achieving significant annualized returns. This means that users can not only earn yields through Bitcoin re-staking but also participate in tokenized real-world asset (RWA) strategies supported by traditional financial giants through BounceBit Prime, thus obtaining a more stable and attractive source of returns. BounceBit is transforming tokenized RWAs into practical building blocks for on-chain capital markets, bringing broader utility and higher capital efficiency to digital assets.
$BNB has reached a new high, at that time I bought more than 9 BNB with alpha, and I actually made passive money. Looking at the current market, BNB breaking 1000 is really not a dream.
$ETH is also very powerful, the altcoin season is coming!
Today I went to Guangzhou to communicate with friends who are very good at playing with overseas traffic, and I gained a lot from it.
Let me share a bit, which is why some meme coins that have gone to zero can rise again. It turns out that there are speculators who specifically look for some meme coins that have gone to zero, buy up a lot of chips at a very low cost, then manipulate the market, collaborate with some web3 communities, conduct ground promotions, and even have KOLs shout about it, etc., to hype up this coin. When the heat rises, retail investors take over, and the speculators can slowly unload their holdings.
Although I had seen this kind of strategy before, understanding this matter from the perspective of others' projects and operators is still quite shocking. Wow, so this is how it works.
Finally, there is a Chad role in the @ArciumHQ Discord. Arcium is a parallel trustworthy computing network that can securely perform encrypted computations on data and protect user privacy in a decentralized computing network.
The essence of Web3 is to empower users with control, and "encrypted privacy" is a necessary tool to achieve this goal.
Without privacy, there is no true freedom and sovereignty.
1. This evening, I will attend the Buidl_Quest hackathon organized by @amber_ac in Nantuo Ancient City. The theme is AgentFi. Simply put, if you are a Web3 developer or have a product, you can sign up to participate in their hackathon, which offers ecological rewards, VC support, travel subsidies, potential investment opportunities, and more.
This is my first time participating in a Web3-oriented developer event, but I feel that there are very few real developers (I'm actually here to learn as well). I estimate that there are more potential investors here than developers.
I can sense that potential investors are quite eager to get involved, and they are very friendly to developers, offering various rewards. If there are good products, there will definitely be no shortage of funding and partners.
After all, in Web3, when the market is good, even air tokens are valuable. If there are tangible Web3 products + tokens, I believe there will always be retail investors willing to buy.
2. After the meeting, I had a conversation with @FUGUIHK Wang Fugui and learned how RWA is being implemented in Hong Kong (it's not feasible in the mainland).
3. By the way, Nantuo Ancient City is quite nice, with a rich historical and cultural charm. Although it is very commercialized, it doesn't feel overly commercial. It's like a modern city cosplaying as an ancient city, but not too obviously so, creating a relaxed atmosphere suitable for leisurely strolls.
4. After the meeting, I chose to walk 4km back to the Nanshan studio, measuring the city with my footsteps, and it felt pretty good.
Today I picked up the car and conveniently sold my Fit, which I had driven for 10 years and 150,000 kilometers. The X3 drives really well, stable on the highway, and although it's the low-end version, the power is absolutely sufficient. I found that features like automatic parking, start-stop, and lane departure warning are not very useful, I'm not used to them, so I turned off those features. The car is a bit large, and parking is not as carefree as the Fit.
Actually, I'm starting to regret it a bit; it's just a means of transportation, and I don't have high demands for material things. I was fomoed by my friends; If I had used the money for the car to buy $BTC , would I be able to buy two cars by this time next year?