What's so special about @GenesysGo?
They are the creators of the Shadowy Super Coder DAO #NFT
One of the most successful projects in @solana
Here are 10 reasons why you should be bullish on GG 🔥
A thread 🧵
They are the creators of the Shadowy Super Coder DAO #NFT
One of the most successful projects in @solana
Here are 10 reasons why you should be bullish on GG 🔥
A thread 🧵
@GenesysGo @solana 1) They started their own validator (the GenesysGo validator) with money from their own pocket 💰
Zero NFT mints, no funds collected.
Just two friends with a passion for hardware running validators.
Zero NFT mints, no funds collected.
Just two friends with a passion for hardware running validators.
@GenesysGo @solana GenesysGo started by two friends, Frank & Steven, back around February 2021, it all started with a validator, now the Shadowy Super Coder DAO validator. 
@GenesysGo @solana What is a Solana Validator?
Well, in simple terms, Solana validators are the ones in charge of validating the transactions of the network, and it's what drives the Solana consensus mechanism.
The more validators, the more decentralized and powerful Solana becomes.
Well, in simple terms, Solana validators are the ones in charge of validating the transactions of the network, and it's what drives the Solana consensus mechanism.
The more validators, the more decentralized and powerful Solana becomes.
@GenesysGo @solana Frank & Steven were just two friends hacking together, doing what they love, and contributing on making Solana great, shortly after running their validator, they saw an opportunity to help strengthen the Solana ecosystem even further, they turned their focus to RPC servers.
@GenesysGo @solana 2) They power over 50% of all traffic on Solana 🤯
GenesysGo runs over 300+ bare metal servers spread out over 3 continents, in 9 different countries.
GenesysGo runs over 300+ bare metal servers spread out over 3 continents, in 9 different countries.
@GenesysGo @solana RPC servers are the gateway for decentralized applications to directly interact with the Solana blockchain.
Think of an RPC node as an API, in which all the traffic is routed through in order for a dapp to properly work.
RPC nodes are critical for daily operations.
Think of an RPC node as an API, in which all the traffic is routed through in order for a dapp to properly work.
RPC nodes are critical for daily operations.
@GenesysGo @solana When you transfer $SOL to some wallet via @phantom you interact with an RPC node.
Every time you mint or buy an #NFT in @MagicEden you interact with an RPC node.
Whenever you swap some $USDC for $SOL in @JupiterExchange you interact with an RPC node.
Every time you mint or buy an #NFT in @MagicEden you interact with an RPC node.
Whenever you swap some $USDC for $SOL in @JupiterExchange you interact with an RPC node.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange So basically, the better the RPC provider, the better user experience (UX) the applications can provide to their users.
There are various RPC providers out there, with dedicated or shared endpoints, which charges some amount of money to developers who wants to build on Solana.
There are various RPC providers out there, with dedicated or shared endpoints, which charges some amount of money to developers who wants to build on Solana.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange It's not an easy task to accomplish, since these servers have to keep up with the traffic that Solana is capable of, and as many of you know, #Solana is the fastest and most performant chain out there, which handles thousands of transactions per second, at a very low cost.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange #GenesysGo offers the most performant and reliable RPC nodes out there, with over 300+ bare metal servers spread out over 3 continents, in 9 different countries.
And the best part?
It's completely FREE FOR EVERYONE 🤯
And the best part?
It's completely FREE FOR EVERYONE 🤯
@GenesysGo @solana @phantom @MagicEden @JupiterExchange Yes, #GenesysGo is doing something no one has ever done in the #Solana ecosystem, a public and ready to use RPC endpoint, for people to build applications in Solana, for free.
They are empowering the community to make Solana the best place to build and innovate.
They are empowering the community to make Solana the best place to build and innovate.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange Then, over the course of 2021, GenesysGo became one of the largest RPC networks on Solana, starting from scratch, without VC funding.
They helped multiple projects better understand infra on Solana.
#GenesysGo then started to power over 50% of all traffic on #Solana 🔌⚡
They helped multiple projects better understand infra on Solana.
#GenesysGo then started to power over 50% of all traffic on #Solana 🔌⚡
@GenesysGo @solana @phantom @MagicEden @JupiterExchange That's really impressive, here is a list of some of the largest RPC network users of the GenesysGo ecosystem.
I'm sure there are more nowadays.
I'm sure there are more nowadays.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange GenesysGo also offers highly scalable RPC dedicated nodes for projects with more advanced use cases, but the free RPC node is sufficient for most of the projects, it simply outperforms every other node out there.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange Now you may be thinking... That's too good to be true!
How are they keeping up with the costs of maintaining 300+ bare metal servers while offering free RPC access to anyone in the world!?
Well, that's where the Shadowy Super Coders enters the stage.
How are they keeping up with the costs of maintaining 300+ bare metal servers while offering free RPC access to anyone in the world!?
Well, that's where the Shadowy Super Coders enters the stage.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange 3) They launched one of the most successful NFT collections on Solana, the Shadowy Super Coder DAO.
The floor today is sitting around 150 SOL.
It's the # 2 NFT by market cap on Solana, had already claimed the # 1 place several times, and it's always in the top 5 of all time.
The floor today is sitting around 150 SOL.
It's the # 2 NFT by market cap on Solana, had already claimed the # 1 place several times, and it's always in the top 5 of all time.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange The Shadowy Super Coder (SSC) NFT collection launched in November 3rd, 2021 on Solana, with a mint price of 2.5 SOL.
There's a total of 10,000 NFTs.
Only 27 listed across all exchanges at the time of this writing.
There's a total of 10,000 NFTs.
Only 27 listed across all exchanges at the time of this writing.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange Going back with the question regarding RPC costs, GenesysGo allocates the royalties of the NFT sales to cover the cost.
While other projects uses royalties to sweep the floor and acquire blue chip NFTs to make raffles, GenesysGo uses them to maintain RPC nodes for the community.
While other projects uses royalties to sweep the floor and acquire blue chip NFTs to make raffles, GenesysGo uses them to maintain RPC nodes for the community.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange Here's an interesting video showing the evolution of the #NFT space in #Solana.
As you can see, the Shadowy Super Coder DAO NFT has always been a blue chip & top notch project/team.
Credits to @HelloMoon_io for the timeline below.
As you can see, the Shadowy Super Coder DAO NFT has always been a blue chip & top notch project/team.
Credits to @HelloMoon_io for the timeline below.
https://twitter.com/HelloMoon_io/status/1534952132264267776?s=20&t=LdbP9hKpdBJt5Ua4TGkUWQ
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io Now, what if I tell you that this was only the beginning?
YES, the GenesysGo team continued to build and innovate.
There's a reason why the SSC is the # 1 utility project.
This is not a PFP project, but a utility one, have you seen this meta lately?
GenesysGo started it.
YES, the GenesysGo team continued to build and innovate.
There's a reason why the SSC is the # 1 utility project.
This is not a PFP project, but a utility one, have you seen this meta lately?
GenesysGo started it.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @GenesysGo describes themselves not as a NFT project, but as an infrastructure company, they just came up with the idea to use #NFTs as a vehicle to give a fair chance and open access to anyone in the world to participate in the early stage phase of a company.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io Instead of going to VC's to raise capital, they opened the doors to the people to do so instead.
Basically, the Shadowy Super Coders are the investors of #GenesysGo.
That's what it means to be an #inclusive company, and it's one of the most amazing powers of #web3 🤝
Basically, the Shadowy Super Coders are the investors of #GenesysGo.
That's what it means to be an #inclusive company, and it's one of the most amazing powers of #web3 🤝
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io 4) They powered their own #IDO 🔌
Not an ordinary IDO though, it became the first IDO powered by a #decentralized RPC network on #Solana.
That's right, they powered their own IDO.
Not an ordinary IDO though, it became the first IDO powered by a #decentralized RPC network on #Solana.
That's right, they powered their own IDO.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io The GenesysGo IDO took place on January 3rd, 2022.
It turned out to be one of the smoothest IDO's ever happening on the #Solana ecosystem.
The IDO took the form of a 24h dutch-style auction, similar to @AuroryProject and @mangomarkets.
That established a fair price for $SHDW.
It turned out to be one of the smoothest IDO's ever happening on the #Solana ecosystem.
The IDO took the form of a 24h dutch-style auction, similar to @AuroryProject and @mangomarkets.
That established a fair price for $SHDW.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets 5) They raised a total of 52 million $USDC during the IDO.
A total of 52M USDC was raised, zero external funding.
If VC's wanted to participate, they had to do it through the IDO, same as everyone else.
That gave $SHDW a fair starting valuation at around 1.73 $USDC per token.
A total of 52M USDC was raised, zero external funding.
If VC's wanted to participate, they had to do it through the IDO, same as everyone else.
That gave $SHDW a fair starting valuation at around 1.73 $USDC per token.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets They didn't swap the $USDC raised for $SOL, as stated by Frank in the #GenesysGo Discord.
They are hiring developers, building the Shadow Drive, the Shadow Net, and using the funds to drive success.
This is what I call leadership, and a true company building a great product.
They are hiring developers, building the Shadow Drive, the Shadow Net, and using the funds to drive success.
This is what I call leadership, and a true company building a great product.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets 6) They protect their true investors ❤️
The GenesysGo team didn't allocate, reserved or sold tokens at a cheap discount to centralized exchanges (CEXs) for them to list $SHDW and dump the price of the token.
They understand the market.
The GenesysGo team didn't allocate, reserved or sold tokens at a cheap discount to centralized exchanges (CEXs) for them to list $SHDW and dump the price of the token.
They understand the market.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets Frank isn't against a CEX to list $SHDW, but he's not going to give tokens away for free.
If they want to list the token, they need to buy $SHDW at the same price as everyone else.
Frank puts the community first, the same way as with the SSC NFT launch and the GenesysGo IDO.
If they want to list the token, they need to buy $SHDW at the same price as everyone else.
Frank puts the community first, the same way as with the SSC NFT launch and the GenesysGo IDO.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets 7) They were one of the first projects to incorporate a staking mechanism into their #NFTs.
Each holder gets around 27 tokens per day by staking the NFT for a year.
There's a 3K $SHDW bonus given to those who stake for a full consecutive year.
13,000 tokens in total per SSC.
Each holder gets around 27 tokens per day by staking the NFT for a year.
There's a 3K $SHDW bonus given to those who stake for a full consecutive year.
13,000 tokens in total per SSC.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets 8) They have a great reputation 👌
GenesysGo doesn't do partnerships with other NFT projects, and that's not because they don't care, but because GenesysGo is a company, and they won't risk the community with the next rug collaboration.
Again, GG is a people-first company.
GenesysGo doesn't do partnerships with other NFT projects, and that's not because they don't care, but because GenesysGo is a company, and they won't risk the community with the next rug collaboration.
Again, GG is a people-first company.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets GenesysGo has helped many projects to better understand how Solana works, how to properly power a dapp and how to integrate the missing parts together.
Many of the NFTs you probably hold right now, in some sort of form, received help from GenesysGo.
Many of the NFTs you probably hold right now, in some sort of form, received help from GenesysGo.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets 9) They have a great community 💯
The GenesysGo Discord is one of the most (if not the most) delightful community out there, it's full of big brains 🧠, contributing, sharing, helping each other, and learning together.
The GenesysGo Discord is one of the most (if not the most) delightful community out there, it's full of big brains 🧠, contributing, sharing, helping each other, and learning together.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets In their Discord you can find many resources on how to learn #Rust, how to get started in #web3, how #Solana works, etc.
Not only that, but there are super interesting topics being discussed daily, #NFTs, latest IRL #news, #trading, #coding, #parenting, #cooking, and clown guns.
Not only that, but there are super interesting topics being discussed daily, #NFTs, latest IRL #news, #trading, #coding, #parenting, #cooking, and clown guns.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets It's a very active community, they build & learn during bear cycles, and enjoy during bull ones.
You always learn something new every day 🤝
You always learn something new every day 🤝
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets It really is a family of Shadowy Super Coders 🙂
At the end, great communities are what makes projects great.
At the end, great communities are what makes projects great.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets 10) They build and ship during bear markets 🐻
They are constantly helping on improving the Solana ecosystem, and if Solana wins, we all win.
They are constantly helping on improving the Solana ecosystem, and if Solana wins, we all win.
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets What we want to make emphasis right now is, the @GenesysGo team is always innovating, setting the bar high, and constantly building, highs and lows doesn't matter, shipping does.
Always bet on builders 🤝
Always bet on builders 🤝
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets There are many more topics to cover, the Shadow ecosystem is at another level, is not an ordinary #NFT project.
We (yet) haven't covered:
- The Shadow Net ⚡
- The Shadow Drive 🖥️
- The Shadow Operators 🥷
- The Wormhole integration 🕳️
- The $SHDW utility/opportunity 📈
We (yet) haven't covered:
- The Shadow Net ⚡
- The Shadow Drive 🖥️
- The Shadow Operators 🥷
- The Wormhole integration 🕳️
- The $SHDW utility/opportunity 📈
@GenesysGo @solana @phantom @MagicEden @JupiterExchange @HelloMoon_io @AuroryProject @mangomarkets I can go on and on with more bullish reasons, but I know you have other important things to do.
In future threads 🧵 we are going to explain every bit of the Shadow puzzle 🧩
So make sure to give us a follow! 😄
In future threads 🧵 we are going to explain every bit of the Shadow puzzle 🧩
So make sure to give us a follow! 😄
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