愉悦 Yuyue

I saw that everyone has been sharing their social airdrops from @sign these past few days. I just remembered to check, I also have pig trotter rice 😂. As it stands, besides social airdrops, regarding other airdrops:

- The airdrop order for Binance Alpha is 1,500 coins, which is also a large pig trotter rice.
- For the NFT airdrop, to be honest, I received 10 NFTs with 2,100-2,300 ETH, with a cost around 2.5-2.8E. At that time, I was too FOMO and gambled on the airdrop, which ended up being a failure. However, what was allocated can still be considered substantial, as each NFT this time had 47,500 coins; if it were in the past market conditions, I would definitely be able to make some profit.

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1B more back, I hope that after $SIGN goes live, it can follow the upward trend like $INIT 🥲. This is also currently the first airdrop of a points system that has gone live on Binance Alpha before TGE.

Sigh, how can one achieve both sides in this world? The airdrop distribution of Sign can be considered balanced between the exchange's part and the community's part.

When the AI sector is chaotic on weekends, I came across the data labeling platform upgrade of @SaharaLabsAI in the Pre TGE project, which I found quite interesting. Moreover, it's an activity where you can immediately receive positive feedback (cash).

In the first phase, in collaboration with @myshell_ai, you can earn Sahara Points and $Shell token rewards just by recording a 5-minute screen. The reward pool contains 200,000 data points, and it's a first-come, first-served model where you can benefit multiple times.

The data labeling model here at Sahara is actually quite innovative: AI projects need data, and you can earn tokens by labeling it, with the value flowing back. The platform, users, and projects can all win together.

Moreover, it can empower almost all Crypto + AI projects; AI Agents, large models, and so on should all be applicable. Many Crypto + AI projects often talk about building ecosystems and infrastructure, but they seem too far removed from individual investors. This activity somewhat reveals Sahara's ambition, which is that in the future, ordinary users may also get a share and participate, allowing AI applications to return the value of data to ordinary data labelers in terms of business models.

If you want to give it a try, you can check the guide (link in the comments). Is it hard to operate directly on DSP? Do you need a technical background? Is there anyone already working on this who can share their insights?

This year's biggest expectation is $WLFI

WLFI ≥ The union of all DeFi!

Fight for world free finance! @worldlibertyfi

Do you think the counterfeit season has arrived?
Is this time different?

Don't sleep, today's large pork knuckle rice is here again. The new phase of Binance IDO @okzoo_app starting at 4 PM Beijing time is quite interesting. Let's discuss the new participation mechanism of this phase and the project itself, and finally, I have some side remarks about potential airdrop design trends in the coming months.

1️⃣ Analysis of the new participation mechanism in this phase
The participation requirement for this phase is: at least 45 points
- Binance Alpha Points, this point system is based on users' activity in the Binance wallet (such as trading, participating in events, etc.) rather than merely the balance ratio. P1 is a guide for checking points.
- P2 is a chart that briefly introduces how an individual retail investor can interact to acquire points, chart source @softlipa1018, thanks for the organization.

This points mechanism is also being used for the first time. For a long time, Binance IDOs have become a low-cost way to farm, resulting in many projects' tokens being handed over to studios with no cost or even low cost. Moreover, users participated in IDOs based on Binance's endorsement rather than the quality of the projects themselves, leading to a negative spiral where tokens got dumped immediately after launch.

Although I feel that the projects on Binance IDO are 'mixed quality,' many previous IDO projects were greatly affected by this. After participation, they did not gain users or reward a real community, which is a complete exploitation of resources.

As for the points mechanism, what are its advantages and disadvantages:
- The advantage is that it can effectively promote the adoption of the Binance wallet.
- The disadvantage is that after the rules are transparent, studios can target score farming. If the IDO rules remain unchanged and qualification is based on points, future project airdrop tokens will again fall into the situation where studios obtain the tokens and dump them immediately.

This is a problem that Binance needs to consider carefully. I have always believed that how to allow the industry to develop better is Binance's responsibility. However, the current IDO model is also a double-edged sword. Balancing 'adoption of the Binance wallet - Binance's own interests,' 'distribution of project tokens - the interests of the project party,' and 'user participation rewards - the interests of real community users' all impacts the future development of the industry.

2️⃣ The first phase of the points mechanism project @okzoo_app
As the IDO project under the first phase of the points mechanism, the participation performance of this project will directly affect the expectations of subsequent projects using the points mechanism. So let's see what this project is actually doing.

- The most important token economics
-- From the IDO allocation perspective, the IDO portion is 20,000,000 $AIOT, accounting for 2% of the total supply.
- An additional 10,000,000 $AIOT will be used for future market promotion.

In other words, from the current public information, the initial circulation is only 3%.

- What the project OKZOO is doing:
-- Initially started with mini-game plugins, now transforming into a DePIN project, focusing on #AIoT (Artificial Intelligence of Things) and #DePIN track, with the token ticker AIOT derived from the English abbreviation of Artificial Intelligence of Things.

-- The project builds a decentralized environmental data network through self-developed P-mini AIoT hardware.
-- Products and progress: V2 virtual pet AI application: a virtual pet driven by real environmental data (such as air quality, weather, etc.), which has attracted 12 million users, demonstrating strong community appeal.
-- Hardware strength: OKZOO self-produces P-mini hardware, which has a significant scaling advantage compared to DePIN projects relying on third-party supply chains.

The above analysis of the project mainly comes from research reports and public information provided by Rhythm. I will put the research report link in the comments. Based on the above judgment, I will keep an eye on the opening after 6 PM.

3️⃣ Airdrop trends in the coming months
This point needs to start from the analysis of OKX wallet and Binance wallet. The advantages and disadvantages of both are very clear:
- The OKX wallet product team is down-to-earth and understands users' operational habits better, but the Binance wallet is still relatively far from the community, so creating degen-style products is quite strange.
- However, OKX wallet is too far from the most important aspect, 'assets,' while Binance wallet directly uses assets to grasp users.

On the OKX side, there are also some similar interactive activities like Cryptopedia, but the biggest difference from Binance IDO's task-based approach is:
1. Too delayed satisfaction; the positive feedback mechanism is not fast enough.
2. Too far from asset distribution; only a small portion of rewards is distributed to users, leading to a lack of user stickiness.

At the same time, the task-based model for obtaining IDO qualifications may be more suitable for the current environment. The airdrop model has clearly regressed in the current market version, so project parties must design the mechanism to be strongly related to their secondary performance and buying support to have a chance for TGE to succeed.

For retail investors, the past labor-intensive airdrop farming is likely over; in a bear market, if you want to make money, you must reach into your pocket to farm.

CloneX has not only been discontinued, but the small images are completely gone

Group friend’s clone @0xHogen is now completely out of print

Fortunately, we small image players can save them by right-clicking ourselves

Ah, give me cup E of forgetfulness water
Exchange it for my life E without sorrow

Resist the temptation of Ethereum, reject the bad temptations of the network

For us ordinary retail investors, coming and going doesn't really mean much. What if some people miss out on BTC? It's actually not worth worrying about. This article will review some recent on-chain assets that I hold.

When sentiment is good, playing well is the way to turn things around, and sitting seriously is the hard truth. Many masters of playing, like Nightfall, don't even hold any coins; they only borrow coins in the crypto world using USDT to play, becoming an emotionless USDT guardian.

Recently, the sentiment on-chain has warmed up, including the revival of meme and AI Agent tracks, all presenting opportunities for several times returns. Let's consider some of the high-quality AI Agent old assets we used to play with:
$ALCH violently rebounded from 20M to 200M, #ZEROBRO, and $AVA returned nearly 50M.
This proves that the AI agent + meme narrative may have a new wave of opportunities. Those who have missed out need not be afraid; as long as sentiment can sustain its recovery, even if BTC pulls back, there will continue to be new opportunities on-chain.

In terms of broader strategy:
- Buy low, sell high, but firmly hold a portion of $BTC.
- Hold $SOL for playing, and sit patiently to explore new ones.
- Bottom fishing to revive the second phase, and be sure to choose high-quality projects that have been "continuously operating" over the past few months to double the capital.

New assets:
- On SOL, Italian AI generating stupidity · Classic of Mountains and Seas #Italianrot.
- On BSC, $SKYAI @SKYAIpro, the only hope for BSC AI.

Old assets:
- $FREYA has been actively operating and has achieved excellent results in BYBIT WEB3 activities, with expectations for BYBIT spot, and has a partnership with Immutable, making it one of the most hardworking in the old AI group.
- #TrenchAI & $BNTY project parties are still alive, and due to their associations and collaborations with several new platforms preparing to launch on SOL, there have been movements in the past few days that can be anticipated.
- $LISTEN, I was also actively playing this asset before diving.

Additionally, apart from the AI on the SOL chain, there is also an AI on the Sonic chain, which is the only AI asset that has emerged from other chains, $ANON, created by DeFi veteran @danielesesta @bigdzhao, and is the leader in the DeFAI track.

Dreaming of BTC reaching 100,000 and wanting to close my long position but can't, opened my eyes and saw that I'm still 7,000 dollars short, going to sleep for a while longer

It's not that I'm saying it, I can accept the laughs for buying ETH at 1600, but why are you at 2800 laughing at me for missing out on a 5% increase in ETH?!

Just now, SKYAI launched Binance Alpha. Did it break the curse of Binance Alpha being dumped right after its launch?! 🥲

After @SKYAIpro launched Alpha, a small wave of profit-taking driven by events escaped. My first reaction was also to sell, but it turned out to stabilize...

In fact, for a long time, tokens launched on Binance Alpha on BNBChain, regardless of whether they had a community or not, would face a deep V, and some coins wouldn’t even V but would just be dumped all the way.

To be honest, it has been a long time since I’ve seen a project that clearly has strong alpha expectations, and with such a large profit-taking wave, still manages to wash out and stabilize the price with strong buying after the wash 😂. It’s not an exaggeration to say it’s bsc bome.

I suspect that the wave of selling led by Chuan Mu last night also washed away a lot of profit-takers. Looking at the current KOL holding situation, many have already left. The most important thing is that this time, the determination of four to make bsc great again is evident, so after selling low and buying high once, I couldn't help but buy back in. With profits to cushion, I can continue to look forward to it.

In general, even though I have been hurt countless times by the ambush brother on bsc before, the reasons I still hold on this time are:
- Although the project was initially seen as having three deficiencies, its roadmap has progressed rapidly, and its delivery, marketing, and ecological capabilities have iterated quickly.
- If it were to be dumped right after the alpha launch, it might be pure speculation, but if it can stabilize after the alpha launch, it indicates that this is not its final destination. Although retail investors love to fantasize, from the K-line and trading volume this time, it lives up to the fantasy.

Now most altcoins feel no different from baccarat slot machines to me. It's just that sometimes you can logically look at fees, market value, trading volume, and so on.

But considering that even sports lottery has experts who can predict lottery results based on various data and indicators, in a certain sense, today's altcoins really are just baccarat slot machines!

10m pulled to 100+M then smashed to 38M, how does the dealer play this?

It's late at night, and the soul asks:

What can make you feel a sense of security?

No more copycats - The US stock version

The copycat of US stocks is BTC, and the copycat of BTC is ETH 😅

There is too much noise in the market right now, one moment it's about who bought, the next it's about who sold, which whale transferred in, which dove went long, and then there's the new SEC chairman taking office, and Trump hosting a dinner and calling trades.

But after thinking it over, the fluctuations brought by news are ultimately temporary; at its core, everything is still determined by liquidity. So the question is, besides high-leverage gamblers, who else can buy BTC?

The fear is that this question hinges on whether BTC is following gold or the US stock market.

After pondering, the statement that BTC is no longer following the US stock market feels like a knockoff that has stopped following.

In domestic female-centric dramas, whenever the female lead encounters a dire situation, it is always the male lead who steps in to resolve it.

What kind of strong female lead is this...

Bitget today $VOXEL is banned from withdrawals after this bug, once again a problem caused by centralization, the drawbacks of centralization are vividly exposed.

From the project side maliciously increasing supply to exchanges stepping in as counterparties, the reputation of all organizations and project sides in the blockchain space has long been ruined.

Without industry leaders guiding the atmosphere, the cost of wrongdoing is extremely low. We can only recognize that this is a purely gambling environment...

If you have a real demand for secondary trading, you can go take advantage of these new perpdex and new exchanges. Depending on the strength of each platform and market conditions, at least I think the fees can be recouped 2x-5x.

And it doesn't matter about the counter trade because if there is a real trading demand, the fees are something that need to be consumed. Normally, you would have to spend several thousand to ten thousand in fees on bn every month. The specially brushed strategies have also been mentioned in the second phase content, with the focus on 'controlling costs'.

Putting it on new platforms and new exchanges gives at least a chance to recoup the fees 😂 Today, I had 2-3x fees on the platform meme TGE of @Ourbit_Official.

Currently, I am taking advantage of:
👉 Phase 1: A simple comparison, evaluation, and activity introduction of a new batch of Perpdex and new exchanges
https://t.co/WkU50GECx1
👉 Phase 2: Progress report and strategy analysis

Four presale projects @SKYAIpro group friends said that some have received coins and some have not. I happened to wake up at the opening and saw that I hadn't received any coins, so I went back to sleep. However, I also missed the opportunity to buy at the lowest point after the opening.

After the opening, it first surged to 75M, but after the airdrop dump, it dropped to a low of 17M. From the perspective of returns, even though only a small amount of the 4 BNB was actually used, the current price still has a return rate of over 60%, which can be said to be a very terrifying wealth creation IDO.

In this regard, comparing it to several Binance IDO projects, it basically crushes them... If it can be washed a bit more, around 20 is a very cost-effective position. The community doesn't dislike IDOs; they just dislike IDOs where all the profits are consumed by the studio. Can an IDO as appealing as SKYAI be refined further?

I haven't sold any of the airdrop chips; I feel that there are still very high expectations going forward.

After "A Simple Comparison, Evaluation, and Event Introduction of the New Batch of Perpdex and New Exchanges", today I will report on my scoring in these projects and list other projects that can be scored.

First, let's talk about executable strategies. I personally only shifted part of my trading demand from bn ok to these new exchanges, so I didn't specifically score.
However, for normal scoring, it is recommended to cross-exchange score; the specific operational principles are:

- Principle 1: Short in areas with good depth, and long in areas with poor depth.
- Principle 2: Pay attention to equal amounts when scoring the same cryptocurrency; if you don't want to trade, stick to arbitrage.
- Principle 3: Don't put all your eggs in one basket; try to control each perpdex and exchange to within several tens of thousands of U to avoid capital loss in a bear market.

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Progress and new project report this week:
1️⃣ @Backpack scored more than 20,000 in two weeks, with transaction fee loss around 1600 U.
- Since I opened some orders for self-trading, I will disregard the cost, but I think controlling cost is necessary because I don't know if it is due to compliance reasons; the market depth really is a bit poor.
- It actually doesn't feel that competitive; the 80/20 effect is severe, and there aren't as many top users as I imagined.
Link:
https://t.co/W4itlBeke7

2️⃣ @Ourbit_Official scored around 300,000 coins in two weeks and has already become a major client of the new exchange.
- The platform token meme is pegged to Hyperliquid's $PURR, which will have its TGE on 4/20 [tomorrow].
- Specific platform token rules are unknown.
Link:
https://t.co/sZEHt289mP

3️⃣ @edgeX_exchange has only done a few tests, starting research next week.
- It is said that a relatively mature mobile client can be used, meeting the demand for contract PVP anytime, anywhere.
Link:
https://t.co/pQhDTcdhNZ

4️⃣ @etherealdex is still saving money, currently ranked 2000, and should be the most competitive saving + perp protocol.
- I heard that some people can already conduct perp internal testing; is there anyone knowledgeable here?
Link:
https://t.co/dHl0fK9As4

5️⃣ @Lighter_xyz is still in the internal testing phase. My trading volume over the past two weeks is around 10 million, with 750+ points.
- It is noticeably more competitive this week than last week; the volume/points ratio is much higher. Last Wednesday, the score was released with a trading volume of over 2 million, approaching 400 points; this Wednesday, a trading volume of over 3 million only garnered slightly over 300 points.
- The invitation code is very limited; I won't publicly share it. Friends who want to score can DM me; I only have two...

Project background:
- Andreessen Horowitz (a16z) & Lightspeed Venture invested.
- Founder @vnovakovski has a background including: @cognition_labs, @modal_labs, @FabricCrypto.

Events and scoring mechanism:
- Points are released every Wednesday, and users who meet certain point thresholds can obtain 3 invitation codes.
- Points are derived from trading volume, OI, and trading Sharpe ratios, and the rules are relatively opaque.

Risk points:
- There was a previous attack incident on LLP; due to the limited range of the attack, it did not have a significant impact.
- Some community members have reported issues with withdrawal cards.
- Some mechanisms and documentation, according to technical feedback, are also quite opaque and not sufficiently clear.

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Finally, let's return to Principle 3: Don't put all your eggs in one basket; try to control each perpdex and exchange to within several tens of thousands of U to avoid capital loss in a bear market.

In a bear market, capital is the most important, and currently, most perpdex on the market essentially preserve funds in a centralized funding withdrawal form. Therefore, I have included CEX as well. Considering the principle of prioritizing capital, controlling risk is the most important awareness for preserving living power in a bear market, but the cake of perpdex and new CEX is also worth betting with small funds:

- How to play with small funds: purely score transaction fees, go in with high leverage until the transaction fee loss is complete; costs will certainly be relatively high.

In conclusion, everyone needs to find their own suitable strategy, risk preference, and cost control plan. The considerations for different funds determine which plans and strategies should be the core.

Here is a comparison from a previous issue: