The dev has kept the discord entirely in morse code for months, stealth launched with no info, and floor launched to 1 ETH+ (.5 ETH mint) with many top wallets scooping big bags.
In honor of being back on the grind,
Quick Speculation Thread!🧵
Discord -
The channel has been entirely in morse code for months. Morse code means one of three things...
1. Big Brained Devs 2. Building a Cult of Nerds 3. Devs are Clinically Insane
In this market, I'm bullish on all three.
Launch -
After months of the discord being in morse code, they did a stealth launch about 1-2 hours ago.
Normally bullish when devs stealth launch to curb demand. Even when people spent months translating the discord and missed mint... 😂
No fees on sales aren't exactly common in the NFT space but to me shows confidence from the team. It should also give some peace of mind that this isn't a rug/cash grab.
Bullish!
What is Next? -
"SYSTEM INFORMATION IN THE COMING DAYS CONSOLE UNCOVER ON THE 15TH"
Reveal 14 days out means the floor should fall and provide a better entry. Grabbed my position now to be safe because the team obviously likes surprises...
Looking at the valuations of these L1 platforms, I think we are closer to the top than the bottom. With L1's looking more plated out, it's time to front-run the market rush that will come for #ETH L2's.
I'm hyper bullish on $OMG for that reason.
Take a Look!⬇️⬇️⬇️
L2's solve gas wars for NFT's, expensive DeFi transactions, and allow for larger smart contracts.
Crypto is moving in this direction and $OMG positions us with exposure to beat the trend.
Background...
Every time I bring up $OMG I get the same response
"What's that? Oh, it's OmiseGo???".
It's been in the works since 2017 and actually pumped 20x when Vitalik was seen with the OmiseGo sticker on his laptop. Everyone knows the project, few have kept up with it.
$AVAX still sending and I don't fight the market so put a few hours into research tonight.
@snowballdefi is by far the best project and it's also the most undervalued on $AVAX. Aped into $SNOB heavy and will be watching it closely the next few days.
Quick Thread ⬇️
$SNOB is the swiss army knife of projects when it comes to token utility:
1. $28M TVL and only $13M MC compared to other projects on AVAX where TVL exceeds MC
2. Low Emissions - emissions only 72 $SNOB per day (est. 144 blocks a day). This also means that the project counts on $SNOB to be valuable for higher APY's
Whoever controls $CRV controls platform rewards and liquidity allocations. $CVX is custom-built by members of the $CRV team to harvest these rewards and control governance.
Not a direct comparison but keep in mind MC's:
Yearn: $1.17B
CRV: $634M
CVX: $61M
I’ve never seen a launch as mismanaged as $ARTH / $ARTHX by @TheMahaDAO. Genesis investors promises 30-50% discount ended up diluted by more than 90% due to v1 numbers being purposely hidden from docs. @senamakel, why is a $10k genesis contribution is now $500 one hour in? Fraud.
The team whitelisted themselves to add liquidity and also we’re able to trade the pair before the public. I haven’t checked onchain analytics yet but price impacts were moving before trading was opened. I’ll be looking into this soon for more data.
The team also muted the chat for 3 hours upon launch with no explanation or warning. They used investors for v1 exit liquidity, muted communications to hide it, and ignored all warnings. @TheMahaDAO publically scammed the genesis providers and they need to answer for it.