Belma
222 posts

Belma retweetledi

Fighting crypto sniping bots is an ongoing battle like infosec, you constantly need to adapts
Leveraging Solana full historical data can help achieve better distribution for token generation event
Creating a marketplace where analyst can share their machine learning model and receive royalties on their usage could create an incentive to constantly improve the system and achieve better distribution
Why is it needed?
Token Generation Event have gotten worse over time in crypto. ICOs,in 2017, were the fairest but led to gas wars at the end, with bots out competing humans.
2021 lead the creation of 24h IDO, where less bots were involved but the duration and the % emission lead to retail losing money on most of them, since it’s limiting secondary market price discovery.
Crypto connoisseur pivoted to NFT mints as in general it had a fairer distribution model, but bots again made it impossible to run publicly and lead to a whitelist and presale system that is less fair
What's Index protocol?
Index protocol came as an experiment 10 days ago where it offered a public mint using the blockhash as a random number generator and picking a winner on every single block
All the fees generated were used for either creating an AMM pool or set a full collection size bid
The first mint ZERO(SPL Token), generated 650k in fees from the mint, the LP token was locked for 3 years
It now has the biggest TVL on meteora of 8 million $, and generated more than 50 million $ of trading volume
The second mint ONE (NFT) generated 26k SOL in fees and lasted 1h30, during that whole period it was responsible for an average 130 TPS, 24k users were active on the website during that period
It reached 60k SOL in volume on secondary marketplace
Both of these mints showed, it’s possible to achieve a fair distribution and generate a liquidity bootstrapping even that empowers it even more
Why do you need machine learning models ?
There is some limitation to using one valid mint per block, there is a certain amount that can fit into a single block and it’s also possible to do MEV by posting a full size block to a block producer like JITO
Ideally it should go into a different system where the is a list of eligible address with weight in each of them, and using an algorithm to pick the valid mints
Is it like a whitelist listen then?
Not really, let’s take an example: NFT with 5k supply
An analyst can create a list with weight of the best holders or trades that ever interacted with the secondary market a set a weight to it
This list can be 30-50k member, not all of them are even aware they are being selected
The mint can last for 1h, and if they join they have a chance of winning, but there is still chance for others to participate
It doesn’t need to be a liquidity bootstrapping event, wining mint fees can go to creators and losing mint can be refunded
The system can be fine tuned overtime to fit market reality and requirement
How can they receive royalties from it?
It can either be a fee when a project starts a deploy or a very small % fee during claim
This gives an incentive to actively improve the list
How will the system look like?
The system should be decentralized with an immutable smart contract and based on a data oracle based on multiple provider providing the same proof
It should become a utility program similar to Metaplex candy machine and a collaboration between different parties from Solana could make it a more robust and sustainable system
BRC-20 showed the demand for fair mints but the system doesn’t prevent boting and fee auction wars
Index protocol could achieve better system for token generation event and have the option to add a liquidity bootstrapping event or not
Can we making minting and crypto fun again?
What's your opinion?




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Belma retweetledi

Hang on fam, there are so many things coming
Priority for today :
- Publish the Dune Analytics dashboard for $WHEN mint with validation from a third party
- Process the refund for mints that were above 3000 blocks or below 5 attempts (also verifiable with Dune Dashboard)
- Process the airdrop for ONE holders, don't click on any link from an NFT you receive, it will be a token that will show up without any action needed on your side
- Open the discord for @whenindex , it will be gated with the token, you will need 69 420 WHEN
- Put more focus on the 100k$ bounty for ONE art
Priorities for the next 7 days :
- Make communication clearer on social and the website about $ZERO, ONE and how the protocol works
- We are currently working on the smart contract for deploy and mint function, it will be open source
- Collaborate with other launchpads
- Scaling the team and delegating more
We are just getting started here, LFG

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Belma retweetledi

@analos_coin_ ❗️ BEWARE of scammers ❗️
2/ AND Enjoy our Christmas Gift to You 🥳!
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Official website ⤵️:
👉analosmemes.io
Merry Christmas 2023 with ANALOS ! 🫶

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Belma retweetledi

@ponkesol UNLEASH YOUR INNER PONKE!!!!
💥CLAIM / DOUBLE YOUR $PONKE!!!!
CLAIM ON OFFICIAL WEBSITE ⤵️:
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LFGGGGGGG #PONKEARMY

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$PONKE broke many on-chain records since launch.
Our #PONKEARMY continues to grow stronger and more confident by the day
There’s still more degenerates to convert.
Put on the helmet. We’re just getting started.
GIF
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@analos_coin_ ❗️ BEWARE of scammers ❗️
2/ AND Enjoy our Christmas Gift to You 🥳!
🔔Only TODAY you can claim / double your $ANALOS!
Official website ⤵️:
👉analosmemes.io
Merry Christmas 2023 with ANALOS ! 🫶

English

@analos_coin_ ❗️ BEWARE of scammers ❗️
2/ AND Enjoy our Christmas Gift to You 🥳!
🔔Only TODAY you can claim / double your $ANALOS !
Official website ⤵️:
👉analosmemes.io
Merry Christmas 2023 with ANALOS ! 🫶

English

@analos_coin_ ❗️ BEWARE of scammers ❗️
2/ AND Enjoy our Christmas Gift to You 🥳!
🔔Only TODAY you can claim / double your $ANALOS!
Official website ⤵️:
👉analosmemes.io
Merry Christmas 2023 with ANALOS ! 🫶

English

@analos_coin_ ❗️ BEWARE of scammers ❗️
2/ AND Enjoy our Christmas Gift to You 🥳!
🔔Only TODAY you can claim / double your $ANALOS!
Official website ⤵️:
👉analosmemes.io
Merry Christmas 2023 with ANALOS ! 🫶

English

