$OM This is for those like me who had a good experience with the project. Aside from this critical incident, I still believe that the project can recover. The vote in "X" from the person responsible for Mantra highlights the intentions to not let the token and the invaders die. Although this vote does not entail a decision, seeing the ideas on how to proceed in the face of this crisis is a good path.
I would like to propose 3 measures to regain trust in the project and I would like to know your opinion on this:
1) That a significant portion of the team's tokens be burned, although not in their entirety, definitely a good part.
2) That an airdrop be made for those affected before the collapse, this with screenshots and help from the team of #Binance so that it is a joint action that helps us regain trust in Mantra and makes it clear that Binance supports its community in such serious cases as the one that occurred with $OM
3) That at least for a year they reduce the release of tokens by half so that demand and inflation do not destroy the token's valuation, thus liquidity will become strong and we, its community, will too.
Tell me what you think of these ideas and share if you agree so that the Mantra team can take action.
#Vaulta The market may be somewhat unstable today, but one must have the strength to survive these onslaughts to secure a future with solid and strong foundations. An opportunity is looming, and it must be seized. Proceed with caution but do not miss out if the apple is in front of you.
1. Invites you to a party (transaction): "Let's transfer some tokens, it'll be fun!" 2. Asks for money for the entrance fee (gas fee): "Uh, I almost forgot, I need $5... $10... $20 to 'process' your fun" 3. Eats your sandwich (inflates the cost): "Hey, gas fees went up! It now costs $50 for your transaction to be 'processed quickly'" 4. Leaves you in debt (impact on your wallet): "Hahaha, I hope you had a budget for this... your wallet is thinner now!" 5. And still tells you it's cheap (compared to others): "Calm down! $50 is nothing compared to what other blockchains charge... you're lucky!"
The negative effects of the Gas Fee Impact are:
- Limits adoption and use of blockchain - Creates barriers to microtransactions - Promotes centralization in large transactions - Negatively impacts user experience
Virtual Whale refers to an entity or individual that controls a large amount of cryptocurrencies, but unlike traditional "whales" (institutional investors or millionaires), this wealth is:
1.Fictitious or inflated: not actually owned or incorrectly valued. 2.Distributed across multiple accounts: to hide true identity and control. 3.Used to manipulate markets: through coordinated operations to influence prices.
Tactics of Virtual Whales:
1.**Pump and dump**: inflate prices and sell for profit, leaving others with losses. 2.**Wash trading**: fictitious trades to create volume and deceive investors. 3.**Spoofing**: false orders to influence prices and confuse the market.
Consequences: - Destabilization of the crypto market - Financial losses for innocent investors - Damage to the reputation of the crypto industry
DETECTING VIRTUAL WHALES AND REAL CASES
How to detect Virtual Whale operations:
1.Anomalies in trading volume: sudden and significant increases in volume. 2.Suspicious order patterns: multiple identical or nearly identical orders. 3.Prices detached from fundamentals: prices that do not reflect the reality of the project. 4.Coordinated activity on social media: bombardments of tweets or posts with manipulated information. 5.Monitoring wallets and movements: suspicious transactions between related wallets.
Real cases of Virtual Whales:
1.Mt. Gox and Willy Bot (2013): a bot manipulated Bitcoin prices on the Mt. Gox exchange. 2.Tether and Bitfinex (2019): accusations of manipulating Bitcoin prices via Tether. 3.PlusToken (2019): a crypto Ponzi scheme that manipulated prices of various coins. 4.BitConnect (2018): another Ponzi scheme that manipulated prices of its own coin. 5. **Crypto Banker and Ethereum (2022)**: accusations of manipulating Ethereum prices by an anonymous "crypto banker."
1. **Successful merge**: transition to Proof of Stake (PoS) reduced energy consumption by 99.9%. 2. **Improved scalability**: shardings and layer 2 solutions like Polygon and Optimism. 3. **Increased security**: PoS reduces 51% attacks and improves resistance to centralization. 4. **Growing adoption**: companies like Microsoft, JPMorgan, and Visa use Ethereum. 5. **Active development**: large and active dev community, with many planned updates.
**Negative aspects and challenges:**
1. **Still high gas fees**: although improved, fees can be expensive for users. 2. **Competition from other Layer 1s**: Projects like Solana, Cardano, and Polkadot compete. 3. **Regulation and legal certainty**: There is still regulatory uncertainty in some countries. 4. **Centralization in validators**: Risk of centralization in PoS validators.
$LTC Litecoin, the silver light: "In the darkness of cyberspace, a silver star rises, Litecoin, Bitcoin's silent sister, its soft glow. With Scrypt as a spell, it protects its blocks from the dark shadow, 2.5 minutes of divine grace for fearless transactions. In Satoshi's kingdom, a princess of code and freedom, walks, Litecoin, the coin of the moon, lights the way to truth."
"In the dreams of Charlie Lee, its creator, a vision of a free currency was born, with the speed of a deer, silent as a ghost, Litecoin slips through the dark web. Its miners, warriors of the night, with armed hardware, fight for blocks, silver rewards await them, for keeping the chain true. In the market, a dance of shadows, buyers and sellers face each other, the price fluctuates like the tides, reflecting the confidence in its value. And you, user, will you join this order of bearers of the silver light?"
#LitecoinETF The arrival of the Litecoin ETF is like a lunar eclipse for the crypto market: a conjunction of dark and light forces.
It is coming because the US Securities and Exchange Commission (SEC) could soon approve Canary Capital's application.
Analysts see Litecoin as a viable candidate for approval, due to its status as a Bitcoin fork and a commodity. The approval of the ETF could trigger a surge in the price of Litecoin, thus breaking the cycle of financial darkness.
The darkness dissipates, revealing details of the Litecoin ETF.
- The Litecoin exchange-traded fund (ETF) proposed by Canary Capital Group has been added to the Depository Trust & Clearing Corporation (DTCC) list. - The ticker of the fund is LTCC and does not represent a regulatory approval, but it is a necessary step for its launch ¹. - Bloomberg Intelligence ETF specialist Eric Balchunas believes the probability of approval is 90%. - Approval could boost Litecoin adoption and liquidity in traditional financial markets.
#LitecoinETF It is possible that we enter a period of continuous declines as happened before the $BTC ETF. Then it might be a good idea to get a $LTC since each drop is taken advantage of and buy fractions or take a part in a drop and hold it until trading begins to see how much it goes up. Litecoin's path has really been long and slow compared to other currencies, but this news gives it a new lease on life and to leave its place as part of the founders of all this. I will try to get one since it is true that I took it out of my portfolio because its progress was very slow, although now I am considering buying one to keep it permanently and hope that its evolution is profitable in the medium term.
#TradeFiRevolution $BNB I asked this #IA about the subject, what she thought about it and this was what she answered:
"An invitation to merge finance and mysticism. From the cosmic side, TradeFi seems to me: - An attempt to break the chains of centralized control (the old "order") - A dance of code and capital that seeks balance in chaos (the financial yin-yang) - A reflection of the multiverse: multiple possible outcomes from a single investment. Do you think TradeFi is a rebellion against pre-written financial destiny?"
What do you think of her point of view? I'll leave it here for you to consult and see her options, which are undoubtedly very interesting
$ETH is one of the pioneers along with $BTC , but on the network there are those links that make people develop their potential and at the same time earn some money. On this occasion I would like to talk about the nft soccer game ⚽ called #sorare If you are a fan of the best sport in the world this game is the best, the competition system is very well designed and the rewards are very good and constant. You can earn eth if you manage to be at the top every week in their fun competitions. If you are interested, I invite you to play, you will undoubtedly have fun and maybe you will manage to earn some money 🫰
#CryptoLovePoems It was the first time and I was scared... The first leaf of the lemon tree fell and I thought of lemonade and its wise yellow told me "Plant a lemon tree and you will have an endless supply of lemonade" Years have passed and my lemon trees accompany me in my old age and to my children
$SOL #oportunidad I have a few billion in my Phantom wallet from a project that I find nice and fun. The project is $DNA and it has an interesting vision as well as being simple and friendly. If you like it, I invite you to check it out. At the moment, you can only find it in the #Solana. ecosystem. You can access it through the Phantom wallet. If you liked the information, share it and have fun 🙈
#BinanceAirdropAlert Another opportunity for profit for the holders of $BNB is coming tomorrow morning. Kaito is coming in a few hours. What do you think the starting price will be and how much do you think it will be a good idea to buy it for new investors? Leave your opinion here, the more information the better for everyone 😚