

Psquare Daily
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@pSquare_Daily
Web3 News & Media arm @psquarevc Daily news simplified from the chaotic world of Crypto





















Did a new rug just happen? @IBXtrade is incubated by @OrderlyNetwork IBX launched a presale 3 days back with the aim to raise $3.2m and refund non-selected participants The presale ended up raising over 160k SOL ($24m) Participants expected $21.8m to be refunded but guess what? The team created a poll on THE WEBSITE FULLY CONTROLLED BY THEM on whether to increase the cap or keep the original limit of the presale? Ofc we know what happened. The result was to increase the cap and refund 65k SOL ($9.7m) Team claimed they already refunded 65k SOL but in reality, the team sent sol to the multiple addresses they created. THERE’S NO SINGLE PERSON IN THE COMMENT SECTION THAT RECEIVED THE REFUND. Team went on to create the token ARTIC at $50m MCAP at 6:16am UTC (shouldn’t claim page be live before team adds LP ? ) The team dumped the chart from $50m MCAP to $6m MCAP before presale participants were able to claim their ARTIC tokens. The claim page was created at 7:02am UTC Just few people have been able to claim CEXs that listed ARTIC • @MEXC_Official • @LBank_Exchange I DIDN’T PARTICIPATE IN THE PRESALE NOR DID I BUY THE TOKEN JUST EXPOSING THE SCAMMERS THAT ORDERLY INCUBATED











I do think that the status quo has a problem of variance: 12 months ago the conversation was L1 "extracting rent" from L2s, now it's the other way around. What we don't want is a mixed economy where the tax rate jumps from 5% to 95% depending on weather. If we can design economics so that L1 and L2 fee accrual are both reliably far from zero (ie. lower variance in the ratio), many people would be much more satisfied. We need to maintain an ecosystem where ethereum people feel they are on the same team, and this has a tech interoperability part, a values/culture part, and an economics part too. EIP-7762, based rollups, other forms of fee sharing, are all valuable places to start.

