Lets talk about this POS @StargateFinance @LayerZero_Labs Token Launch #Rug
TL/DR
1)Auction = Sniped
2)Launched DEX AFTER BC (dumb asf)
3)Crosschain Transfers not functional rugging all non-ETH BCs
4)Offer more supply @.25 while DEX/BCs trading higher fucking bonders👇🧵
1) Auction - 2 bots sniped which is annoying asf but happens often enough that you can get past it ... sad they didn't think of this given team has DeFi farmers who've dealt w this
2) Post-Auction, DEX Launched After BC rather than before as stated in Docs.
Ofc the BCs started wo a hitch trapping every non-ETH BC bc xchain transfers weren't functional
if DEX starts @.50c wtf buys higher on the BC? DEX launching 1st was meant to converge price (up ofc)
3) No Crosschain Transfers - this is lol bc its LITERALLY your only fkng job... nice POC lol
- You can't sell back the BC (not in the docs only discovered after asking team point blank)
- This screwed every non-ETH BC that couldn't access liquidity via the CRV pool
4) Sell More Discounted STG for "muh community"- Sorry we fkd you but juuuust letus finish by raising +$5M for POL by selling 20M more tokens @.25c while BC > .80 and CRV ~.77c ... dw anon you still can't transfer your tokens and here's ur CRV pool
I love/believe in crypto, and understand that launches will have issues but if you i)promise liquidity ii)alter launch steps iii)Sell more discounted tokens iv)screw most bonders&MOST IMPORTANTLY v)ur product Does Not work Im gunna complain ~$3B pre-product/launch=accountability

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Hassan Bassiri

Hassan Bassiri Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @HassanBassiri

Jan 27
1/ RONIN ($RON), the L2 gov token of the $AXS/$SLP ecosystem went live today. $RON is the first and only legit L2 GT in the market rn and its a hard comp bc it can be viewed as NFT platform, DEX, L1/L2, etc. So what's it worth? Smoll Shill 🧵👇Disclosure: Obvi long $RON #DYOR
2/ Thread Overview a) Total ETH Bridge TVL / DAU growth metrics / NFT Volume (Macro) b) Quantitative Analysis (Pool APRs, Comp Set Multiples, FV) / Qualitative Assessment (Micro)
3/ ETH Bridge TVL - $RON @$3.5B Bridge TVL is the #1 L2 and #4 overall behind L1s FTM/Poly/AVAX (this is after an 27% TVL decrease over the past 7d). Shit bro you're so early @l2beatcom doesn't even know $RON is #1 on the leaderboard yet👀🤫 https://dune.xyz/eliasimos/Bridge-Away-(from-Ethereum) Note,
Read 13 tweets
Nov 4, 2021
Quick shill🧵on $RON and $SLP 👇
1) RONIN -the L2 of the $AXS ecosystem- is launching a new governance token $RON. RONIN currently holds >$8B in assets which is more than ALL other L2s combined (inc. VC shilled Arbitrum and Optimism). But guess what Anon ... There's MOAR
2) This token will be 100% community owned as its only farmable. So what's $RON worth? L2s = new L1 so IMO it'll be a TVL war for the sidechains. Higher TVL = higher valuation = more memes, gifs and more gfs for your gfs
3)$RON will issue 10% of the supply on day 90 (100M tokens), so assuming a 1x MC/TVL the table below shows APR sensitivity to farming RONIN based on various MCs and Pool Liquidity... Do you like 400% APR anon
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(