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23 Oct, 5 tweets, 2 min read
$AUDIO melting faces & ear drums on Uniswap

0x18aaa7115705e8be94bffebde57af9bfc265b998

I am long. And I am actively trading. As always, NOT advice, you degens, DYOR
Image
Fair warning... plenty of sell pressure incoming medium.com/audius/welcome…
Longer-term, I'm hopeful $AUDIO is a gateway into crypto for a lot of new faces

11 years of building is starting to yield amazing things
Daaaammmnnn.... crypto is fascinating

This is a must-read

h/t @DefiRadio

theverge.com/2019/10/9/2090…

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More from @redphonecrypto

redphonecrypto Profile picture
25 Oct
1/
I am loving this $BTC narrative that’s minimizing $ETH

Do I think $BTC will rise faster in the short-term? Yes

Do I think $ETH will outperform $BTC in the medium-term? Yes

Why? Because the main argument against $ETH right now is it has no value accrual

More 👇
2/
"There's no way it competes with base money," they say

I could care less about that... no one longing $ETH right now is doing it bc they think it’s a “better bitcoin”

They’re buying it bc they see all the useful things being built on top of it
3/
ETH is already crypto's primary settlement layer

h/t @MessariCrypto Image
Read 7 tweets
redphonecrypto Profile picture
13 Oct
I do not invest in whitepapers, I invest in savages who chew through metal to exert their will upon a world intent on destroying them

There are only a few such souls in crypto + Andre Cronje is one

His tweet maketh me happy

1/x
There is nothing better than a creative genius holing up to make his art

+ one day, there will be a few of us who recognize that THIS is the moment... Andre's past (years reviewing crypto code), his philosophical beliefs + humanity's strange arc through history...

2/x
... all came together to unleash a Renaissance-like, technological revolution upon us

Andre (and others like him) are aflame with ideas. They are Mozarts in their last four years... a period so drenched with creativity that it...

3/x
Read 5 tweets
redphonecrypto Profile picture
8 Oct
Explain it like I'm 5, please.... wtf is "NFT mining"?

"NFT" is an abbreviation for "non-fungible token" which is perhaps the worst name for a piece of technology ever invented

An NFT is just a rare digital good

More 👇
Example: I bought an insurance policy that was an NFT recently. No one else can own that policy but me.

I've bought NFT art.

I also own NFT collectibles (i.e. digital packs of Garbage Pail Kids @GeePeeKay issued by @ToppsDigital on @WAX_io).

2/x
But back to the original Q: what is #NFT mining?

A:

It's a way of fairly distributing rare NFTs into the world. Instead of selling them to the highest bidder, you give them to people who do things for your platform.

$MEME is leading the charge NFT mining.

3/x
Read 26 tweets
redphonecrypto Profile picture
3 Oct
How should I value thee ?? @apyfinance

You maketh yield farming so hard with your vesting

But I shall give it my bestest shot...

Let us start with the numbers

👇 Image
MONTH 1
- 0 tokies to the team (they have a 1-year cliff on their 20 million allocation, so they don't get anything until day 366)
- 900,000 tokies to liquidity miners
- 3,000,000 tokies to seed and strategic investors (1-year vest on their 36.5 million tokens)*

*See image Image
MONTH 1 TOTAL DISTRO
- 3.9 million tokies

DAY 1 DISTRO
- 30,000 tokies to liquidity miners
- 100,000 tokies to seed and strategic investors Image
Read 8 tweets
redphonecrypto Profile picture
1 Oct
Will probably look an incorrect asshole, but here's a guess on tomorrow's price:

Current MC = $706 million

# of instantly available tokens after swap = 13 million

706,000,000 / 13,000,000 = $54

More...
However, there will be an additional 3 million tokens printed and locked

So, we should really divide 706,000,000 by 16,000,000 to get $44.13.

But here's how much the markets care about fully-diluted: 0
So, let's say the extra 3 million tokens only impacts the price by 5%.

That puts us at $51.3.

But, there will likely be some excitement and not everyone moving over all their at once + people wanting to stake
Read 5 tweets
redphonecrypto Profile picture
1 Oct
Top 5 misconceptions about yield farming

>>>1
CLAIM: These tokens are just printing money out of thin air
REALITY: Is that what stocks do when they IPO? When a project launches a new token via yield farming, what's really happening is a token distribution event.

More 👇
The goal is to inject tokens into the world without having them labeled securities (no one is technically paying for anything, after all). Farmers get the coins in exchange for loaning out liquidity. That's theoretically better than airdrops. Why?
Farmers now have some skin in the game... they've had to learn about a project and put some time into it. They spread the word. They help it grow.
Read 8 tweets

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