1/9
I teased this before, but I would like to formally announce that as of January 1st I will be dedicating a large portion of my time to the success of the @MeritCircle_IO DAO as the Head of Partnerships!

What will I do, and what will change?
🧵
2/9
Over the years of being active in the industry, I have gained a large and unique network consisting of some of the brightest minds.

Connecting the dots, thus the perfect parties with @MeritCircle_IO will bring constant value to the DAO, and all other parties involved
3/9
This concerns all facets of the @MeritCircle_IO DAO

NFT & Metaverse index fund
Mainstream gaming
#PlayToEarn industry
Governance

But especially, there’s one project I have the privilege of contributing to which many have been asking me about…
4/9
I truly love NFTs.

I’ve joined and contributed to many different NFT communities and feel that I have found the sweet spot between value, artistry and hype.

Combining those three together, I am more than excited to reveal some crucial information about @edenhorde
5/9
I have had the opportunity to see what’s cooking behind closed doors and I am very impressed.

For the last couple of weeks collaboratively with Merit’s internal team we have been working on a project that will raise the bar in the industry, this will be very fun.
6/9
What is Edenhorde?

An experimental creative project initiated by some core contributors of the Merit Circle DAO.

@Edenhorde is an exercise in world building that will be directly tied to its audience and holders
7/9
This will launch as something that may, at face value, seem as ‘just another NFT project’, but I can tell you the ambitions are far wider in scope.

See @Edenhorde as the narrative where multiple products can start existing around, possibilities are endless.
8/9
Tomorrow more will come to light for @edenhorde but know that more information will gradually appear over the next couple of weeks.
9/9
Without further ado,

edenhorde.world/broadcast.mp3

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More from @Pentosh1

11 Jan
1/11
I want to discuss some exciting changes in regards to the tokenomics on $MC but as with anything. Good things take time. Some of the changes include token burns, buybacks, and in the future strategic OTC lockups creating a supply sink so tokens don't hit the open market
2/11
Recently the MIP-7 DAO proposal passed that makes changes to realized gains. Some of those changes are as follows:
20% of proceeds are sent back to the USDC treasury
5% will be sent back as $ETH and $WBTC
3/11
60% will be used to create a strong support 25% below price on chain using 1inch exchange with price adjusted every 7 days to help create a strong support.

These can be burned or sold to strategic investors depending on DAO governance
Read 11 tweets
11 Jan
So here’s my thoughts and you can basically use this as your thesis inside the downtrend repeating

The market mostly moves when people are wrong. Bc they are forced buyers and sellers. Here are examples of what happens.

Fake breakdown into rally
Here was expecting a fake out to the downside where people get caught offsides selling the lows

Now most people had invalidations at like 51-53k for where they would buy back but really it should've been 58k-60.7k technically
This is important bc people who have been short are selling then taking profits on the way down. So closing shorts isn't necessarily that bears are fucked. Price might be going up bc they are taking profits. But what was left there was really tight and compact lower highs
Read 8 tweets
11 Jan
While I've written a lot about macro bear stuff as of late. One thing I always try to remember is "Being a bear is tough" Downside is limited and upside is. Well. Unlimited. So what is the bullish case?
Global adoption

1st @nayibbukele #Bitcoin bond imo must be over-subscribed
In the event that happens I believe we will see 2 other countries follow suit from South America on the path of adoption. Yes, they will be small

𝐺𝑟𝑎𝑑𝑢𝑎𝑙𝑙𝑦, 𝑡ℎ𝑒𝑛 𝑠𝑢𝑑𝑑𝑒𝑛𝑙𝑦

Like a set of domino's and when talking years down the road. I think it starts here
Personally don't believe in new ATH's this year. and of course would love to be proven wrong. But I think it's important to recognize this market isn't going anywhere and we've come a long way. There's a lot to look forward to even if the impacts aren't noticed right away.
Read 4 tweets
7 Jan
$BTC highest probability outcome imo

Be lucky to get a 58k-60k short attempt and the best invalidation on the macro since it's as close as possible

See HTF areas of larger range
+ 58k-60.7k full bull market

For now market imo will seek another LH maybe 49-53k

Before doom
Very much meaning towards 49-53k area tho
Read 4 tweets
6 Jan
GM
I think it’s wise on significant bounces to consider removing a good amount of your capital from the market Especially if
1. You’ve made it
2. Can’t afford to lose it

As stated I think this year is a year people lose most if not all for many reasons laid out.
In 2018 I made the mistake many of you have already made or are making. And have mostly been risk off as opposed to on the past months. I personally feel and have laid out the reasons why I believe the markets have a lot more to bleed out as a whole
I’ll be making concentrated bets in a few sectors in the market and taking 80% out as I’m still very close to my latest ath’s. You can always deploy into strength when the market shows you it’s time on a high time frame reversal or months from now after alts gave made many Lh’s
Read 4 tweets
5 Jan
GM!
Now is a good time for a little education imo. How many fiat currencies have survived the test of time? Zero. A lot of similarities today with how the Roman Empire fell. But also imo the same thing that happens in our market. DILUTION 👇

visualcapitalist.com/currency-and-t…
The same way NFT’s fell apart, ICO’, etc in this market often have the same catalyst. Over-saturation of projects eventually exceed demand and supply dominates = people leave and volume drop
Read 4 tweets

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