sohaib (@sohaib) • Hey
Web3 Explorer
Publications
- Mint Lens Network Commemorative Zorb
https://zora.co/collect/eth:0x3d4914b0917fe61379aec014e6ebc2664182cfc6/1?referrer=0x3D139AE6E4A2287E9aCb8Db276FB4d6f8123E55F
- Today marks our 1 Year Anniversary of making friends onchain 🎂!
Thank you to everyone who has made the first year of Lens Protocol so special and groundbreaking. Lens has brought together builders, creators, communities, and friends, all while in beta.
There's so much planned for the second year ahead, and we can't wait to continue to grow with all of you.
Who did you become frens with on Lens?
🎨 by @nftsushi.lens and all collect proceeds go directly to the artist.
- For those participating in Linea's weekly voyages, 3rd week Quests for NFTs are live at the moment
You can follow details steps via https://linea.mirror.xyz/u-dBnrC73EgO1t4lLd2rZ4q2mriom-Y5l-uyrbp6jJQ
or go and execute directly from: https://galxe.com/Linea/campaign/GCEMnUEySZ
- What it’s like seeing Momoka in action
- How to run a Momoka Verifier
This video walks through how to run a Momoka Verifier on your local machine 👟
The Momoka Verifier enables you to operate a trustless verifier node that validates LENS DA publications in real-time.
It can also serve as an indexer, allowing you to stream and index the data yourself.
This open-source solution relies exclusively on software that you can run independently, without any dependency on LENS.
This ensures that even if LENS were to cease operation, you would retain access to your content, maintain proof of ownership, and continue to utilize it, all thanks to a decentralized data availability storage layer.
- Good news for state of crypto:
Developers are sticking around! ~30K developers contributed or built on crypto projects last month. Developer library downloads and verified smart contracts both yearly highs.
- Don't listen to noise, stay focused on facts:
Fact: Blockchain users are growing. Active addresses hit 15M, doubling in the last 2 years. Gaming is a significant reason because Web3 games generate 23x more transactions than DeFi.
- Lens Protocol is open, anyone who has a profile can have permissionless access regardless of what application they are using. We believe in supporting content creators and followers who create an engaging environment for everyone.
Some applications use gasless and signless transactions, and we have now introduced eligibility requirements for these features.
While everyone is eligible by default, accounts with low-signal engagement will not be eligible. You can read more about our requirements here. https://docs.lens.xyz/docs/gasless#eligibility-requirements
We are also testing filtering low-signal notifications for a better user experience. https://docs.lens.xyz/docs/users-notifications#api-details
At Lens, we believe that Web3 social should create a better experience than before, by using blockchain technology. We are always experimenting with ways to better our user experience by filtering low-signal profiles and bots. Let’s keep experimenting, our DMs are open for feedback 🧪
- Celebrate the Ethereum **Shanghai/Capella upgrade** with a limited availability NFT from Consensys.
https://shanghai-capella.consensys-nft.com/
- GM!
- Every chain has its version of Punks and Apes but none got success. When will people learn that if you want to be successful (in long term) then come up with your own unique version.
- gm folks! I've built something today ⚒️ 🌿
You can now check who's in your inner circles at https://circles.inlens.xyz
---
Consider collecting this post to support the InLens ecosystem ❤️
Mirror for 25% share rewards 🙌
- **SyncSwap on ZKSync Era - Claim OAT**
Go claim Special Galxe OAT by SyncSwap on ZKSync Era
https://galxe.com/SyncSwap/campaign/GCd81U1awt
1. Make sure to do 2 transactions on SyncSwap if not done already
https://syncswap.xyz/
2. Provide some Liquidity
https://syncswap.xyz/pool
3. Follow Twitter
https://twitter.com/syncswap
4. Like and retweet the following tweet
https://twitter.com/syncswap/status/1642646835050450949
5. Join Discord and Claim an Era Pioneer role in "rules" Channel (click "Join Syncswap Guild")
you may need to wait up to 24hours before your claim is updated so be patient
Done
- ARB distribution model was designed by Nansen 🔵 🦅
+2,300,000 addresses bridged to Arbitrum before the snapshot.
Online 625,143 were eligible for ARB. Only around 30%!
What can we learn from their report?
5 key take-aways so you don't get excluded from airdrops ⚡
1/5
Eligibility Criteria:
- Conducted transactions: number, value, and time thresholds
- Arbitrum Nova: bridging & conducted transactions
- Dapps and Governance activity
- Liquidity providing
💡 Take-away: the more different activities, the better. Be active!
2/5
USD Value. I know this is a given, but it's important to stress out.
• The majority of wallets transact on small USD amounts
• The majority of wallets got small airdrops (USD value terms)
💡 Take-away: more volume = bigger airdrop. But you didn't need to be a whale to get it!
3/5
The number of transactions
• The majority of the wallets made 1-2 transactions (1M+ wallets)
• Only 100k wallets made 50-100 transactions
Median = 3
Average = 28
💡 Take-away: more transactions = more valuable airdrop.
Become a recurring user.
4/5
Sybil wallets:
• The Arbitrum Foundation wanted to exclude sybil wallets from getting the $ARB airdrop
• Sybil wallets = wallets with similar/fake activity, with the pure intention of hunting for an airdrop
• 172k wallets excluded
💡 Take-away: be user, not a "hunter"
5/5
Negative criteria ⚠️
This is a new concept: some actions subtracted points, i.e. they hurt the user's individual points to get ARB.
These users got less ARB:
• All transactions in a 48h period
• Interacted with only 1 smart contract
• Low ETH balance in Snapshot day
There's a lot more data in their official report.
Read the full blog post here:
🔗 nansen.ai/research/an-on-chain-distribution-model-for-the-arbitrum-community
Join alpha discord: https://earndrop.io/discord
- Have you minted your #LensGardenNFT yet? If not then what are you waiting for? Check out @lensgardennft.lens , evolving NFT based on your social graph!
- They Pick, You Earn....🥳🤯Soon!!! @lensgardennft.lens
- is this the weekend when Bitcoin will break 30K wall?
- Life of a Airdrop hunter 🙂
- Huge achievement by @lenster.lens community, lensterxyz / lenster has become most starred GitHub repo in #Web3 open source space
https://github.com/topics/web3
- A developer-ready zk rollup for scaling Ethereum dapps, check out https://linea.build/
- Just wondering how bad crypto winter could be without airdrop hunters. Activity on testnet is insane!
- 🎉🌿Just minted my **Lens Garden NFT**! Proud to be part of this innovative project. Join our Discord community: discord.gg/lensgardennft 🎉🌿 #lensgarden #lens #web3 #nft #lensgardennft
via @lensgardennft built by: @aliii @hascoin
- Our friend Alex got an invite to a big event we were all excited about.
You were there too!
Do you remember who Alex met that was so special?
- Move exclusive & secure your spot!
🚀 Dynamic Cultivators, MINT Is Live!!!💥
Get your Lens Garden NFT at [lensgardennft.xyz] 🔗
Don't miss out!
Calling all @lensprotocol.lens Profile holders - this one's for you! 🎉 Share your NFT on Lens & Twitter, let's grow @lensgardennft.lens
#LensGardenNFT
- FED and Banking System!
- We are excited to announce that the Mainnet launch of our @lensgardennft.lens collection will take place on Thursday 23-03-2023 on Polygon. Join us for a unique and immersive NFT experience that connects your activity on the Lens Protocol ecosystem to your NFT, enhancing its value.
Our bots have meticulously created and curated the Lens Garden collection to ensure that each plant is uniquely fashioned for every community member. Lens Garden is the first dynamic NFT collection within the entire ecosystem, and we can't wait for you to explore it.
Lens Garden is a significant milestone in the Lens ecosystem, and we're excited to invite you to participate in this new NFT experience. The collection is a digital asset that evolves and grows with your activity on the Lens Protocol.
Thank you for your continued support of Lens Garden NFT collection. We can't wait to see you at the launch and for you to level up your NFT with Lens Protocol. Stay tuned for more updates and information on this exciting new addition to the NFT space.
- $ARB PRICE SCENARIOS 🦅🔵
Investor price* → Market Cap 85M - ARB $0.07
Pessimistic → Market Cap 360M - ARB $0.30
Moderate → Market Cap 780M - ARB $0.65
Optimistic → Market Cap 1.4B - ARB null.20
Ecstatic 🎉 → Market Cap 3.0B - ARB $2.50
@Arbitrum Thread 🧵 - Let's estimate 🧠
$ARB is launching in 6 days
Snapshot Date: Feb 6th 2023
Many active DeFi got this airdrop (12% of the total supply)
How much could $ARB be worth a few days after launch?
1/18
Arbitrum One is the biggest Ethereum Layer2 blockchain in the space, by TVL and market share
• Market share: 55%
• TVL: $3.7B
2/18
Today we will roughly try to estimate $ARB price valuation a few days after launch - after the dust settles. By using:
• Total & initial circulating supply
• Market Benchmarks
• Percentage airdropped
3/18
TOKENOMICS
• Team & Advisors: 26.94%
• Investors: 17.53%
• Treasury: 42.78%
• Airdrop to users: 11.62%
• Airdrop to Arbitrum DAOs: 1.13%
4/18
TOKEN SUPPLY
• Total supply: 10B tokens (10,000,000,000)
• Circulating supply on 1st day: roughly 1.2B (1,200,000,000)
~12% of total supply
User airdrop is immediately unlocked. It's safe to assume that Airdrop to Arbitrum DAOs will not enter the market right away
5/18
AIRDROP CRITERIA
• Conducting transactions during 2-9 distinct months
• Transaction frequency & interaction (4-100)
• Arbitrum Nova activity: 3-10 transactions
• Bridging to Arbitrum & Arbitrum Nova
• Transaction value: $10k-$250k
• Providing liquidity: $10k-$250k
6/18
🔗 Check your eligibility here: arbitrum.foundation
🚨 Careful with scam links, always get your link from @Arbitrum twitter
Now, let's try to make scenarios for $ARB's price 👇
7/18
FDV AND MARKET CAP MEANING
• Fully Diluted Valuation (FDV) = total supply * token price
• Market cap = circulating supply * token price
With $ARB numbers:
FDV = 10B * token price
Market cap = 1.2B * token price
Token price = ❓
8/18
SPECULATING INVESTOR'S PRICE
According to Crunchbase, Offchain Labs raised 120M.
Investors are getting ~17% of the token supply, which is around 1.7B tokens.
If they bought 1.7B tokens for $120M, then that's around $0.07 per ARB. Pure speculation 👀
9/18
The best benchmarks for $ARB are Optimism and Polygon, but we can also work with other chains. Let's compare:
• Polygon $MATIC
• Optimism $OP
• Fantom $FTM
• Solana $SOL
10/18
Optimism $OP - the 2nd biggest Ethereum L2
• TVL: $950 million (DefiLlama)
• FDV: $10.8 billion
• Market cap: $800 million
If $ARB had this FDV, its price would be ~null.08
11/18
Polygon $MATIC
• TVL: null.05 billion
• FDV: $11.8 billion
• Market cap: $10.7 billion
If $ARB had this FDV, its price would be ~null.18
12/18
Fantom $FTM
• TVL: $445 million
• FDV: null.4 billion
• Market cap: null.2 billion
If $ARB had this FDV, its price would be ~$0.14
13/18
Solana $SOL
• TVL: $245 million
• Market cap: $7.7 billion
• FDV: $10.9 billion
If $ARB had this FDV, its price would be ~null.09
14/18
Summarizing:
• $ARB with the FDV of $OP: null.08
• $ARB with the FDV of $MATIC: null.18
• $ARB with the FDV of $FTM: $0.14
• $ARB with the FDV of $SOL: null.09
15/18
If the market prices ARB at the same level as OP and MATIC (~10B FDV) then token price could be ~null.00
In contrast, for ARB price to be $3.00, its FDV needs to be 3 times the size of OP's.
Yes, Arbitrum has two times Optimism's TVL, but I don't know if that is enough.
16/18
PRICE SCENARIOS
Pessimistic → Market Cap 360M - ARB $0.30
Moderate → Market Cap 780M - ARB $0.65
Optimistic → Market Cap 1.4B - ARB null.20
Ecstatic 🎉 → Market Cap 3.0B - ARB $2.50
17/18
The first hours of trading will probably be a mess, so expect volatility.
These numbers are just a price iteration and comparison to what's already out there. I don't expect them to make sense the first day of trading.
18/18
LIQUIDITY
Remember Optimism partnered with Wintermute for liquidity on $OP launch; we should wait to see how Arbitrum does it. I think they will surely take care of initial liquidity.
At which price would you sell $ARB?
⚡️ Join me on Telegram for lightning-fast alpha notifications: https://t.me/OlimpioAlpha
👥 Also, lots of DeFi and Airdrop talk is going on inside Earndrop's server, join here: https://earndrop.io/discord
- Lens community waiting for token 🙂
- Tomorrow 👀 🌿
- Tomorrow 👀 🌿
- Why was the Bitcoin feeling depressed?
Because it had too many ups and downs!
🙂
- Hello World or gm :)