Catpirate Profile picture
Feb 20 6 tweets 2 min read
Decentralized Infrastructures need Decentralized Funding

Or else it is as good as Web2

#ICP’s SNS has been improved with some upgrades since SNS-1 Launch.

Now its @OpenChat’s turn to 🚀
SNS tokens are ICRC-1 tokens, just like ckBTC

Any DEX that already has SNS-1 or ckBTC trading pair, will be able to integrate any SNS tokens easily

They are the most decentralized tokens on the Internet Computer

dashboard.internetcomputer.org/proposal/108634
SNS funding protocol now has a ticketing system

This prevents users from crashing the dApp like it did previously
Decentralized infrastructures that are built on blockchain require decentralized funding mechanisms to ensure that they remain decentralized and independent from centralized institutions.
Users become Owners of the Platform with tokens

Users will be able to participate in governance and use the tokens for on-chain DeFi
In #ICP everybody is a VC

Welcome to the New Age of DAOs

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More from @lysergin33

Feb 19
Supper Bullish on #ICP, Super Bearish on NNS

If you understand this, half of your #ICP ride is sorted for this decade

You can theoretically host a smart contract platform to build and launch a space station to the orbit 🧵

catpirate.substack.com/p/build-anythi…
I have said this before, now with more context, and more content.

Revolutionary Smart Contracts can be used directly with your browser without extensions or wallets.

This comes with trade offs like the requirement of an on-chain governance system to remove malicious content & services that could be hosted entirely on blockchain. https://internetcomputer.org/icig.pdf
Read 10 tweets
Feb 19
Yeah $ICP supply shock in Exchanges is cool

Whats more cooler is knowing that 30 Million new #ICP tokens could be minted in 7 days using Voting rewards

dashboard.internetcomputer.org/circulation
Voting rewards are Inflationary.

$ICP governance voting rewards contribute to 12x more inflation than Node provider rewards right now
Around 190,000 #ICP tokens could be unlocked tomorrow
Read 5 tweets
Feb 17
Dynamic NFTs on #ICP will be massive, no doubt.

Dynamic NFTs are a type of non-fungible token (NFT) that can be updated or altered after they are created.

🧵👇 Image
Unlike traditional NFTs, which are immutable and cannot be altered after minting, Dynamic NFTs can have their information or data modified, making them more flexible, programmable, interactive, and adaptable.
For example

You can create a Pet Cat as an NFT that would grow over time or can have its facial expression change according to its Moods or how much food(tokens) you have fed them.
Read 7 tweets
Feb 16
why isn't entrepot letting me list NFT with 55 #ICP price floor??????
WTF is this shit?????

how many do i have to remove from my wallet??? Image
Do this shit in other shitchain @EntrepotApp
Read 5 tweets
Feb 15
There are some misconceptions regarding bridgeless #ICP <> #BTC integration

the 'real' Bitcoin tokens of ckBTC are not "held" by the "users" on the Bitcoin blockchain

But held by a smart contract canister on #ICP with a Bitcoin address. 🧵 Image
In simple words, with direct integration

Smart Contracts of Internet Computer Protocol can create a Bitcoin wallet, hold real bitcoins, or sign txns to send bitcoin on BTC network.
By holding real Bitcoin tokens, canisters will issue a wrapped version of it on #ICP, which is called ckBTC
Read 13 tweets

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