XperimentApp
526 posts
XperimentApp
@XperimentApp
Exploring spirituality, finance, & tech in my free time; IT pro by day. Fan of @MultiversX, @OneDex_X & @OneFinityChain.
THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.
JUST IN: Polymarket launches 5-Minute Bitcoin Price markets.
THE EGLD EVOLUTION PROPOSAL HAS PASSED. A landslide. High participation. High conviction. A moment of revival for the MultiversX community. A decisive step, arming the Supernova upgrade with incentives that compound and change outcomes. Participation reached 41.98%, with 94.55% YES votes. One of the highest participation rates not only in MultiversX history, but a record showcasing a case study across all blockchain governance efforts. A smashing success for the investors, builders, and community members who keep contribution at the center of this ecosystem. Your actions are shaping the MultiversX network. In. Real. Time. Thank you for your effort and conviction. The next instrumental milestone in front of us is Staking v5. Meticulous efforts are already accumulating to it. ~16.5% competitive staking incentives. The fuel for a new liquidity rally. In every wave of market uncertainty, lies hidden asymmetric opportunity. For those wise enough to see what others cannot, this becomes a true gift.
All you need is an #ONEDEX #RoyalMember #SFT + 15000 $ONE. Quite cheap during this times, but good offers don't remain for long. You get also a 10% APR for the amount of $ONE you stake. So, monthly $EGLD + daily rewards on $ONE according to the APR. @OneDex_X @OneFinityChain
@OneDex_X is one underrated project on @MultiversX. Did you knew(?): 1️⃣ You can stake #NFT s from your wallet - or even create your own NFT staking pool. 2️⃣ It has a permissionless launchpad, so anyone can launch a project or join new ones. 3️⃣ It built #FunDex, where you can create your own meme coin in minutes. 🚀 Bonus: Today marks the launch of the first #CLMM ever on @MultiversX, powered by @OneDex_X! Of course, these aren’t the only features of @OneDex_X. There are many more features waiting to be discovered. 💥 Like and retweet so others can discover what’s being built right here! #EGLD #Crypto #DeFi #OneDex
