Scotty
13.8K posts
Scotty
@scottybmitch
founder @dripchain • @bearish_af • @xeetdotai
Since you guys keep QTing this post, I'll address some points here: - We made slight adjustments to the XP given to top NFT collections (by onchain activity, volume, market cap). We updated the calculation for many of the longtail collections because we received many reports of people mass holding super cheap NFTs to farm large amounts of XP. NFT projects that are no longer active were diluting the rewards for active NFT builders - this is not the behavior we want. - We will introduce a more dynamic system for NFT holdings designed to reward the most active collections starting next week. This system will adjust week by week and look at trading volume + onchain activity + overall ecosystem participation (ex. building interesting apps with your IP). - For memecoin holdings, we were basing the XP given based off of inflated trading volume and price data. A lot of this was done to soften the blow from the steep price decreases seen throughout crypto since October. We have since updated our internal values to be up to date which resulted in a decrease in memecoin XP. Starting next week, we will ramp up the XP given to memecoin teams actively building their IP and growing their holder base. - As communicated to our app builders previously, there will be an influx of XP given to teams creating onchain usecases, onboarding new users to Abstract, and building innovative mechanics. Several of these teams will be launching new apps and mechanics in the coming weeks. - We originally didn't want to change the calculation for holdings too much, which is why I tweeted the below tweet 3 weeks ago. However, after doing a deep dive into the XP distributed to inactive projects as well as going through the reports our community had flagged to us about XP abuse, we had to make changes to better reward those that are still active onchain participants in the ecosystem.
We just crossed $1 million in total volume! 🎉 This is a milestone built together with our community - every week, every run, every jackpot hunt. Thank you to every player who made this possible ❤️ The Maze is just warming up 🔥
A quick @xeetdotai update 1⃣We are speaking with several brands in the background to decide who we launch first. Or whether we launch multiple campaigns at once. We want the first week of brand launches to be exciting for everyone involved. We will let you know when the campaigns are going to launch. 2⃣ I will publish an article this week explaining the squads, potential squad strategies, and some of the mechanics behind the cards. 3⃣ Xeet Mobile launching soon. Yeah... 4⃣ I still have 24 of my cards to give away. Who wants one?
@ARSii_ETH @AbstractChain @Abstract_Eco Abstract, maybe it’s time you hired someone competent who can actually calculate XP properly from the start. What the hell is going on over there? You credit XP and then suddenly start taking it away and giving it to someone else. Get your system together already.
