Supreme🔅
34.3K posts


I can't wait 🙄
Politics is reality TV disguised as staying informed.
Polymarket@Polymarket
BREAKING: Australian Prime Minister to deliver an address to the nation at 7pm AEDT.
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@ProofOfEly Good numbers from the real chad of abs.
Perhaps I join your bakery and we make you proud of your progress once again.
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So the fixed XP is now live for Abstract
I earned 110K XP
Somehow it's lower than last week which was 150K
I'll be honest...I have no clue anymore
Gamed more, AI'd more, farmed more, bought more, sold none, held all
The Rugpull Bakery will probably end up being a net loss for almost everyone but was hoping it would at least pan out some XP.
Need Abstract szn to come back to life so we can make profits again as well
How'd everyone do?

Ely@ProofOfEly
Is this....a bug? 45K XP on Abstract
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@ProofOfEly @AbstractChain @Abstract_Eco @rugpullbakery @OnchainChemists Get him the critique the model
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@Supreme_Defi @AbstractChain @Abstract_Eco @rugpullbakery @OnchainChemists claude is the one that built the model wdym
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Rugpull Bakery Season One is distributing a ~$20,000 prize pool across winning teams.
Today the team announced the prize splits, being:
70% to 1st
20% to 2nd
10% to 3rd
As a completely on-chain game, Rugpull Bakery's gameplay loop is mostly a transaction auto-clicker at it's core. I'd say it's akin to Clash of Clans meets Overcooked as a theme. With some fun pvp game theory thrown in as well.
This leans into Abstract's new focus to incentivize users to lean into high volume TXs to boost it as a vanity metric (speculate how you will). There first place Cockring Cakehouse has 828 individual cooks, meaning that $14,000 (70% of total prize pool) gets sliced among nearly the entire active player base.
Obviously we can't do the math perfect, but we do know it will be less of an even spread and more a top-heavy power curve across 828 participants, since the cookie count per baker plays the role in distribution method. Rank #1 individual payout lands around $145 and it falls off a cliff from there.
The bottom 100 contributors on the winning team are splitting fractions of a cent combined.
I created a model to best try and predict what this distribution would look like for Cockring's Bakery but without perfect numbers on personal contribitions of the 1.7m cookies as the weighting mechanism, it's not perfect.
But the reality is that top cooks eat, everyone else gets crumbs. The math incentivizes being a high-output cook on the winning team over being an average cook anywhere.
"Eating" is an overstatement though as even the largest contributors communicated as if they may walk away net negative.
This then leads into the game-theory of weighing out:
"Is it better to 100% win but be in a group with a ton of participants or play higher risk with a team that only has a chance at winning but fewer participants to split the winnings with?"
I personally think this decision becomes more fun if the split wasn't so heavy to 1st place.
I probably would have one with a 50/30/20 split to make it competitive.
With Cygaar's Patisserie at 254 cooks, Abstract Asia at 167 and Ely's Eatery only at 48 cooks (but still close behind) the smaller teams actually have a tighter split which means less dilution per person if they podium.
There are also complaints about the season being drawn out way too long and possibly almost NOONE will walk away from this game break even which would be a pretty bad outcome.
Also, the $20K is only the current prize pool, that number as well as the numbers of each cook in each group are subject to change.
It's an interesting experience.
What are your thoughts on it all?

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@AdinRossVods I have 0 idea who that is, that clipper lied about “my manager calling him” I don’t have a manager and I did not help that guy launch in any way?
This is a complete lie
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@NomadTreepwood @playgigaverse Gigaverse is stale and hasn’t evolved.
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some interesting @playgigaverse marketplace data
i have been met with some strange resistance from certain users when building this tool. i never quite understood why, but i do now

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@jasonpizzino Yes and dont forget your 18 year real estate cycle that you have gone on about for the last ten years
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Bitcoin is following a very similar bear market path to 2022 except this entire 4 year cycle happened on far less interest and volume/liquidity.
Lower highs for interest and volume is weak macro structure.
A new cycle low will form and a new rally will commence. However, unless a lot more interest and volume finds its way into Bitcoin, I’m not expecting a new ATH this decade.
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@armaniferrante @0xGreggy You were naive to think it would be successful in this part of the market.
Naive or just plain stupid.
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On FUD.
FUD is an opportunity to either address misunderstandings or to identify mistakes and simply fix them. With every TGE, emotions run hot, as people focus on a single number, the token price, determining one’s feelings. It’s human nature, and because Backpack has such a large community around the world, spanning from advanced traders in Asia, to wallet users on every network, Mad Lad holders around the world, and everyone in between, the TGE is a time where people vocalize their views.
I would like to address several different topics I’ve seen floating around over the past few days to set the record straight and offer my perspective.
- OTC. I can’t believe I have to say this, no, we aren’t OTCing our own tokens to cash out. See the tokenomics. Fake news. End of story. What is true: buyers reached out to me and asked for OTC. I am happy to help buyers find more tokens. Unfortunately, due to the bad history of other crypto projects using OTC to cash out, folks assumed the worst when they saw me post about OTC in discord.
- Mad Lads. All existing Mad Lad holders pre-TGE retain their Backpack VIP status. New holders do not. Some like this, some hate this. I understand both perspectives. My perspective is that Mad Lads has always been an evolution alongside Backpack. We went from the whitelist games inside Backpack => pre-reveal inside Backpack => reveal boss inside Backpack => xNFT inside Backpack => airdrops inside Backpack => VIP points inside Backpack => the BP token. Each one of these stages created a clear path for Mad Lads to get to the next stage, always focusing on long term holders over people that come and go. There are people that follow the path, and people that do not. There are people that evolve with us and people that do not. Our approach from the day Mad Lads was born has always been to focus people on the Backpack product. Naturally, new people came into Mad Lads with their own pre-conceived notion of what it was or what it should be. This creates tension. But we have always had a strong vision and we will always stick to it. The people that use the product always get to the next stage, where every stage answers a single question: how do we push Backpack forward. When designing token utility, it’s a question of economics, and it would be a disservice to BP to not align incentives around it. There’s an additional nuance worth pointing out: Backpack is different from basically every other product that dropped a mined token because we KYC users and are selective about the regions we open up. Those users have been out of the game, so to speak, not because I want to do that–nothing upsets me more than not being able to serve users in a particular region (what founder would want that?)--but it’s because we have chosen the path of building a crypto native financial institution. That path is long and hard. For these users, we have maintained the path to get to the next stage and have communicated that. When we open up regions, these regions will get their drops, and we will be running new campaigns to get more drops just by using the product, and that brings everyone up to speed with the same VIP benefits of the original pre-TGE seasons. For the long term holders, nothing has changed. The key issue is with respect to new NFT holders. Some people will hate this. Some will think it’s sound economics. I understand both perspectives. We are doing what we think is best.
- Sybills. Our goal was to protect retail users competing for points against sophisticated players splitting accounts and giving themselves an unfair advantage over those that don’t. The mistake we made: our process was too black and white. From the team’s point of view, we had a line and we stuck to it. From the community’s point of view, the line is nuanced. We did not sufficiently take that into consideration.
- Price/FDV. With every token comes the human nature to think about the price at all times. There are good ways to think about price and there are clearly illegal ways to think about price. Our position is simple, we are building over a long period of time, and we are not making short term decisions. 24h post-TGE FDV is not a meaningful metric. Even 1 week post-TGE FDV is not a meaningful metric. If you ask anyone that’s ever built anything, they’ll tell you the same. Many people will take issue with that statement, and that’s ok. Ultimately, you have to look at our incentives and decide for yourself. The fact of the matter is that the team and I are incentivized to make Backpack a success with arguably the most extreme tokenomics ever created. What happens if the token goes to zero and stays there? Our company fails, and we get nothing. Some people might rebut saying that we get rich from the company revenue. No. That is simply not how companies work. We don’t get rich from a bad token price. We are punished in the most extreme possible way. And we are rewarded in the most extreme way only if we achieve all of our hopes and dreams. The way it should be. This is by design. Beyond this post you won’t see me talk about price or FDV. You will see me talking about building and creating long term value. And it’s only by doing that, can BP become a success.
Every project goes through trials and tribulations. This is certainly a moment for us. We are nothing without our community, and we will serve it in the best way we know how. I have complete conviction, I am all in, and the team is all in. Don’t trust us, look at the tokenomics to decide for yourself.
Thank you for reading this. Thank you especially to those that have supported us this week. It means a lot. We will continue to review the above, particularly the cases around sybils, and get back to building.
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Let’s be real @AbstractChain is down bad right now. ✳️
But zoom out for a second.
Some of this was out of the team’s control. Some of it probably wasn’t prioritized the way it should’ve been, whether due to resources, focus, or timing. We’ll never fully know.
What we do know is this:
Abstract announced it acquired Frame in December 2023 to going live on mainnet just 13 months later. That kind of speed is not normal. That’s aggressive execution in a fast-moving, unforgiving market.
And timing matters more than people think.
When Abstract started losing momentum, it was at the tail end of a weak and fragmented bull cycle, arguably one of the least exciting ones crypto has seen.
At its peak around August 10, 2025, that was only about 3 months before Bitcoin hit its all-time high.
Let that sink in.
So when people say “we’re in a bear,” it’s not that simple. The cycles themselves are changing.
•December 2018 → major bottom
•August 2022 → next major reset
•Now → potentially a shorter, shallower cycle
Each cycle has been compressing. Each drawdown less severe.
Which means this “down bad” phase might not be as long or as deep as people think.
But being bullish doesn’t mean being blind.
There are clear areas that need cleanup:
•Process and execution discipline
•Team structure and ownership
•Resource allocation across verticals (games, NFTs, liquidity, etc.)
Right now it feels fragmented. That’s fixable but it requires intention.
One of the biggest misses across the industry and something Abstract can still capitalize on is this:
👉 Memecoins like $POLLY drove a lot of activity and on-chain liquidity last year.
That’s not opinion. That’s data.
You can’t ignore the meme category that:
•Onboards users
•Drives volume
•Creates culture
•Keeps chains alive during slow periods
Trying to distance from it is like rejecting your own growth engine.
Instead: Embrace culture. Embrace the chaos. Embrace fun.
Isn’t that what Abstract was about in the first place?

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Remember $SOL at $8?
If u loved $BP at $0.15 you will love $BP at $10$+ too
Fock it.
Web3 Traveler🎒🐲@carrier200408
Uncle vin bought some $BP expensively. Noob trader. ashamed. Cheers
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@absterxyz Abster has no clue of community sentiment if it thought releasing a gambling based game would be a fun idea.
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