the $EDGE team turned out to be the worst team @edgeX_exchange
they deceived:
- their own community
- investors
- kols
1. the day before the listing, they abruptly changed the tokenomics
• therefore, everyone who farmed the airdrop lost -90% of the money they spent on farming points
2. most of the tokens intended for the community went to one person, amounting to several million dollars
• when a major fad broke out because of this, the team didn't react at all
they simply blocked participants for their questions
> also, just a month ago, they positioned themselves as a tier 1 project
as a result, everyone ended up losing money, and the team managed to earn more than they had planned
- pov: typical tier1 projects in 2026
Been heads down with team on product improvements.
Appreciate everyone who has been part of the first beta run. Lots of learnings.
Update coming shortly.
Don’t be surprised by huge XP cuts today.
We just re-audited all of the heuristics being used to compute XP to make sure they’re aligned with the value brought to the chain.
an update on $SEA.
the team has been building at full speed, and the foundation had planned to kick off the first steps as part of our march 30th event. but @openseafdn is pushing back the timeline.
a delay is a delay. i’m not going to dress it up, and i know how it lands.
the reality is that market conditions are challenging across crypto right now, and $SEA only launches once. @openseafdn could force the original date, or we could ensure every piece is in place and make this moment what this community deserves.
we gave a tremendous amount of thought to how to do right here. I’m thankful to @HollanderAdam for bringing the community’s voice into every conversation. we’ll be doing the following:
no more waves: the current rewards wave will be our last.
optional fee refund: recognizing that we originally committed to a Q1 date, we’re offering refunds of the platform fees we retained while participating in the rewards waves (3 - 6) that followed our timing announcement. if you like, you can receive a refund of those fees, which when combined with treasure chest prizes, essentially means all of your trading during that period was on us. if you opt for a refund, the Treasures you were awarded during these waves will be removed from your account. details on this process will follow.
honoring existing Treasures: for Treasures you continue to hold, our prior commitment stands: they will be meaningfully considered by the Foundation at TGE. this is independent from allocations for historical activity.
0% fees for 60 days: starting on march 31st, opensea will reduce our own token trading fees to 0%. we want to make it a no-brainer for everyone to experience our new platform: cross-chain token trading, mobile app, perps and more. after this 60 day period, we will put a new system in place that makes fees significantly more competitive for anyone trading consistently on opensea.
product updates: while we’re postponing our march 30th event, we’ll host a separate one in the coming months focused on product updates. it’s been incredible to see the early responses to our mobile app, and we can’t wait to get it into more people’s hands.
so if not now, wen?
when we announced last year, it was too early. that created unnecessary uncertainty and reactivity. so when the Foundation sets a new timeline, it will be deliberate and specific.
here’s why i’m confident that’s the right move:
i’ve been building opensea for almost a decade. when this started, we were two people and the only thing you could trade on OS was cryptokitties. i’ve watched this space go from a niche curiosity to billions in volume to where we are today.
the thing that’s carried us through every cycle was a willingness to make hard calls when it mattered. when our market crashed, we rebuilt from zero: an entirely new stack, a new product, and a new team culture. that hurt in the short term. but today OS2 is undeniably the strongest marketplace offering, and it’s the foundation everything sits on.
we have huge ambitions as a company, and we’re here for the long game. making all of non-custodial crypto delightful on mobile is just the beginning. that means we have to set a very high bar for everything we do, and it’s why i’m so protective of delivering a launch that’s worthy of this community and everything we’re putting into this.
We're excited to welcome Mark Wetjen as President of Backpack US.
Mark previously served as CFTC Commissioner & Acting Chairman and Head of Global Public Policy at DTCC, and was among the first U.S. regulators to advocate for clear regulatory frameworks and market infrastructure for crypto.
He will lead Backpack’s U.S. expansion as we continue building regulated, onchain financial infrastructure bridging crypto and traditional finance.
Products. Compliance. Expansion.
The Points page is live.
You can now track your weekly points drops, rank, and Trader Tier.
The initial points drop includes Nado’s Alpha and Off-Season points.
Future points drops will take place every Friday.
500 BULK access passes up for grabs!
We’ve heard great feedback from our first wave of testers… now it’s time to bulk those numbers up.
Drop your SOL wallet address below and tell us why you want in 👇
The Light is coming.
The Light is watching.
Everyone who seeks the light shall be rewarded.
Going LIVE soon on @AbstractChain
QRT this post with HIKARI 🎇
Drop your EVM Wallet in the comments 👇