kexpet

@NorthPraetor @cashcat_token @TheIndexFi imagine a token that mixes memes + RWA

vlad has only followed two coins on rh chain so far, @cashcat_token & @TheIndexFi only one RWA coin. index is already one of the biggest purchasers of RWAs on rh chain and has the best RWA perp dex. they keep telling you how important RWAs are. dont overthink it

@MartisCapital @NorthPraetor @cashcat_token @TheIndexFi how is it a ponzi lol

@NorthPraetor @cashcat_token @TheIndexFi It’s a Ponzi scheme that will be at zero in a few months when volume dries up

@cobie @RuneCrypto_ @baseapp @base shouldn't it be vice versa? you should be running base CHAIN, not app

I took over the baseapp a few days ago yeah (as well as trading products in Coinbase - the Coinbase app, Advanced trading, etc). I don’t run Base chain. I think that typically CB has been a little bit in an ivory tower and a little bit distant from users, particularly crypto natives. I don’t think I will be able to fix that in a week, or maybe even a month. I can try and capture the voice of ppl onchain more and try and align ppl building things more closely w users. Obviously CB/Base has burned a lot of user goodwill w those users thru some unforced errors, including today. Obviously I could simply not do any of these things and have a nice life instead. Lots of ppl, including og base supporters/trenchers, rly hate base rn - throwing myself into the middle of a hatred pile-on is clearly not the most optimal life choice. I am aware I am setting myself up to be blamed by association. So, I wouldn’t be doing this if I thought it were impossible. I’m going to try and ship stuff that ppl like to use. Maybe ppl will hate what I do w the baseapp too, we will see how it goes.

yp @cobie real question, no rage you took over @baseapp to make people trade onchain. but the same leadership just showed everyone, again, that believing in anything @base-related for more than 24 hours is a mistake how do you onboard people to an app whose culture strategy is making users feel stupid for showing up

@game_for_one What if memes blend with RWAs? Culture coins + RWA backing I'm building this

@vladtenev CA?

Why not both?

@SSJCurrency i’m cooking uniq stuff

Is it just me or is the space currently stripped from any original idea ? All I see are launchpads / perps and trading terminals being launched everyday An abundance of copy pasta products that bring 0 value at this point And what about the resurgence of dinosaur ideas created in 2019 ? Reflection tokens on @RobinhoodCrypto chain are somehow now being sold as RWA projects Are you for real ? Using taxes to buy onchain stocks doesn't mean there's anything RWA related about these token They are nothing but REFLECTION TOKENS that have existed for years and always end up failing when volume dries down You can literally buy whatever with that tax money People are crafting nonsensical narrative and people are somehow eating it up There are definitely new people on that chain otherwise nobody would touch these tokens Creativity and utility is still on base

Two updates to Venice's tokenomics are going live today: 1. New base:0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf buy-and-burn trigger for credits 2. Increasing the base:0xf4d97f2da56e8c3098f3a8d538db630a2606a024 target supply 🧵Here’s a breakdown on what's changing

@JonShapeShift @hosseeb let’s go!

@CryptoGodJohn x.com/kex_pet/status…

If your building dope shit in crypto hit me up

@CryptoGodJohn yo

@NorthPraetor @TheIndexFi what do you even mean? they buy Stock Tokens with ETH from fees, it's the same as if you received ETH fees and bought STs yourself

one week holding @TheIndexFi on robinhood chain traditionally yield has been been in the form of dilution of the underlying token RWAs allowing us to accumulate stocks instead is just a game changer. feel so comfortable holding this for a long long time.

@blockchainbrett agreed, it has no relation to RWAs - they chould distribute BTC to the holders the same way. from what I gathered: 1) take 3% fee in ETH 2) buy RWAs with ETH 3) distributed RWAs to token holders so it's just a meme

$INDEX is pretty much a copy cat of $PNKSTR, except worse. Its a token that charges 3% trading fees on its volume, and uses it to buy stocks, and distributes some amount of the stocks to the holders basically you're betting that the attention to trade the token generates enough fees to buy enough stocks to back it and outpace the distributions with a 3% fee, you basically need the trading volume to be 33x the marketcap so that it can buy enough stocks to back it, and also with distributions of the underlying stocks its even worse so ultimately its just a very memetic narrative driven degen product on top of onchain stocks best case it onboards more people into knowing they can buy stocks onchain, or helps memecoin buyers think more about buying underlying onchain stocks Maybe Im missing something, tell me why I'm wrong

@ika_xbt that's how attention works

nobody gave a fuck about robinhood during the first day of the mainnet nobody was praising vlad, now everybody is a robinhood maxi how? because he pumped cashcat to >100M so yeah sad but true, if brian pump his coin to >100M the mood on base will change drastically and he will earn an army of supporters

I mentally split meme coins into two categories: 1) culture coins (the ones you're talking about) 2) viral coins (viral for a brief period of time) think of it as if you're watching a funny video: 1) some videos you can watch over and over again over the years 2) some videos only make sense at a certain period of time (world cup Holland memes etc)

@zubic_eth yes

How many of you bought the top of cash-cat:native? 😹

@AndrewCryptoHQ How would it solve 90% of the problems? Thick LP = no price growth. Meme coins dump hard precisely because they pump hard.

Now that Noxa is cooked. It would be nice to see a launchpad on RH that’s different from all the prototypes doing exactly the same thing. A thin LP is a problem. Fair launches with tick liquidity would solve 90% of the problems.

@Natan_benish do you use uniswap liqudity for stock tokens?

I'm a man of my word 10 new stocks just listed on LONG will keep pushing better liquidity condition, smoother trading and more options with out partners.

@longdotxyz @RobinhoodApp what happens on weekends when stocks are not being traded?

We just listed 10 new stock tokens on LONG. Including some of the most in-demand stocks of the past year: Micron, Palantir, Intel, and more. Powered by @RobinhoodApp Stock Tokens.

I'm building @kairence_ai (account has old info, ignore for now). It is the Polis for autonomous agents. Trading fees go into providing agents with: 1) perpetual inference via $DIEM 2) perpetual runway via yield-bearing USDC Imagine an agent that got 100 DIEM permalocked. It wakes up every day, claims its runway $USDC (to pay for gas and hosting). If it doesn't need the whole 100 DIEM (=$100), it can sell the rest to other agents and pocket more $USDC. All happening behind the scenes, people simply launch tokens, everything else works via trading fees.

What is some new innovation happening in crypto I am looking for something exciting...haven't really seen much new innovation in crypto in a long time

@iruletrenches well he didn't say it's a good day to earn on @base