Altcoins, DeFi thread

[jacoavlu]

Anyone else playing around on Arbitrum? I got the drop but the network is down and cannot unload them Stupid bots.

No. What is arbitrum

[Lordosis]

No. What is arbitrum

L2 network my sh!tcoin Magic is on.

[jacoavlu]

L2 network my sh!tcoin Magic is on.

What does magic coin do

[bovie]

What does magic coin do

Disappear!

[Lordosis]

What does magic coin do

Nothing I can tell. People play games with it. Some of the games are interesting or fun but I don't know why it needs its own coin. But it appears to have survived the crash and I am speculating on it for fun. I know a few people who who are very heavily into it but their explanations still do not make sense to me. I am trying to figure out if the are smart or lucky.

[Dont_know_mind]

L2 network my sh!tcoin Magic is on.

For a Lotto ticket, I prefer to buy junior uranium explorers.

[xraygoggles]

Anyone else playing around on Arbitrum? I got the drop but the network is down and cannot unload them Stupid bots.

Good for you for getting the airdrop, but the cardinal rule when getting free internet money dropped in your lap for no apparent reason is: sell immediately.

I am out the game, and did not get the ARB drop, but I have gotten many airdrops in the past and sell all (90% or more) immediately. AFAIK only 1 has actually had a positive return long term and that's UNI. You're better off always selling ASAP IMO.

[Lordosis]

That was my plan but the networks were jammed. By the time any of us were able to claim it already crashed and settled at $1.3 from starting at 5-6 bucks. I could still dump it for a few thousand but I am just going to hang on at this point.

[jacoavlu]

That was my plan but the networks were jammed. By the time any of us were able to claim it already crashed and settled at $1.3 from starting at 5-6 bucks. I could still dump it for a few thousand but I am just going to hang on at this point.

lol all the devs were selling at 5-6

Team Tokens and Ecosystem Fund


After the end of the MAGIC farm, the team carried out the announced plan of retroactively minting 10% of the farmed supply as team tokens (a total of 11,644,017 tokens).

The team also printed (3,911,782 MAGIC) tokens for Q3 of the Year 1 ecosystem fund.

[Panscan]

lol all the devs were selling at 5-6

Team Tokens and Ecosystem Fund


After the end of the MAGIC farm, the team carried out the announced plan of retroactively minting 10% of the farmed supply as team tokens (a total of 11,644,017 tokens).

The team also printed (3,911,782 MAGIC) tokens for Q3 of the Year 1 ecosystem fund.

How it always is

[jacoavlu]

nothing much to see here, just the few that control arbitrum making a “proposal” to the “decentralized autonomous organization” to allocate 750M ARB to their control for “grants and stuff” and then the community votes against it but they did it anyway because it wasn’t really a proposal but an executive order. this is defi lol

https://twitter.com/blockworksres/status/1641843788716060672?s=46&t=06M7iHiSGs-ncspnXTt5zQ

https://twitter.com/0xedenau/status/1642502145839890432?s=46&t=06M7iHiSGs-ncspnXTt5zQ

[Lordosis]

nothing much to see here, just the few that control arbitrum making a “proposal” to the “decentralized autonomous organization” to allocate 750M ARB to their control for “grants and stuff” and then the community votes against it but they did it anyway because it wasn’t really a proposal but an executive order. this is defi lol

https://twitter.com/blockworksres/status/1641843788716060672?s=46&t=06M7iHiSGs-ncspnXTt5zQ

https://twitter.com/0xedenau/status/...ncspnXTt5zQ

Yeah there is some shenanigans going on. You probably understand it more than I do. I barely get the lingo. I was going to offload my ARB expecting it was going to tank more but decided that I would just hang on. Maybe dump it if it bumps. I do not really know. This was not part of my plan so I am taking it on the fly.

[tomato14]

So which memecoins are we baggin, lads?
$PEPE, $TURBO, $WOJAK, $FLOKI, $SHIB, other? Mental, all of it.

[xraygoggles]

So which memecoins are we baggin, lads?
$PEPE, $TURBO, $WOJAK, $FLOKI, $SHIB, other? Mental, all of it.

Did you get in early on PEPE? Amazing returns if you did. Not sure i would ape in now tho

[tomato14]

Did you get in early on PEPE? Amazing returns if you did. Not sure i would ape in now tho

No. I had seen it growing more freq in CT feed, but ignored it. Indeed, returns are ridic. Wish I’d looked into this (gambling) opportunity when first noted. YWSYLS.