(This week's golden dogs caught by the group: 1900x #bubb with a maximum market value of 38 million USD 47x #luxun 55x #QUQ And so on)
⚠️Carefully read the pinned scanning methods and tools:
The group's golden dog monitoring is just a tool to assist in chain scanning, used to observe the movements and trends of smart money on the chain, not necessarily to buy. You need to quickly scan the chain and then make a decision. When a contract is issued, here are the things that must be completed quickly: 👉
1️⃣ Check the safety of the contract. There is a problem with EVM chains; if you authorize a malicious contract, your wallet may be emptied. Therefore, it is essential to check the contract's security. If you find suspicious contracts that are airdropped, refuse to authorize them. Do not be greedy for small advantages. Be responsible for your wallet!
2️⃣ Quickly search Twitter for the contract and name to check and summarize the narrative.
3️⃣ Check the chip structure for a large amount of wash trading (front-run characteristics, association situations, balances, etc.)
The above operations may take beginners 2-3 minutes, but once mastered, you can control your time within 30 seconds and then allocate positions based on the judgment results. If you finish scanning the chain and still don't understand, feel free to ask group friends. @Yi He @CZ
------------ ⚠️Position Management:
1️⃣ No FOMO! If it's too high, don't chase it; there will be many opportunities. 2️⃣ Do not have obsessions! You don't necessarily have to double your investment to break even; if you feel the trend is wrong, you can exit immediately. 3️⃣ Withdraw profits and keep your position within your comfort zone to avoid being carried away.
------------ ⚠️Precautions:
1️⃣ Directly posting contracts in the group is prohibited. Please include the narrative or issues encountered after scanning the chain. Scanning collaboration emphasizes effective communication. If you post contracts directly twice, you will be removed. 2️⃣ Do not encourage FOMO among group members; make rational decisions. 3️⃣ Do not buy too much for market caps below 200-300k; do not compete with the market makers for chips, as it harms both parties; the market makers will directly give you losses.
------------- BSC Chain Scanning Group, please search for @OrdzWorld on Twitter to see.
Opening - The future is on-chain. The on-chain market share has gradually increased after the meme explosion, from less than 10% at the start, exploding through zoo animals, AI, celebrities, and Trump, to a market share exceeding 25%. Although memes have been affected by Trump coins, they still maintain high activity. On the other hand, CEX's VC coins peak upon launch, with many old coins starting to decline, forcing users to migrate on-chain. Therefore, it is expected that the future will certainly be an on-chain era. The share of the chain market will coexist highly with CEX, and of course, it’s the cycle of all-chain Alpha. The concept of the chain will become blurred, as the infrastructure has improved, and funds from different ecosystems are interconnected. It all comes down to product and operational capabilities; fortunes change.
Continuous PvP plates will only make the market smaller
The results of SOL are clear to everyone
So on BSC, we must have a consensus to promote some worthy IPs
Instead of a thousand angles of hard exploitation
What constitutes a good IP can be viewed in many ways, but fundamentally, this meme has a broad base for easy dissemination, has enough stories to tell, can lead to secondary creations, represents a culture, and can drive some meaningful initiatives
Why is it able to rise? Can't understand the narrative? #BUBB
(Wide fluctuations moving upward to 6m, not a quick pass)
The two essential main points:
1️⃣ This is a dev with the ability to continuously output artistic products, similar to the previous BOME
2️⃣ Currently, BSC urgently needs different types of memes to change the environment; every day CZ and the surrounding A-listers have become boring. $bubb can be considered the first artistic meme on BSC. (The demand is there, but it still depends on the attitude of @Yi He @CZ , whether they are willing to support)
Additionally, by checking the official works, you can find that the artist's style has infinite extensibility and combinable attributes, supporting infinite creations by him or the community.
Playing #mubarak has freed another one, congratulations!
What is rare is that he understands how to take profits and secure gains!
On-chain opportunities are everywhere, and now the infrastructure is very well-developed, information is transparent, and dissemination speed is very fast. As long as you are willing to work hard and improve your ability to capture early information, you can quickly enter the entire chain's Alpha.
#bitdog and Confucius #IConfucius both increased by over 3 times, and they gave you enough time to get on board
Previously, the liquidity was a bit lacking, but ever since the great wizard announced the lead investment #OdinFun , it's felt noticeably more active on-chain
Now there really is something to play with! Keep scanning the chain
Newcomers playing Odin Fun don't know which meme to buy?
Share some gameplay experience
First of all, when brc20 came out, everyone was very curious, and there were endless tricks every day, similar to the current Odin Fun, so my choice was
First, I bought the leading token Ordi with a large position, a part of the position was used flexibly for other tokens, and another part was invested in community-driven projects that I would buy a bit of and hold long-term (btc ecosystem often rewards diamond hands 💎👋 )
Later, when brc20 exploded, I sold whatever was rising, just selling in batches
Although this trading strategy may not maximize profits, it is very stable and can capture the benefits of the market
So now you know how to operate, right? #ODINDOG Wishing us all great results
The Dfinity Foundation has stepped in, strongly supporting Odin Fun founder Bob.
I hope the foundation not only works hard on marketing and communication but also puts effort into market making, such as entering the leading #ODINDOG (some project teams only know how to do one thing, giving away free tokens endlessly, which only shows their lack of skills). After all, this is one of the few opportunities to achieve a win-win situation, Dfinity, seize this opportunity!
I have always believed that Odin Fun possesses a kingly aura, with a fairer and more transparent mechanism and a smoother product experience. Odin is set to connect not only Bitcoin meme coins but much more!
Odin is upgrading to a new version, adding tools like an on-chain visualization interface, opening up Runes, Sol/BTC, and Odin's liquidity will truly explode; currently, it is still in the baby stage.
“We wanna go BIG! to be the world's first and greatest Bitcoin-denominated DEX.” — Bob
Today Odin Fun was the subject of black rumors, causing a huge uproar
Interpretation of Odin Fun's security mechanism:
Analysis of BTC ecosystem expansion and Odin's security mechanism
1. The security of Odin and BTC <> ckBTC
The 1:1 exchange between BTC and ckBTC is based on the threshold signature scheme (TSS) technology of #ICP, ensuring high security. Unlike traditional cross-chain bridges, TSS splits the private key and randomly rotates its custody among 12 of the 34 nodes in the #ICP subnet; hackers need to breach 12 nodes within one hour to obtain the private key, which is extremely difficult. Additionally, all nodes are real-name licensed, having been approved by the DAO and the DFINITY Foundation, and are distributed globally, further reducing the risk of malicious actions.
2. Efficiency of deposits and withdrawals and analysis of run risks
The exchange between BTC and ckBTC relies on the Bitcoin mainnet, and the speed of deposits and withdrawals during peak times is inevitably affected by the mainnet speed. However, due to the 1:1 smart contract guarantee, each ckBTC is backed by native BTC, and the private key is protected by TSS, theoretically eliminating acceptance risk. This mechanism is fundamentally different from asset acceptance in centralized exchanges, enhancing the security and transparency of BTC ecosystem asset liquidity.
3. Factional debates within the Bitcoin ecosystem
There are four main viewpoints in the market regarding whether Bitcoin should have an 'ecosystem':
(a) Laser-eye maxi: Opposes a financial ecosystem, advocating that BTC should be stored in cold wallets, rejecting any non-BTC engravings, believing it adds network junk.
(b) Native mainnet, non-financial faction: Accepts the existence of native mainnet tokens but opposes financialization, supporting cultural and collectible attributes, such as Ordinals NFTs.
(c) Native mainnet, financial faction: Supports a variety of tokens and financial activities but requires transactions to occur on mainnet L1, recognizing mainnet assets like $ordi and $sats, but expressing skepticism about sidechains and exchanges deviating from the mainnet.
(d) Expansion solutions (sidechain/L2) faction: Believes the mainnet L1 limitations need to be expanded, supporting technologies like #ICP chain integration, balancing efficiency and decentralization. Current projects such as Odin, Omnity, Liquidium, Tap Protocol, etc., all adopt this technology.
Each viewpoint has its validity, and the diverse products of the BTC ecosystem aim to address different user needs, allowing users to choose and adhere to their beliefs based on their own philosophies.
2. There was an error in our deposit synchronization code, which caused some users' balances to be greater than the amounts they deposited. This is why no one could find the 74 BTC deposit transaction on-chain. Everything has been fixed approximately 12 hours ago (check the balances of the 74 BTC users; it has returned to normal).
3. All user funds are safe. No user has suffered any direct loss due to this error.
Deeper technical aspects:
1. When users deposit funds, they deposit them into a threshold signature set. This is a decentralized 12/34 threshold signature setup that protects the BTC provided by the Internet Computer Protocol.
2. The funds are then sent to the ODIN•FUN smart contract. This is the ~91 BTC amount that people have been sharing. This is the accurate representation of BTC in the platform. Again, all user BTC is pegged 1:1 with the BTC in the Odin platform. The 74 BTC deposit did not show up here due to the deposit synchronization error I mentioned above.
Moving forward:
1. We are improving the ODIN•FUN front end to provide deposit and withdrawal statuses (pending, confirmed, credited) along with links to the explorer so you can track the trail of your funds (completely decentralized and on-chain).
2. We are continuing to strengthen our smart contract code, API, and indexer through internal and external reviews and audits, thereby improving our code.
3. We are enhancing the processes for larger BTC amounts on the platform. This means you may need to wait for additional confirmations for larger deposit or withdrawal amounts to increase platform security.
#ODINDOG A big bullish candle, thousands of troops come to meet! 🚀
#OdinFun 5-week trading volume has reached 136 million USD! With 50,000 daily active users
Odinals NFT and runes have also been boosted, Bitcoin frogs, big geese, and bitmap have all risen significantly
Looking forward to the leading Odin Dog breaking 100 million soon, market attention and liquidity will explode even more. The 'dignity' of the BTC ecosystem is self-given, let's work together on consensus, LFG!
1️⃣ Why does the BTC ecology need to upgrade from 1.0 to 2.0? The core reason for the BTC ecology's transition from 1.0 to 2.0 is to address two major pain points: Outflow of minting fees Taking $sats as an example, with an initial market value of 21 million, all fees during the minting process flow to miners, preventing funds from being retained within the ecology, which limits long-term development. Network congestion and high costs The transaction speed of the BTC Layer 1 network is slow, and Gas fees are high, limiting user interaction experience and capital liquidity, further hindering ecological expansion.
2️⃣ How does OdinFun break through these limitations? Automatic liquidity pool creation mechanism Once the token minting is 100% complete, the system automatically creates a liquidity pool, with funds directly retained within the ecology, enhancing liquidity depth and preventing capital outflow. 0 Gas experience, lightning-fast transactions ⚡️ No need to pay Gas fees, transaction speed significantly increased, avoiding complex EVM operations and sandwich attacks, providing users with an extremely smooth experience. Currently, the annualized return of the liquidity pool reaches 1000%-2000%, and the transparent incentive mechanism will promote healthy growth of the ecology.
3️⃣ How does OdinFun bring the BTC ecology into 2.0? The OdinFun mechanism precisely addresses the two long-standing core issues in the BTC ecology, becoming an important driving force for the upgrade to 2.0. Retaining minting fees: Automatic pool creation allows minted funds to settle within the ecology, enhancing liquidity and sustainability. Liquidity breakthrough: 0 Gas transactions improve capital utilization efficiency, lower user thresholds, and promote ecological prosperity. In addition, OdinFun will also support legacy rune integration in the future, be compatible with BTC protocols such as BRC20 and ARC20, and even connect ETH and SOL ecologies, promoting multi-chain interoperability.
4️⃣ The future of the BTC ecology: One Chain for All According to recent data from Bob @BobBodily, the performance of the OdinFun mechanism is exceptionally bright, and the BTC ecology is undergoing a profound transformation. Currently, OdinFun is still in its very early stages, and the leading project Odin Dog #ODINDOG has not yet exceeded a market value of 100 million USD, while the market space for the BTC ecology is vast, with unlimited development potential. In the future, OdinFun may become the core infrastructure of the BTC ecology, driving it towards a true "One Chain for All" era and becoming the next phenomenon of explosive growth.