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ETH Holder 价值投资者 长期主义 偶尔行业产品研究 欢迎理性讨论 个人 X：EvanCrypto17
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Blockchain Traceability Vision
Aside from transfers, the only practical application that comes to mind for Ethereum or other chains is luxury goods traceability.
This is also why I chose to create a traceability system on Ethereum for my undergraduate design project. It's relatively simple, but the basic logic has been implemented.
Currently, there are several well-known traceability projects utilizing blockchain:
The Aura Blockchain Consortium initiated by LVMH. Although Aura supports Ethereum, it ultimately relies on a private chain to provide digital certificates for brands like LV and Prada.
Nike launched the CryptoKicks NFT in 2021, which was once very popular, binding NFTs to sneakers. However, it has basically stagnated now. The reason is that this method is difficult to adapt to mass-selling shoe models and is only suitable for use with a 'niche capital' approach. Once the NFT trend fades, this route will also cool down.
This is also why I chose to create a traceability system on Ethereum for my undergraduate design project. It's relatively simple, but the basic logic has been implemented.
Currently, there are several well-known traceability projects utilizing blockchain:
The Aura Blockchain Consortium initiated by LVMH. Although Aura supports Ethereum, it ultimately relies on a private chain to provide digital certificates for brands like LV and Prada.
Nike launched the CryptoKicks NFT in 2021, which was once very popular, binding NFTs to sneakers. However, it has basically stagnated now. The reason is that this method is difficult to adapt to mass-selling shoe models and is only suitable for use with a 'niche capital' approach. Once the NFT trend fades, this route will also cool down.
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Awarded to Sui —— "Master of Pancake Art"
Awarded to TON —— "Decentralized Geography Award"
Awarded to Sonic —— "White Paper Science Fiction Literature Award"
Awarded to Arbitrum —— "Layer2 TVL Champion" (Insider)
Awarded to Optimism —— "Layer2 Guild Leadership" (Insider)
Ethereum receives the final award: "I Love Decentralization, I Power My Life with Love Lifetime Achievement Award!"
The audience of retail investors wipes their tears while going all-in, keeping their achievements and names hidden.
Awarded to TON —— "Decentralized Geography Award"
Awarded to Sonic —— "White Paper Science Fiction Literature Award"
Awarded to Arbitrum —— "Layer2 TVL Champion" (Insider)
Awarded to Optimism —— "Layer2 Guild Leadership" (Insider)
Ethereum receives the final award: "I Love Decentralization, I Power My Life with Love Lifetime Achievement Award!"
The audience of retail investors wipes their tears while going all-in, keeping their achievements and names hidden.
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《Wow, He Issued a Token (WCT)》
WCT is a new token recently listed on Binance and OKX, and it is the token for the WalletConnect project.
Regarding WalletConnect, you might be more familiar as a Web3 developer since it is a foundational protocol that, as the name suggests, relates to connecting wallets.
How can we better understand this? We can compare it to Bluetooth and WiFi protocols. Bluetooth and WiFi facilitate communication between hardware like phones and computers.
WalletConnect does the same for communication between wallets and Dapps; this communication protocol has become very mature and unified within the Web3 industry.
When I program Dapps and need to call the wallet, I also use WalletConnect functions to implement it.
Such a basic and straightforward protocol has issued a token; why issue a token?
Silly, it’s obviously to make money, oh no… for “decentralization.”
Based on our analysis from yesterday, we can categorize WCT as a utility token, and the economics of utility tokens fit the logic of
“using tools to pay with tokens and staking tokens to earn rewards.”
Now let's look at WCT:
Token Generation: A total of 1 billion tokens directly written in the code
Token Utility: Not currently used as a means of actual payment (can be discussed later), but as a service node, a minimum of 100,000 tokens must be staked. Staking can yield new tokens, individuals, service nodes, and wallets can all stake.
Token Inflation: The initial unlocking period has a high inflation rate, and it is uncertain after unlocking is completed.
Distribution:
- 18.5% for airdrops
- 18.5% for the team
- 27% for the foundation (4% for Binance launchpool)
- 7% for core developers
- 17.5% for future staking rewards.
- 11.5% for early supporters (VC)
Among these, the team, core development, and VC will be locked for 4 years, while the foundation will have discretionary control.
It's not easy to crash, official sources, can you tell us if Team, Core Development, and WalletConnect Foundation are all “insiders”?
“If we are all insiders, then what? Come at me, you fool!”
In a bad market, everyone is issuing tokens; WalletConnect issuing a token is no less significant than the token issuance by the Fox Wallet.
$WCT
WCT is a new token recently listed on Binance and OKX, and it is the token for the WalletConnect project.
Regarding WalletConnect, you might be more familiar as a Web3 developer since it is a foundational protocol that, as the name suggests, relates to connecting wallets.
How can we better understand this? We can compare it to Bluetooth and WiFi protocols. Bluetooth and WiFi facilitate communication between hardware like phones and computers.
WalletConnect does the same for communication between wallets and Dapps; this communication protocol has become very mature and unified within the Web3 industry.
When I program Dapps and need to call the wallet, I also use WalletConnect functions to implement it.
Such a basic and straightforward protocol has issued a token; why issue a token?
Silly, it’s obviously to make money, oh no… for “decentralization.”
Based on our analysis from yesterday, we can categorize WCT as a utility token, and the economics of utility tokens fit the logic of
“using tools to pay with tokens and staking tokens to earn rewards.”
Now let's look at WCT:
Token Generation: A total of 1 billion tokens directly written in the code
Token Utility: Not currently used as a means of actual payment (can be discussed later), but as a service node, a minimum of 100,000 tokens must be staked. Staking can yield new tokens, individuals, service nodes, and wallets can all stake.
Token Inflation: The initial unlocking period has a high inflation rate, and it is uncertain after unlocking is completed.
Distribution:
- 18.5% for airdrops
- 18.5% for the team
- 27% for the foundation (4% for Binance launchpool)
- 7% for core developers
- 17.5% for future staking rewards.
- 11.5% for early supporters (VC)
Among these, the team, core development, and VC will be locked for 4 years, while the foundation will have discretionary control.
It's not easy to crash, official sources, can you tell us if Team, Core Development, and WalletConnect Foundation are all “insiders”?
“If we are all insiders, then what? Come at me, you fool!”
In a bad market, everyone is issuing tokens; WalletConnect issuing a token is no less significant than the token issuance by the Fox Wallet.
$WCT
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Is Token Unlocking Really Important for Price?
"The unlocking of VC tokens is really cursed; they can't be bought out! They simply can't be bought out!"
Is there really a strong correlation between price and token unlocking? I have organized the relationship between the unlocking events of the top 200 market cap classic VC tokens and their prices.
Let's compare the token prices with ETH prices to see what results we can get.
The first type:
Represented by 1INCH, AVEO, ARB, JTO, SOLV, STRK, DYDX, Etherfi, ONDO
These tokens have fallen since their first large unlocking, and the current price has not effectively exceeded the price at the time of the first token unlocking.
The second type:
Represented by APT, EIGEN, W, there is not much relationship between token unlocking and price.
Is there really a strong correlation between price and token unlocking? I have organized the relationship between the unlocking events of the top 200 market cap classic VC tokens and their prices.
Let's compare the token prices with ETH prices to see what results we can get.
The first type:
Represented by 1INCH, AVEO, ARB, JTO, SOLV, STRK, DYDX, Etherfi, ONDO
These tokens have fallen since their first large unlocking, and the current price has not effectively exceeded the price at the time of the first token unlocking.
The second type:
Represented by APT, EIGEN, W, there is not much relationship between token unlocking and price.
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《Web3 VC Indicator Reorganization! Insight into which VC's invested projects can be listed on major exchanges?》
Spend another 24 hours organizing, striving for perfection! Hope everyone finds the content more detailed and comprehensive!
In the previous issue, we only selected three exchanges: Binance, OKX, and Coinbase. This time we updated the listing rates for Bybit and Upbit, improving the metrics for better statistical results.
In this issue, we updated:
- Unaccounted VCs
- Increase Bybit listing rate
- Increase Upbit listing rate
- Average listing rate of VCs
- Excellent VC evaluation
- More objective quantitative scores
- More intuitive UI interface
A total of 73 VCs were selected, including 35 domestic VCs, 30 foreign VCs, and 8 exchange VCs.
In the previous issue, we only selected three exchanges: Binance, OKX, and Coinbase. This time we updated the listing rates for Bybit and Upbit, improving the metrics for better statistical results.
In this issue, we updated:
- Unaccounted VCs
- Increase Bybit listing rate
- Increase Upbit listing rate
- Average listing rate of VCs
- Excellent VC evaluation
- More objective quantitative scores
- More intuitive UI interface
A total of 73 VCs were selected, including 35 domestic VCs, 30 foreign VCs, and 8 exchange VCs.
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《Two key factors that make Monad reach 10,000 TPS》
One is MonadBFT consensus algorithm created by Monad, and the other is local mempool #Monad #ETH
Let’s talk about the consensus algorithm first. The figure shows the most traditional synchronous BFT algorithm:
(i) C acts as a client and sends the block transaction message to master node 0 (request)
(ii) 0, as the master node, sends a message to 1, 2, and 3, telling them, “I agree with the transactions in this block. Do you agree?” (pre-prepare/proposed)
(iii) 3 does nothing and does not respond, but 1 and 2 also tell the other 3 nodes that they agree with 0’s proposal. At this point, most nodes actually agree with 0. (prepare/voted)
Let’s talk about the consensus algorithm first. The figure shows the most traditional synchronous BFT algorithm:
(i) C acts as a client and sends the block transaction message to master node 0 (request)
(ii) 0, as the master node, sends a message to 1, 2, and 3, telling them, “I agree with the transactions in this block. Do you agree?” (pre-prepare/proposed)
(iii) 3 does nothing and does not respond, but 1 and 2 also tell the other 3 nodes that they agree with 0’s proposal. At this point, most nodes actually agree with 0. (prepare/voted)
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Is the one-click mining project Nexus worth our participation?
Recently, the Nexus @NexusLabs project has gained a lot of attention due to its airdrop interaction convenience of 'one-click mining' and the project's huge prospects, so I specially searched for information to learn about it, and here I share it with everyone. #Nexus #NEX #zkVM
Nexus claims to be a large-scale parallelized ZK (zero-knowledge) mining network, co-founded by Daniel Marin, Jens Groth, and others, all of whom have strong backgrounds in computer science and cryptography.
Since the project started in 2022, it has raised a total of 27.2 million USD, led by well-known VCs such as Pantera Capital and Dragonfly.
Nexus claims to be a large-scale parallelized ZK (zero-knowledge) mining network, co-founded by Daniel Marin, Jens Groth, and others, all of whom have strong backgrounds in computer science and cryptography.
Since the project started in 2022, it has raised a total of 27.2 million USD, led by well-known VCs such as Pantera Capital and Dragonfly.
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"The market value of stablecoins keeps breaking new highs. What opportunities do ordinary people have?"
Since August 2023, the market value of stablecoins has skyrocketed by about 100%, and the growth trend has not slowed down at all.#USDT#USDC #USDe
As of now, the total market value of stablecoins worldwide is US$225.3 billion, surpassing the total market value of General Electric and ranking 67th in global assets.
Ark Capital even predicts that stablecoins will grow at a compound annual rate of 38% by 2030.
Therefore, we have reason to take a deeper look at the tokens and projects in this field, and look for opportunities and financial management methods that ordinary people like us can participate in.
I have compiled the basic information, financial returns, and associated tokens of the top 10 stablecoins by market value (in order of ranking) for your reference.
As of now, the total market value of stablecoins worldwide is US$225.3 billion, surpassing the total market value of General Electric and ranking 67th in global assets.
Ark Capital even predicts that stablecoins will grow at a compound annual rate of 38% by 2030.
Therefore, we have reason to take a deeper look at the tokens and projects in this field, and look for opportunities and financial management methods that ordinary people like us can participate in.
I have compiled the basic information, financial returns, and associated tokens of the top 10 stablecoins by market value (in order of ranking) for your reference.
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《A New Paradigm for Wallets! Safe ($SAFE) Analysis and Token Fundamentals》
Wallets are essential infrastructure in Web3. Whether for DeFi interactions, meme transactions, or basic transfers, everyone needs a wallet to connect to the Web3 world. I have previously organized the classification of wallets (Web3 Wallet Guide), and to better understand Safe, I recommend reading my previous articles in advance.
Wallets that are frequently used, such as Binance Wallet and Metamask, are controlled by single corporate entities, while Safe has directly moved the wallet on-chain, achieving stronger functionality and interaction experience, while ensuring decentralized characteristics.
Wallets that are frequently used, such as Binance Wallet and Metamask, are controlled by single corporate entities, while Safe has directly moved the wallet on-chain, achieving stronger functionality and interaction experience, while ensuring decentralized characteristics.
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Surging 470 times? Can $OM still be bought?
OM, after hitting a low of 0.017 on October 12, 2023, has since skyrocketed to about 8u, an increase of approximately 470 times, which stands in stark contrast to the currently declining market, thus sparking widespread discussion.
Nowadays, some say OM is a strong whale coin, while others claim OM should start at least 10u. How the market will develop remains to be seen, but let's first understand what this token is all about before discussing the opportunities and risks of investing in OM. #OM #MANTRA @MANTRA_Chain
📌 How did $OM come about?
OM is the token on the Mantra Chain, which was founded in Hong Kong in 2020 by John Patrick Mullin, who graduated from Tongji University.
Nowadays, some say OM is a strong whale coin, while others claim OM should start at least 10u. How the market will develop remains to be seen, but let's first understand what this token is all about before discussing the opportunities and risks of investing in OM. #OM #MANTRA @MANTRA_Chain
📌 How did $OM come about?
OM is the token on the Mantra Chain, which was founded in Hong Kong in 2020 by John Patrick Mullin, who graduated from Tongji University.
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Arbitrum BoLD upgrade, can permissionless verification help $ARB reverse its price decline? (Technology is awesome, but the token is garbage?)
On February 13, Arbitrum, which has been ridiculed for its "great technology but rubbish tokens", successfully completed the mainnet upgrade of BoLD technology, taking a key step towards permissionless verification.
At the same time, L2Beat upgraded Arbitrum’s status verification level from yellow to green. The Arbitrum upgrade is an important advancement for the Arbitrum ecosystem, and we have reason to pay attention and learn.#ARB#ETH #BoLD
To understand BoLD, we must first understand the basic logic of Arbitrum's Fraud Proofs. Fraud Proofs adopt the "most optimistic assumption", that is, all transactions are honest by default, unless a node finds a problem and challenges the block packager.
At the same time, L2Beat upgraded Arbitrum’s status verification level from yellow to green. The Arbitrum upgrade is an important advancement for the Arbitrum ecosystem, and we have reason to pay attention and learn.#ARB#ETH #BoLD
To understand BoLD, we must first understand the basic logic of Arbitrum's Fraud Proofs. Fraud Proofs adopt the "most optimistic assumption", that is, all transactions are honest by default, unless a node finds a problem and challenges the block packager.
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In the world of numbers, the stars shine brilliantly,
The brilliance of Bitcoin pierces through space and time,
The chains of Ethereum surround the endless horizon,
Every smart contract is a declaration of love.
The dog smiles, stirring the heartstrings,
The warmth conveyed transcends its own virtuality.
In the world of blockchain, there are no lonely nights,
Every transaction is the rhythm of a heartbeat,
Love and poetry will never fade in this network.
Crossing the distance of code,
We meet on the chain, empowering each other.
No matter the storms or the passage of time,
My love for you is as eternal and unchanging as blockchain.
#CryptoLovePoems💖
The brilliance of Bitcoin pierces through space and time,
The chains of Ethereum surround the endless horizon,
Every smart contract is a declaration of love.
The dog smiles, stirring the heartstrings,
The warmth conveyed transcends its own virtuality.
In the world of blockchain, there are no lonely nights,
Every transaction is the rhythm of a heartbeat,
Love and poetry will never fade in this network.
Crossing the distance of code,
We meet on the chain, empowering each other.
No matter the storms or the passage of time,
My love for you is as eternal and unchanging as blockchain.
#CryptoLovePoems💖
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Lido ($LDO) V3 introduces StVault. Can it get ahead of the game by staking Ethereum ETF?
On February 11, Lido @LidoFinance, the largest liquidity pledge protocol on Ethereum, announced the V3 version upgrade and launched the StVault pledge vault for institutional users;
Just two days later (February 13), asset management giant 21Shares submitted the staking function of the Ethereum ETF to the SEC. The close connection of the timeline has to make me guess: Lido should have known the regulatory trend in advance, and this V3 upgrade is to take over a compliant channel for ETF staking traffic. #LDO #ETH #ETF
Regarding the principle of Lido ($LDO ), please refer to an article I wrote before, and I will not repeat it here.
Just two days later (February 13), asset management giant 21Shares submitted the staking function of the Ethereum ETF to the SEC. The close connection of the timeline has to make me guess: Lido should have known the regulatory trend in advance, and this V3 upgrade is to take over a compliant channel for ETF staking traffic. #LDO #ETH #ETF
Regarding the principle of Lido ($LDO ), please refer to an article I wrote before, and I will not repeat it here.
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The next “real” superstar project? Let’s talk about the ZK project Succinct
A few days ago, in the article I wrote about the interoperability of all Layer2 of Ethereum, I mentioned that the Ethereum Foundation convened a meeting with a large number of project parties, among which Succinct attended as a stranger. At the same time, Brother Mao also raised questions about Succinct, which aroused my interest.
What is the relationship between Succinct and Layer2? What kind of project is Succinct that is as important as Arbitrum, Optimism, and Polygon? Let's talk about Succinct today.#Succinct#Layer2 #ETH
Succinct is a network that provides ZK proof conversion and supports ZK-ization of programs and information.
What is the relationship between Succinct and Layer2? What kind of project is Succinct that is as important as Arbitrum, Optimism, and Polygon? Let's talk about Succinct today.#Succinct#Layer2 #ETH
Succinct is a network that provides ZK proof conversion and supports ZK-ization of programs and information.
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Ten Years of Growth — The Inside and Out of the On-Chain Fed MakerDAO ($MKR) Upgrade to Sky (Part 1)
When I was browsing Coingecko recently, I noticed that the stablecoin USDS has jumped to the 23rd place in the market capitalization ranking. Curious, I did some research and found out that USDS is an upgraded version of DAI, and the MakerDAO protocol behind it has also been upgraded to Sky.
#DAI #MKR #SKY #USDS
Let’s first take a look at MakerDAO, and then talk about upgrading Sky. This article is divided into two parts:
Previous article: MakerDAO’s product structure and principles
Next article: Sky's product structure and upgrade content
Today let’s talk about the previous article - the product structure and principles of MakerDAO.
#DAI #MKR #SKY #USDS
Let’s first take a look at MakerDAO, and then talk about upgrading Sky. This article is divided into two parts:
Previous article: MakerDAO’s product structure and principles
Next article: Sky's product structure and upgrade content
Today let’s talk about the previous article - the product structure and principles of MakerDAO.
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Understanding the new field DeFAI: Can AI's torch reignite DeFi?
Do you find it difficult to use DeFi tools like Aave, Uniswap, Morpho, etc.? Then you might need DeFAI! #Aİ #defi #Aixbt #DeFAI
DeFAI (Defi + AI) is the fusion of emerging AI technology and the traditional art of blockchain DeFi, allowing users to interact better and faster in the DeFi world, gaining profits, etc.
In the Web2 world, abstraction means using Chatgpt or Deepseek to help you open a stock trading account and predict the stock market. The two large models can help ordinary users save a lot of effort in understanding the 'account opening process' and 'buying stock tutorials', while also assisting users in decision-making.
DeFAI (Defi + AI) is the fusion of emerging AI technology and the traditional art of blockchain DeFi, allowing users to interact better and faster in the DeFi world, gaining profits, etc.
In the Web2 world, abstraction means using Chatgpt or Deepseek to help you open a stock trading account and predict the stock market. The two large models can help ordinary users save a lot of effort in understanding the 'account opening process' and 'buying stock tutorials', while also assisting users in decision-making.
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In the era of data supremacy, let's talk about how theGraph ($GRT) can serve as the data center for the blockchain world?
I have previously developed using theGraph, which is very user-friendly and inexpensive, but I have never understood the internal principles. This time, I will learn together with everyone.
To understand theGraph, one must first grasp a concept called 'indexing.' For those familiar with SQL databases, this is easy to understand; for novices, an analogy can be made:
Looking up a dictionary, you cannot flip through the pages every time you search for a character; instead, you first locate the page by finding the pinyin or radical, then look up the character itself. This significantly improves your efficiency in looking up characters.
To understand theGraph, one must first grasp a concept called 'indexing.' For those familiar with SQL databases, this is easy to understand; for novices, an analogy can be made:
Looking up a dictionary, you cannot flip through the pages every time you search for a character; instead, you first locate the page by finding the pinyin or radical, then look up the character itself. This significantly improves your efficiency in looking up characters.
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WTF! The entire Ethereum L2 will be seamlessly connected soon?
A few days after Vitalik mentioned "L2 integration" in his Ethereum development goals for 2025 on January 23, Arbitrum's parent company Offchain has made another big announcement.#ETH#ARB #OP
Offchain wants to achieve interoperability between chains in the Arbitrum ecosystem, first integrating the entire Arbitrum chain into one chain, and then expanding to other L2s of Ethereum.
Regarding Arbitrum, there are One, Nova, and many other L3s such as Apechain, XAI, etc. The most commonly used one should be Arbitrum One.
For details, please see the previous tweets on Arbitrum and Optimism on my homepage.
Offchain wants to achieve interoperability between chains in the Arbitrum ecosystem, first integrating the entire Arbitrum chain into one chain, and then expanding to other L2s of Ethereum.
Regarding Arbitrum, there are One, Nova, and many other L3s such as Apechain, XAI, etc. The most commonly used one should be Arbitrum One.
For details, please see the previous tweets on Arbitrum and Optimism on my homepage.
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Ethereum RWA dream shattered? Ondo chain seals the deal.
It never rains but it pours! When many people were counting on RWA to save the recent Ethereum liquidity crisis, the emergence of Ondo chain undoubtedly closed this door.
#ONDO#RWA#ETH
For more information about the Ondo project and RWA, you can refer to my previous articles on the homepage
After Ondo Global Market, the project announced the arrival of Ondo chain two days later.
Ondo chain is an L1 chain designed specifically for institutional RWA and is a full Omnichain chain.
Omnichain, in simple terms, is interoperable with other large public chain assets. If Ethereum, Solana, Sui, etc. are compared to large cities, then Omnichain can be understood as the roads and sewers between cities.
#ONDO#RWA#ETH
For more information about the Ondo project and RWA, you can refer to my previous articles on the homepage
After Ondo Global Market, the project announced the arrival of Ondo chain two days later.
Ondo chain is an L1 chain designed specifically for institutional RWA and is a full Omnichain chain.
Omnichain, in simple terms, is interoperable with other large public chain assets. If Ethereum, Solana, Sui, etc. are compared to large cities, then Omnichain can be understood as the roads and sewers between cities.
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