0xh3rcules (@0xhercules) • Hey
A constantly curious Crypto Analyst & Investor.
This is my Journal. Nothing I write here is a financial advice.
Publications
- gm
- ⚠️Tornade Cash governance hijacked
According to Ethereum white hacker Sum, a proposal to essentially hijack governance at Tornade Cash, the Etheruem mixing service whose representative's arrest occurred last year, has passed due to a majority vote by some malicious individuals.
[@samczsun.comさんはTwitterを使っています](https://twitter.com/samczsun/status/1660012956632104960)
“On 2023/05/20 at 07:25:11 UTC, Tornado Cash governance effectively ceased to exist. Through a malicious proposal, an attacker granted themselves 1,200,000 votes. As this is more than the ~700,000 legitimate votes, they now have full control.
https://t.co/nY87XmrYgT”
- #midjourney #ai
- #midjourney
- ARB distribution model was designed by Nansen 🔵 🦅
+2,300,000 addresses bridged to Arbitrum before the snapshot.
Online 625,143 were eligible for ARB. Only around 30%!
What can we learn from their report?
5 key take-aways so you don't get excluded from airdrops ⚡
1/5
Eligibility Criteria:
- Conducted transactions: number, value, and time thresholds
- Arbitrum Nova: bridging & conducted transactions
- Dapps and Governance activity
- Liquidity providing
💡 Take-away: the more different activities, the better. Be active!
2/5
USD Value. I know this is a given, but it's important to stress out.
• The majority of wallets transact on small USD amounts
• The majority of wallets got small airdrops (USD value terms)
💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it!
3/5
The number of transactions
• The majority of the wallets made 1-2 transactions (1M+ wallets)
• Only 100k wallets made 50-100 transactions
Median = 3
Average = 28
💡 Take-away: more transactions = more valuable airdrop.
Become a recurring user.
4/5
Sybil wallets:
• The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop
• Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop
• 172k wallets excluded
💡 Take-away: be user, not a "hunter"
5/5
Negative criteria ⚠️
This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB.
These users got less ARB:
• All transactions in a 48h period
• Interacted with only 1 smart contract
• Low ETH balance in Snapshot day
There's a lot more data in their official report.
Read the full blog post here:
🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community
Join alpha discord: https://earndrop.io/discord
- Unreal Engine 5 rendering using AI
#openai #gp4 #midjourney5 #unrealengine
- 💰 988.3 million $ARB (85%) airdrop has been claimed in 3 days
📍 Follow @kingjunaid12.lens for Web3 & Crypto updates
- 🔥🔥 That's Why Zksync Is most Important 🔥🔥
🌐Work on All Projects.. Keep Using Weekly And Monthly bases.. TRY to Create Good Volume in Retroactive Airdrops..
- #Bitcoin is a beacon of Hope - extended version
- My first paid post from a mobile device idk it may or may not be worth sth in the future. Either way I’m pricing 10 @ 0.1 Matic for 24 hrs and I promise not to buy a new g wagon with the proceeds. 😁 oh yea I’m also giving 100% mirror fees too!
- $BTC DOMINANCE
As expected, Bitcoin Dominance's price action successfully broke out of the resistance trendline and the H4 horizontal support level, which was located between 40.32% and 40.23%.
Right now, the price action is breaking through the resistance level, and we can also observe an increase in the price or volume of bitcoin.
- #BTC
BTC has once more risen above $17,200, although the move has lacked significant volume and momentum. It is currently clinging to its short- and medium-term support levels with respectable strength, which may indicate that a strong mid-term confirmation move is about to occur.
On a daily timeframe, the horizontal resistance level was noted at 21888 to 21394; the horizontal support level was marked at 19075 to 18208.07.
Price action is currently gathering and consolidating at a compression level, failing to print the additional lower lows level.
Although the volume profile there and all the EMAs show us the resistance levels, we can expect a bounce-back level from there.
This would be more than enough to either prove that this is our long term bottom or push us considerably lower toward a four digit BTC price if trading volume surges from here.
- ***#BTCUSDT***
*Bitcoin (BTC) is currently trading in a constrained range, above the recent breakout high of $16,812 and below the horizontal barrier of $17,200.*
*Bulls are showing strength, but a strong breakout above the horizontal resistance will signal the start of a bullish trend.*
*In the event that $16, 812 is successfully broken, a move lower is expected into the POC level or declining trendline to adjust the imbalanced area, and from there we can forecast a solid bounce.*
- What is @lensprotocol & finding opportunities with Lens Protocol
Link: https://mirror.xyz/0xdeidara.eth/3ojvhNhatzUJ9UrTSmxG2nkyF_vSTj-n8QcT21A5vgk
Quick take:
- Lens Protocol is a composable and decentralized social graph. With Lens, users will be in control of their own social graph
- Lens ecosystem is growing at such an amazing speed
- There are opportunities for users when joining Lens ecosystem now