社畜小迟

Hello everyone, I am Xiao Chi, a fan of Bitcoin ecology, and I am looking forward to communicating with my family here~

$BTC Tonight I experienced business competition for the first time

The Bitcoin native Layer 2 project Bitlayer, based on Bitcoin finality, announces the official launch of the third phase of the Head Mining Festival. Jointly initiated by @BitlayerLabs, @Rolldex_io, @DesynLab, @avalonfinance, @jaspervault, and @LorenzoProtocol, through daily treasure chest openings and random drops of a certain number of $BTR tokens, a total of up to 10 million $BTR rewards will be distributed to participants. A single treasure chest can yield up to 1000 $BTR. In addition to $BTR treasure chests, participating projects will also provide corresponding project points, tokens, and NFT rewards to benefit active community users. The event will last until November 30, and participants can join through the Bitlayer official website or other official partner portals, including platforms like UXUY Wallet, OKX Web3, Freee.xyz, Trusta Labs, OneKey, Ave.ai, Gate Web3, TokenPocket, and FoxWallet, by completing social and on-chain interaction tasks set by official and ecological projects to receive a chance to open a treasure chest for free. The rewards for this event consist of three parts: 1. Bitlayer will provide a total of 10 million $BTR tokens; 2. Ecological projects will offer additional incentives as follows: RollDex: $200,000 worth of $ROLL tokens Jasper Vault: leverage points jPoints, Moonlight Box NFT DeSyn Protocol: $500,000 worth of $DSN tokens Avalon Labs: 7500 Avalon points per person Lorenzo: 1,000,000 Lorenzo points 3. Bitlayer ecological joint badge: issued by a third party, with a total of 10,000 pieces, completed tasks are on a first-come, first-served basis, with rich gameplay and multiple rights to follow. Open treasure chests at the Head Mining Festival, eat and take, with a total of 10 million $BTR tokens, ecological project airdrops, and Bitlayer ecological joint badge rewards among many other rewards, the harvest is quite considerable, don’t miss out.

Dog to the moon

Binance's research report "Thoughts on High Valuation, Low Circulation" is well written, the data is very detailed, the thinking is very in-depth, and the format looks very comfortable. The following is my personal interpretation of the report. The main core points are as follows:
1. The structure of low circulation and high valuation has significantly inhibited the room for currency price increases. There will be 155 billion US dollars in tokens unlocked between 2024/2030, which will bring huge selling pressure.
2. Project parties need to make more rational decisions about the token economics design of the project to ensure long-term interests; VC is still important to the industry, but a more reasonable cooperation model is needed.
What I find more interesting is the thinking about this phenomenon, first of all for investors (retail investors):
1. Pay more attention to token economics and analyze possible selling pressure
2. Pay more attention to the product itself, such as whether the white paper is rigorous, whether the mainnet is online, and observing indicators such as daily activity.
3. Pay attention to the founder’s background and whether the community is active
For the project party (big cut):
1. Low circulation and high valuation may contribute to the initial price increase in the early stage, but in the long run, diamond hands (tied leek) may be under tremendous pressure due to the decline in currency prices, and the ecology will be in a state of collapse. Therefore, more careful attention is needed. Consider distribution of token economics and consider appropriate burning mechanisms
2. Products are the core of attracting users. Good products that fit the market are the intrinsic value of tokens in the long run.

Recently, Bitcoin NFT and Rune have been cold, so you might as well be more patient and wait for the flowers to bloom. When Bitcoin reaches a new high, the Bitcoin ecosystem will take off in an all-round way~

Pay more attention to the Bitcoin ecosystem, and you will have more

Everyone likes Merlin very much. Many people don’t know how profitable Merlin’s two new releases are. Let me calculate the profit rate for everyone: the cost of new releases is 0.02B, which was 900u at the time, and 460 Merlin coins were obtained. Calculated based on the off-site 2.8U ( Underestimated) 1288U, then two semicolons, you can get 180 Voya, currently a 7U, worth 1260U, we might as well count GAS as 50U, then the total cost is 1000U, we can get Merlin worth 1288U, Voya 1260U, 1340u BTC, adding up to 3880, with a yield of 288%, and it took three weeks. This is real data, and it is also the reason why many people love Merlin so much.