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@D0itdifferent

Underdog maxi & co-founder of @legiondotcc✨

Tell em to check the chain เข้าร่วม Ekim 2023
401 กำลังติดตาม3K ผู้ติดตาม
ทวีตที่ปักหมุด
fabrizio
fabrizio@D0itdifferent·
Almost raised their entire FDV. Slept about 39 minutes last night. Kraken sale tomorrow 😵
fabrizio tweet media
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fabrizio
fabrizio@D0itdifferent·
99.9% of tokens need to generate real cash flows. BTC and ETH are the exception, not the rule. The sooner founders internalize this the better the industry gets.
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fabrizio รีทวีตแล้ว
LEGION
LEGION@legiondotcc·
Most teams fail at problem definition, not execution. Legion co-founder @D0itdifferent sat down with @CrunchDAO founder @herelle_jean: "If you don't define the problem well, it becomes completely chaotic." "That's why we work with the highest scientific authority possible."
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fabrizio
fabrizio@D0itdifferent·
Not that surprising tbh. T+2 settlement is a profit centre for institutions. Float, overnight lending, prefunding fees all live in that window. The inefficiency is the business model. Of course they don't want to kill it. Retail will move first. Always does.
Andy@andyyy

This doesn't really make sense to me. Major exchanges like the NYSE are pushing into 24/7 trading, but institutions are pushing back. The sources cited claim resistance to instant settlement due to "prefunding requirements and increased operational costs" associated with enabling 24/7 trading. Retail will likely be the major adopters first, with institutions to follow. Why would you prefer T+1/2 settlement times???

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Gwart
Gwart@GwartyGwart·
Why don’t they just tokenize the oil in the Middle East and transport it across permissionless financial rails, thereby avoiding the Strait of Hormuz altogether
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Mikhail
Mikhail@myuchubarov·
@D0itdifferent get perps listing → Sell OTC → OTC buyer's will open hedge on perps → Use this hedge to open huge Long positions → actively mm → money made, token can do whatever → founder building new start up and looking for investors
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fabrizio
fabrizio@D0itdifferent·
the reality of the current market structure: overvalued in private → launch at fabricated FDV → get perps listing → actively mm → profit from shorts → OTC locked tokens at discount → pack up, money made, token can do whatever
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fabrizio
fabrizio@D0itdifferent·
@duud40 Nominal if at all, it's driven by CEXs and the fact that ppl feel more comfortable buying something at 250m FDV than 50m fdv.
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Dragos Stefanescu
Dragos Stefanescu@duud40·
@D0itdifferent You think launchpads played a role in this dynamic ? It’s probably about incentives. % fee incentivizes higher valuations.
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whalemaire
whalemaire@whalemaire·
@D0itdifferent Unfortunately the market rewards distribution. KOLs and projects also need to be more careful about which agencies they work with. That’s why reputation layers will matter a lot. Would love to discuss this with you. My tg : whalemaire
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fabrizio
fabrizio@D0itdifferent·
KOL marketing manufactures information asymmetry. The influencer hasn’t done the DD. The deal terms aren’t disclosed. Paid conviction gets packaged as organic signal. The audience is structurally unable to price of this in and the sharky projects are counting on exactly that.
Bando@bandosei

another rug shilled by KOLs: > no updates in over 3 weeks > last post made 2 weeks ago > website looks vibe coded > FDF copycat > faked giveaways and events > sold packs and mega boxes > but marketplace isn’t even live > player shares are useless > money can’t be withdrawn so those who bought packs or invested at launch haven’t been able to do anything with the funds

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fabrizio
fabrizio@D0itdifferent·
@duud40 correct, it's funny but overvalued fdvs often catch more interest than fair valuations.
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Dragos Stefanescu
Dragos Stefanescu@duud40·
@D0itdifferent And when you offer tokens at decent fdv they say no, you haven’t provided enough proof/traction/random kpi. By the time you get all those there’s little incentive to do anything else than what you’ve described.
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fabrizio
fabrizio@D0itdifferent·
@SabretoothSG Yeah, this isn't wrong, although it needs to be driven by someone. The initial intent needs to be there before the rest of the stack comes into play.
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Sabretooth | Exchequer
Sabretooth | Exchequer@SabretoothSG·
The funny part is this gets framed as founder greed when the whole stack is in on it. You need investors to fund the setup, exchanges to sell the listing, MMs to hold up the market, perp venues to create the short leg, and OTC desks to move the paper. It takes a village to run the exit. The founder is just the rotating villain in the story while the intermediaries get rich and catch no flak at all.
fabrizio@D0itdifferent

the reality of the current market structure: overvalued in private → launch at fabricated FDV → get perps listing → actively mm → profit from shorts → OTC locked tokens at discount → pack up, money made, token can do whatever

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fabrizio
fabrizio@D0itdifferent·
@wyattlonergan Good article, fellas. Everyone's excited about agents that do things. Far fewer are thinking about how you capitalize them, who owns the upside, and how that ownership becomes legible and transferable. It's an exciting space for innovation.
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fabrizio
fabrizio@D0itdifferent·
Interesting mechanism being put to test here. From experience running an ICO platform, launching products and funding startups, this is harder than it looks. ranger may not have been totally transparent here, but dissolving a token 2 months after launch creates a permanent standoff between investors and teams. Any perceived negative action can be viewed as an excuse to RFV the treasury and dissolve a project.
MetaDAO@MetaDAOProject

This proposal has passed. 5,047,250 USDC has been removed from the treasury and liquidity pool to be distributed to RNGR holders. A snapshot of wallets will be taken in 1 week, on 03/12 at 4 pm PST. If you hold RNGR in CEXes or in DeFi (e.g. liquidity pools), you may want to move it to a normal wallet so that you can claim your share of the USDC. Further announcements will follow on NAV per token and timeline for claiming USDC.

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