Peter Brandt Trader (@traderenjoy) • Hey
40 years trading
Publications
- DeFi economic activity drops 15% in August —VanEck
According to an analysis from investment manager firm VanEck, exchange volume across DeFi protocols declined to $52.8 billion in August, 15.5% lower than in July.
The decentralized finance (DeFi) ecosystem has suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchange volume [declined](https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vaneck-monthly-crypto-recap-for-august-2023/) to $52.8 billion in August, 15.5% lower than in July.
The findings are based on VanEck's MarketVector Decentralized Finance Leaders Index (MVDFLE), which tracks the performance of the largest and most liquid tokens on DeFi protocols, including Uniswap
The DeFi Index underperformed Bitcoin and Ether in August, falling 21% in the month, notes the report. The results were exacerbated by UNI token negative performance of 33.5%, as investors sold off tokens to capture gains from July.
Another key metric for the ecosystem, the total value locked (TVL) declined 8% in August, from $40.8 billion to $37.5 billion, slightly outperforming Ethereum’s 10% slump in the month.
- Bitcoin’s cycles are changing — Bloomberg analyst Jamie Coutts explains
This week’s episode of Market Talks discusses how Bitcoin cycles are changing and how it could impact the upcoming halving.
In the latest episode of Cointelegraph’s *Market Talks*, host [Ray Salmond](https://cointelegraph.com/authors/ray-salmond) speaks with Jamie Coutts, a chartered market technician and crypto market analyst at Bloomberg Intelligence.
When asked whether Bitcoin’s pre- and post-halving price action could differ from previous cycles due to a change in global monetary policy, Coutts said:
> “I’ve been writing about this for most of the year. We do have some strong fundamentals in the space, but ultimately, what drives risk assets is liquidity. The longer that we have this tightening cycle, and if we start to see an uptick in unemployment and more stress in the banking sector, then there could be a bit more pain for risk assets like Bitcoin.”
- NFL Star Trevor Lawrence and Youtube Influencers Settle Allegations Over
**In a recent court document, Jaguars’ quarterback Trevor Lawrence and two others have chosen to settle allegations that they misled investors, leading to losses in the FTX collapse. Lawrence, among several high-profile endorsers of FTX, has not publicly revealed the terms of his settlement.**
## Jaguars’ Quarterback Trevor ‘Sunshine’ Lawrence to Settle FTX Endorsement Lawsuit
On Friday, Bloomberg’s Jef Feeley [revealed](https://www.bloomberg.com/news/articles/2023-09-15/jaguars-qb-trevor-lawrence-to-settle-ftx-endorsement-fraud-suit?srnd=cryptocurrencies-v2) that YouTube personalities Tom Nash and Kevin Paffrath, along with NFL star Trevor Lawrence, have settled allegations of misleading investors through their endorsement of the now-bankrupt crypto exchange, FTX. Lawrence, the quarterback for the Jaguars, joined FTX as a partner in April 2021.
By May 2021, Lawrence [announced intentions](https://news.bitcoin.com/no-1-nfl-draft-pick-trevor-lawrence-signing-bonus-cryptocurrencies/) to transform his entire signing bonus into cryptocurrency. That year, his bonus was a staggering $24 million. Lawrence expressed his excitement about collaborating with Blockfolio, an FTX subsidiary. FTX had previously acquired Blockfolio, a leading portfolio tracking app, in 2020 for a cool $150 million.
- Mark Cuban’s Crypto Wallet Hacked, $870,000 Lost
**Hackers have apparently compromised a wallet belonging to billionaire investor Mark Cuban, stealing a number of cryptocurrencies. The owner of the Dallas Mavericks NBA team, who confirmed the breach, has been able to transfer the remaining digital funds to U.S. crypto exchange Coinbase.**
## Mark Cuban’s Metamask Wallet Drained by Hackers
Cryptocurrency worth hundreds of thousands of U.S. dollars has been evidently stolen by hackers from a hot wallet owned by American entrepreneur Mark Cuban. The billionaire confirmed to crypto media he was the victim of an attack.
The suspicious movement of funds from the wallet, which had been inactive for 160 days, was first noticed by blockchain sleuth Wazz (X handle @WazzCrypto) on Friday.
- An argument for the @Starknet airdrop
An argument for the [@starknet ](https://twitter.com/Starknet)airdrop:
\- 9% tokens allocated to Community Provisions
\- 9% tokens allocated to Community Rebates
\- 8.1% tokens are "unallocated" Community Provisions: *"for those who performed work for Starknet"* Community Rebates: *"to cover the costs of onboarding to Starknet"* Unallocated Tokens: for the community & decided by the community" Why this could mean an airdrop: The first two token positions are allocated for different purposes.
But It's entirely possible that Starknet decides to change the usage of those. We are talking about 18%, there would be room for an airdrop.
- Magic Eden integrates Solana’s compressed NFTs into marketplace
NFT marketplace Magic Eden believes that lowering the costs in NFT production creates an “easy access point” for new users to try NFTs.
Nonfungible token (NFT) marketplace Magic Eden has announced that it will support Solana’s compressed NFTs (cNFTs) to provide a cost-efficient and scalable alternative to owning digital collectibles.
CNFTs differ from the usual Solana NFTs because their data is [compressed](https://solana.com/news/how-to-use-compressed-nfts-on-solana) and stored off-chain. Because of this, production in larger quantities is more feasible as they require lesser fees to mint.
According to Magic Eden, this type of NFT is ideal for creating mass-produced collections in various industries like gaming, music, events and the metaverse. The NFT marketplace believes that it allows creators to reach wider audiences without spending more.
The NFT marketplace also believes that by lowering the costs involved in NFT production, it can potentially promote adoption and become an “easy access point” for new people to try out collecting NFTs. With lower costs, users can collect NFTs without risking a large amount of funds to acquire collections. It lowers the risk of losing money over NFTs.
- What are address poisoning attacks in crypto and how to avoid them?
Address poisoning attacks involve tracking, misusing or compromising cryptocurrency addresses.
Address poisoning attacks are malicious tactics used by attackers who can reroute traffic, interrupt services, or obtain unauthorized access to sensitive data by inserting bogus data or changing routing tables. The integrity of data and network security are seriously threatened by these assaults, which take advantage of flaws in network protocols.
This article will explain what address poisoning attacks are, their types and consequences, and how to protect oneself against such attacks.
## Address poisoning attacks in crypto, explained
In the world of cryptocurrencies, hostile actions where attackers influence or deceive consumers by tampering with cryptocurrency addresses are referred to as [address poisoning attacks](https://cointelegraph.com/news/countering-address-poisoning-this-browser-extension-offers-users-protection).
On a blockchain network, these addresses, which are made up of distinct alphanumeric strings, serve as the source or destination of transactions. These attacks use a variety of methods to undermine the integrity and security of cryptographic wallets and transactions.
Address poisoning attacks in the crypto space are mostly used to either illegally acquire digital assets or impair the smooth operation of blockchain networks. These attacks may encompass:
- Coinbase Earned nullM Amid Hack, but Hasn't Reimbursed Victims
Coinbase received 570 ETH, the second-largest payout tied to MEV in Ethereum’s history, to process transactions related to the Curve exploit.
* The $73 million Curve exploit in July briefly pushed prices on the DeFi platform out of whack, and a trading bot paid 570 ETH to ensure it could take advantage of that once-in-a-lifetime arbitrage opportunity.
* The Ethereum validator that received that payment was apparently run by Coinbase, making it an unwitting beneficiary of the incident.
* Exploit victim Alchemix reached out to Coinbase to seek a refund for victims, but the crypto exchange has evidently not turned over the money.
- DJ 3LAU causes a stir after opting out of Friend.tech over regulatory risk
3LAU noted that the risks were high and that he has a “responsibility” to avoid regulatory gray areas.
Popular DJ and [crypto investor Justin Blau](https://cointelegraph.com/news/nft-music-marketplace-royal-raises-55m-in-series-a-round), better known by his stage name 3LAU, has caused a stir in the crypto community after suddenly opting out of the decentralized social media platform Friend.tech. Explaining the decision, the DJ highlighted concerns over the regulatory risks that the platform may pose.
In a Sept. 15 X ( formerly Twitter) thread, 3LAU revealed that he stepped away from Friend.tech after “understanding more of the risks.”
3LAU added that his main concern was around the automated market maker (AMM) that enables the trading of user keys (formerly known as shares) on the platform.
He suggested that such a feature on a social media platform sits in a regulatory gray area that [could cause issues](https://cointelegraph.com/news/sec-charges-company-behind-stoner-cats-nft-series-unregistered-securities-sale) for users down the track.
- Gemini Blasts DCG and Genesis Bankruptcy Plan, Calling It ‘Misleading
Under the plan, Gemini creditors would receive a “fraction” of the money they are owed, Gemini’s lawyers said.
Crypto exchange Gemini has criticized a bankruptcy recovery plan related to Genesis, Gemini’s partner on a lending program that’s been frozen for months, saying the potential deal is “misleading at best,” according to a [Friday court filing](https://storage.courtlistener.com/recap/gov.uscourts.nysb.314889/gov.uscourts.nysb.314889.704.0.pdf).
Earlier this week, Genesis and its parent company, Digital Currency Group, said more than 230,000 retail creditors who used Gemini’s Earn program stand to be made “nearly whole” under a proposed remuneration deal to be voted on later this year. Earn was offered to customers of the Gemini crypto exchange, but Genesis supplied the financial infrastructure that ran the program. (Genesis, like CoinDesk, is owned by DCG.)
But Gemini said Friday that Gemini Earn users will not recover “anything close \[to the] real value” of the money they’re owed under the proposal.
“DCG touts proposed recovery rates that are a total mirage – misleading at best and deceptive at worst,” Gemini’s lawyers said in the filing. “Make no mistake: Gemini Lenders will not actually receive anything close in real value terms to the proposed recovery rates under the current ‘agreement in principle.’”
DCG owes more than null.65 billion to the beleaguered crypto lender Genesis, which, in turn, [owes some null.2 billion to Gemini](https://www.coindesk.com/business/2023/07/04/geminis-cameron-winklevoss-tweets-15b-final-offer-in-debt-talks-over-crypto-firm-genesis/). Genesis owes over $3 billion to its top 50 creditors overall.
- Chinese Yuan, Euro, Digital Currencies Challenge US Dollar Dominance, TD Economist Says
**A senior economist at financial services firm TD says the Chinese yuan, the euro, and digital currencies could erode the U.S. dollar’s dominance. “Several countries have shown frustration with the dominance of the dollar and are pursuing alternatives for conducting international trade and cross-border banking,” he said.**
https://news.bitcoin.com/chinese-yuan-euro-digital-currencies-challenge-us-dollar-dominance-td-economist-says/
- Transparency Report Reveals Backing for Paypal's PYUSD Stablecoin
**Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is supported by cash reserves and U.S. Treasury reverse repurchase agreements.**
Paxos Issues Transparency Report on Paypal’s Stablecoin
Paxos, the issuer of this stablecoin and a partner of payments giant Paypal, has made public a transparency report concerning PYUSD’s reserves. According to the update, PYUSD is fully collateralized by U.S. Treasury notes and cash reserves.
As of August 31, 2023, $45.36 million supports PYUSD, which has a notional value of approximately $44.50 million. Paxos’ repurchase agreements are characterized by “overnight maturity with reputable financial institutions and overcollateralization with U.S. Treasuries,” as highlighted in the update.
- First Mover Asia: Why Did Bitcoin Regain $27K? ‘No One Is Surprised by Gensler’s Actions,’ Crypto CEO SaysALSO: Why Binance's alleged co-mingling of assets isn't the same as FTX's alleged co-mingling of assets.
https://www.coindesk.com/markets/2023/06/07/first-mover-asia-why-did-bitcoin-rise-no-one-is-surprised-by-genslers-actions-crypto-ceo-says/
- Blackrock CEO Larry Fink Says US Is Jeopardizing Dollar's Reserve Currency Status
**The CEO of the world’s largest asset manager, Blackrock, has warned that the United States is jeopardizing the U.S. dollar’s reserve currency status. He noted that the debt ceiling debate, risk of national default, and possible credit rating downgrades are “destabilizing” factors for the USD. He also predicted that the Federal Reserve will hike interest rates at least two more times.**
https://news.bitcoin.com/blackrock-ceo-larry-fink-says-us-is-jeopardizing-dollars-reserve-currency-status/
- Spike’s on-chain OS: The latest crypto infrastructure to revolutionize Web3 productivity
Spike has been making headlines recently after completing its seed funding round in January and launching its Spike integrated development environment (IDE) and Spike Engine. This operating system (OS) aims to solve the long-standing issues of Web3 apps by improving interoperability and composability. In addition, Spike has published its phase one white paper and launched an on-chain operating system aimed at revolutionizing Web3 app development.
https://cointelegraph.com/press-releases/spikes-on-chain-os-the-latest-crypto-infrastructure-to-revolutionize-web3-productivity
- Binance Tests AI-Infused NFT Platform Bicasso in Limited 10K Mint Run
**On Wednesday, Binance CEO Changpeng Zhao, also known as CZ, announced the launch of a new non-fungible token (NFT) platform infused with artificial intelligence (AI). The AI-centric product is named Bicasso, and CZ said the beta version dropped today and was limited to 10,000 mints.**
https://news.bitcoin.com/binance-tests-ai-infused-nft-platform-bicasso-in-limited-10k-mint-run/
- If you want to be invited next to the orb app to enjoy Lens on your mobile, then follow @orbapp.lens and drop your lens handle in the comment! \n\n#lmcc
- Learned about all the web3 lingo on @orbapp.lens app, and also got a NFT. Now I'm certified slang master 🧙
#orb #orbapp #orbsbt
- Learned about basic fundamentals of Non-Fungible Token (NFT) on @orbapp.lens app, and also got a sick NFT 🤩
#orb #orbapp #orbsbt
- Learned about basic fundamentals and mission of @orbapp.lens project, and got a sick NFT 🔥
#orb #orbapp #orbsbt
- Learned about basic fundamentals and features of @LensProtocol on the @orbapp.lens app, and got a dope NFT 🌿
#orb #orbapp #orbsbt
- Learned about basic fundamentals of crypto wallet on @orbapp.lens app, and got a sick NFT 🤯
#orb #orbapp #orbsbt
- Learned about basic fundamentals of web3 on @orbapp.lens app, and got a dope NFT 😇
#orb #orbapp #orbsbt
- Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes
https://news.bitcoin.com/federal-reserve-chairman-jerome-powell-faces-political-pressure-over-interest-rate-hikes/
- How to Buy Bitcoin: A Guide to Investing in the Cryptocurrency
Has the cryptocurrency’s recent rebound piqued your interest? Here’s a primer for latecomers just now tuning in.
https://www.bloomberg.com/news/articles/2020-12-02/how-to-buy-bitcoin-btc-beginners-guide-to-investing-in-the-cryptocurrency?srnd=cryptocurrencies-v2
- Phishing scammer Monkey Drainer has pilfered as much as nullM in Ethereum
Four addresses have been flagged relating to Monkey Drainer, including the monkey-drainer.eth address, with Chainabuse showing a long list of reported victims relating to these accounts.
https://cointelegraph.com/news/phishing-scammer-monkey-drainer-has-pilfered-as-much-as-1m-in-ethereum
- Aussie federal budget reaffirms BTC won’t be treated as foreign currency
The new federal budget states that Bitcoin will fall under the “current tax treatment of digital currencies, including the capital gains tax treatment, where they are held as an investment.”
https://cointelegraph.com/news/aussie-federal-budget-reaffirms-btc-won-t-be-treated-as-foreign-currency
- This is called a rising wedge in European Corn, traded at MATIF. The rising wedge is most often found as a corrective rally within a bear market.
I am NOT a fan of trendlines. I look for patterns that contain boundaries.
- Three most worthless tools for a chartist are:
1. Trendlines
2. Other diagonal lines
3. RSI and similar (exception is triple divergence of RSI and price)
Chart below is map to new galaxies discovered by the Webb telescope
- Nothing quite fights inflation more than $737 billion in U.S. government boondoggles
- Another week, another testnet upgrade 😁
Sepolia, which merged a few weeks ago, now needs to undergo a simple post-merge upgrade to disconnect non-PoS peers. The upgrade is scheduled for August 17, and only ELs need to be updated. More info here 👇🏻
https://blog.ethereum.org/2022/08/03/sepolia-post-merge-upgrade/
- Tornado Cash developer detained, Core Scientific cuts jobs, and BlackRock’s bitcoin bet: CNBC Crypto World
https://www.cnbc.com/video/2022/08/12/tornado-cash-developer-core-scientific-cuts-jobs-blackrock-bitcoin-crypto-world.html
- TRON DAO reserve addresses questions regarding USDD stablecoin
Geneva, Switzerland, July 22 – The TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON.
https://cointelegraph.com/press-releases/tron-dao-reserve-addresses-questions-regarding-usdd-stablecoin
- Crypto market cap climbs 15% in a week following Ethereum Merge date revelation
Rising sentiment and token prices suggest that the upcoming Ethereum Merge is helping to catalyze a broad recovery in crypto prices.
https://cointelegraph.com/news/crypto-market-cap-climbs-15-in-a-week-following-etheuerm-merge-date-revelation
- IMO
If you are interested in being a career swing trader -- and not a longer-term investor or single asset one-trick pony -- then you won't know if you have a chance until you've taken ownership of your trading approach with consistency for a period of three years
- Pattern formation in progress -- Rising wedge in $BTC
Caveats:
--Most forming patterns morph into something else
--Even if it is a rising wedge, it must first be completed
- The daily chart of composite grain prices (Wheat, Corn, Beans) is forming an inverted H&S, yet the trend is strongly down. Most periods of congestion are resolved in the direction of the primary trend. $ZC_F $ZW_F $ZS_F Important #WASDE report pending today
- **🌿 Rooting in Web3 — day 12 Introducing @TroopFinance**
**What is Troop?**
@TroopFinance official intro:
Create and manage a portfolio together with your frens. Collaborate on your investments while earning rewards and reputation. They are one of the grant winners from @LensProtocol , which we believe will integrate Lens in the future!
**Our opinion about** [**@TroopFinance**](https://twitter.com/TroopFinance) **(NOT FINANCIAL ADVICE):**
Troop is going to innovate how investment is done in such a way that it is practiced in the form of a "troop" or a group of your friends in a fun and engaging way.
The key highlight of Troop is "Join an investment portfolio with friends" So how does it work? 🤔 Let me walk you through it.
There are 3 important components: **
•** Rewards & Reputation **
•** Hive mind **
•** Exclusivity
More details about "How community portfolios work" in the pictures of this post.
Finally, there is a demo from [@TroopFinance,](https://twitter.com/TroopFinance) regarding how to create/join a troop:
<https://twitter.com/teapartylife/status/1555431172510851072>
**Again, not financial advice!**
If you would like to know more about [@TroopFinance](https://twitter.com/TroopFinance) project, please DYOR:
🌐 <https://troop.finance>
💬 <https://t.me/troopfinance>
- **🌿 Rooting in Web3 — day 11 Introducing SoundIt**
**What is SoundIt?**
Official intro:
[@SoundItWorld](https://twitter.com/SoundItWorld) is an audio-first social decentralized platform (dPlat) focused in disrupting the status-quo audio value chain.
They are one of the grant winners from [@LensProtocol 🌿](https://twitter.com/LensProtocol), which we believe will integrate Lens into their platform in the future!
**Our opinion about SoundIt:**
SoundIt going to revolutionize how the audio industry works in the future. SoundIt positioned in a very unique & interesting angle which to empower creators and fans to interact with each other, plus creating masterpieces together! 🤯
**Let's deep dive to understand more:**
SoundIt enables creators to create a professional studio-like environment and collaborate and generate fan engagement directly on the go.
Important key highlights to mention would be SoundIt's complete suite of tools to empower creators such as "**Blurbs**", "**Feed, Stage & Spotlight**", "**Collab**" and "**Pods**".
Finally, the last important point to cover would be the creator economy & value chain. As for the long-term, [SoundIt](https://twitter.com/SoundItWorld) is going to fix the Creator-Fan-Platform relationship model in the audio sector.
There's more to cover here.
In order to know more about [SoundIt](https://twitter.com/SoundItWorld), please do support them:
🌐 <https://soundit.com>
💬 <https://t.me/SounditWorldOfficial>
- **🌿 Rooting in Web3 — day 9 Introducing** [**Gummys**](https://twitter.com/Gummys_io)
\
**What is Gummys?** \
Official intro:\
Gummys is a WEB 3.0-powered video and streaming platform with a fully operable product allowing users to generate income by creating, owning, and trading tokenized media content such as NFT, watching videos, and more engaging actions.\
\
**Our opinion about Gummys:** \
Gummys is going to revolutionize how we going to watch TV/video in the future. Why is that case? Because imagine we could sit at home watching TV or any video in the comfort of our home sofas, and yet we can earn income! 🤯\
\
However, it is not clear yet how Gummys is going to integrate Lens Protocol. However, we can only anticipate they will integrate the social elements into their platform, which is gonna be awesome.\
\
**Important highlights about Gummys:** \
Through Gummys privacy measures, users have peace of mind knowing that they do not need to worry about their data being sold to third parties or a data bridge as they only need a blockchain public address to use the platform.\
\
Another important mention that Gummys is a multi-award winner from various protocols! \
Such as:**\
•** 1st Prize winner at Chainlink Hackathon 2022 **\
•** Partnership with Polygon Studios\
**•** Lens/AAVE protocol Cohort 1 "The Saplings"\
\
**Do support them via their socials:**\
🌐 <https://gummys.io>\
🐦 <https://twitter.com/Gummys_io>
- **🌿 Rooting in Web3 — day 9 Introducing** [**Gummys**](https://twitter.com/Gummys_io)
\
**What is Gummys?** \
Official intro:\
Gummys is a WEB 3.0-powered video and streaming platform with a fully operable product allowing users to generate income by creating, owning, and trading tokenized media content such as NFT, watching videos, and more engaging actions.\
\
**Our opinion about Gummys:** \
Gummys is going to revolutionize how we going to watch TV/video in the future. Why is that case? Because imagine we could sit at home watching TV or any video in the comfort of our home sofas, and yet we can earn income! 🤯\
\
However, it is not clear yet how Gummys is going to integrate Lens Protocol. However, we can only anticipate they will integrate the social elements into their platform, which is gonna be awesome.\
\
**Important highlights about Gummys:** \
Through Gummys privacy measures, users have peace of mind knowing that they do not need to worry about their data being sold to third parties or a data bridge as they only need a blockchain public address to use the platform.\
\
Another important mention that Gummys is a multi-award winner from various protocols! \
Such as:**\
•** 1st Prize winner at Chainlink Hackathon 2022 **\
•** Partnership with Polygon Studios\
**•** Lens/AAVE protocol Cohort 1 "The Saplings"\
\
**Do support them via their socials:**\
🌐 <https://gummys.io>\
🐦 <https://twitter.com/Gummys_io>
- 🌿 **Rooting in Web3 — day 7 Introducing Orb**\
\
**What is Orb?**
Orb is the best place to network with web3 working professionals! Decentralized professional social media app with an end-to-end on-chain credibility system; connecting companies, projects, and people; built with Lens protocol on the Polygon chain.\
\
**Our opinion about Orb:** \
Undoubtedly, [Orb](https://twitter.com/orbwagmi) is going to revolutionize how recruiter going to hire and job seekers curate their "profile" to get hired in the future!\
It is an interesting angle from Orb, imagine we don't need a CV to find a job anymore in the future! 🤯\
\
**Key features:**\
• Decentralized Professional Profile\
• Hangout with web3 community\
• Learn & get NFTs\
• Explore web3 Jobs\
\
**Interested to know more about** [**Orb**](https://twitter.com/orbwagmi)**?** \
Recently they opened early access for users to use their dApp, do check them out more below: \
🌐 **Website**: <https://orb.ac> \
💬 **Discord**: <https://discord.com/invite/mpeFuy4Bh7>
- **🌿 Rooting in Web3 — day 6 Introducing @clipto.lens**
\
**What is Clipto?** \
From Clipto official intro: Clipto is a crypto version of Cameo. You can request videos from your favorite celebrities or become a creator and make clips for your fans!\
\
**How** [**Clipto**](https://twitter.com/CliptoDAO) **is born?** \
When popular crypto Twitter star [@](https://twitter.com/gabrielhaines)gabriel.lens's application to Cameo got rejected, this motivated Gabriel to start Clipto which does not discriminate against creators and will be done in a decentralized trustless manner. 🤯\
\
**Engage to Earn**\
When creating clipto from writing/curating script, select the best creator to deliver, and ultimately performed by the creator. This promotes E2E rewards for both users and creators who have created the most engaging pieces of content in Clipto! 🤯\
\
**Direct engagement with fans!**\
Creators love Clipto because it provides them with the opportunity to engage on a personal level with their fans that value them most. Also crucial to mention, Clipto is trustless it is by definition anon friendly!\
\
**Bounty 💰👀**\
Clipto has a bounty program that can be used to entice new creators to join the platform. For example, if you want Joe Biden to say GM you could put null million into a bounty contract which can be claimed by Joe if he were to upload and mint said video.\
\
**Interested to know more about** [**Clipto?**](https://twitter.com/CliptoDAO)
Never doubt, Clipto is going to take lead and revolutionize the user-creator way of creating videos that brings impact. \
\
**Learn more:**\
🌐 <https://www.clipto.io/>\
💬 <https://discord.com/invite/fpVMmerNZm>
- **Rooting in Web3 — day 4 Introducing Lenstube 🎥**\
\
**What is Lenstube?** \
Lenstube is a decentralized video-sharing social media platform, built with @LensProtocol 🌿. \
What is that really mean? 🤔 \
Let me walk you through it!\
\
In Web3, it is all about decentralized this and decentralized that. So in this context, what it really means is that a video being decentralized is being uploaded to "IPFS".
\
**What is IPFS?**\
"IPFS" or InterPlanetary File System is a protocol and P2P network for storing and sharing data in the distributed file system. This allows the same content could be retrieved from anywhere! In simple meaning, every video uploaded to [Lenstube](https://twitter.com/lenstubexyz) is going permanently forever! 🤯\
\
**What Lenstube is solving?**\
One practical major problem Lenstube is solving is a situation that happened to @lofigirl. Just recently, a video by @lofigirl has been "mistakenly" taken down due to "false copyright strikes" by Youtube.\
\
**Be responsible for uploading video to IPFS**\
Well... you might be thinking it is useful and might be quite alarming at the same time. We understand... It is always been a similar situation when a new technology is invented, someone could abuse it or either use it for good.\
\
In order to build an open world, we all have our parts to play and responsibility to ensure good. I'm pretty sure Lenstube already has this regulation in place and continues to improve. In decentralization, no one can't take down what you uploaded, so please be responsible!