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⏰ Only 2 Days Left! Get Your Me3 Allocation Before It’s Too Late!
📰 What Happens Next?
💎 Arweave Ecosystem Airdrops and AO’s Bullish Growth!
💥 The Future Of X Payments; PLUS Fantom Sonic Memes!
📢 ETH Spot Premium Soars!
💭 Highest Conviction Coins and Projects
Good Morning Degens,
If you are an avid reader, you know how bullish I am on the entire Arweave ecosystem.
Today, I will show you all the opportunities we can take advantage of to get airdrops from this amazing ecosystem. We’ll also take a look at what could happen next in the market as well as news from Elon Musk that could be extremely bullish for Dogecoin (DOGE)!
Let’s dive in!
⏰ Only 2 Days Left! Get Your Me3 Allocation Before It’s Too Late!
Ok degens! The wait is finally over! The pledge period for Me3, the first project on Yield App Angel Launchpad, is officially LIVE! Launchpads are a great way to get in super early to projects. If you are in one that succeeds, you could make it big!
Me3 is revolutionizing fan engagement and community interaction by bringing together eSports, gaming, finance, and social connection.
Here's what you need to know about the launch:
Allocation amount: $400,000
Token price: $0.007 per token
Funding round: Private
Vesting: 10% at TGE with 10 month linear vesting
ME3 token network: BSC (BEP-20)
Pledge period: 18 April, 2024 - 25 April, 2024
Everyone from Gold to Angel Status are guaranteed an allocation
Get access to the Angel Launchpad by making an account on Yield App and staking YLD to reach at least Gold tier to unlock access.
It’s super easy. Check it out below 👇
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
📰 Question of the Day
What Happens Next?
Yesterday we saw net positive inflows for the Bitcoin spot ETFs, bringing in $62m. The Grayscale (GBTC) outflows have been significantly decreasing, and their impact is becoming less relevant to the net flows.
Meanwhile, we saw another 15 fund managers announce they have bought into the ETFs.
But what I found most bullish - and very hypocritical of them - is the IMF recently acknowledging Bitcoin as a necessary financial asset for preserving wealth while releasing a report called “A Primer on Bitcoin Cross-Border Flows: Measurement and Drivers”. I say hypocritical because the IMF has strongly criticized Bitcoin in the past, along with countries like El Salvador who are adopting it as a national currency.
Meanwhile, there are talks to make the New York Stock Exchange (NYSE) trade 24/7, like crypto. I guess this is due to the new digital economy, however, this will not happen anytime soon as new laws and regulations would need to be created and implemented first.
What Happens Next for Bitcoin and the Market?
Firstly, miner sell pressure seems to be decreasing. This is good because a lot of sell pressure was expected before and after the Halving as the miners readjusted to remain profitable after their income was slashed in half.
Bullish!
Meanwhile, Gold and Silver are dropping in price, indicating a risk-on appetite. Gold saw its largest decline since March 9, 2022.
So, what happened the last time we were here? Alts started pumping, that’s what happened!
💎 Degens’ Den
Arweave Ecosystem Airdrops; AO’s Bullish Growth!
There are a lot of rumors going around about an Arweave (AR) airdrop coming soon. Arweave per-se cannot airdrop anything because all the AR tokens are already in circulation. But the projects building on it can…
Disclaimer: I am an investor in Arweave (AR).
AR.IO Airdrop
AR.IO is a project building a decentralized gateway to Arweave. Think of a gateway as the first few characters you enter to access a network address. For example:
To access the World Wide Web, you use “https://”
To access Arweave, you will use “ar://”
The importance of this is huge. The gateway allows for a truly decentralized network that no one can ever turn off.
The post below is a confirmation of an airdrop to AR.IO community members. To qualify you need to perform any of the below tasks. Some of the tasks are hard, but others are easy to perform, like the ArDrive one for example.
Why ArDrive though?
Initially, ArDrive as a company was focused purely on building its app for uploading files to Arweave in a Dropbox-like fashion. At one point ArDrive converted to AR.IO.
AR.IO became the name of the parent company, while ArDrive became one of its main products. The gateway is another product.
So, using ArDrive will qualify you for the AR.IO airdrop. This is the most user-friendly way to get involved.
Head over to ArDrive’s official site below to get started. 👇
What is Being Airdropped?
According to the AR.IO whitepaper, the token is called IO:
And they have already set aside the allocation for the community airdrops.
The community will receive 17.5% according to the whitepaper.
The whitepaper explicitly states the below. So it’s a guaranteed thing.
But Wait! It Doesn’t Stop There!
There are many projects building on AO, the new Hyper Parallel Computer that runs on Arweave and promises to up Arweave’s game (especially in the world of DeFi).
Interacting with these projects early on could reward us with more airdrops!
Here’s the list with some additional details for each project. Pay attention to the amount of followers each project has. It will give you an indication of how early we are to the AO and Arweave ecosystems. I have labeled whether or not you can interact with the protocols as of right now.
ao Ventures - 388 X Followers (Actionable for developers)
A project incubator for projects building on AO.
ao Ventures recently raised $35m for this very reason.
The project is led by Tate Berenbaum from Community Labs, the creator of the most popular wallet on Arweave: arConnect.
What Can I Do?
If you are a developer and want to build on AO, reach out to ao Ventures to get started.
ArSwap - X Followers 840 (Actionable for all)
ArSwap is building DeFi on AO. According to their socials, they have a lot of announcements incoming, but so far we know this:
The team is building ArSwap, a decentralized exchange on AO.
You can use it now in its testnet phase.
The current tokens available to trade are $FIRE and $EARTH (with more coming soon). You can get these from the Aetheris faucet for free in order to test the app.
Providing liquidity with $FIRE and $EARTH earns you $LAVA tokens.
ArSwap's Core Features:
Faucet: Get tokens from Aetheris to get started.
Swaps: Efficiently trade between $FIRE and $EARTH tokens and soon others.
Liquidity Pools: Dive into pools that empower you to earn passive income.
What Can I Do?
Head over to ArSwap and test out their app on the testnet to hopefully qualify for a future airdrop.
PADO Labs - 37K X Followers (Actionable)
PADO is a decentralized computation network based on zkFHE.
zkFHE combines Fully Homomorphic Encryption (FHE) with Zero-Knowledge (ZK) proofs, ensuring privacy, computational integrity, and general-purpose computation.
With zkFHE, users can perform computations on encrypted data while preserving privacy - paving the way for a verifiable data economy in the Web3 era.
What Can I Do?
Download and use the PADO browser extension from their website (caution advised: check all permissions first before allowing the extension access to your data).
Autonomous Finance - 551 X Followers (Not Actionable)
Autonomous, data-intensive applications across DeFi, ContentFi, and AgentFi domains.
Autonomous Finance specializes in researching and developing AI-driven financial applications on AO, the hyper-parallel computer.
AOX - 132 X Followers (Actionable Soon)
AOX is building a multichain bridge to seamlessly move your assets to the AO ecosystem.
Built by Ever Vision, AOX enhances everPay’s cross-chain features to provide broader services.
everPay has served 40K+ users and processed millions of cross-chain transactions (deposits & withdrawals).
AOX's Beta launches in mid-May, enabling AR transfers between Arweave & AO.
Following Arweave, Ethereum, BSC, and BTC will then integrate.
The bridge is still in development, but coming soon.
What Can I Do?
Follow AOX and once the bridge is live, bridge some assets to AO.
Liteseed - 1,326 X Followers (Actionable)
Permanent data at scale on Arweave.
This is a simple drag and drop website to upload data to Arweave. Their testnet is now live.
What Can I Do?
Head over to their website and upload a few files to Arweave on their testnet.
💥 Best Alpha Posts of the Day
The Future Of X Payments
Okay, Elon Musk has huge plans for X. And those that believe Dogecoin (DOGE) could one day be integrated to the app might find the news extremely bullish!
TLDR:
He wants to make X your go-to bank account.
Users will be able to store, send, and earn interest on their deposited cash.
It aims to do EVERYTHING other banks and services can do, and more.
Fantom Teasing Memes… Again
Nick of the Fantom Foundation is teasing memecoins.
Fantom will soon release the second iteration of its blockchain, called Fantom Sonic. Due to the name, many memecoins around “Sonic The Hedgehog” have been created. Nick is seemingly joking about this, but we have heard many rumors of Fantom going heavy on memes.
We await to see!
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
ETH Spot Premium Reaches Highest Level Since October Last Year
💭 Banter’s Take
Whether or not you believe in an accelerated bull cycle due to the institutions and ETFs being present this time, I would say we are likely still good. About halfway through the bull.
This is the time for us to build our best convictions into portfolios.
Speaking of which, Ran will be presenting his highest conviction coins on today’s show, do not miss it!
Today’s secret code for the Win An ETH draw: UBMRFFKC
See you all tomorrow!