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otaku.sol🧵 Profile picture
@otaku_1996sol
Sep 12, 2022 • 10 tweets • 3 min read • Read on X
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A potential recent move that might be a catalyst to bring more eyes to Solana.

🧵The Helium Network is moving entirely to SOL 🧵 Image
1/🧵

Launched in July 2019, Helium is a distributed network of long-range wireless hotspots.

The goal is to create a blockchain powered network for Internet of Things (IoT) devices creating what they call “The People’s Network”. Image
2/
Nodes come in the form of so-called "Hotspots", which are a combination of a wireless gateway and a blockchain mining device.

Operate nodes , mine and earn rewards in Helium’s native crypto token, $HNT.

Ranked #66 in MCap

Curr Val -> 5.2$ (approx)
ATH Val -> 52.71$ Image
3/🧵

The Ease of mining HNT tokens made it very popular among it's peers.

Works on a Proof-of-Coverage (“PoC”) mechanism. Image
4/🧵

HIP stands for "Helium Improvement Proposal".

Proposals submitted by members of the Helium community, addressing issues like tokenomics, blockchain functionality, and allocation of mining rewards.

'HIP 70' was a recent proposal by the Helium core developer team .
5/🧵

HIP 70 Proposes three major changes:

🔹 Moving Proof-of Coverage to Oracles.

🔹 Moving Data Transfer Accounting to Oracles.

🔹 Migrating the Helium Network, including its tokens, governance, and economics around HNT, DC, IOT, and MOBILE, onto the Solana blockchain. Image
6/🧵

What are oracles ?

Oracles are entities that connect blockchains to external systems.

Enabling smart contracts to execute based upon inputs and outputs from existing real-world servers or devices. Image
7/🧵

Helium community will gain :

✴️A developer ecosystem with thousands of devs worldwide who are working on apps that are only possible on SOL due to its fast & cheap transactions.

✴️Real-world NFT applications

✴️B2B and B2C marketplaces

✴️lending/borrowing Image
8/🧵

Solana offers significant benefits to Helium that include, but are not limited to, scale, community, and composability.

The consensus among the core developers and The Helium Foundation was that Solana was the best blockchain to accommodate needs of the HNT Network .
9/🧵

This obviously brings a lot exposure to SOL.

Further more networks/chains will move into solana , if this move proves to be successful.

The future does seem bright. Image

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More from @otaku_1996sol

otaku.sol🧵 Profile picture
Jan 17, 2023
An upcoming mint that recently caught my attention with a possibility of being another successful Derug story.

The @MarshiesNFT_ minting on January 25th is a project worth taking a look at 🧵 Image
The Marshies NFT originally had a first collection called "Exiled Marshies"

Exiled Holders had to burn 2 NFTs to get a free mint Token for the mint of the current upcoming mint
for the Marshies collection. Image
The Story of Exiled Marshies started around March, when the founder rugged leading to the downfall of the original Marshies.

Later on the community voted @xlopez1907 to Derug the project which is currently the "Marshies".
Read 11 tweets
otaku.sol🧵 Profile picture
Nov 11, 2022
The only project in SOLANA , that has delivered 'quality' products consistently.

Provided value irrespective of the market conditions.

Why @BlocksmithLabs will be the No.1 project on Solana and is already halfway there.

An otaku thread ⚒️🧵 Image
Table of Contents :

1. Prelude
2. Team Intro
3. Branding
4. Products
5. Tokenomics
6. Holder Benefits
7. Art upgrades
8. Lore
9. Investment thesis
10. Future Potential
🔶Prelude :

I was there 8 months ago , when it minted at 2.2 SOL on ME ; I faded it voluntarily.

Why ? I wanted the WL meta to end , and i felt BSL was the one promoting it.

Even after the mint , I kept consoling myself saying the BSL art is bad and will never gain traction. Image
Read 27 tweets
otaku.sol🧵 Profile picture
Nov 9, 2022
These sudden turn of events and volatile markets provided a lot of life changing lessons.

🧵: All these are my personal opinions , NFA. Image
Never ever invest in a 'Crypto Fund' .

Was already skeptical of crypto funds and how portfolio allocation is done across different coins & NFTs.

The "Alameda - FTX" incident made this clear.

Your assets can get liquidated/locked over night , leaving you without a dime.
When the market is evolving so fast , it would only make sense to keep changing their portfolio at an equal pace.

Along with the fact that they need to continuosly do research on upcoming projects to identify the best ones.

Their old portfolio will become dead over time.
Read 9 tweets
otaku.sol🧵 Profile picture
Oct 26, 2022
I might have just discovered the catalyst for the next SOL NFT run.

It's a mint coming up in the end of this month.

I have reasons to believe @zombiesNFT is another one of @HGESOL experiments like ABC/hadeswap to bring the bull run back to SOL.

Let's dive in 🧵🧟 Image
1/🧵

🔶Brains :

Brains are the foundation of the ZombiesNFT ecosystem.

They act like a redemption mechanism by which you can redeem some of your rugged or useless NFTs , by getting a brain for it.
2/🧵

How do you get these brains ?

They occur in "waves" , each wave containing a specific number of brains to be claimed.

With a limit of max 2 per wallet. It comes in the form of this tweet below. Turn notifs on , and snatch it before anyone else.

Read 18 tweets
otaku.sol🧵 Profile picture
Oct 25, 2022
One of the main reasons I'm a big fan of CT , is that it rewards people who are sharp minds & problem solvers.

This can be anyone from builders to normies like you and me.

I can say tons of instances where i got very good rewards just bc i paid attention & solved few puzzles
Many of us , have this ability but we fail to groom it or even pay any heed to develop it in the first place.

Part of the reason , i feel is bc of the huge amount of noise (influencers , FUD , Shillers) etc..
You can literally handpick the number of people u need to follow , to win in this space.

By winning , i mean not just making money. Money is just the output , of what we have planned inside our heads.

A crystal clear thought process , will make u money in a consistent manner.
Read 9 tweets
otaku.sol🧵 Profile picture
Oct 24, 2022
Thoughts on the recent liquidity outflow to APTOS & quite possibly SUI.

Time to be early🧵 : Image
1/
 For the time being , it's profitable to trade in aptos.

But extremely risky. Now, every other project wants to mint on aptos .

Even some of the SOL projects , which planned to mint out are moving to APT.

FOMO'ing into it now , seems more like putting a gun to my mouth. Image
2/
 But limiting our horizons to SOL , doesn't seem to the ideal case here either.

It's always better to keep up with the upcoming trends early.

I could argue that , SOL was one of these early trends as well.

Not here to FUD on SOL , just thinking out loud.
Read 9 tweets

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