CryptoPhoenix

Some thoughts on $DOJO & @Dojo_Swap Airdrops I have been posting about $DOJO & @Dojo_Swap even before the launch of the AMM DEX. Praised them & critiqued them when I didn't agree with their initial IDO mechanics. Before going into the airdrops - As an AMM DEX - dojo.trading is one of BEST DEX I have used in 3+ years of DeFi by a huge margin. Imagine doing about 30 transactions. Harvesting from a farm / Harvesting from a Pool / Swapping / Providing Liquidity / Adding to a farm & a bit of comparison. On most other chains / DEX combo except @Injective_ / @Dojo_Swap - this would take anywhere from 10$-15$ - Cronos Chain - 30 minutes 15$-20$ - Arbitrum - 15-20 minutes 8$-12$ - BNB Chain - 20-25 minutes On @Dojo_Swap each transaction costs about 0.0005 $INJ which is less than 0.01$ & takes less than 3-4 seconds each. So 30 transactions can be completed in 3 minutes roughly including navigation time. In my MEGA thread about all my dApps x.com/chennai2london… - I posted about 30 dApps across 10 blockchains. So this is a very real problem to spend an hour+ for the dApps on a daily basis because how slow they are. So imagine if I can make 30 transactions in 2-3 minutes and just spend less than 0.25$ in total. This is unreal what Injective & dojo swap have done to the DeFi Space & I am hoping the future dApps like MitoFinance add more capabilities & choices. Now talking about the Airdrops The first 4 tokens are basically tokens for NFT Communities $PUNK - @destinypunks_ $BITS - @orBitsINJ $FROG - @InjectiveFrogs $BOYS - @Injboys The 5th token is $BABYDOJO - which is a reflection token & needs to be discussed a bit more in detail. So let's talk about the NFT tokens. Regardless of the airdrop initiative by Dojo_Swap the NFT projects would have launched their tokens & promise various benefits for their token holders. But this is where I think DOJO team have done a genius move with these partnerships. Each of these NFT Projects have 1000s of Community members & holders. The token was airdropped to Dojo_Swap holders & NFT holders. So the NFT holders will come to the DEX for trading increasing the trading volume and revenue of the DEX. For the NFT projects, for each of them to create the framework for airdrops, token generation process , creating an initial liquidity pool & sustaining a liquidity farm would have been extremely taxing and Dojo Swap provides all of this for a share of their tokens by - Taking care of the entire airdrop process - Providing the initial liquidity on TGE - Providing a stable DEX platform - Allowing a permanent liquidity pool and farm - Share of $DOJO tokens from Treasury for participating in Governance I think these partnerships are a win-win for both the NFT Community & DOJO Holders. I have a decent ownership of @destinypunks_ and @orBitsINJ . For each Punks NFT - I got 6000 PUNK tokens. $PUNK token value is only 0.0012$ now. But the main intent of $PUNK token was to create value for the @destinypunks_ NFT holders & this TGE & airdrop has enabled it. Now it is more than just an NFT project. Projects like @PancakeSwap owed it's success to their partnerships. It couldn't have succeeded on its own just by providing a DEX platform. More partnerships with NFT communities will enable further revenue , growth for the platforms & in the end free airdrops & value for us $DOJO holders. Now let's talk about $BABYDOJO - Reflection Token I am going to base this on a bit of assumption here as the details are not clearly laid out in black and white. What is a reflection token? A reflection token is also commonly called as Money Printer in some cases. It's a tax token. On each buy/sell there is a % tax. I am assuming the team are saying there will be an 8% tax on $BABYDOJO. Usually the token that is bought using this tax is rotational and gets airdropped to holders. People might remember projects like @HamachiFinance which was semi successful for a few days. Holding $HAMI earned multiple tokens for free based on trading volume. Recent example being @memeprinter_sol on Solana which was distributing $WIF to $MP holders every hour for free. But here what the team are saying is that $BABYDOJO will have an 8% tax. 6% will be used to buy back $DOJO & distribute to holders of $BABYDOJO in a frequency of once per day. Also 1% of the tax will be used to buy back and burn $DOJO. 1% will be used to form LP for BABYDOJO. Few things to note 1. The word "tax" has not bee used till now as far as I know. 2. Frequency currently set at once per day. 3. Team are calling this as a perpetual motion machine. True it is a cyclical process. BUT there is one Problem. Big Problem. Every reflection token dies after a while no matter the initial success. @HamachiFinance was an example. @memeprinter_sol is a bad example as it got exploited last week, but still at the moment they are fighting to relaunch it. So while I wish for $BABYDOJO to be the first sustaining reflection token, I struggle to see how it can sustain itself on the longer run looking at every other project that has attempted it. If anyone is aware of a reflection token that has lasted more than 4-5 months, I would be happy to learn. But then again even 4-5 months of $BABYDOJO in this kind of a market sentiment could be a huge catalyst for $DOJO . And perhaps Dojo_Swap team know this already & are setting up $BABYDOJO as just a ladder for their $DOJO token to be propelled into the 1$+ price range. But either ways, I am extremely pleased with the airdrops & every move this team has taken & wonderful to see their awareness of sticking to one token $DOJO & not diluting it's value in any way.

@TokenSight_Io $TKST I get many questions about the PA and i fully understand, it is frustrating for me also! People blame seed and we cant deny the fact that seed is selling heavily. BUT i want to address this: It aint seed as a collective behind the selling! Most seed investors are loyal. They respect the team, public investors and the chart They are in TKST longterm and help with tasks like: ⚙️Funding ⚙️Research ⚙️Marketing ⚙️Partnerships ⚙️Listings The list is big but there are many like me also, who keep buying TKST because we believe in the team. We remain visible in a downtrend by recruiting to the app, sharing news and talking about the project. What sucks about being among those who believe is that we get targets for the fud. We get accused of looking for exit liquidity because we talk about the project. Let me tell you this, it aint those who talk about TKST you should fear. It is the 5-6 investors with big allocations like the picture, who keep selling non stop without respect for anyone. It is less than 3 months left of seed unlocks, most of these low value seed investors are gonna be totally out of tokens by then. The PA overshadows the fact that the app works great. The team is delivering updates non stop and there are so many features/updates to come. When unlock is done, the app is gonna be one of the best tools in crypto. I feel with those who are down on their investment and it can go further down aswell. But at mcap 6.7m and FDV 30m i keep accumulating towards April. Im not giving up when cause the only thing shit about TKST is the price, everything else is in place for a longterm investment for me.

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