项目名称：Upstairs

官网：upstairs.io

推特：twitter.com/UpstairsNFT

link：discord.com/invite/upstairs

打造首个区块链上最大的数字藏品交易平台，面向全球用户。

平台于10月10日，开启了首轮测试，限量发放了888份藏品，并未对外做宣传，只有小部分人知道，原计划3天内售空，结果不到1小时便已被抢空。

现该平台将于10月13日开启首轮面向全球用户的藏品公售“NIFTY HANDS”总量3万份。

共分3期进行发售，每轮发售10000份。

Upstairs 发售首款NiftyHands NFT 定价为15 USDT，每位用户限购一个，持有者每邀请一个新用户成功购买可获得100%返利！  总奖池共计450000U。

例如A购买了该NFT，邀请了50个人购买。总计获得奖励50*15=750U，约等于5300RMB

平台优势

实现0gas交易，自有内转市场，目前支持提现到以太坊后续会增加更多提现渠道。

支持信用卡法币入金，数字货币入金，加密钱包入金。平台结算以U为计价单位。

大家对国内数藏平台或多或少都有了解，但其面向的用户群体都是中国用户，资金体量有限，可操控性太强，政策的打压等等一系列问题导致目前情况并不健康。但也曾一度实现了千倍甚至万倍的涨幅，当这个平台出现在加密世界里是否也能达到千倍甚至万倍甚至更高？

欢迎通过我的链接注册，加入我们的社区，一起来见证这个历史性的时刻！

邀请链接：https://www.upstairs.io/register/?invitationCode=J3XZGJ

认准邀请码：J3XZGJ

嗨 Nft

Most Tokens are launched to exit liquidity and transfer legal liability, not to decentralize. Decentralization" may not even be a consideration when releasing Tokens. You can say it out loud, because these Tokens are completely useless. All you can do is look at customer service complaints in the project forum and pledge those Tokens, which can then be used to acquire more useless customer service Tokens.

But if the market will buy anything you sell, then why not launch a Token? You can blame the VC, you can blame the greedy team, you can blame the stupid people, you can blame the Fed, and if it relaxes your soul, you can do whatever you want. At the end of the day, it's a broken incentive cycle, and if everyone is driving the cycle, then there really isn't any one group to blame.

Over time, market participants will become more astute and realize that most Tokens are just useless governance Tokens. therefore, project parties must up their game to sell useless (product) Tokens. you can no longer just launch a governance Token, you need 'Token Economics' and various air fresheners to cover up how much your shit Token is bad. In most cases, these Tokens will go to zero, thank goodness. To be fair, many of these projects have great innovative products, but that doesn't mean their Tokens are great.

Some Token economics designs worth reflecting on.

1. every shitcoin is pledged (staking), the pledge is simply used as a reward for shitcoin to incentivize you to hold shitcoin and temporarily reduce the selling pressure on shitcoin. the APY makes no sense because it is priced in shitcoin, the pledge makes the asset more illiquid by locking in supply, so it also makes the asset more reflexive in both directions. We see this clearly in the cosmos eco-projects like Osmosis and Juno. Once demand and prices start to collapse, then massive unlocking can lead to massive retractions. Pledging is a double-edged sword.

2. every shitcoin has liquidity mining, paying people to use your product is great for early traction, but that traction is transient, crypto natives are gold diggers and once you run out of money, they don't need you. over 99% of the agreements pay out more in rewards than they receive in revenue, and due to continued selling pressure, these tokens will also keep down, which is why DeFi Token's chart looks to be going to zero.

3. The Solana ecosystem has a lot of low liquidity, high VC allocation projects, and due to the low liquidity, insiders can only lock in their earnings by hedging the crazy FDV and then dumping the tokens to takers.

4. Allocating Sushiswap fees to Token holders reduces the resources of the team, which has minimal ownership of the protocol from the start, so the team has little incentive to focus on the project.

5. OHM tied and crazy APY created an inverse monster, which led to excessive speculation and subsequent collapse due to massive inflation (-3, -3).

6. Terra stablecoin burning/minting mechanism and Anchor reserves, this topic has been discussed in tons of articles, so you can read them for more nuances. Basically, you can only get people to use your stablecoin for a limited time by paying for it, and if it doesn't attract people before the money runs out, then it's probably cooked.

7. Axie's SLP model. If no new money is flowing into the game to support the price, then an unlimited supply of multiplying coins won't work.

8. Airdrop. Due to the wide distribution and high level of interest, airdrop Tokens will pull up quickly at first, but then slowly go to zero because it's free money and everyone will pull it off the table after a certain point, leading to selling pressure and ugly charts.

9. Paraswap Anti-Witch Attack. It turns out that pissing off users is not a good marketing strategy. Excessive witch filtering can have the side effect of alienating users as well as overly narrowing the distribution. Token distribution is your best marketing tool, you want people to talk about your shitcoin, if you delete everyone's airdrop, then no one will talk about it.

10. Solidly ve (3,3) and the Toekn distribution. the game theory of SOLID Toekn distribution led to the mercenary project launching with the crazy APY because of the AC exit and we didn't get to see the ve (3,3) mechanism fully work, but most likely it would have been like OHM with a very reflexive parabolic move before buying interest ran out.

There is not enough nuance in any of these Toekn analyses for each to use its own sub-stack. Yes, I have an aversion to most of the token models in the space, but no solutions are offered and I'm sure I've forgotten some, either way I hope this is a good overview.

While some projects have used one or more of these models above, they have still been successful and there are other improved Token models that are worth looking at in depth. But in general, Token incentives are broken, and as long as tokens continue to dilute supply without improving profitability, then their fate is ultimately to go to zero. If your protocol needs a token to run, then it may not be able to escape death. Tokens are designed to enhance the user's incentives and experience, not the entire experience.

We are still in the early stages of Token design and experimentation, and without these examples, the industry will not progress. There are more Tokens to zero in on, more failed Tokens to release, and more to learn. The crypto industry will continue to evolve, and one last thing.

Not everything needs to be released as a Token.

In the context of the coming capital winter, a16z launched such a heavyweight fund focusing on a certain field, which already says a lot.

In the official announcement, a16z mentions that.

"Gaming has also driven innovation across the consumer ecosystem, pioneering best-in-class user engagement, retention and monetization mechanisms such as microtransactions, Battle Pass and web3 tokens. In the long run, we believe gaming infrastructure and technology, will be a key component of the meta-universe, an opportunity that will dwarf the current $300 billion gaming industry itself."

To date, a16z Games has laid out more than 30 teams in the meta-universe of gaming projects including Forte, Dapper Labs, Yuga Labs, Improbable, Sky Mavis, bonfirestudios, altavr and more, and all are presented in the official 1 minute and 15 second video given.

A16z's metaverse game investment theory

Regarding metaverse gaming as an investment direction, A16z writes in his investment theory.

"Over the past decade, games have completely transformed from packaged entertainment to social network-like online services at a scale similar to consumer technology companies. Today's games are also driving innovation across the consumer ecosystem through new approaches to engagement, retention and monetization. We believe that games will play a key role in defining the way we socialize, play and work in the next century."

As you can see, the games defined by a16z are no longer limited to what we traditionally understand as games, which also include the two meta-universe application scenarios of "social" and "work", and in this article, we focus on the games themselves.

The 6 basic elements of metaverse games

In my opinion, a metaverse game needs to have many conditions to achieve long-term success, and the following are some of them.

1、Whether it has the experience of developing large scale games

Before the game is developed, investors and players can only judge the quality of the game according to the pictures or trailers given by the project, but we only rely on the "PPT" is simply not enough, if a team does not have the relevant talent to develop the game, the game may always be in the state of paper.

Some chain game teams with developers from Ubisoft, Blizzard, Epic Games, Riot Games and other large game companies are more likely to produce an attractive meta-universe game.

In this regard, we can judge the development strength of a team by investigating LinkedIn profiles.

2、Supporting investment institutions and game guild DAO

Compared with other Web3 projects, games may rely more on the support of investment institutions, so metaverse game projects with top VC support are more likely to succeed.

Up to now, leading metaverse game investment institutions include A16z, Paradigm, Three Arrows Capital, Binance Labs, FTX (Alameda Research), Animoca Brands, Sequoia Capital, Framework Ventures, and others.

In addition, "game guild DAO" can also be very helpful for a game, currently, YGG, which is popular for Axie Infinity, is widely considered to be the most influential game guild DAO in this field, in addition to MainDAO, PathDAO, GuildFi, Merit Circle, Avocado Guild, Good Games Guild, BlockchainSpace, GameFi Guild, paragonsdao, ReadyPlayerDao, etc. In addition, there are various game guild DAOs such as MainDAO, PathDAO, GuildFi, Merit Circle, Avocado Guild, Good Games Guild, BlockchainSpace, GameFi Guild, paragonsdao, ReadyPlayerDao and so on.

In my opinion, the competition of game guild DAOs has just begun, because there will be a large number of meta-universe games in the future, and there will be a very close and mutually beneficial symbiotic relationship between these game guild DAOs and the games they choose to support.

3、Game playability and balance

When a game enters the playable stage, players will judge the chances of success of this game through experience.

The following are some of the important factors.

Game graphics (good game graphics can give a visual impact, so it is more likely to be a good game)

Balance (whether it is a shooter, strategy or RPG game, balance is crucial for the sustainability of the game)

Innovation (a successful game is bound to be constantly innovative in order to give players a fresh experience, and in addition to regular game play, new technology experiences such as AR and VR can be introduced)

4、Can the underlying blockchain infrastructure of the game support large-scale applications?

As the underlying infrastructure of the metaverse game, the blockchain (whether L1, L2 or L3) must be scalable, because when we find a fun game, it will naturally attract a large number of players to interact at the same time, and if the underlying blockchain is not scalable, then the game will not be able to move towards large-scale applications.

For now, game project parties will have a variety of options such as developing their own ethereum sidechain, Avalanche subnet, Cosmos Hub, Polkadot parallel chain, or migrating to ethereum L2 or L3, Solana, Flow and other public chain infrastructures.

And in the case of Axie Infinity, I personally don't see the game project side developing the underlying infrastructure themselves. While it helps to enhance the narrative, it may be very unwise to divert the team's efforts to an area they are not good at.

5、Game economy design (including token economy)

For crypto players familiar with Gamefi, game economy design is naturally a very important piece, which involves the design of various components such as game equipment, land, rare resources, and currency (token).

For now, land and tokens are usually designed as limited resources, and they are the most common targets of speculation in the gaming space.

In general, a good game economy design is also very important for the sustainability of the game.

6、Is there a Free To Play mechanism?

Most of the current chain games require NFTs to be held in order to experience them, which is somewhat helpful for short-term price growth of NFTs, but it also raises the question that the potential player base is very limited (because few people can afford thousands or even tens of thousands of dollars of initial investment in the game).

If the project owner introduces a Free To Play mechanism, where players who do not hold NFTs can experience the game for free, but are not rewarded with tokens, or are only rewarded with a very small amount of tokens, then the game's community scalability grows significantly and it is more likely to be successful.

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ETH reveals for the first time in the article that he has created three other NFT projects in the past - CryptoPhunks, Tendies, and CryptoZunks - and from these three "failures In the article, ETH reveals for the first time that he has created three other NFT projects in the past - CryptoPhunks, Tendies, and CryptoZunks - and has learned different lessons from these three "failures", and finally integrated all the experiences and reflections to create Azuki today.

While in the mouth of ZAGABOND.ETH, these three projects are integral to his personal growth and the future success of Azuki, it is clear that the community will not interpret them so simply. To a significant portion of the community, this disclosure by ZAGABOND.ETH is akin to a personal acknowledgement of his involvement in three rug projects in the past year, given the lackluster market performance of CryptoPhunks, Tendies, and CryptoZunks in the past.

For example, Ex Populus co-founder soby tweeted, "So the founder of Azuki is admitting to creating and abandoning three projects in the past year?"

Another example is ZachXBT, a big V with hundreds of thousands of followers, who questioned, "So Web3.0 is the same as rug three projects in one year?"

After ZAGABOND.ETH's article, Azuki's floor price dipped to 10 ETH, temporarily at 13.46 ETH as of 10:00, while BEANZ's floor price has dropped to 1.93 ETH. ETH, the article on ZAGABOND.ETH is clearly one of the key reasons for the drop, when comparing the drop of other NFT blue chips.

Odaily Star Daily Note: The performance of Azuki and BEANZ (Something) on Flip.finance compared to other projects down, the platform data has some delay compared to OpenSea, but it can roughly reflect the current market condition.

So, why is ZAGABOND.ETH posting to FUD its own project at this point in time? This is also the biggest question in the community. As the founder of one of the leading NFT projects, ZAGABOND.ETH should not be so "stupid", even if the rhetoric is well groomed, such a heavyweight disclosure will inevitably lead to widespread controversy.

According to Hustler, ZAGABOND.ETH's sudden release was due to rumors that the Cool Cats team was about to uncover its past project history, so ZAGABOND.ETH had to "expose" itself immediately. ETH had to choose to "expose" themselves right away, after all, their words would be more controlled and less influential.

Back to Azuki, after the post, ZAGABOND.ETH did not argue with others, nor did he explain much else, but just left a message on Twitter.

"We delivered on all our promises. Do I wish they (CryptoPhunks, Tendies, CryptoZunks) were more successful? Of course they were. Ultimately, the products don't match the market, but that doesn't mean they're rug."

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Introduction

NFT has taken over the world. Extremely expensive pixelated cartoon characters, anime themed art and cartoon animals are increasingly becoming the avatars of choice for crypto investors. However, the Bored Ape (BAYC) is the most iconic of this zoo.

Bored Ape - Bored Ape Yacht Club (BAYC) - has become the most expensive and influential collection of NFT collectibles. In addition to having a total market value of over 1.69 million ETH, the collection has managed to gain recognition from the likes of NBA stars Stephen Curry, Steve Aoiki and Jimmy Fallon, just to name a few.

How did this cartoon ape JPEG collection turn into a multi-billion dollar brand in just over a year, and is BAYC really powerful, or is it just the latest buzzword thrown around by the "community" to gain traction?

In our first installment of Not Just JPEG, we delve into the world of BAYC to see what they're all about and look at the in-chain data to see if the hype is real.

Backstory

How BAYC started

"Ape" and "Apeing" have a strong cultural meaning in cryptocurrencies. These words are often used to describe blind investments in something, usually stocks, cryptocurrencies, and NFTs, and the use of the term increased as retail investors became more interested in investing during the New Coronavirus pandemic. Spend some time on subsections like WallStreetBets or Crypto Twitter and you will see the term appear in all other posts.

According to an interview with CoinDesk, BAYC founders Gordan Goner and Gargamel imagined a bar that only members of the exclusive club would have access to. Apes (apes) were the preferred members of this club, and the concept of the Bored Ape Yacht Club (BAYC) was born.

April 23, 2021 was the date of the BAYC launch. Priced at 0.08 ETH or about $200 at the time, casting was almost free by today's standards, but it took about a week for this collection of 10,000 NFTs to finally sell out. There was no hype and no appeal. It wasn't until a week later that Pranksy, one of the most profitable and prolific NFT collectors (currently outside the top 10 of Nansen's NFT profitability rankings), began to speak out for the collection.

Going from strength to strength

The BAYC collection is the foundation of the ecosystem Yuga Labs has built over the past year, but it does not represent the entire ecosystem. After feeling that BYAC alone seemed too one-dimensional, the Yuga team decided to create a companion collection: about 2 months after the launch of BAYC, the Yuga team distributed 10,000 Bored Ape Kennel Club NFTs to BAYC owners for free.

This was followed by a third series, Mutant Ape Yacht Club (MAYC), which was launched in August 2021. This time, the total size of the series is 20,000 units, twice the size of the first two series. 10,000 mutant sera were provided to 10,000 BAYC holders, which allowed them to create mutant versions of BAYC. The other 10,000 were sold to the public at a casting price of 3 ETH. This time, the series sold out within an hour and the team raised a total of $96 million.

Recently, the team launched its fourth series: Otherside, a virtual land series created for the upcoming BAYC metaverse. The total size of the collection is 200,000 NFTs, 100,000 of which will be available on April 30, 2022, with the rest to be distributed to NFT holders who contribute to the development of Otherside. Similar to previous collections, existing holders of BAYC and MAYC will be able to collect their Otherside NFTs at no additional charge, while the public will be able to purchase the NFTs for 305 ApeCoins.

The launch has generated a lot of interest in the cryptocurrency space, with 112 smart currency addresses interacting with the sales contract. The price of ethereum network gas flew from 40-70 Gwei the day before to a peak of 8100 Gwei during the mint. this spike caused an uproar on Twitter, with many users disappointed by the mismanagement of the release and the quality of the smart contracts deployed. However, Vitalik himself has responded and concluded that optimizing the contract had little impact on Gas fees.

Land sale sparks world attention

In September 2021, the world-renowned auction house Sotheby's sold a set of 101 Bored Apes (BAYC) and 101 Kennels (BAKC) for a total of $26.2 million, more than 30% above the upper estimate. In the same month, Christie's, another leading auction house, conducted its own BAYC NFT sale. A total of four Bored Apes were sold for a total of approximately $2.8 million.

Both auction houses are leaders in the art and luxury auction world. Looking for works by the likes of Vincent van Gogh, Raphael and Leonardo da Vinci? Sotheby's and Christie's may be where you can buy. The presence of BAYC at auction house events adds a stamp of legitimacy to such collections and NFT in the eyes of the traditional art world.

Sitting at the top

The rivalry between BAYC and CryptoPunks has been brewing since it began its rise to prominence. Over the years, Punks has been known as the preeminent "blue chip" NFT asset due to its long history and dedicated community. While BAYC's floor price repeatedly surpassed CryptoPunks' floor price and eventually passed 100 ETH, CryptoPunks' OG status allowed the series to arguably hold its crown in the NFT space.

However, when Yuga Labs acquired the intellectual property of CryptoPunks and Meebits from Larva Labs, the debate over which was more influential finally died down. cryptoPunks still maintains its OG status and historical relevance, but as of today, the king of NFT is undoubtedly BAYC.

On-chain in-depth analysis

To understand the success of BAYC and its world, let's dive into the on-chain data provided by Nansen to assess if the series is really as successful as it seems.

Overview

This is a high-level overview of the series.

Secondary sales of over 528,000 ETH (after filtering through clean transactions) (as of April 27th)

Highest single-day volume of 15,415 ETH

30-day average daily trading volume of ~1,800 ETH

~6200 holders

257 Boring Apes have been held since minting

Yuga Labs received a 2.5% royalty on secondary sales and has received approximately 14,100 ETH (~$33.8M) in royalties.

Seniority Distribution

As mentioned earlier, holders exceeded 6.2 K. The series took about a week to reach 200 unique addresses, but parabolically trended from May to July to reach over 4,400 unique addresses. About 80% of NFTs have been held for at least 60 days and about 63% have been held for at least 90 days. This indicates that an average of 63% of NFTs were purchased for 93 ETH or less. The floor price peaked at 150 ETH at the end of April and has since dropped to a floor price of about 100 ETH. The average buyer joined the club relatively early, but is still breaking even or making a modest profit during most of the market's downward trend.

How sticky are the floor prices?

In addition to examining the percentage of wallets with substantial profits, let's look at the percentage of wallets holding only 1 BAYC NFT and the balance of diamond lots to assess the sustainability of the current floor price.

The percentage of wallets with only 1 BAYC in their wallet is high. At 81%, it is higher than similar collections in the Nansen Blue Chip - 10 Index, such as CloneX (71%), Azuki (76%) and CryptoPunks (72%). This makes holders less likely to sell their boring apes, as this is the only BAYC they hold, thus creating a more resilient floor price. In addition, there are not as many "whale" holders who can drive down prices by liquidating their collections.

On top of that, there are currently 5,200 BAYCs that hold these NFT wallets that have not been sold. While this number is down slightly from the all-time high of nearly 6,000 NFTs, it is one of the few series that is gradually increasing.

We can also look at shelf activity to get an idea of holder psychology.

Only about 6.5% of BAYCs are on the shelf, with 0.10% within 15% of the floor price, and most are in the 180 - 360 ETH price range. This indicates that most holders are not considering selling, while a small percentage of holders are looking for prices well above the current floor price.

The prices are so high that only degens seem to buy collectibles at all-time high prices. It's hard to imagine smart money not profiting at these prices, let alone ape in.

Looking at the trends in smart money holders, two things stand out.

The number of smart NFT early adopters and smart NFT traders is trending downward.

There is a gradual upward trend in the number of smart NFT holders and smart NFT sweepers.

Overall, early adopters have begun to gradually reduce their holdings, and traders are taking profits and exiting as prices rise. Early adopters may see "financial freedom" level profits. one of the top wallets on the BAYC profit chart is the smart NFT early adopter, which earned a total of 1,404 ETH in profits, a margin of 41,326%.

Traders typically scale up as prices rise, and they have a hard time staying in their positions as BAYC continues to push to new highs. However, smart money addresses, which tend to have a long-term horizon, have been increasing. This suggests that they are optimistic about the long-term outlook for the series.

According to the individual trading dashboard, we have seen smart money indeed still making purchases over the past 30 days. Some of them are even buying at prices well above the 12-hour simple moving average.

The Future of BAYC

BAYC is poised to become a highly influential brand with a cultural impact similar to Supreme, but with social signals comparable to high fashion brands such as Gucci and Louis Vuitton (LV). As their ecosystem grows and evolves, so does their influence and significance. the launch of ApeCoin, ApeCoin DAO and the Virtual Land Collection further solidifies their position in the Web3 world. More mainstream partnerships similar to the Adidas partnership and a trilogy of BAYC films in the pipeline will help spread BAYC's share of ideas among the general public.

With holders being given full commercial rights and control over their NFT, we could see a future where individual BAYCs become celebrities by virtue of having rights themselves. Brands and films may use compelling BAYC images or BAYC with specific characteristics may appear in their commercials or films.

Between these mass media touchstones and the upcoming "Otherside" virtual world, the Bored Ape Yacht Club (BAYC) is now pioneering the meaning of culturally significant NFT collectibles.

Conclusion

BAYC has evolved from a simple JPEG NFT to a broader ecosystem that is becoming as culturally influential as brands like Supreme. Their rapid rise is practically unheard of and unparalleled by mainstream fashion brands and crypto-based projects alike.

While everything they've achieved so far is impressive, to say the least, this may just be the beginning of the larger universe they're about to create. The activity of the holders suggests that both degens and smart money share a similar optimism about the future of BAYC. The team dreams of a world ruled by BAYC, a dream that may not be far-fetched, and where BAYC may become the ruler of the metaverse.

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In 2008, Wall Street investment banking giant Lehman Brothers was forced to file for bankruptcy in the Federal District Court for the Southern District of New York due to its massive exposure to bad subprime debt, with net liabilities far exceeding the firm's market value several times over, nearly destroying the entire modern financial system.

These epic stories of capital showdowns have been told on the streets of the world over the past decade or so, becoming historical landmarks that have been studied over and over again as textbooks. But who would have thought that the same story would be played out again in the crypto market, which is only 10 years old, and broadcasted in "real time" in front of everyone via an on-chain trace.

On May 10th, Stablecoin UST, the native algorithm of the Terra ecosystem, experienced a severe de-anchoring event due to capital roundup and debt crisis, dropping as low as $0.6. The second largest public chain ecosystem with a TVL of nearly $20 billion repeated the horrible disasters of Thai Baht and Lehman at the same time in just 2 days.

Margin Call: UST Crash Life and Death Terra, as the second largest public chain ecosystem in the crypto market, has been a controversial target. On the one hand, through the Luna-UST dual coin mechanism, Terra has successfully promoted its algorithm Stablecoin UST to the entire crypto market, rapidly increasing Luna's price and market capitalization; on the other hand, its "propaganda machine" Anchor Protocol, which was used to promote UST, has been criticized as an unsustainable "Ponzi scheme". (For more on Luna-UST and the Anchor mechanism, see Rhythm's articles "Explaining the Terra Eco: Reading the Economics of LUNA, Mirror and Anchor Token" and "Stablecoin Interest Rates are Up to 20% for a Long Time, Is Anchor a Ponzi Too?)

For a long time, Luna supporters and skeptics alike have appeared to be very extreme. Supporters call themselves the "Lunatics" army, attacking and sweeping away criticism of the Luna mechanism on Twitter and other social media platforms on a daily basis, while skeptics cite "Ponzi" as a reason to expect the day of Luna's collapse. Such an extremely "tense" ecology is hard to be ignored by speculators, and these capital killers are always watching the industry winds and waiting for the best hunting moment.

The opportunity finally came after the Federal Reserve announced another 50 basis point interest rate hike, and since May, the Nasdaq has continued to decline, the market has reacted with extreme pessimism to the macro situation, and the price of Bitcoin has fallen by nearly 10% for several days, spreading panic rapidly throughout the crypto market. The core Terra eco-team LFG (Luna Foundation Guard), on the other hand, announced that it will adjust the UST-3Crv liquidity pool (UST's main on-chain trading venue) on May 8 to prepare for the formation of its own powerful 4Crv pool.

All these conditions created a perfect storm for the capital roundup, so on the night of May 8, the cryptocurrency giants quietly launched their long laid out "roundup plan".

Phase 1: Use UST-3Crv pool withdrawal gap to launch the offensive In the early hours of May 8, LFG withdrew $150 million of UST liquidity from the UST-3Crv pool because it needed to prepare for the formation of the 4Crv pool, which at that time had a TVL of around $700 million and only required about $300 million to drain the UST liquidity.

About 10 minutes later, a new address suddenly dumped $84 million in USTs, severely impacting the 3crv pool balance.

In order to keep the UST-3Crv pool liquidity balanced, LFG removed another $100 million of UST from the pool.

At this point, rumors began to emerge on Twitter that the sell-off was being staged by LFG, and Terra founder Do Kwon immediately tweeted a response.

It didn't take long before multiple Mega Whale accounts started selling USTs on Binance, with each transaction amounting to millions of dollars.

The UST began to decouple as a result of the sell-off, at which point a suspected Jump Trading (UST market maker) address sold off a large amount of ETH to buy UST in an attempt to stabilize the UST's anchor.

To date, the address has sold over 50,000 ETH to maintain the UST anchor, with less than 13 ETH currently remaining on the address.

Up until this point, the attack was mainly done through the UST-3Crv pool and involved around $300 million, which would not have been possible if LFG's $4 billion 4Crv pool had been formed before this attack.

Phase 2: Anchor funds fled in large numbers due to panic Panic spread quickly among UST and Luna holders due to the mini-decoupling event in the early hours of the 8th. From May 8, a large amount of USTs locked in Anchor flowed into the market, further causing a sell-off in USTs.

During this time, LFG announced it was "lending" $700 million of its own bitcoin savings to maintain the stability of the UST

But according to Do kwon, a UST above $0.95 is not considered decoupled, so no bitcoin will be moved above that threshold.

This explains why the UST never returned to the $1 anchor after the decoupling on the 8th.

But what LFG didn't expect was that the UST's prolonged inability to return to its anchor created a huge negative sentiment in the market, and USTs fleeing from Anchor began to sell off massively, dropping the UST anchor below the $0.95 threshold. LFG was forced to start liquidating its bitcoin savings, at which point Do Kwon tweeted again: "More money is being mobilized"

Subsequently, an address beginning with "0x599" began to absorb USTs circulating in the market on a large scale, amounting to over $200 million.

This also quickly rebalanced the UST-3Crv pool, but bitcoin liquidation drove its price down further and market sentiment continued to deteriorate, leading to a massive liquidation of Luna and further UST selling pressure, and the UST-3Crv pool quickly fell back into imbalance.

On the morning of May 10, Jump Trading and LFG, possibly realizing something was not quite right, stopped selling bitcoin savings to protect the anchor and let things deteriorate as the UST plummeted all the way down to $0.60. Although the anchor price has since recovered, the Curve platform UST-3Crv pool ratio is still heavily skewed, with the ratio at one point at 91.37%/8.63%.

Phase 3: Behind-the-scenes deals, rumors of institutional bailouts begin to spread

After the "scary 2 hours" when the UST triggered the death spiral, rumors began to spread that Jump, Alameda and other institutions had made some behind-the-scenes deals and were ready to invest $2 billion to start the rescue. Subsequently, an address starting with "0x6c" did receive a $2 billion transfer, but nothing much happened, and the address has yet to be seen to be linked to the UST event.

Also, Binance seems to be involved in the UST defense battle. According to Hasu, the principal of Uncommon Core, Binance has forced a trading floor price on the UST order book, preventing users from submitting orders at the $0.7 threshold for an extended period of time.

News of LFG's financing broke again this morning, with sources reporting that LFG is seeking help from institutions to raise $1 billion to support UST. According to Larry, a researcher at The Block, the details so far are that Jump Trading, Celsius, and Jane Street have agreed to the financing, with a commitment of about $700 million, and Alameda Research has not agreed. The terms of the institution is to get LUNA spot at a 50% price discount, lock the position for one year, and then unlock it on a monthly linear basis after one year. But at the same time Larry stressed that the financing has not yet been confirmed and that everything is subject to change.

Sure enough the regulatory windfall came the night it happened. According to Rhythmic News, at a meeting on Capitol Hill on May 10, U.S. Treasury Secretary Yellen spoke about the regulation of USD Stablecoin in the crypto market, Yellen argued that legislation for USD Stablecoin regulation is imminent, "this area is growing rapidly and with it comes great risk, as we all know, today Terra UST experienced a round of decline".

There is no doubt that the collapse of UST has once again cast a regulatory shadow over the entire stablecoin circuit, and now we must wonder whether national regulators will launch a "regulatory siege" on Stablecoin in this regard. Will the crypto market lose its "sovereign freedom" in the future?

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Now that the rate hike has come, the market has collapsed and people have ushered in their long-awaited doom. When you open the financial pages, the headline is "Global stocks experience the worst day in recent years" and the VIX panic index has reached a record high since the outbreak of the new crown.

In such a global meltdown, there is often a "the Correlation of One" situation where people have to sell their other assets to fill the hole when there is a massive position exposure, causing the prices of all assets to plummet.

This "panic crash" has also affected the cryptocurrency world, with Bitcoin and Ether both falling to varying degrees. Luna has become the worst "victim" of the current crypto market, under the attack of panic and capital siege.

At 8am this morning, Luna triggered the 'much-anticipated' death spiral as its price dropped, leading to a massive liquidation. As of now, Luna price has fallen to around $29, and UST has dropped off anchor to as low as around $0.60, collapsing the Luna Ponzi once again.

This death spiral is the worst in the history of UST de-anchoring, and "Luna Ponzi" is a topic that only hardcore players discuss.

What exactly happened? Let's start sorting out the whole process from the early hours of last Sunday.

On the night of May 8, the giant whale alert accounts on Twitter started to "alert" frantically, with news of a UST sell-off every hour, and the transaction amounts were all in the millions.

At this point UST was already experiencing some degree of de-anchoring due to the throwing pressure and the liquidity of the UST-3Crv pool was beginning to tilt, but LFG quickly stepped in to put out the fire and prevent further deterioration.

As you read this you may wonder, doesn't UST have a market cap of $17 billion? How can such a small sell-off be a threat to the anchor?

Yes, UST is currently the largest algorithmic stable coin and should theoretically be able to resist strong sell-offs. But there is another protocol strongly associated with UST: Anchor Protocol.

Sure enough, a quick check was a surprise. As of May 5, Anchor TVL rose to $18 billion, accounting for almost all of UST's market cap. In other words, almost all of the USTs in the market are in Anchor making 20% of the APY!

Because of the poor performance of the market, both giant whales and retail investors have taken refuge in the harbor of stable coins, and because of the stable and extremely high APY rates, swapping assets for USTs and depositing them in Anchor has become the most popular choice.

For UST and Anchor, this is a testament to successful marketing techniques, but it also became a grave dug by LFG itself. Previously, in the article "Is Anchor also a Ponzi, with stablecoin rates as high as 20% for a long time? In the article, the high APY and high TVL brought great trouble to Anchor savings and UST anchoring, not to mention that many people also like to Loop to increase their UST leverage, burning a big hole to Anchor savings.

In order to prevent USTs from becoming unanchored, LFG must ensure that the 18 billion USTs locked in Anchor do not flee in large numbers, as the market is now virtually illiquid with USTs. But we know that some clever giant whales spotted the problem last Sunday and started a 'collective migration'.

The small-scale de-anchoring that occurred on May 8 had a huge negative impact on market sentiment, especially for Luna and UST holders. From May 9, a large amount of money started to flee Anchor, putting huge pressure on the UST anchor. LFG saw the situation and immediately carried out a series of aggressive remedial measures, as compiled in the following Rhythmic Tracking report.

May 09, 13:02 - Lending BTC to Protect UST Anchor

LFG announced a $750 million BTC loan to the OTC trading platform to protect the UST with a dollar anchor. LFG in turn will lend (Loan) 750 million USTs to buy BTC as the market returns to normalization.

May 09, 14:01 - Declares No Plans to Cut Bitcoin Position

LFG has decided to deploy $1.5 billion in BTC/UST liquidity ($750 million for BTC and $750 million for UST) to ease market concerns around UST. It also declared that it will not liquidate its BTC position.

May 10, 08:11 - LFG address transfers in 28,205 BTC worth $840 million

In the early hours of this morning, LFG transferred out all of the bitcoins under the address, which is worth about 42,530.8, or $1.27 billion. A further 28,205.5 bitcoins were then transferred in, giving a total of 28,205.5 bitcoins held at that address as of this writing, worth approximately $840 million.

With various remedies, the UST anchoring situation was stabilized on May 9, but panic in the crypto market continues to spread. Yesterday, the entire market was in a bloodbath, which added insult to injury for Luna. According to DeFi Alpha data, Luna will trigger its first major liquidation near $42, followed by $35, $33, $29 ......

At 7 a.m. this morning, Luna fell below $42 and triggered liquidation, with the UST then jumping off a cliff. Half an hour later, Luna fell below $35 and triggered a second liquidation, sending the UST through its previous low of $0.85. Currently, Luna is down to $29 and is about to trigger an even larger liquidation, with loans now worth hundreds of millions of dollars.

Luna's plunge and UST's severe de-anchoring dealt a near "devastating" blow to the Terra ecosystem, with the entire ecosystem bleeding to death, TVL dropping 40% and hitting $13 billion, and the TVLs of the headline agreements all "halved".

According to Coin Marketcap, UST's market capitalization evaporated by nearly $4 billion in just a few hours this morning and is now down to about $14 billion.

As the largest "underwriter" of USTs, Anchor has only $7 billion left on deposit, which means that $7 billion of USTs are still "displaced" outside and could be sold at any time. In order to absorb the USTs in circulation, Anchor's APY has been raised to over 20% again in a rare move.

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So here's the question, when will the merger happen?

This is the only question many people are interested in right now, and the official answer is "when it's ready", which is true, but not very helpful. So, let's break it down.

There are two somewhat separate parts involved, and they make the prediction less straightforward. The first part is simple, i.e., the client's readiness for the merger, while the second part is the difficulty bomb for Ether.

What is Ether's Difficulty Bomb?

The Difficulty Bomb (sometimes referred to as a glacial period) is a mechanism that has existed since the early days of Ether that functions by starting to exponentially increase the difficulty of proof-of-work (PoW) block mining after a certain block height is reached, which in turn increases the time between blocks. There is currently a Dune dashboard showing how block productivity drops rapidly as the difficulty bomb takes effect, which we can then recover from by resetting it with a hard fork.

The idea of the difficulty bomb is twofold, first it provides a mandatory feature for developers to dismantle or delay the difficulty bomb requiring a hard fork, the idea is that if we were to do this via a hard fork then we would use the opportunity to do a protocol upgrade. Especially early on, the purpose of the difficulty bomb was to encourage a rapid shift to a proof-of-stake (PoS) consensus mechanism. In my opinion, it pretty much failed in this regard, as evidenced by (a) the fact that we still haven't successfully moved to PoS and have delayed the difficulty bomb at least 5 times, and (b) the fact that both hard forks, Arrow Glacier and Muir Glacier, only delayed the difficulty bomb and didn't do anything else, and its main impact was simply to complicate the plan.

And the second, more realistic purpose of the difficulty bomb was to prevent miners from continuing to participate in PoW mining after PoS activation. Miners will need to defuse the difficulty bomb themselves, which is not difficult (it only takes one line of code), but the presence of the difficulty bomb effectively forces miners to maintain their own ETH1 client branch after the merge.

In any case, the point is that the current iteration of the difficulty bomb will soon become compelling.

Plan A and Plan B

The ideal path (Plan A), is to perform the merger before the hard bomb becomes a big problem. And the alternate option (Plan B) is to do another delayed bomb-only hard fork to get a few more months to get ready for the merge.

So, it's a race, and Plan A is optimal, but it depends on everything being fully ready before the difficulty bomb destroys Ether. But we don't know exactly when, because time is affected by overall computing power, and we don't know exactly the merge readiness of the client yet.

Most importantly, we hope to have a clearer picture of both by the end of May. By then (or within a few weeks after that), we will have to decide whether to go for it or use a Plan B deferral difficulty bomb like a hard fork. We can't let the decision be made for too long, because organizing a hard fork to defuse the difficulty bomb will also take a few weeks, if needed.

As of now, the test merge seems to be going well (see below), and the latest analysis suggests that the difficulty bomb will not become a serious problem for Ether until mid/late August, when the average block-out time could rise to 20 seconds.

If I were a betting man, I'd bet some USDC on an August merger without delaying the difficulty bomb. But this is by no means financial advice, and don't cry to me if you lose your shirt.

Tim Beiko gives his own take on the merger timeline (which I don't think is substantially different from what is discussed above, for example).

You can join the EF mailing list for updates.

Test Merge

Please see Tim's ACD update for an overview of #TestingTheMerge. You can find notes from the weekly merge testing call here.

Before we get into what developers are doing to test the merge, I want to emphasize the point that if you are running any infrastructure on Ether, you need to be involved in merging to test as well. This is the only real way to make sure your project doesn't break while we're doing this. To that end, my colleague Sajida has put together a merge testing leaderboard to keep track of who's doing the testing.

Mainnet Shadow Forks

Since I last wrote on the topic of merge testing, we have completed 3 mainnet shadow forks, one of which was done in Amsterdam.

Mainnet shadow forks are an excellent test of the merging mechanism and client readiness. They are more or less equivalent to merging the mainnet (although the Ether Foundation and the development team currently control all the validators, which makes shadow forks a little easier). Shadow forks are too cool for me to go into all the details, but in general, as of now, these tests have been a huge success.

The first mainnet shadow fork occurred on April 11, and the following is a summary from Pari.

Marius announced that the shadow fork was a great success, a configuration issue related to gas limitation was found in the Geth client during testing, but the problem was not serious, there were various issues with different clients, but they were found and fixed.

The second mainnet shadow fork occurred during the Devconnect conference on April 23, and the following is a summary from Pari.

This is the first shadow fork where every client survived the merge and managed to stay in sync afterwards, and we're making real progress here!

The third mainnet shadow fork happened on May 5, and this test also passed very well.

More information you can find in the developer conference call transcript.

It includes some new tests on merge synchronization, which found some issues, but they are definitely fixable.

In addition, the Goerli test network has been shadow forked 4 times.

Most importantly, we are planning to merge three existing ethereum testnets in June: Ropsten, Sepolia and Goerli.

Beacon Chain Milestones

As of today, over 10% of ETH is pledged in the Eth2 deposit contract. hildobby.eth assembles a great deposit dashboard that shows the status and history of pledged deposits. The number of active verifiers is now close to 370,000 and growing faster than ever before.

Also, we have some good news in terms of client diversity, Prysm's market share is now less than 50%, which is a much healthier state for the entire beacon chain. In the previous months, Prysm's market share was over 68%, which is a very unstable situation. It seems like it would really help to write some warning articles, but seriously, hats off to the individuals and institutions that have defied the odds and invested time and effort to make changes, because of you Ether is stronger and more secure.

Of course, the battle isn't over yet. The next thing to improve is the diversity of implementation clients, which is even worse than the diversity of previous consensus clients.

Pledges

The pledge page on ethereum.org has been completely revamped and is very nice.

And while Lido has come under some scrutiny recently, Lido is doing exactly the right thing as a tool with a 30%+ share of the pledge market. This seems to have triggered a flurry of transparency. the next chapter of Lido is the updated decentralization roadmap I requested in early March. Beyond that, they share Lido's operator strategy. superphiz has some thoughts on all of this.

Also from Lido, they published an article titled Modeling The Entry Queue Post-Merge, which analyzes how merging might affect Lido's social reward model in the case of very long verifier activation queues.

As for Rocket Pool, Bits Be Trippin gave an overview of Rocket Pool in an interview with Darren Langley, and Rocket Pool announced support for Besu and Nethermind as Eth1 clients in its latest beta release. Yay, client diversity!

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As the leader of the Move to Earn track, STEPN is the best in the GameFi space, both in terms of experience and design of the game's economic mechanism. After the wind of healthy exercise and walking for money, some projects of the same type as STEPN have recently started to enter the public's view. However, some of these projects are still in development, but the Token has already been traded on various exchanges, so players should be careful when entering.

Genopets

Genopets is a Move to Earn based RPG on Solana where players translate their physical movement and cognitive workouts into game progression to upgrade and develop the in-game Genopet NFT and customize it to their liking.

Pantera Capital co-led Genopets' $8.3 million funding round with Konvoy Ventures and other participants including Eniac Ventures, Alameda Research, Solana Capital, Spartan Group and others.

GENE is the game's governance Token, which holders can use to vote on the game's future and receive rewards through pledges, and KI is the in-game revenue Token, which can be used to buy Habitat for pets to live and evolve, and to evolve Genopet, refine crystals, and battle other players.

Walken

Walken is a lifestyle app on Solana, incubated by the GetFit health app with 60 million downloads on iOS and Android, where users will have the opportunity to exercise and play games for cryptocurrency rewards through Walken.

In Walken, the user's daily steps will be converted into GEM (1000 Steps = 1 GEM), which will then be used for the player's NFT characters (CATthletes), including upgrading speed, strength and stamina to help the player fight the game and gain WLKN cryptocurrency.

Movey

Movey is a Move-to-Earn app that combines Auto Pledge and Auto Compounding protocols with blockchain and cryptocurrency integration, allowing Movey users to not only track their health, but also earn MOVEY Token by moving.

According to its official website, Movey offers the best fixed APY in cryptocurrency, up to 100,335%, with auto-compound rewards sent to users' wallets every 12 minutes, 120 times a day. MOVEY is a BEP20 Token that can be used to buy NFT boxes, fix shoes, create NFTs, trade/rent/lease NFTs on the marketplace, and participate in special events, etc.

Sweatcoin

Sweatcoin started out as a Web2 sports and health app, founded in 2015. According to its website, it has 64 million registered users in 20 countries around the world. In the second quarter of this year, the project launched the SWEAT cryptocurrency on Near, which users can earn based on their daily steps and use to buy products, services or donate to charities on the official marketplace.

Each SWEAT user will receive a wallet where they can purchase NFT, as well as a set of DeFi features that will be enabled, including using SWEAT for collateral or providing liquidity, and the ability to convert SWEAT to other cryptocurrencies or fiat currencies.

Anton, the team's CEO and co-founder, previously founded a venture capital firm focused on human resources and fitness technology and has held senior positions at AT-Kearney, Reebok and PepsiCo. Its CPO, Oleg, has held strategic roles at PepsiCo, Coca-Cola, Visa, BT and BCG, among others.

Sweatcoin has also received investments from Spartan Capital, OKX Blockdream Ventures, Electric Capital, Jump Crypto, GSR and Near Foundation, as well as Terra founder Do Kwon, Polygon founder Sandeep Nailwal, Parity co-founder Bjorn Wagner, and others.

Step.

Step is the development protocol of FitFi (Fitness Finance), and Step.App is the first Dapp built on the Step protocol, built by the core team. The project aims to develop a series of location-based "X to Earn" products through NFT and geolocation technology, and to create a gamified meta-universe for the fitness economy where users can walk, jog and run to socialize, entertain and earn money.

Team CEO Kirill Volgin is the former CFO of Zerion.io and has launched several projects in the crypto space, such as Tokenary Wallet, the first NFT wallet with Safari extension support. He has 5 years of experience in blockchain development. In addition, the well-known Kol Dovey Wan is one of the advisors of the project.

Step App token economy includes pledges, lockups, liquidity incentives, buybacks and destruction, which are driven by the demand generated by the economic value of gaming benefits and games.

FITFI is its governance Token, which benefits from ecosystem fees and totals 5 billion, while KCAL is an in-game Token that can be used to purchase Sneak sneakers, and the only way to mint Sneak is to use KCAL. KCAL is issued in 10-day increments, but if you cancel your pledge early, any unclaimed KCAL will be destroyed.

Calo

Calo is a blockchain-based mobile lifestyle app with GameFi elements that allows users to earn income through mobile activities such as walking, running, and training. Upon entering Calo, players will equip their SNEAKER to participate in virtual challenges, starting with running and walking, players will conquer the challenges and earn FIT Token to move on to the next activity in the app.

In single player mode, players are equipped with NFT sneakers and earn tokens by moving around. And, endurance is required to earn FIT tokens, with each endurance equivalent to 5 minutes of movement, which will only begin to replenish once the player has acquired the NFT sneakers. In Challenge Mode, players can join weekly and monthly challenges and must register in the Challenge at least 24 hours prior to launch, and a refundable fee is charged at registration to ensure player accountability.

In terms of economic mechanism, FIT is an in-game Token with unlimited supply, while CALO is a governance Token with a total of 500 million, based on the Heath Mining mechanism, where each challenge completion by each user on the chain triggers the corresponding CALO allocation, including result identification, tokens, holding revenue and NFT mining pool, and all private keys are recorded to ensure its fairness.

Dotmoovs

Dotmoovs is a peer-to-peer competition platform powered by a blockchain and artificial intelligence system for analyzing videos of users performing sports challenges to help the winning side earn rewards.

If two people compete in different parts of the world, how do they compete?Dotmoovs first developed a proprietary artificial intelligence system, some advanced computer vision algorithms and an arbitration engine that detects the human body and its various limb positions, followed by a scoring algorithm to measure the players' skills. At the same time, these unique technologies are combined with blockchain technology, cryptocurrency and NFT for monitoring the practice process and overseeing peer-to-peer sports challenges between users.

StepG (Supe Infinity)

StepG is a Move to Earn game developed by Supe Infinity, a chain-gaming platform that allows players to earn meta-values by walking and exercising every day, which can be exchanged for on-chain assets, allowing them to exercise while gaining income.

In StepG, players need to purchase NFT sneakers with SUPE of the corresponding equivalent value of Usdt to start playing, SUPE is Supe Infinity platform Token. 2500, 1000, 500 and 200 (Happy Dollars).

Step Of Doge

Step Of Doge is a pet-related Move To Earn project on the Binance smart chain that allows users to convert their exercise steps into rewards by using an NFT connected to a smart collar called STEPD-Collar after taking their pet outside.

STEPD is a governance Token, totaling 6 billion, which will be destroyed based on monthly transaction volume. STEPG is an in-game Token with an unlimited supply that players can use to fix or update their in-game NFTs, etc. The team allocates 5% of the total amount to lock up a position for 12 months, 50% to pre-sell, 30% to provide liquidity, and 15% to destroy.

METZ

METZ is a mobile money game on Solana that has a G-sensor on each user's smartphone. METZ then uses native IOS and Android technology to capture real-time motion data and rewards the user with in-game NFTs.

Move

MOVE is a Web3 app that makes money through movement, aims to inspire millions of people to adopt healthier lifestyles through GameFi, and builds a lasting platform of Web3 content through SocialFi.

MOV is its in-game Token, with unlimited production, which can be used for in-game sneaker upgrades, repairs, casting new shoes, etc. MOMO is its governance Token, with a total of 6 billion, which can be used for sneaker customization, sneaker Lv28-Lv30 upgrades, and platform governance, etc.

Fitmint

Fitmint is a mobile money game with built-in NFT and SocialFi elements that allows users to earn rewards in Crypto/NFT simply by walking, running or exercising. First, NFT is minted in the form of sneakers, then by walking, running or performing any physical activity, users will earn in-game cryptocurrency that they can use for in-game activities or cash out for profit.

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Is this just an opaque marketing statement? What exactly is the metaverse? How does one define the term, and where does one draw the line between a metaverse and another virtual world? These are common questions that people ask about the metaverse, so we thought it would be useful to outline how we view it and how the metaverse intersects with web3.

In many ways, the metaverse is just another name for the development of the Internet: more social, immersive, and economically complex than what exists today. Broadly speaking, there are two competing visions of how this might be achieved: one decentralized, generous with property rights and new boundaries, interoperable, open and owned by the community that built and maintains it; the other centralized, closed, subject to the rise of corporations and often extracting painful economic rents from its creators, contributors and inhabitants.

The key dimension for comparing these two visions is openness versus closure, and the differences between them can be conceptualized as follows.

An open metaverse is decentralized, allowing users to control identity, enforce property rights, align incentives, and ensure that users (not the platform) receive value. Among other criteria, an open metaverse is transparent, license-free, interoperable, and composable (others are free to build within and across metaversees).

Achieving a "true" metaverse - open and closed - requires the seven essential elements inherent in this popular state. We believe that these are necessary to meet the minimum requirements for what is called a metaverse. Our goal is to clear the fog of misinformation about what is and is not a true metaverse for builders and potential participants, and to provide a framework for evaluating early attempts at metaverse.

Decentralization

Decentralization is the overarching governing principle of a proper metaverse, and many of the subsequent features depend on or derive from this primary concept.

Decentralization means that it is not owned or operated by a single entity and is not at the mercy of a few power brokers. Centralized platforms often start out friendly and cooperative to attract users and developers, but once growth slows, their relationships become competitive, extractive, and zero-sum. These powerful intermediaries often abuse user rights and de-platforming, and they host captive economies at aggressive rates. Decentralized systems, on the other hand, exhibit more equitable ownership, less censorship, and greater diversity among stakeholders.

Decentralization is important. Without it, anyone can become "clunky" at any time - an instability that discourages people from building on top of it and thus hinders innovation. Because centralized platforms cannot make the same strong code-controlled commitments as blockchains, their commitments can be withdrawn or changed whenever leaders or organizations have a whim about certain arrangements. The most powerful way to prevent such abuses and protect the metaverse is to ensure that control is decentralized.

Property Rights

Most successful video games today make money by selling in-game items, such as "skins," "emotes," and other digital goods. But people who currently buy in-game items aren't actually buying the items - they're renting them. Once someone leaves to play a different game - or if a problematic game unilaterally decides to shut down or change the rules - the player loses access.

People are so used to renting from web2's centralized services that the idea of actually owning things (digital objects that you can sell, trade, or carry around elsewhere) often makes people wonder. But the digital world should follow the same logic as the physical world: when you buy something, you own it. Just as courts uphold these rights in the real world, codes should be enforced online. As it happens, true digital property rights were impossible until the advent of related innovations such as cryptography, blockchain technology, and NFT. In short, the metaverse turned digital serfs into homesteaders.

Self-sovereign identity

Identity is closely related to property rights. If you don't own yourself, you can't own anything. As in the real world, people's identities must be able to persist throughout the metaverse without having to rely exclusively on a small set of centralized identity providers.

Authentication is about identity: proving who a person is, what they have access to, and what information they share. On today's web, this requires doing so on behalf of an intermediary through popular one-click login methods such as social login or single sign-on (SSO). Today's largest technology platforms, such as Meta and Google, use this approach to collect data to build their businesses: monitoring people's behavior to develop models that deliver more relevant ads. Furthermore, since these platforms have full control, attempts at innovation in the authentication process rely on the honesty and willingness of the companies behind the platforms.

The cryptography at the heart of web3 enables people to authenticate without relying on these intermediaries, so people can control their identity directly or with the help of the services they choose. Wallets (such as Metamask and Phantom) provide a way for people to authenticate themselves. standards such as EIP-4361 (Login using Ether) and ENS (Ether Name Service) allow projects to coordinate around open source protocols and independently contribute to a richer, more secure and evolving concept of digital identity.

Composability

Composability is a system design principle, specifically the ability to mix and match software components (like Lego blocks). Each software component needs to be written only once, after which it can simply be reused. This is similar to an interest in compound interest in finance or Moore's Law in computing - some of the most powerful known economic forces - because it can unleash exponential power.

In order to be composable - a concept closely related to interoperability - the metaverse must provide high-quality, open technical standards as a foundation. In games like Minecraft and Roblox, you can build digital goods and new experiences using the basic components provided by the system, but it's hard to move them out of that environment or modify its inner workings. Companies that offer embedded services, such as Stripe for payments or Twilio for communications, can work across websites and applications - but they don't allow external developers to change or remix their black box code.

In their most powerful form, composability and interoperability are possible across a wide range of software stacks. Decentralized finance or DeFi is an example of this powerful form. Anyone can tweak, recycle, change or import existing code. Not only that, but developers can build real-time programs - such as Compound's lending protocols or Uniswap's automated market-making transactions - side-by-side in the memory of a shared virtual computer (ethereum) at their leisure. By combining powerful new elements of property rights, identity and ownership, builders can create entirely new experiences.

open/open source

True composability is not possible without open source, the practice of making code freely available and able to be redistributed and modified at will. Regardless of degree or kind, open source as a principle is so important to metaverse development that we have broken it down as a separate component, albeit overlapping with composability above.

So what does open source mean in a metaverse development environment? The best programmers and creators - not platforms - need complete control to fully innovate. Open source and openness help ensure this. When code bases, algorithms, markets, and protocols become transparent public products, builders can pursue their visions and ambitions to build more complex, reliable experiences.

Openness leads to more secure software, greater understanding of economic terms by all parties, and the elimination of information asymmetries. These attributes can create fairer, more equitable systems that actually keep network participants aligned. They can even eliminate the need for outdated U.S. securities laws, which were designed decades ago to reconcile long-standing principal-agent problems and information asymmetries in the business.

The power of composability in web3 owes much to its open source ethos.

Community ownership

In a metaverse, all stakeholders should have a voice in the governance of the system proportional to their participation. People should not just follow the edicts handed down by a group of product managers at a technology company. If any one entity owns or controls the virtual world, then like Disney World, it may provide some form of escapist component, but will never reach its true potential.

Community ownership is one piece of the puzzle that unites the network's participants - builders, creators, investors and users - to cooperate and work for the common good. This miracle of coordination - previously clumsy or impossible without the advent of cryptocurrencies and blockchains - is achieved through ownership of the network's native asset tokens.

In addition to the technological advances brought about by decentralization, the philosophical implications of community ownership of space are critical to the success of the metaverse. In web3, participants in decentralized autonomous organizations or DAOs have taken this principle to heart. They are shunning the formal rigidity of corporate structures in favor of more flexible and diverse experiments in democratic and informal governance. This allows communities to be managed, built and driven by their users rather than by individual entities.

Social immersion

Large tech companies would have you believe that high-performance virtual reality or augmented reality (VR/AR) hardware is an essential - perhaps even the most important - ingredient in the metaverse. That's because these devices are Trojan horses. Companies see them as a way to become the primary computing interface provider for 3D virtual worlds, and thus a bottleneck for people to experience across borders.

There doesn't have to be a metaverse in VR/AR. All that is needed for a virtual world to exist is social immersion in a broad sense. More important than the hardware are the types of activities enabled by the metaverse. They will allow people to hang out remotely, work together, connect with friends, and have fun, just as they do today with Discord, Twitter Spaces, or Clubhouse.

With the surge in the use of other teleconferencing and telepresence tools such as Zoom, etc., this pandemic highlights the need for a more immersive experience that goes beyond traditional text-based communication platforms such as email. In addition, because of the economic elements outlined earlier - property rights, self-sovereignty, community ownership - the metaverse allows people to earn a living, engage in commerce, and gain status. In the typical knowledge worker workplace, people use tools like Slack to collaborate, while outside the traditional corporate world, Discord and Telegram are prevalent in the bottom-up organizing movement of DAOs.

The metaverse has nothing to do with the "view" model (the tools used to view the metaverse). This is a convenient modality for those who control the manufacturing hardware.

While many companies have begun to build different parts of the whole, we do not believe that a virtual world can be considered a fully formed meta-universe if it lacks any of these parts. We believe - as is obvious in this framework - that no metaverse can exist without the basic foundation of web3 technology.

Openness and decentralization are the pillars of the entire edifice. Property rights rely on decentralization - they must endure despite the influence of powerful adversaries. Community ownership prevents unilateral control of the system. The approach also supports open standards, which contribute to decentralization and composability, closely related properties downstream of interoperability.

The development of an ideal multidimensional virtual world will gradually take shape. Many issues remain to be resolved lest we get anti-utopian analogs like the IOI-controlled oasis in Top Gun. However, if the builders adhere to these axioms, the likelihood of such an outcome is reduced.

When the metaverse arrives, it should fully embody these principles - with decentralization at its core.

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Project name: Dotmoovs

Game release date.

Token symbol: MOOV

Token price: $0.0218 (March 31, 2022)

Official contract address ERC-20.

0x24ec2ca132abf8f6f8a6e24a1b97943e31f256a7

Official contract address BEP-20.

0x0ebd9537a25f56713e34c45b38f421a1e7191469

Official contract address Polygon.

0xe46f5128b933e5a6f907fe73ece80059c222db0a

Total Full Release: 1,000,000,000

Circulating supply: 496,000,000.00

Board: Gamefi

Introduction: If two people compete in different parts of the world, how do they compete? How can we properly and accurately assess each person's performance? dotmoovs is the answer to these questions:.

We first developed a proprietary artificial intelligence system, advanced computer vision algorithms and an engine that detects the human body and its movements by a scoring algorithm to measure the player's skills.

We then took this unique technology for peer-to-peer challenges and combined it with blockchain technology, our own cryptocurrency and some incredible collectibles (NFT).

The result is dotmoovs, a technology company that develops and delivers artificial intelligence solutions, (AI) powered video referees and fraud detection algorithms for monitoring practice sessions and overseeing sports challenges between users.

Related links.

Official website: https://www.dotmoovs.com/

Discord: https://discord.com/invite/ucYDnJPFNY

Twitter: https://twitter.com/dotmoovs

Project Description

The first mobile-based and truly universal encrypted competition environment dotmoovs allows anyone to showcase their athletic skills and compete against others around the world by using their smartphone's camera. And, just like any challenge game, you can invest in yourself, win competitions and earn $MOOV and NFT.

Bring your skills, ambition and smartphone and eWe'll do the rest with AI-based video judges to evaluate your performance. We believe that you should be rewarded for the work you do in your daily sports practice. So practice, challenge others around the world, and win $MOOV and unique digital assets!

$MOOV App Token We plan to make access to sports challenges more free and equal. We want people from all over the world to be able to compete in an environment that is not limited by monetary values, where a small dollar fee can turn into a significant, onerous obstacle to overcome in another currency, and the way to make access free is to provide a level playing field for everyone.

Athletes can collect $MOOV and NFT by participating in challenges on the platform, improving their rankings or completing milestones. by pledging $MOOV tokens or providing liquidity, athletes can unlock $MOOV rewards that can be collected based on their activity on the platform.

Allows athletes and other users to pledge $MOOV tokens and earn NFT collectibles with their favorite sports superstars. A hybrid collection model where you can STAKING, MOVING, or BUYING to earn collectibles.

For athletes, $MOOV tokens provide access to tournaments, leagues, high stakes, reduced fees, and exclusive NFT opportunities.

For the community, $MOOV tokens allow clubs, brands and live event organizers to go completely digital and organize live events worldwide. By pledging $MOOV, each community can start organizing events, customizing their challenges, prizes and fees.

Dotmoovs' token distribution. Total Circulation

1,000,000,000 $MOOV tokens

Initial Market Cap

: $768,000

Public Offer Amount

40,000,000

Public Offering Price

: $0.004

Distribution. 32% Private/public.

Round for all strategic investors

24% Liquidity funds.

Initial supply of decentralized and centralized exchanges to ensure a healthy secondary market

24% Ecosystem.

Tokens for marketing, growth, partnerships and exchange listings

10% Base Reserves.

Reserve pool to help protect the future and long-term growth of the platform

10% Team.

Ensuring our founders and team members are aligned with our token holders and token users

Token Offering Schedule Public Offering.

Fully unlocked

Private Sales.

TGE 20%, then 20% more every 2 months

Teams and Advisors.

1 year fully locked in, then 25% quarterly

Liquidity Funds.

20% TGE, 10% per month for 8 months

Ecosystem.

TGE 20%, 10% per month for 8 months

Base Reserves.

1 year fully locked in, then 25% per quarter

We want to provide a fair distribution model for all participants in the dotmoovs project. Just like we want to level the playing field for the sports industry on the blockchain, we really want to extend that mentality to everything we do. We want $MOOV to coordinate incentives between all stakeholders in the dotmoovs ecosystem.

Project Roadmap

Investors

Exchange

The two most important branches of the metaverse: VR (Virtual Reality) and AR (Augmented Reality) are always evolving, and with the wide spread of 5G networks, the groundwork is being laid for the arrival of the metaverse.

Dotmoovs remotely connects your friends or challengers around the world through your smartphone's camera, accounting for your sports performance with specific algorithms and giving certain rewards. dotmoovs takes Play2Earn to another level - elevating it from the world of eSports to It also seems to be a bold attempt to move from end-game to mobile, which has a lot of similarities to GMT, which has been a big hit lately.

Currently Dotmoovs' app side supports remote challenges for soccer sports games, and more sports will be added next.

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The whole cryptocurrency wave, learning is making money, chatting is making money,

The whole cryptocurrency wave, learning is making money, chatting is making money, sharing is making money. Even sleep-is-money projects are on the rise. The community has tapped into one of these fundamentals as a very promising project

Step is a development protocol for FitFi (Fitness Finance). fitFi is at the intersection of manufacturing physical and digital. By using NFT and geolocation technology, this is the culmination of a very physical experience (fitness) in a virtual world. step's FitFi metaverse has the added feature of augmented reality for better immersion.

Step App is the first app on the protocol, built by the core team. step App is community owned by FitFi. celebrity approved tokenized fitness app.

The M2E model of STEPN swept the world with a hundred-fold increase that made countless people miss the opportunity of wealth freedom. Nowadays, the hot bloom of the running money model in the cryptocurrency circle has exceeded everyone's imagination.

The crazy influx of capital has also triggered various X to Earn orgies. More than 102 of the top VCs and infrastructure providers in the crypto market have all bet on the X2E concept, investing more than $12 billion. After stepn, another dark horse came out of the circle this year-step.app

Official website: https://step.app/

Twitter: https://twitter.com/stepapp_

Discord: https://discord.com/invite/stepapp

White: https://step.app/memorandum

TG: https://t.me/stepappchat

FITIFI contract address: 0x714f020C54cc9D104B6F4f6998C63ce2a31D1888

Step App White Paper

1, Overview

Step App is the first application on the protocol, built by the (Fitness Finance) core team.

Step is a development protocol for FitFi (Fitness Finance). fitFi is at the intersection of making physical and digital. By using NFT and geolocation technology, it is the culmination of a very physical experience (fitness) in a virtual world. the add-on to Step's FitFi metaverse is augmented reality for better immersion.

FITFI is the total number of Step governance tokens: 5 billion (AMAX chain)

Mined Mineral Output: 30%

Pledges, liquidity and incentives: 20%

Teams: 15%

Public Offerings: 14%

Marketing, Acquisitions and Licensing: 15%

Partners and Advisors: 6% (one year lock-up)

IDO public offering details: 0.0049, TGE 10%, 90-day cliff period, then 5% released every month

It is currently on Sesame, and will soon be on Coin and Firecoin.

2, what is FitFi?

There has been a heated debate about the role of venture capitalists in web3. If ownership is to be decentralized, then large institutions should probably not own a large share of the agreement. The community has been outspoken about this cause. Depending on the future of web3, we* run the initial token distribution in a model that is most fair, rather than offering tokens to VCs first, with everyone having an equal and fair chance to join the TGE event on the same terms

3, FitFi Protocol.

There are already a number of FitFi products, namely Stepn and GeneNet. Both are built on their own native systems. StepApp is solving the biggest bottleneck and cost driver for the FitFi markup. The Step Protocol SDK is available for third parties to build in the Step meta. Ready to deploy geolocation technology, NFT casting and trading capabilities, user access, token mechanisms and more as needed, any developer, team or even global brand can immediately deploy a web3FitFi application. stepApp is the foundation of the FitFi marketplace. The early mobile advantage ensures that the protocol and associated SDKs can become the industry norm: a robust meta-version and technology stack that powers the FitFi economy

Economic model

1, Token Economics

Step App token economics include pledge, lock-in, liquidity incentive, repurchase and destruction. These are driven by the demand generated by the game benefits and the economic value of the game.

FITFI tokens are governance tokens. These benefit from ecosystem fees.

KCAL tokens are in-game tokens. KCAL tokens are used to purchase SNEAK and are acquired through runs when SNEAK is pledged.

The Step App token economy includes pledges, locks, liquidity incentives, buybacks, and destruction. These are driven by the demand created by the economic value of the game's benefits and play.

FITFI tokens are governance tokens. These benefit from ecosystem fees.

2, Game Economy

The revenue streams are divided into two segments

I. Play to earn

1.1 Microtransactions: non-sneaky purchases, such as map styles, character skins, sneaky skins, skins, etc. from the store Purchased with credit card or cryptocurrency.

1.2 Wager Games: Players can run with friends or compete with others. These competitive runs can be done with a fixed governance token. The winner receives a fee of 2.5%.

1.3 Race Games: Players can compete for their steps on a global and regional leaderboard. Competitions are won to unlock unique skins and get a dedicated leaderboard. A ticket is required to participate in the tournament and the purchased ticket will provide a prize pool and the tournament will charge 5% of all accrued ticket fees.

2.1 NFT Marketplace: All NFT transactions on the in-app NFT Marketplace are subject to a 2.5% fee.

2.2 NFT Sales: Limited edition sneakers will be released once a month.

II. NFT Earnings

NFT Marketplace: 2.5% fee for all NFT transactions on the in-app NFT Marketplace.

3, the game to get token value economy

1. Buyback: 50% of the game revenue is used to purchase tokens for the marketplace

2. Burn: Governance can vote to burn up to 50% of the repurchased tokens

3. Share bonus: up to 50% of the marketplace tokens purchased are distributed to the dealer

4. Lock: Spare tokens require a 10-day cooldown, bypassing this cooldown, major shares require a 12% fee

5. Token economy in applications

DUbo: DUbo tokens and LP tokens unlock certain sneak attack and Avatar skins. Avatars can be seen on leaderboards, friends and public maps. 2.

1. Discounts: 2.5% royalty is charged on the game nft transactions, i.e. skins. If the player holds a minimum number of game tokens, the fee will be discounted to 2%. 3.

2. buyback: 50% of the NFT transaction fee is bought back in the market, DAO may vote to burn.

5, from the game economy of KCAL token economy

1. Minting: Sneakers can only be minted with KCAL tokens

2. Earn: Earn KCAL when running on pledged SNEAK NFT

STEPN vs StepApp

STEPN more than 600 times up, more than 1.7 million players, so people have a new perception of M2E model. Missed StepN, how can not catch StepApp again. the game has not started, STEPN game reservation players more than 100,000 people, and the most critical point is that the two do not conflict, can be installed to the cell phone at the same time, while running to earn, can think STEPN players will definitely also join to StepApp.

The advantages of playing.

Purchases can be made from the store using credit cards or cryptocurrency.

Betting game, play against friends and get rewarded with governance tokens.

Tournament play, global and regional leaderboards, and ticket fees as prize pools.

NFT transaction fee 2.5%, once a month limited board sneaks will be offered.

Buyback: 50% of the game revenue is used to buy tokens on the market. Governance can vote to burn up to 50% of the repurchase tokens.

Pledge bonus: up to 50% of the marketplace purchase tokens are allocated to pledgers.

Game subcoins kcal, earned subcoins are released on a 10 day cycle.

One last and very important point is that step.app is the third subnet project of Avalanche.

The subnet has access to the Avalanche chain ecosystem and user base, and is also compatible with EVM, which means that it can use the normal Metametrics.

That is, it can be accessed directly using normal mainstream wallets such as Metamask.

It basically follows GMT's route to market, and is part of the regular army down the road, directly issuing coins first for market making and vampire attacks.

As for the specific gameplay of the game, we wait for the game to come out of the beta service, in tracking, but the important information that is already known is that the users who have made appointments to register for the beta service have exceeded 10w. Early May will be pledged tokens to grab shoes, the end of May, the game will be officially online.

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01 Brief description of the project

Ariva is a new blockchain platform that aims to improve the current inefficiencies in the travel industry by providing it with a next-generation blockchain-oriented ecosystem. As such, it hopes to transform the global industry by incorporating cutting-edge products and services into their respective ecosystems.

According to its white paper, this is divided into several key areas, namely Ariva.Club, Ariva.Finance, Ariva.World, and most recently, Ariva Metaverse, all of which are also interconnected and therefore allow for enhanced interconnectivity and a unique experience for both visitors and travelers through the intuitive use of blockchain technology.

As mentioned earlier, the team recently launched a metaverse project called Ariva Wonderland, with land sales set to begin at the end of January. the goal of the Ariva metaverse project is to combine the themes of travel and VR in a cryptocurrency space to create a second life for the growing travel business. Thus, users should be allowed to enjoy a new generation of digital travel filled with seemingly limitless future travel experiences in this way, which will certainly be very beneficial, as no one knows when the current epidemic will really end and thus the metaverse and VR are moving towards playing an increasingly important role in the foreseeable future.

02 Project Explanation Ariva has four different ecosystem integrations.

Ariva.World is the first B2C global travel and tourism platform integrated with cryptocurrency all over the world

Ariva.Game (Ariva Wonderland) is a travel Metaverse, a completely next generation and unlimited travel experience, and a virtual second life.

Ariva.Club (Ariva Club) is a new social media platform for everyone to share their experiences about the relevant travel industry and get rewarded with cryptocurrency.

Ariva.Finance is a next generation payment gateway based on blockchain technology!

Ariva has a major partnership with the World Travel Forum Institute and the Global Travel Forum, the London-based organization at the forefront of fostering new solutions and ideas for the travel industry. As a leading brand in international tourism development and investment, the World Tourism Forum Institute is dedicated to promoting developing countries in the areas of tourism development, economic growth, foreign direct investment through tourism investment, and human resource development within the industry.

03 Economic Model.

Currently, ARIVA has a circulating supply of 50,000,000,000 and a total supply of 100,000,000,000.

04 Team / Financing / Partners

05 Project Analysis Ariva has become one of the fastest growing blockchain platforms focused on the travel industry. The innovative blockchain protocol develops an ecosystem divided into key areas - Ariva.World (B2C online crypto travel booking portal) and Ariva.Finance (crypto payment channel) and Ariva Wonderland (the world's first travel meta-world).

In recent days, it has also achieved an important milestone with the launch of ariva.world, where travelers can book travel services using Ariva Coin and stablecoin. In addition, the Ariva.Finance payment gateway is now live, allowing users to book directly on Ariva.World through the gateway.

Ariva has also developed an intuitive mobile application that can be downloaded on the Apple Store and Google Play Store.The latest developments at Ariva demonstrate the growing popularity of the blockchain protocol.

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Exeedme is built on Polkadot, powered by DeFi and NFT, a competitive gaming ecosystem created for gamers, developers, and organizers. It seeks to monetize player skills and asset digital props and collectibles for games.

Exeedme promises to be player-centric, with the majority of its economy flowing to gamers of all levels, so that players can earn money through gaming without becoming professional competitive gamers, and with lower entry requirements for newcomers.

Exeedme's innovation is that you can earn rewards by placing bets, win or lose, with corresponding rewards.

Official website: https://www.exeedme.com/

Twitter: https://twitter.com/eXeedme

Telegraph: https://t.me/exeedme

Discord: https://discord.com/invite/TBCP6zV4yt

Project Explanation Numerous studies have shown that there are more and more gamers around the world, with consumer spending on games reaching $116 billion in 2021, according to App Annie's report. In the past, those who made money from playing games were often limited to professional gamers, and most gamers were left to run with the game and had no real ownership over their game collections, making it impossible to re-trade and re-cash them.

The main models of current games are P2P (pay-to-play) and F2P (free-to-play), and the reality proves that the F2P model can make the game business expand faster. The P2E (Play and Earn) model will become a major reform in the game business model, and is currently an important segment that various investment institutions are focusing on.

Exeedme is one of the many P2E projects.

Exeedme's key goal is to create a highly interoperable gaming platform where players can participate in games and receive tokens, $XEDs and NFTs from different blockchains, including the addition of a DEX system for trading, swapping, auctioning or buying rare NFTs on multiple blockchains.

This feature is to be built on Polkadot to ensure that assets are transferred between games on different blockchains, forming a pluralistic digital universe with higher liquidity and inclusiveness.

Exeedme's general gameplay.

After selecting a game, players can set their bets and then challenge their friends or players matched out by the platform. The player who wins the game will win all the bets from both sides, and whether they win or lose, the players involved in the game will receive a certain amount of tokens $XED.

When players reach a certain level or complete certain tasks, they will be rewarded with NFT; alternatively, players can also pledge $XED to receive $XED and NFT rewards.

Currently available games: CS:GO, DOTA2, WARZONE, ClashRoyale, VALORANT, Fortnite, more popular games will be added later.

In January 2022, Exeedme Hackathon announced a partnership with SpiderDAO and Umbrella Network.

In the same month, Exeedme announced a partnership with Aleph.im, using its IPFS service to further enhance the decentralization component. Alemp.im's technology stack, which incorporates off-chain and on-chain decentralization technologies, peer-to-peer links to blockchains including Ethereum, Polkadot, Cosmos, Solana, Avalanche and Binance. Primarily serving EXeedme's NFT metadata and assets for long-term retention.

In February 2022, Exeedme underwent a major upgrade with the following new additions.

Free Data2 matchmaking - $50 daily entry bonus.

Free COD matchmaking - $50 daily entry bonus.

Free CS:GO Weekly Ladder Battle - $50 daily entry bonus.

KYC has been moved to the withdrawal feature, which means that KYC is only required for withdrawals. overall, this improves the pure player experience.

How do I participate in game mining?

First buy $400 worth of $XEDs Place $XEDs in your platform wallet Start betting on the game Economic Model Token Information

Token symbol: $XED

Contract address: (ETH) 0xee573a945b01b788b9287ce062a0cfc15be9fd86

(BSC) 0x5621b5a3f4a8008c4ccdd1b942b121c8b1944f1f

(Polygon POS) 0x2fe8733dcb25bfbba79292294347415417510067

Current Price: $0.36

Current market value: $27,701,224

24-hour trading volume: $13,877,707

Fully diluted valuation: $35,064,840

Liquidity: $79,000,000

Total supply: 100,000,000

Maximum Supply: 100,000,000

Token Allocation Seed Round: 10% (Price: $0.0125)

Private Placement/Pre-Sale: 30% (Private Placement price: $0.025; Pre-Sale: $0.03)

Streaming pool: 20% (Uniswap: $0.05)

Eco: 20%

Team: 10%

Reserve fund: 10%

Seed round: TGE 20%, releasing 10% in each of the 8 months

Private/Public: 25% TGE with 25% release every month for 3 months

Teams and Advisors: 1 year lock-up with 25% release every quarter

Ecosystem: TGE 20%, releasing 10% every month for 8 months

Liquidity: 20% TGE with a 10% release every month for 8 months

Reserve Fund: locked position for 1 year with a 25% release every quarter.

Investment Background Team members Nuno Fernandes (Founder & CEO), Francisco Varela (Founder & CSO), Joana Barros (Chief Community Officer), Arlindo Torres (CTO), etc.

Investment Institutions Au21 Capital, GBV Capital, Moringstar Ventures, Spark Digital Capital, VYSYN, etc.

Roadmap 2021 2021.Q1-Release of beta version 2021.Q2-Open game mining 2021.Q3-Live NFT rewards 2021.Q4-Migration to Polkadot

2022.Q1 Enhance UI/UX interface Lower the earning threshold KYC moved to withdrawal function Improve anti-cheat system Soldier Mall Soldier Community DAO

2022.Q2 Handicap Launch Exeedme Game Live Launchpad Alpha

Summary The games in Exeedme, including CS and Call of Duty, are centralized games, not self-developed chain games. The advantage of this is that it is obvious that there is no need to spend time on the development of the games, using existing popular and successful competitive games, and the user traffic brought by these games or platforms, which greatly enhances the development and operation of the whole project. The team only needs to plan for the set DeFi and NFT rewards.

The NFTs in Exeedme are different from the props in traditional games, for the NFTs obtained (skin weapons, etc.), players can trade and transfer them by themselves, even if they leave the game, the assets are still their own.

From the past to the present, new partners are being added, which will inject more and more powerful technology and resources into the Exeedme ecosystem.

Critic Matthew Ball has described that the metaverse will have the following characteristics.

Permanent continuity. Synchronized, real-time operation. An uncapped number of concurrent users. be a fully functional economic system. provide unprecedented interoperability of data and digital assets. encompassing content and experiences, created and run by a massive number of participants.

In summary, Exeed is gradually moving in this direction.

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Preparation After my test, I can only play on IPhone, Android if you can use Google Play, you can also.

But my device is not integrated with Google play, so I will not write a tutorial.

If your phone is Android, and you really want to experience it, the easy way is to go to Taobao to find a solution, and if you have the ability to do it, you can follow the tutorial below to try it, I tried it, and it worked.

Introduction Official website: sweatco.in

Project website: sweateconomy.com

APP download address: sweatco.in/i/zlexdl

SweatCoin is a StepN-like running project, but you don't have to run, just walk, the project in 2018, has 64 million registered users, will be uploaded to Near this summer and will launch the token SWEAT, when Sweatcoin will be exchanged for SWEAT at 1:1.

So who's paying for all this?

The project has partnered with over 600 brands, insurance companies, and governments. The value of the tokens you receive in exchange for goods is provided by them.

Team From all over the world - UK, Russia, Azerbaijan, China, South Africa, France, Kazakhstan, Belarus, Poland, Romania, Spain, Italy, Greece, Turkey, Netherlands, Philippines.

Investors Near Foundation and OKX led the investment, along with other VCs such as Blockdream ventures.

Install App

https://sweatco.in/i/zlexdl

Introduction of functions in APP

It is easy to see, the top left corner is the user information, the top right corner is the account balance which is the sweatcoin you earn, the middle is the number of steps for the day, and the bottom is the navigation bar.

At the bottom is the navigation bar. In the Home scroll down, there are three tasks per day, watching ads and earning sweatcoin

Click the Insights button in the middle of the Home page to go to the historical data screen, which wasted my 17574 steps yesterday.

Click on the second icon in the navigation bar, you can see, your sweatcoin can be used to buy things in the store, you can also donate, you can also bid on the auction, the last one is this summer to carry out the virtual currency exchange.

By the way, you can buy Netflix membership in the store, but unfortunately it is not available now, I will buy it next time I see it.

Roughly these functions, the APP design is quite simple, you can see more by yourself.

How to play Every 1000 steps give a sweatcoin, you can get up to 10 sweatcoins per day, which is 10,000 steps.

Just walk, it's not that tiring.

If you want to get more tokens, you can kryptonite

5 per month, $25 per year There is no limit to the number of steps you can record, and you can double the number of tokens you get.

Q & A Q: Who pays for it?

A: Brands, insurance companies and healthcare providers on the platform.

Q: What does the official use my data for?

A: The official line is clear: We don't sell your data and we never will!

Q: What is the future of Sweatcoin?

A: Officials are in talks with local and national governments who share our vision of a more active, healthier society. We are also working with healthcare providers and insurance companies to create an even greater push. We see a future where Khancoin is a currency for everyday use: grocery shopping, even paying taxes. So watch this space - earning sweatcoins today could be a smart investment tomorrow. Join us on the journey. Download Sweatcoin today and never walk for free again.

https://sweatco.in/i/zlexdl

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Events Test the game, get the main network NFT.

Monsterra Event Schedule Start date: April 14, 2022 at 1:00 p.m. UTC Ends: April 30, 2022 at 1:00 p.m. UTC

Introduction The game takes place in a fictional world called Monsterra.

At the beginning of the game, players can build monster habitats on an island, which others can buy with the game token MSTR.

The currency in the game is Foods, and the tokens are MSTR. there are many monsters, each with an affiliated type.

Players start the game with a monster soul core that can hatch into monsters and can recruit more by completing events, buying or breeding them.

Players can upgrade their monsters by feeding them, obtaining monster food on production lands and as rewards.

Feeding production, breeding and other tasks take time to complete, but players can speed up the process by spending MSTR.

Scope of the test net version. 1 . Blockchain: The TestNet version runs only on the BSC TestNet blockchain and the Metamask wallet.

2 . Platform: testnet version runs only on Web unity on supported web browsers (e.g. Google Chrome, Apple Safari, Microsoft Edge, etc.)

3 . Ecosystem: In the testnet version, players can experience all of our major components, including

Playing the game: https://testnet-play.monsterra.io/ where players can play the farming phase of the game. Marketplace: https://testnet-marketplace.monsterra.io/玩家可以在这里交换他们的资产. DAO: https://testnet-dao.monsterra.io/#/ Players can create and manage their accounts and wallets here. 4 . Whitelist: Only whitelisted players can access the game.

Preliminary Preparation: Prerequisites A computer with a working browser Metamask Little Fox Wallet A Coin Test Network node has been added The game can also be played on the Terra chain

Add the following two Token tokens to the wallet MSTR token: 0x59Bd08246CD877a08a3210e901B49d4BD7EE4aAe MAG token: 0xD4762603e47c1636122156022cA1916e34EA8C64 Taps TBNB pickup connection: https://testnet.binance.org/faucet-smart

Receive one TBNB per IP per day

Registration Step 1: Visit the Monsterra DAO website

https://testnet-dao.monsterra.io/#/?code=MS4LDQWTR

Step 2: Hover your mouse over the Register button.

Step 3: Click Register with MetaMask Wallet.

Step 4:Sign the "Signature Requisition"

You can also register by email, please refer to the following link for details

https://testnet-docs.monsterra.io/setup-testnet-account/sign-up-and-sign-in/sign-up-by-using-email

Claiming assets for testing Click on the Claim faucet link in the navigation bar menu

Then you can receive the assets for testing

Remember that you can collect it once a day after 0:00 am

Developing Land What is a Landplot? A Landplot is a piece of land in the Monsterra world. Each Landplot represents a specific part of the environment.

Types and Rarity Landplots are divided into the following types.

Landplot Core. Breeding nests. Hatchery. Farm. Food storage. Habitat. Each type is divided into different rarity levels.

Common. Rare. Rare. Epic. Legendary. The higher the rarity of a Landplot, the more superior its stats are.

Refer to the following links for details:

https://testnet-docs.monsterra.io/gameplay/develop-land/landplots

Blueprints What is a blueprint? In order to connect all parcels together, the user needs to use the Land framework defined by Landcore.

Landcores have several rarities. Depending on the Landcore rarity, the land has different development restrictions.

Users can own Landcore by.

Opening a drop box. Buying from a pre-order event. Participating in an auction event traded on the marketplace. Opening the magic box. By farming the land, users can produce consumables from the land that are used to feed Mongen.

For ease of use, land frames are compressed into magic scrolls called blueprints.

Pets:Mongen What is a Mongen? In Monsterra games, the main characters are called "Mongen". Each Mongen has a unique rarity created by a unique DNA code. These creatures can be used as follows.

Production. Defend the land (WIP). Attack (WIP). Races There are 5 different races of Mongens in the Monsterra world.

Beasts. Tektos. Mystic. Celestial (WIP). Chaos (WIP). Each type is weaker than the other.

Stats Mongen's statistics will be calculated based on race, body part and rarity data. Each Mongen has basic statistics, including.

Soul Cores Users must hatch Soul Cores to obtain new Mongen. each Mongen race has 5 rarity levels of Soul Cores.

Common. Rare. Rare. Epic. Legendary. Each Soul Core will hatch into a Mongen with the appropriate rarity.

Upgrades and Evolution Feeding and Upgrading Level is the Mongen growth statistic.

Each level of Mongen needs a certain amount of food to reach the next level. the Mongen stats will increase as they are upgraded.

Development Evolution levels represent Mongen level limits and slightly increase Mongen stats.

Mongen require MAG and evolution points to evolve:

How do I breed in Monsterra? Mongens are social creatures, so the breeding nest is where new soul cores emerge after the breeding process is complete. Mongens can be bred to create new offspring. To avoid Mongens overpopulation, the maximum number of times a Mongen can breed before it becomes sterile.

It takes two Mongens to place a Soul Core and costs MSTR and MAG, depending on the rarity of the Mongens and the number of times the Mongens are bred. the MSTR portion is variable and will be adjusted for a myriad of economic factors.

Monsterra does not sell MAGs directly to players; MAGs can be earned by playing the game. Once earned, you can withdraw it to your wallet from this page.

Genetics As a quick refresher, each Mongen consists of 6 different body parts including shape, head, eyes, horns, tail and back. The child Mongen will be born based on the genes of its parents and grandparents. Each Mongen gene contains.

Primary Trait: Self-Mongen body part Relative Trait Father: Father-Mongen's body parts Relative Trait Mother: Mother-Mongen's body parts Hidden traits: Body parts of the Mongen race These traits define the personality of each Mongen, and these traits are created randomly. In other words, each trait has a different probability of appearing in the next breed. You can check the following links:

https://testnet-docs.monsterra.io/gameplay/develop-mongens/breeding

Official and investment information: Official Website: https://monsterra.io/

Twitter: https://twitter.com/Monsterra_P2E

Telegraph: https://t.me/monsterragame_chat

Blog: https://medium.com/@monsterra.io

Tubes: https://www.youtube.com/MonsterraNFTGame

Token: MSTR

Total amount: 100.000.000

Public Chain: BSC & Terra

Welcome to join #NowhereDAO, a free information and token information sharing platform

https://discord.gg/J2VgsJTJm7

Since its inception in 2015, ConsenSys has played a fundamental role in the continued development of the Ether protocol. From day one of Eth2 planning, the ConsenSys protocol engineering team has been working tirelessly to achieve the merger of.

Diversity and Openness Proof of entitlement will democratize network participation and distribute rewards more equitably through new incentives, verifiers, and innovations.

New incentives are designed to encourage greater participation by single-node verifiers, while holding larger participants accountable. An example of this is the anti-correlation mechanism, which imposes smaller penalties on single-node verifiers than on large pledges like Coinbase or Lido, which operate thousands of nodes. The anti-correlation mechanism enforces the principle that "with great power comes great responsibility" and encourages large players to align themselves with network goals such as customer diversity.

PoS not only has lower resource requirements for authentication nodes, but is designed to reward all participants, not just those with the most computing power. While there will still be network participants with more nodes and whale shares, each node will have an equal opportunity to be rewarded.

It is also important to remember that while PoS will help make Ether more diverse by introducing new participants, it is still the responsibility of validators to help promote client diversity by choosing diverse software clients. consenSys offers free and open source Ether client software, such as Besu and Teku, as we strive for a even distribution.

New innovations like pledge pools lower the barrier to participation and allow multiple parties to pool their ETH to meet a minimum pledge threshold of 32 ETH. ConsenSys is one of 14 organizations in the Rocket Pool DAO that support fully decentralized pledge pools.

Upgrading to PoS will make Ether more open and diverse. The diversity of clients, validators and Layer 2 will also ensure a healthy and scalable network that democratizes participation.

Energy Efficient Evolving the network's consensus approach ensures that Ethernet can sustainably support the next generation of Web3 creators and developers without harming the planet.

PoS will reduce energy per transaction by 99.95%, roughly equivalent to the energy consumption of the Netherlands, down to streaming an hour of Netflix (234 watts) or making a pot of coffee (40 watts). Ether is here to stay and improve the world, not hurt it.

The PoS upgrade also makes Ether more modular. This modularity separates compute-intensive execution from the consensus layer and is part of running a network that uses less energy.

Other efficiencies in L2 aggregation and sharding will reduce the amount of energy consumed by Ether by several orders of magnitude.

Seamless Transition Developers working on Ethernet can rest easy, as common APIs for front-to-back merged architectures and reuse of existing components such as the Ethernet execution clients Besu and Geth will ensure a seamless transition to an uninterrupted development experience. This means little or no rework for existing applications, but we recommend you test to be fully confident.

The similarity of the PoW and PoS interfaces means no API changes are required. the Engine API is compatible with existing infrastructure and developer tools from the outset. Leveraging existing components also ensures that there is no need to rewrite smart contracts or dapps or migrate infrastructure. For dapps that rely on random opcodes, some infrastructure updates may be required. If you are an ethereum developer and would like to start testing your dapps and infrastructure ahead of time, we encourage you to do so with the recently launched Kiln Test Network.

The added client choice and flexibility will allow developers to mix and match to meet their needs, such as using a lightweight client at the execution layer and a heavyweight pledge client at the consensus layer.

Migrating to PoS also means more predictable out-of-block times and fees, which will reduce uncertainty when designing high-traffic solutions with 12-second heartbeat out times and baseline fees established using EIP-1559.

Supersonic Currency The merger will result in a newer crypto-economic model, reducing the issuance of Ether and providing **stronger security for end users and the DeFi industry. **The merger will also limit the supply of Ether, making it more scarce and therefore more valuable.

The network economy is inherently dynamic, but it is worth noting some of the potential outcomes combined with the migration to PoS. One is to reduce the number of tokens created to pay verifiers (by 90%), and the second is to destroy tokens collected as transaction fees rather than passing them on to miners.

The cost of attacking the chain will also increase significantly (by a factor of 10-20). The democratization of participation ensures that attacks are almost impossible. At the current level of 350K verified nodes (pledging 10M ETH), the cost of attacking the chain is 51% of $34B. The deflationary impact of PoS and EIP-1559, and the expected increase in pledged ETH after the merger, will exacerbate this attack cost.

More importantly, attacks will become easier to recover from, in part because cuts will destroy the equity used for the attack, requiring further investment to sustain the attack. A soft fork activated by a small number of users could also be coordinated by the community to destroy the attacker's coins.

The above is my opinion, welcome to join our community

https://discord.gg/J2VgsJTJm7