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#<strong>SHILL</strong><br />
SOLANA NFT/DEFI/TWITTER ECOSYSTEM<br />
ISSUE #<strong>47</strong><br />
0.1 ◎<br />
MTNDAO experience<br />
MTNDAO experience<br />
kidonthephoenix takes us<br />
on a journey, literally<br />
yellow trashcan<br />
interview by alanj with a<br />
project that should be on<br />
your radar<br />
balance askew<br />
collectors and creators, is<br />
there a balance?<br />
cyborg iguanas<br />
welcome to the iguanaverse
THIS<br />
In<br />
ISSUE<br />
<strong>47</strong>
4<br />
FROM<br />
6<br />
26<br />
30<br />
36<br />
42<br />
68<br />
FROM THE EDITOR<br />
So much to write. So little<br />
space.<br />
MTNDAO excperience<br />
KidOnthePhoenix takes us on<br />
magical journey #alpha<br />
Balance ASKEW<br />
Austinvirts thread about the<br />
current imbalance in this space<br />
Probably Nothing<br />
Things you should know<br />
BARNDOG & METAVERSE<br />
Regular contributors and for<br />
good reason.#alpha<br />
YELLOW trashcan<br />
Alanj with his first interview<br />
with a little known project - are<br />
you watching anon? #alpha<br />
IGUANAVERSE<br />
This project is still pumping<br />
along with a strong base, find<br />
out why #alpha<br />
avekno
the<br />
from<br />
EDITOR<br />
#Shill is nearing its 50th issue. Got an idea for how #Shill should<br />
celebrate? Let’s hear it: pixeltoy.sol@gmail.com<br />
#Shill zine is grinding. So much content out there it seems that 2<br />
issues per week will never cover it all. What #Shill does offer is an<br />
opportunity for you #frens to catch up on the space.<br />
This issue has COLOSSAL pieces. A real opportunity to kick back<br />
and actually read!<br />
KidonthePhoenix has written a quasi-tome about his recent<br />
experience with the MTNDAO. A worthwhile piece with a plethora<br />
of personalities you should be adding to your FOLLOW list. Take the<br />
time to read this one.<br />
Alanj submits his first piece. An interview with Yellow Trashcan. I<br />
can’t think of another project out there doing something like this.<br />
I consider this #alpha. Especially considering some of the entry<br />
points available at the moment.<br />
Wrapping up the colossal texts this issue is a piece on Cyborg<br />
Iguanas. Iguanaverse seeks to explain what the project is about and<br />
what you can expect from the team. Make your own judgment on<br />
this one.<br />
Before I let you get into it. NO! I am not signing up for your WHITELIST!<br />
Your 5000 mint project at 2Sol has a slim chance of minting out. Your<br />
roadmap is similar to every other project out there at the moment.<br />
AND there is NO F$ING WAY you have 50000 followers on Twitter<br />
since joining in January. Go f*k yourself I have other things to do.<br />
That’s what I would like to Tweet back to so many projects out there.<br />
As always, show your love on the Twittersphere with a simple retweet<br />
before #Shill zine increases in price!<br />
Enough said. You know the drill. Let’s f go!<br />
Pixeltoy<br />
4<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
GRAPE EVENTS<br />
https://vimeo.com/manage/videos/688791798<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 5
a<br />
Mar 2022<br />
@kidonthephoenix<br />
Big shout out to everyone who put the event on. The Shop in<br />
SLC, @cypher_protocol, @marginfi, @PsyOptions, @slmehr,<br />
and all the sponsors who made this possible. For the first time in my life,<br />
I got to experience what it would be like to work in a tech office. This<br />
was no ordinary office. A communal workspace that is shared by many<br />
different people, doing many different things. To me, this is the future of<br />
workspaces. From learning about trading expiratory futures of SpaceX;<br />
to talking to a congressman about crypto; to learning about the future<br />
of on-chain art marketplaces from teams like @grapeprotocol, this was<br />
a fascinating learning experience. Thank you @TheOnlyNom and @<br />
MetaMacDMonke for the tip to go. Especially @MetaMacD_Monke,<br />
who went out of her way to find me lodging for the event. Biggest<br />
shoutout to @GroveSt_NFT and @blockchainkaine, my roommates<br />
throughout the event, and now friends for life.<br />
6<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
I jumped in the Buick and took off from the #HackerHouseSeattle<br />
towards Salt Lake City. I stopped in Boise, Idaho to meet up with the @<br />
tat2fingers clan and go to the zoo. I hate zoos. The look in the animal’s<br />
eyes reminds me of being locked up. A look that I hate to see in animals<br />
of any kind. However, I couldn’t pass up the opportunity to hang with<br />
the @tat2fingers family. Plus, we went to the arcade after the zoo, which<br />
is right up my alley.<br />
Upon arriving at @MtnDao, I was greeted by @GroveSt_NFT and<br />
welcomed up to The Shop. The Shop SLC is a workspace in downtown<br />
Salt Lake City. 30,000 square feet where tech, art, and hospitality meet.<br />
This is a shared workspace where anyone can join and set up shop and<br />
create. There is a beautiful, shared kitchen, rooftop spot, and innovative<br />
design throughout the 4 floors. There were tons of monitors set up,<br />
but without the lo-fi purple lights, you would normally find at a Hacker<br />
House. You could lounge on one of the couches and overlook the<br />
downtown SLC. From the view, you could even see the billboard right<br />
on University Blvd. plugging the @MtnDao event. @slmehr and @<br />
barret_io made me feel very welcome, and let me know I could stay<br />
at the sponsored Airbnb as long<br />
as I’d like. This was so refreshing<br />
after forking over big cash for<br />
hotels for the other events. I had<br />
my own room at the Airbnb about<br />
15 minutes from The Shop.<br />
I’d like to thank the staff of<br />
The Shop for being amazing<br />
and cleaning up after a bunch<br />
of degens for a month. One of<br />
which is @franchestnutte. You<br />
would find her cleaning up the<br />
place throughout the day, but she<br />
is an amazing artist herself, and<br />
out of all the questions asked to<br />
congressman John Curtis when he<br />
came to have a conversation with<br />
us, her’s was the best. Give her a<br />
follow.<br />
Salt Lake City is beautiful. One<br />
gets the sense of it being a city<br />
on the ascent, which sadly is rare<br />
in the U.S. at the moment. Most<br />
cities and towns I go to seem like<br />
they are on the descent. There was<br />
still a homeless population, but it<br />
was extremely minor compared to<br />
other large cities. I didn’t see any<br />
actual tent set-ups throughout the<br />
city. Not sure I would ever want<br />
to call it home, but I can tell that<br />
if I were to call it home, I would<br />
be happy with all that the city has<br />
to offer.<br />
Weird fact: More people visit<br />
Temple Square (Mormon Church)<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 7
annually than they do the five National Parks in Utah.<br />
Awesome fact: On average, Utah has about 300 sunny days a year,<br />
making it the second-driest state in the United States.<br />
I will say this, Utah has some of the craziest and weirdest laws that I<br />
have ever heard… For better or for worse<br />
This event was made possible because the @cypher_protocol and @<br />
marginfi teams just got into the dm’s of potential sponsors and made<br />
the shit happen. It goes to show you with some can-do attitude you can<br />
make really cool things happen.<br />
I spent the first few days finishing my #HackerHouseSeattle story and<br />
putting together a digital art collection that I never ended up releasing.<br />
(yet) I submitted the art to FormFunction to apply to the platform. I<br />
got rejected. I’m ok admitting that here because for the first time in my<br />
life, I am learning to deal with rejection. I took it hard, but as an artist,<br />
overcoming rejection is a must. Not everyone will think I am a good<br />
artist. I don’t care. No matter how many times I get rejected, I will keep<br />
making art because I love doing it. I may have to get another normie<br />
job, but I will still make art as long as it is something that I enjoy doing.<br />
The second night I was there we went out to dinner, and I got to hang<br />
with @matanaDAO, @MikeFraietta, @TheOnlyNom, @MetaMacD_<br />
Monke, @GroveSt_NFT, @blockchainkaine, and @slmehr. We had a<br />
great dinner and @MonkeDao picked up the tab. I am only writing that<br />
they picked up the tab because I think it’s important to highlight this. I<br />
don’t own a Monke, but they continuously support me and include me<br />
in what they are doing and provide me the opportunity to get to know<br />
them. I’ll be real with ya’ll… I’m pretty poor by American standards. I<br />
drive an old ass car, and I have no assets other than some undervalued<br />
1/1 art I’ve been able to snipe along the way. When people take me out<br />
to dinner, it means a lot to me. When people let me stay at an Airbnb, it<br />
means a lot to me. I think the inclusivity that the @MonkeDao and @<br />
MtnDao showed me really speaks to the inclusivity that makes Web3 so<br />
great. Sure, I can’t vote in the Dao or reap the financial gains, but I’m<br />
ok with that. That stuff is great, but I’m here for the people and the<br />
art. I’m here because I want to be a pioneer in the digital Renaissance. I<br />
really enjoy hanging out with these people, and I learn a lot from them.<br />
I think they learn from me as well.<br />
8<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
Let’s get to the Defi Protocols<br />
The three protocols I will mention here spoke on an amazing panel.<br />
After I write a bit about each protocol, I will include a couple of quotes<br />
from each team leader.<br />
@cypher_protocol- This team led by @barret_io & company is<br />
building expiratory futures on Solana. So, what the hell does that mean?<br />
Well, just like it sounds- you bet in the future that something will be<br />
either better or worse, and you put your money where your bet is. The<br />
expiratory part just means it is a set time frame. Perpetual futures mean<br />
you can just leave your bet on the table on-going. Keep in mind if I<br />
explain this stuff wrong it’s because I’m not some stock or token guru.<br />
I only know the little I’ve been privelaged to be taught by people like<br />
@barret_io. I also watched the Big Short. I love the part where Ryan<br />
Gosling explains that they use fancy terms to say things so that normies<br />
won’t understand. Anywho, @cypher_protocol has a killer catchphrase-<br />
“Trade the untradeable.” For instance, with their devnet they recently<br />
launched, you can long (bet for) and short (bet against) SpaceX. Let’s<br />
touch on the gravity of this. They are creating a place where ANYONE<br />
with some wifi and some crypto can do what has only been achievable<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 9
y gazillionaires and “elites” until now. So we could potentially stir up<br />
a market for any asset or company we want. Sure, this could lead to<br />
uneducated and irresponsible people like myself losing money, but it<br />
could also lead to an even playing field where everyone has the same<br />
right to change their life based off their research and intuition. This<br />
means that someone from the Middle East or south-east Asia could<br />
long a private company from anywhere in the world and be rewarded in<br />
a crypto-asset that no government or opposing forces could take from<br />
them. This is powerful shit. Plus, let’s be honest… it will make some<br />
degens out there very entertained.<br />
Quotes from @barret_io<br />
“We’re getting rid of accounts receivable and providing actual<br />
ownership.”<br />
“We’re building a platform where anyone can trade the untradeable.”<br />
Find out more about @cypher_protocol and how to “Trade the<br />
Untradeable” here: https://cypher.trade<br />
This is a good time to introduce the community manager of @cypher_<br />
protocol @0xisabelle<br />
Immediately when you meet @0xisabelle you want to know more about<br />
10<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
her. She is the self-proclaimed “problem child” at @cypher_protocol<br />
doing a lot to help this project, but I really want to talk about her art and<br />
writing. She is a wonderful painter, drawer, and designer. Soon she will<br />
share her amazing art with the Solana NFT space and is even working<br />
on a provocative project that I will let her unveil to the world when she<br />
is ready. What impressed me the most about her is her writing. She has<br />
an amazing article published by The Defiant about how little NFT sales<br />
are from female artists and how this should change. It is a must-read.<br />
Here is the link: https://thedefiant.io/web3-inclusivity-equality<br />
@marginfi- This team led by @edgarpavlovsky is building a<br />
decentralized portfolio margining protocol for trading on Solana.<br />
According to the website “the protocol gives traders a unified account<br />
to access margin, compose a portfolio, and improve capital efficiency<br />
across underlying trading protocols.” I’ll be honest, I have no idea<br />
what this means. @edgarpavlovsky tried really hard to explain it to me,<br />
but I’m an idiot. However, I think it’s a simplified way to do a ton<br />
of defi stuff in one central place, making it easier for people to gain<br />
the benefits of many protocols, and evolve the way we use financial<br />
services. I was thoroughly impressed with the vision they have for the<br />
future, and @edgarpavlovsky’s beliefs about where we are headed in<br />
the future of finance. I could be really off here, but my perception<br />
created the analogy of like Travelocity or one of those travel sites that<br />
provides you the best rates on hotels, cars, etc… all in one site… but<br />
for finance. Since I didn’t understand it all that well, I will simply quote<br />
a medium article written about margin trading. You can find the whole<br />
article here: https://medium.com/@kevinmooers/how-is-trading-onmargin-different-from-borrowing-28ae46c09f71<br />
“We discussed before that trading on margin refers to borrowing<br />
money to buy financial assets. When you open a margin account, you<br />
post margin to that account (that’s depositing your equity or getting<br />
your “skin in the game”). When you place a trade, you specify how<br />
much leverage you would like to take out to execute the trade. The asset<br />
that you buy is then used to collateralize the margin loan and helps the<br />
lender manage the risk that you might default on your loan.”<br />
In the past, we’ve had to borrow when THEY (trad. banks) told us we<br />
could and use it for what THEY told us we could use it for. These elitist<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 11
arriers are being broken down.<br />
Please forgive me if I butchered<br />
this explanation of @marginfi.<br />
Here is the @marginfi websitehttps://marginfi.com<br />
Quotes from @edgarpavlovsky<br />
“The concept of a bank has always<br />
been evolving.”<br />
“The open-source nature of Web3<br />
is why it moves as fast as it does.”<br />
@PsyOptions- The team led<br />
by @tomjohn1028 has built an<br />
American style options protocol<br />
on Solana. Look I have no idea<br />
how this works. Even reading<br />
the website hurt my brain. I’m an<br />
artist, not an investor or financial<br />
guru. I’m just going to steal the<br />
following from their website.<br />
Writing an option<br />
To write an option, one must lock<br />
the underlying asset in the amount<br />
specified by the option market.<br />
For a SOL/USDC option with<br />
underlying asset size of 100, 100<br />
SOL would be locked in order to<br />
mint the option token. The option<br />
writer will receive two SPL Tokens.<br />
One represents the option, which<br />
the user may sell to generate<br />
yield. The other represents the<br />
written contract (the claim on<br />
the underlying asset) and can be<br />
exchanged for the underlying asset<br />
post expiration.<br />
Exercising an option<br />
Holding an option token preexpiration<br />
gives the user the<br />
ability to exercise by swapping<br />
the quote asset for the underlying<br />
asset. Whether the option is in<br />
the money or out of the money,<br />
it's completely up to the token<br />
holder whether to exercise. When<br />
exercising, the exerciser locks<br />
[strike price * underlying asset<br />
size] worth of quote asset, burns<br />
the option token, and receives the<br />
underlying asset.”<br />
This I do know: All the stock<br />
market dudes I know; have always<br />
told me the way they made their<br />
money were big conviction<br />
bets and options trading. I wish<br />
I understood it, but I don’t.<br />
According to the site, they have<br />
4.4 million in TVL so it appears<br />
they are cookin’ strong, and they<br />
are financially backed by Alameda<br />
Research, and even this moron<br />
knows that name.<br />
Here is the website for @<br />
PsyOptions- https://psyoptions.<br />
io<br />
Quotes from @tomjohn1028:<br />
“Until I get an email or a subpoena,<br />
I’m just going to keep going.”<br />
“We’ve got a couple of decades<br />
left with the banks.”<br />
Again, I wish I could explain these<br />
amazing protocols these teams<br />
12<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
have built better, but I at least wanted to present them to the 5 people<br />
that read this. I may not understand the ins and outs, but I do understand<br />
that what teams like this are building are going to shake shit up in a<br />
much needed way, and provide ways for people all around the world to<br />
gain access to financial services they would have never had before in a<br />
way that gives them actual ownership of what they gain. It will also put<br />
these legacy financial systems on their heels and rightfully so. The banks<br />
better move fast… cause these degens and shadowy super coders move<br />
real fast.<br />
IMHO, Banks build big fancy buildings to show us all how much more<br />
important they are than us, and they use overdraft fees and their inability<br />
to pay interest rates to provide fancy Mercedes for their higher-ups<br />
while underpaying their tellers and security guards. I’d also like to add<br />
that when you deposit your hard-earned money into a bank, they don’t<br />
have to keep any amount of that on hand legally. In 2008, if the banks<br />
wouldn't have been bailed out, you wouldn’t have been able to withdraw<br />
your rent money from the ATM. Something to ponder. True ownership<br />
without the fancy brick and mortar buildings and elitist control is the<br />
future. Call me an optimist, call me a pessimist, call me a conspiracy<br />
theorist, call me an idiot, call me whatever… Just don’t call me late for<br />
dinner.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 13
Meeting with Republican John Curtis<br />
This once Democrat turned Republican and former Mayor of Provo, has<br />
been the U.S. representative for Utah's 3rd congressional district since<br />
2017. So yes, a congressman from the “silicone slopes” came and talked<br />
to a bunch of degens about crypto. I’d like to point out here that he had<br />
some player ass blue and white socks on and killer brown dress shoes.<br />
Nice swag Congressman. He explained just how outdated the tech with<br />
congress is. When it’s time for a congressman to go and vote, a clock<br />
bell tings in an office and alerts them. In other words, it sounds like they<br />
haven’t updated their tech since Benjamin Franklin. He said, “Congress<br />
views crypto the same way we view Congress.” God, I sure hope not.<br />
Can’t say I think too highly of Congress these days. After he explained<br />
how legislation works, I came to this conclusion. Regulation will never<br />
be able to keep up. I already knew this, but he simply confirmed it.<br />
Thousands of bills die before they ever even get to a committee, and<br />
he mentioned he has seen bills with hundreds of sponsors signed that<br />
he can’t get a vote on. Although this may sound like it will keep them<br />
off our tail for a bit, really it prevents us from getting new laws passed<br />
that are crypto-friendly, and well… that make sense. It also points out<br />
the inefficiency of Congress. What is alarming about this is that when<br />
Congress can’t move, the Federal agencies step in and do what they<br />
want without answering to the people. Basically, we are applying 1933<br />
laws to current-day technology. This is crazy. We are applying laws<br />
created at a time when computers, the internet, and crypto-assets were<br />
not even around. At some point, you would think we would come up<br />
with some new laws to go with the exponential growth in technology<br />
we have seen in the last hundred years. Not to mention the U.S. dollar is<br />
not even close to what it was worth then in terms of purchasing power.<br />
Even further, you would think when they tried this little fiat experiment<br />
out they would have at least developed new laws to accommodate the<br />
Ponzi scheme they created. It’s not that I think regulations are bad, but<br />
when you look at history, regulations have only ever killed the small<br />
guys and gals, and let the big fish parade freely without competition. For<br />
instance, right now Facebook or Meta or whatever the crap it’s called is<br />
screaming for regulation because they don’t want anyone else to have a<br />
chance. They know their Libra or Diem or whatever it is sucks, and they<br />
14<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
are trying to keep anyone else<br />
from gaining the upper hand. If<br />
FB controls the metaverse then<br />
I am moving to some island that<br />
doesn’t even have the internet.<br />
When asked if the constitution<br />
should be changed for digital<br />
rights, he simply acted like it’s<br />
impossible. On one hand, there<br />
are many freedoms that we don’t<br />
want to be changed, so if we<br />
open the floodgates of change<br />
that could end up really bad. On<br />
the other, the times have changed<br />
so we have to at least consider the<br />
possibilities that adjustments may<br />
need to take place. Some things<br />
that Congressman Curtis said that I agreed with were that the next<br />
Presidential candidate that brings up crypto will change everything in<br />
the sense that once this becomes a part of debates they won’t be able<br />
to continue to pass the buck and ignore it. He also mentioned that we<br />
cannot make this a partisan issue. I couldn’t agree more. Web3 and<br />
crypto are largely about inclusivity so we cannot make this a Republican<br />
vs. Democrat thing. IMHO, the fact we even have partisan issues is<br />
somewhat of a joke. It’s just an illusion anyway. From one party to<br />
the next, they seem to have the same agenda: The rich get richer, and<br />
the poor get poorer. Personally, I think political parties are a joke, and<br />
the fact that we have all these partisan issues really just keeps us from<br />
accomplishing anything. I don’t like writing about political stuff so the<br />
last thing I will say is this: I really appreciate that Congressman Curtis<br />
at least came and had a conversation with us. It’s more than most will<br />
do, but at the same time he just kept saying, “I don’t understand,” or<br />
“You’re not speaking my language.” How do we make them realize the<br />
importance of understanding? How do we make them stop putting<br />
band-aids on problems… wait politicians aren’t even putting band-aids<br />
on, it’s more like they are jabbing knives into open wounds. How do we<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 15
get them to understand that what<br />
crypto is really trying to do is get to<br />
the root of problems? In fairness,<br />
we are all just people. We get<br />
busy, and it is hard to understand<br />
another person’s world. I don’t<br />
have the time to keep up with<br />
politics. Mostly because I think<br />
it’s a bunch of crap, but still, I<br />
can’t be mad at a politician for not<br />
understanding crypto. I think we<br />
as a community must do a better<br />
job of educating and encouraging<br />
people to realize the importance<br />
of taking the time to understand<br />
crypto and what this could do for<br />
people all around the world. Rant<br />
done.<br />
The Big Party<br />
A huge party that went on while<br />
I was at @MtnDao was at the<br />
Natural History Museum. There<br />
were free drinks and amazing<br />
food being passed around on<br />
trays. Craps and roulette tables<br />
throughout where you could turn<br />
your chips into raffle tickets used<br />
to enter raffles for dope prizes.<br />
You could find @GroveSt_NFT<br />
running up and down the halls<br />
from excitement. This become<br />
apparent: I must take @GroveSt_<br />
NFT to Vegas. This dude can<br />
roll some dice like no other. I<br />
got to hang with @fordudesake<br />
and @forbabesake, two of my<br />
favorite people, and stand outside<br />
overlooking an amazing skyline<br />
of Salt Lake City. Whoever<br />
coordinated this party really did a<br />
phenomenal job. Beautiful people<br />
everywhere, and plenty of degens<br />
in full activation. At the end of<br />
the party was an auction for some<br />
skis and a snowboard where @<br />
barret_io and @edgarpavlovsky<br />
got into an extreme flex match.<br />
This also became apparent: I<br />
must find a way to get these two<br />
at one of my future auctions for<br />
my art, because they show up and<br />
show out. I had a great time at<br />
this party and the after-party was<br />
awesome too. At the after-party,<br />
you walked into this cool building<br />
with multiple rooms and secret<br />
spots. There were DJs at both<br />
parties, and the after-party had a<br />
sick limbo dance-off. You would<br />
find @ChelseaKeefer8 running<br />
around casting light throughout<br />
the party. She is a gorgeous ballet<br />
dancer and artist who coordinated<br />
to have physical art on display<br />
throughout the event. This brings<br />
up an interesting point: as much<br />
as I love NFTs, they will never<br />
replace the magic of physical art.<br />
The smell, the texture, the energy.<br />
The after-party was beautifully<br />
decorated. I even tried to hook<br />
@GroveST_NFT up with this<br />
16<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
tantric lady who was on the prowl. When I told her that my friend<br />
was interested, she jetted over there so fast you would think that she<br />
teleported. I had a great time vibing with @GroveST_NFT and @<br />
blockchainkaine. Thanks to everyone who contributed to making these<br />
parties happen.<br />
Fashionable mentions for the week<br />
@matanaDao- you would find her rockin’ these sick coats that had me<br />
wondering if Beyonce was hanging in the midst.<br />
@0xisabelle- She beautifully blended punk rock, elegance, and not<br />
giving a fuck while also giving a fuck. Yes, that makes sense in my mind.<br />
@0x_thug- showed up to Snowbird for a day on the slopes with the<br />
most fashionable snowboard outfit I’ve ever seen anyone wear. The<br />
dude has style.<br />
Hitting the slopes at Snowbird<br />
I didn’t ski because I hate cold and didn’t want to shell out the cost to<br />
rent gear, but everyone that did was having a great time. I went for the<br />
views. The mountains of Utah are beautiful, and I got some amazing<br />
photos. @GroveSt_NFT passed out from the altitude and still went<br />
back up and ripped the slope. What a G. The snow of Utah is some<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 17
of the best in the world to ski on. I personally thought it was cool to<br />
see an outdoor activity like this at a Hacker House. Something I hadn’t<br />
seen before.<br />
Meeting @_Dean_Machine and @Whalesfriend, the legends behind @<br />
grapeprotocol<br />
Whether we were out to dinner having amazing Italian food or back<br />
at The Shop talking about the future of Grape, it was an absolute<br />
pleasure to meet these guys. They will be organizing a Hacker House<br />
in Greece soon, and I am trying to make that happen. @Whalesfriend<br />
does live streams on Twitch and used to on YouTube. When I first<br />
got into the NFT space, there was such little resources online about<br />
Solana projects, and his live streams really provided a lot of info that<br />
was much needed to me. Not only that, but the positivity and good<br />
vibes that radiate from him are contagious, and what I like to have<br />
around. @_Dean_Machine is such an intelligent innovator and good<br />
time to be around, but something that really stood out to me is how<br />
much of a good father he is. I asked him what he was doing one day,<br />
and he said he was going shopping with for his son, and the look in his<br />
eye was filled with so much love for his son that it really touched me.<br />
We see these pseudonymous people online with pixelated monke pfps,<br />
but behind them are real people full of emotion. It is really great to see<br />
that in person in people. I cannot wait to get to hang with these guys<br />
again. Hopefully in Greece.<br />
Let’s talk @grapeprotocol<br />
If you’ve been in the space for a while, you might remember when the
$Grape IDO crashed the entire Solana network. If I’m not mistaken, it<br />
topped out at like 400k transactions in a second. That is just a testament<br />
to the hype that was surrounding the IDO. They were also the first<br />
verification service on Solana that projects could use to verify their<br />
holders. Their discord is a vibrant community full of channels for devs,<br />
gamers, artists, and the overall degen. A great example of the kind of<br />
community members you will find there is @Pixeltoy who has a digital<br />
magazine called #Shill Zine which is documenting the history of Solana<br />
one issue at a time and shining a light on the many great artists of<br />
Solana. I know that I have been featured on the cover, and it’s made a<br />
great impact on me to see that. Through @grapeprotocol someone like<br />
@Pixeltoy can be voted on through the Dao to be rewarded in $Grape<br />
token for his efforts. If you go to the @grapeprotocol website, grape.<br />
network, you will find a plethora of tools. You can view your portfolio,<br />
make SPL token swaps, view the communities you are verified with, and<br />
view your NFTs in a streamlined and well-presented way. One can list<br />
collectibles and make offers. You can scroll a feed where people have<br />
pieces listed almost like a combination of Twitter and a marketplace.<br />
This is the future of social networking. All done in an open-source<br />
and decentralized manner. I was recently in a Twitter space where @_<br />
Dean_Machine said that they really want to focus on helping the 1/1<br />
artists moving forward. Here is an example of what they are building<br />
for artists. Right now, you can go to grape.art, which is an NFT DEX,<br />
that anyone can build. The most important thing I want to highlight<br />
about this is that when you list NFTs through this, they never leave<br />
your wallets. This means you retain ownership every step of the way<br />
until the sale is made. I don’t think most people realize that when you<br />
list an NFT on the current marketplaces like Magic Eden, it is in their<br />
possession and not in your wallets. As they say, possession is ninetenths<br />
of the law. Having on-chain decentralized marketplaces where<br />
the NFTs never leave the artist’s escrow means actual ownership for<br />
the artist. Plus, I think it’s really cool that you can follow others and<br />
they can follow you and we can see what each other are rockin’ for<br />
art collections. I am extremely bullish on what the @grapeprotocol<br />
team has built and is building for the future. Find out more with the<br />
following sites.
https://grape.network, https://grape.art, discord.gg/greatape<br />
Now I would like to go over a presentation that was led by Alex<br />
Golding from @Delphi_Digital, but before I do, I would like to say<br />
that I had one of the most needed conversations with Alex about life<br />
that I have ever had. This is one of the beautiful things about Hacker<br />
Houses: an artist can have a deep and meaningful conversation with an<br />
extremely successful person from a Venture Capital company like @<br />
Delphi_Digital. Alex presented how to go from an idea or small project<br />
to a VC-funded startup. Here are some highlights.<br />
·If you can’t see yourself committed for 3-5 years, then don’t do it.<br />
·Ask yourself, “Am I ready to grow this at hyperspeed?”<br />
·What would this look like with a team of 20 people?<br />
·How will this project win the hearts and minds of its target market?<br />
·Build a moat between you and your competitors<br />
·Are we leaning into the core strengths that Solana offers?<br />
·Do research on your investors<br />
·Cut the leaches<br />
He also mentioned some interesting points about Solana. One is that<br />
no single validator holds more than 3.8%. Another point is that the<br />
central limit order book of Serum was created through FTX playing<br />
the break Solana game. What I take from that point is that by attracting<br />
people in a cool and fun way to your tech or art, what comes next can<br />
be a game-changer. I really appreciated Alex’s presentation.<br />
You can sign up for the free newsletter that @Delphi_Digital puts out<br />
by going to their website: delphidigital.io. Now that’s an alpha tip. They<br />
are a research company and venture firm. Some of the projects they<br />
have been a part of you may recognize: Lido, dYdX, Cosmos, Axie<br />
Infinity, Perpetual Protocol, Mirror Finance, and of course they are<br />
neck deep in the Solana ecosystem. So, if you want access to research<br />
that spans many blockchains and projects, check em’ out.<br />
I would like to close this story by just saying what a great time I had<br />
getting to hang out in such an interesting workspace with such interesting<br />
people. I especially enjoyed hanging out with @GroveSt_NFT and @<br />
blockchainkaine. By the end of the trip, I felt like I had made friends for<br />
life. We would go out for lunch and give each other hell, joke around,<br />
20<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
and talk about serious stuff. I love how @blockchainkaine would call<br />
me out on shit, and I really felt like these dudes cared about me, and I<br />
care about them. We meet people online and some may think it isn’t real<br />
but it is real. We never know when it can lead to IRL experiences that<br />
forge lifetime friendships. You also never know who you will end up<br />
having a conversation with. Who knows, maybe one day I will be having<br />
burgers with @slmehr and @TheOnlyNom and Anatoly himself will<br />
plop down next to us. If you want to make these kinds of connections<br />
and friendships, you gotta get off your ass and go to a Hacker House.<br />
This was just a brief taste of my @MtnDao experience. If you want<br />
to know what happened when I disappeared for a few days with the<br />
Woman In The Black Dress, you will have to read that story. Wasn’t quite<br />
ready to tell that one yet.<br />
If you like these stories, feel free to go and right-click save my art.<br />
A @MtnDao experience<br />
A @kidonthephoenix joint<br />
@UnitedWeArtSOL With legends @TheOnlyNom @afkehaya<br />
@Crasskitty @thevonwong @CailinDoran @kidonthephoenix<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 21
Skyscapes_art
erhancrypto
askew<br />
@austinvirts<br />
there is currently an imbalance between creators and collectors<br />
in the Solana NFT space.<br />
the rate of 'minting' is outpacing the rate of collecting by a<br />
significant amount.<br />
let's take a look to start, let's take a look at the data.<br />
(for simplicity, I am using March 2nd as the baseline)<br />
- average # of NFTs minted each day | ~50,000<br />
- # of unique Solana NFT holders | 583,804<br />
- average # of daily NFT transactions | ~12,5000<br />
- # of daily new Solana NFT holders | ~3,500<br />
* for transparency, the numbers above vary slightly between bull /bear<br />
markets. I took a median average - numbers vary plus or minus 20% in some<br />
extremes.<br />
regardless, the number of people buying NFTs is only a fraction<br />
of the number of people minting NFTs.<br />
why does this matter?to start, a standard metric of success<br />
recently has been ‘number of NFTs minted.’ while this is great<br />
and shows that folks are interested in and using the tech, it’s<br />
excluding actual market demand.<br />
on the contrary, we are seeing ~50k new NFTs minted on<br />
average.<br />
26<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
so what’s happening with all these new mints?the short answer<br />
is not much (afaik) - the longer answer is a bit more complicated.<br />
data between resale and fresh mints was challenging to find,<br />
so I pulled the aggregate of both, which is around ~12,500.<br />
this number includes actions both minting new projects and<br />
secondary sales.at this rate, if we bundle new mints and<br />
secondary together for ~12,500 daily actions combined with an<br />
average of ~50,000 daily new mints, that’s still a 4x imbalance<br />
between creators and collectors.to be clear, I am bullish as all<br />
can be on both solana and NFTs. but, I do think something needs<br />
to change in order to regain the momentum we saw in August<br />
and September.<br />
it seems clear that quantity over quality isn’t working as<br />
showcased by the mean and medium prices below.<br />
i.e imagine marketplace X touted 100k daily mints but sold 0. is<br />
that good?continued...<br />
looking at the data, we see on average ~3,500 people join the<br />
solana NFT space. amazing welcome all the new collectors we<br />
are glad to have you.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 27
we still have a long way to go, but some of the most ambitious<br />
and brightest minds are working in both solana and the solana<br />
nft space.<br />
quality is coming back with 1 of 1 artists shining through<br />
platforms like Exchange and Form, but total volume here is still<br />
low.over time we will see cash grabs not get attention, low-quality<br />
projects not sell out, and real artistry priced in accurately as the<br />
market slowly corrects.<br />
all of these systems and tools are here to stay - it’s up to the<br />
market to ensure things move in the best direction.lets keep<br />
supporting artists and using this incredible tech to continue to<br />
move forward<br />
*my tweet threads are a stream of conciseness and are rarely<br />
checked for typos and grammar*<br />
*data was collected from @Hello_Moon___ and @DuneAnalytics*<br />
28<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
_chinedessin
PROBABLY<br />
NOTHING<br />
@joemccann <strong>47</strong>.9K Followers<br />
30<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
PURPLEanalysis<br />
@Purpleanalysis<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 31
the ASTRONAUT<br />
The Astronaut @thexastronaut<br />
32<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
0xKirk
adeniiiz
grapeprotoco<br />
BARNDOG<br />
GAMING SATURDAYS<br />
https://vimeo.com/manage/videos/688791798<br />
METAVERSE<br />
ROADMAP REPORT STAR ATLAS<br />
https://www.youtube.com/watch?v=xRYqredOoR8<br />
36<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
OVER 5Sol & TOP NFT<br />
SolsWatch<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 37
art_by_micro
BBPoison
lowbrownative
itsMcNatt
interview by @alanj___<br />
Q/ We’ve been speaking on an off for a fair while now, but for those<br />
out there that don’t know you, or the projects you’re involved with, tell<br />
us a bit about yourself? Who are Jitta & Jason, what is Yellow Trash<br />
Can, aka YTC, & the Garbage Patch Kids collection, aka GPK, and how<br />
are they all connected?<br />
A/ Yellow Trash Can is an Alt Band & Production Duo made up of Jitta<br />
On The Track and me. We are completely independent as a band, but<br />
Jitt does have a co-publishing deal with Sony where he has produced<br />
for other artists and labels, as well as their own music. Jitt is down<br />
in Woodland Hills in LA and I’m up in Portland, so we mainly talk<br />
over spaces and DM each other throughout the day. YTC as a band<br />
officially started around 2 years ago with our first track recorded in<br />
the Summer of 2020. We’ve both been musicians all our lives and we<br />
just naturally came together. The early days of the Garbage Patch Kids<br />
collection, when the idea formed, was about a year ago and actually<br />
started with the Trash Cans<br />
as the body with different<br />
heads, but we switched to<br />
the Trash Can head as we<br />
felt it would be easier for<br />
collabs. Our goal is to build<br />
in streaming royalties from<br />
our music later in the game<br />
that are attached to the GPK<br />
NFT series. We want to offer<br />
a safe space for 1 of 1 artists,<br />
with 100 original GPKs done<br />
by Jitt and another 300 that<br />
are a collaboration between<br />
Jitt and other artists with the<br />
growth of the NFTs along<br />
with the band. I guess I’m very<br />
42<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
technical minded and<br />
we produced a song for<br />
Blocboy JB called Carlton<br />
which we sampled music<br />
from a Nintendo switch<br />
game and had to get<br />
approval from Universal<br />
to use. Jitt is also an<br />
Animator and Cartoonist<br />
and helped with the cover<br />
art and animation for the<br />
YouTube clip of the song.<br />
He’s also worked with<br />
Def Jam, Warner, RCA,<br />
he’s done videos for Lil<br />
Yachty, Lil Wayne, and 2<br />
Chainz. I do a lot of the<br />
artist management and<br />
also have a full recording<br />
studio called Burn Money Music that we run. The end goal for YTC &<br />
GPK is to sell royalties with additional utilities available like discounted<br />
studio time at Burn Money Music in Portland, and we’re also talking<br />
to studios in LA to offer the same to help expand the space for other<br />
artists in LA and hopefully bring more artists into the NFT space as<br />
well by helping them setting up their own stores, setting up wallets<br />
and basically setting up other people and educate them in the same<br />
space we’re in.<br />
Q/ WOW, a bit to unpack there, that’s awesome! Ok, so onto a bit of<br />
a standard question, but what drew you to Solana for this project<br />
over any of the other ecosystems? I see much more music-based<br />
collections on ETH than SOL at the moment, did you ever consider<br />
ETH?<br />
A/ What drew us to Solana is that we are more free to learn as we go<br />
and let’s be honest, gas prices are far too high on ETH. Solana lets us get<br />
our feet wet and is easier to learn. We’ve got some close friends that<br />
we have watched succeed in this space, like iiiso (aka gh◎$tlord) who<br />
has had the ability to express himself freely and that success has been<br />
an inspiration to us. But ultimately, we chose SOL over ETH and others<br />
like TZS is because 1. Yeah, the gas fees, and 2. Easier to onboarded<br />
for artists and NFT collaborations. We want to help other artists with<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 43
production and give them the freedom to avoid the major labels and<br />
take more ownership over their own work and future. Factoring in fees<br />
for labels, fees for management, fees for talent agencies etc, costs can<br />
get high, but as YTC we help produce, do vocals, mastering, do the art,<br />
help with social media content, as an all-encompassing team and with<br />
gas fees on SOL so much lower, it is easier to get started for any artist<br />
to set up a template and help them get their projects started ASAP.<br />
There are a lot of artists that are sitting on A LOT of music that they<br />
just don’t have the budget to release or market. But there is no barrier<br />
of entry with SOL. It<br />
is more community<br />
driven, and we can<br />
meet more people and<br />
connect more directly.<br />
We probably would’ve<br />
expected to have spent<br />
10-15k on ETH so far<br />
plus marketing, it’s<br />
very different and we<br />
would have been so<br />
limited. I mean we’ve<br />
onboarded around 10 to<br />
15 artists already which<br />
we wouldn’t have been<br />
able to do on ETH based<br />
on the gas fees alone.<br />
The art forward aspect<br />
and the community on<br />
Solana has been very<br />
supportive.<br />
Q/ Now you’ve had some amazing collaborations so far in the series,<br />
the McNatt was one I actually tried to snipe myself, but also gh◎$tlord<br />
which you’ve mentioned earlier and even Art by Micro, how do these<br />
come about?<br />
A/ We’ve done 15 to 17 already with another 20 or so in the pipeline,<br />
but they all started differently. Micro (@art_by_micro) is a member<br />
of Paragon (Paragon Art Agency - @ParagonNft), which we are also<br />
a part of. It’s been great as Sean (Paragon founder – @xVirtualSD)<br />
is a big help and he greatly helps move things and people like iiiso<br />
(@iiiso_wassup), Keez (@keezerfeld), Jason the Photographer (@<br />
wolcottphoto), and a lot of others through Paragon. I actually knew<br />
44<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
Art by Micro through his music much earlier, so that was interesting<br />
to know of him and then meeting him in real life, which I completely<br />
blanked out, but then properly connecting again years later. We used to<br />
have these studio sessions where we would bring in people and Micro<br />
was one who came through. I love his art, especially his Ring series and<br />
the Cut-out series with the typewriter paper, he’s very talented!<br />
Q/ Totally agree, Micro, and all the other artists mentioned, are<br />
incredibly talented, I’m a big fan. So, looking at your roadmap, you’ve<br />
listed a music initiative by the end of Q4, with a hope that it’s done<br />
earlier, can you elaborate on that a bit further on this? Sounds very<br />
ambitious.<br />
A/ So the question is less about when, and more about how because<br />
at the moment there’s not really a thing such as a music NFT. Our goal<br />
is to create an interim solution, involving manual labour, which will<br />
become fully automated in the future. So, say we release a song, that<br />
(the royalties) would get paid out in fiat like USD, then that would be<br />
transferred to SOL and then split up between the owners. But we are<br />
hoping to automate it where it the royalties gets distributed before<br />
it hits the YTC account, this direct payment<br />
system is what we are working on. The hope<br />
is that we can add this utility by Q4 because it<br />
hasn’t been done before, yet. There is Distrokid,<br />
the platform, which is working on paying out<br />
to the artists which then use the platform<br />
(Distrokid) to allocate %s of royalties in real time,<br />
so that when Distro send out these payments it<br />
goes directly to the people listed by the artists.<br />
This will allow companies like Distro to pay out<br />
in cryptocurrency like SOL and not in fiat. But<br />
until then we will be doing a manual process<br />
which just takes trust from the community<br />
although with distribution platforms like Distro,<br />
it is really easy to transfer the code.<br />
Q/ Now, you’re not only doing NFTs and music,<br />
but changing the whole landscape with<br />
custom 1 of 1 merch, clothing, discounts for IRL<br />
studio spaces to rent in Portland and hopefully<br />
LA in the future, and I see you’re even talking<br />
about furniture, how big can GPK & YTC get?<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 45
A/ Well we have a warehouse (around 1,000 square feet) in Portland, in<br />
which we have some embroidery machines so we can make patches<br />
and have sewing machines on site. The year before last we had a<br />
different spot a couple blocks away, but it was a rented space not a<br />
shared space. There were some amazing people, including 1 dude who<br />
made 1 of 1 hand crafted canoes, but there was too much disconnect<br />
and weird energy when Covid hit because all the other people/artists<br />
were so different, that’s when we found this spot. Anyway Rex (@<br />
Wrekitrex) we collab’d with on the 1st pair of YTC pants and he’s been<br />
working on the 2nd pair at the moment. He also makes rugs which<br />
get hand made on site at the warehouse in Portland. There’s a new<br />
jacket he’s working on that is a repurposed Carhartt jacket which has<br />
embroidery of YTC with some fish net textures stitched in underneath.<br />
The 2nd pair of pants, which will be released soon, are black and white,<br />
with all the embroidery, distressing, stitching, and patch work being<br />
done by hand. We’re going to do smaller rug patches which will get<br />
sewn onto the pants that’ll be all soft fuzzy too. It’s nuts, the furniture I<br />
think will blow everyone’s mind. It’s a coffee table of a yellow trash can<br />
with a dog in it. We are looking at some wall pieces of the GPK logo<br />
and potentially even some basketball backboard sets, and there’ll also<br />
be some wall pieces too. Our goal is to grow the YTC brand and expand<br />
into a lot of new artists and different people with the music being the<br />
main backing of the brand that expands. Sort of like the band is a<br />
company with everyone chillin and growing organically together.<br />
Q/ I did a little bit of digging getting ready for this, and something<br />
that piqued my interest very highly was a bit of a cheeky feud you<br />
supposedly started between The Birdman – Tony Hawk and Bam<br />
Bam – Bam Margera. As a DIEHARD skater back in the late 90s and<br />
the whole counterculture back then, how did this even come about?<br />
A/ Tony Hawk played “tambourine” in the band as a joke, but it was<br />
just a cameo, it wasn’t real. Then Jitt cut it and made an amazing edit<br />
for a video which we posted on IG, and then ran it as a joke press<br />
release, but the MSM just ran with it, and no one fact checked. So, we<br />
got Bam to send us a video response as a cameo, that we then sent to<br />
tony hawk, but he’d got a bit upset at that point, although it was just<br />
all cameos which Jitt used to make some sick edits. I mean I just made<br />
a press release, and we had a publicist at the time that was supposed<br />
to go out and secure some press for it, but he got nothing, so I went<br />
out myself and got like 5 spots, so I’m not sure what we were paying<br />
him for at that point. It was all in good fun though.<br />
46<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
Q/ Is there anything else you’d like to add before we wrap up? New<br />
collaborations, new tunes?<br />
A/ We just released a new EP with Myke Bogan (@mykebogan) last<br />
week, its pretty dope, we produced and did some vocals on it too. He’s<br />
based out of Portland as well. We have a bunch of new music coming<br />
out too, not sure what is next, but we have an EP coming up with<br />
Nova, an EP with Mike the True. We got the 2nd set of WrekitRex pants<br />
coming out soon and we’ll be doing a rug soon too, but a physical rug<br />
coming out with GPK logo as a floor mat. So, keep an eye out!<br />
Jason, I know the time zone difference between Queensland &<br />
Oregon is a bit funky, but Thank You very much for your time!<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> <strong>47</strong>
Bitaemm
garbageEggs
oistahu
coherenceNFT
eternalsnft
codytarantino
floragavilan
tekDAO
hz_mord
Naremaru
monsterdefiner2
NoJawJimmy
floragavilan
cavpatrol
twonanagallery
tz1Tq
twonanagallery
yzces
Peter_Cung
Enter the Iguanaverse:<br />
By Cyborg-Iguanas<br />
Cyborg Iguanas are the galactic mercenaries of the IguanaVerse. Born in a post<br />
apocalyptic world amidst chaos and hardened in steel, the Iguanas must scour<br />
the resource scarce galaxies in search for the coveted $CORE. Found in cosmic<br />
space, CORE is the prized currency within the iguanaverse. Each Iguana is<br />
uniquely enhanced and battle tested for any conquest in the galaxy.<br />
$CORE Token Total Supply<br />
Our total supply will be 10,000,000 with 60% dedicated to staking, 20% to LP<br />
incentives, and 20% reserves.<br />
TL;DR:<br />
10000000 Total token supply<br />
60% (6,000,000) dedicated to staking<br />
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<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
20% (2,000,000) dedicated to LP incentives<br />
20% (2,000,000) dedicated to reserves<br />
$CORE Token Total Circulating Supply<br />
The total 10,000,000 $CORE will not be released all at once. Total circulating<br />
supply is the total amount of supply we are releasing per wave. We are planning<br />
to have 4 waves. Each wave consists of ~2,500,000 $CORE with the same<br />
distribution as our total supply.<br />
TL;DR:<br />
Fractions of the total supply will be released as waves<br />
There will be 4 waves in total<br />
Wave 1 will release with 2,500,000 $CORE tokens<br />
60% (1,500,000) dedicated to staking<br />
20% (500,000) dedicated to LP incentives<br />
20% (500,000) dedicated to reserves<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 69
Traits<br />
Traits<br />
We would like to directly provide utility value to traits for each Iguana. With<br />
the release of our Genesis Iguanas, each Iguana will be assigned an experience<br />
level. This experience level directly impacts the amount of $CORE the Iguana is<br />
able to retrieve for the holder. We have the newbies at a base experience at 1x<br />
and scales to veterans at 4x with newbies being the most common trait and<br />
veterans being the most rare trait. Below is a visual representation of the<br />
distribution of rarity tiers and the experience for each tier.<br />
We would like to directly provide utility value to traits for each Iguana. With<br />
the release of our Genesis Iguanas, each Iguana will be assigned an experience<br />
level. This experience level directly impacts the amount of $CORE the Iguana is<br />
able to retrieve for the holder. We have the newbies at a base experience at 1x<br />
and scales to veterans at 4x with newbies being the most common trait and<br />
veterans being the most rare trait. Below is a visual representation of the<br />
distribution of rarity tiers and the experience for each tier.<br />
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<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
TL;DR:<br />
Each Iguana is assigned an experience level as a trait<br />
Rates for experience level range from 1 to 4<br />
The rates in which the Iguana generates $CORE is Experience * Base Rate.<br />
Iguanas will be generating a different amount of $CORE based on their<br />
experience<br />
We believe that this addition<br />
to our ecosystem is vital as it<br />
applies variance to each<br />
Iguana and ensures that<br />
rarity is an important factor<br />
within secondary markets.<br />
Tokenomics Thesis<br />
The total supply of $CORE<br />
will not be released all at once. A common limitation of a capped supply is the<br />
exhaustion of total token supply. This usually comes down to the rate of<br />
rewards. Rewards should not be constant in this system as total token supply<br />
would be exhausted before a runway could be completed.<br />
One solution to this would be to implement an inverse exponential staking<br />
reward where rewards start at a fast rate but taper off towards the end. As seen<br />
below where (Y axis would represent reward rates and X axis would represent<br />
number of days).<br />
This method works but is not<br />
completely flexible as once<br />
rewards are set, it is difficult to<br />
change rates without completely<br />
altering the other mechanics of<br />
the project.<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 71
The solution that we propose is releasing a fraction of our total supply in<br />
waves. By releasing in waves, we can modularize each release, customize all the<br />
values in our system, and won’t need to worry about exhausting our total token<br />
supply. Ultimately we are able to have complete control over all $CORE<br />
emissions and burn mechanics within each wave.<br />
Missions and Radars<br />
For any token to be valuable demand must be present, as such in our system we<br />
introduce missions and radars as incentives for $CORE.<br />
In our system, holders of Genesis Iguanas will be able to embark on missions by<br />
burning $CORE for a chance to get a Baby Iguana egg. There is a base chance<br />
for successful retrieval. Users would also have the option to burn $CORE in<br />
exchange for radars. The radars can either be sold in secondary market places<br />
or burned to increase the chances of a successful mission. After every mission<br />
an Iguana will have a cooldown before they can go on another mission.<br />
With all these factors in hand, we wanted to create a $CORE token sink that is<br />
sustainable but not too difficult that people lose interest.<br />
Wave 1<br />
In wave 1, we will release 2,500,000 tokens with a runway of 90 days. 60% of<br />
which will be dedicated to staking rewards. 20% will go towards the liquidity<br />
pool incentives and the final 20% will be for reserves. The total number of<br />
tokens that will be rewarded through staking will be 1,500,000. Of which we<br />
aim to burn 90% (1,350,000) through missions. This number is how we based<br />
all of the mission costs, item costs, and staking rewards.<br />
Staking<br />
Board your Iguana and take off to cosmic space. Cosmic space is only for the<br />
strong and staking will be exclusively for the Genesis Iguanas. Recall your<br />
Iguanas back to base anytime with no minimum staking duration. The base rate<br />
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<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
for each Iguana before calculating the experience rate is 6.05. Below is how<br />
much an Iguana will generate at each tier.<br />
TL:DR:<br />
Only Genesis Iguanas can be staked<br />
6.05 is the base $CORE rate before calculating the experience<br />
No minimum staking duration<br />
Gen 2 Missions:<br />
1111 Baby Iguana eggs are scattered across the galaxies for Genesis Iguana<br />
holders to find. They hatch into adorable but deadly baby Iguanas. However,<br />
getting them is a rather difficult task. To go on a mission in search of these eggs<br />
135 $CORE must be burned for gas. There will be a base chance of 10% for<br />
successful retrieval and could be increased with the use of items in the Iguana<br />
Armory. Upon successful retrieval of an Iguana egg it will take 30 days to hatch.<br />
Get your eggs while they’re still around. Not all genesis iguana holders will be<br />
able to secure an egg.<br />
TL:DR:<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 73
Get your eggs while they’re still around. Not all genesis iguana holders will be<br />
able to secure an egg.<br />
TL:DR:<br />
1111 eggs are around for Iguanas to find in wave 1<br />
Embark on missions to find an egg, 135 $CORE per mission<br />
10% base chance of finding an egg<br />
Not every Genesis Holder will be able to secure an egg<br />
We decided that 135 $CORE a mission is a fair price for each mission as on<br />
We decided that 135 $CORE a mission is a fair price for each mission as on<br />
average, ~120 days per Iguana to successfully retrieve an egg not including the<br />
average, ~120 days per Iguana to successfully retrieve an egg not including the<br />
use of items. We also enabled the secondary trading of radars, to give the<br />
option to genesis holders to sell for SOL on secondary marketplaces if they do<br />
not wish to participate in the missions.<br />
use of items. We also enabled the secondary trading of radars, to give the<br />
Iguana Armory:<br />
option to genesis holders to sell for SOL on secondary marketplaces if they do<br />
not wish to participate in the missions.<br />
Visit the armory for all of your Iguana needs, here you will find exotic items<br />
from across the galaxies. Radars serve as tools to assist in egg hunting missions.<br />
Each radar can be burned before a mission to give a significant one time boost<br />
Iguana Armory:<br />
Visit the armory for all of your Iguana needs, here you will find exotic items<br />
from across the galaxies. Radars serve as tools to assist in egg hunting missions.<br />
Each radar can be burned before a mission to give a significant one time boost<br />
to the rates for a successful retrieval. Radars will have three tiers each with<br />
varying boosts. Radars will be minted using $CORE with varying $CORE costs<br />
based on tier. Radars will also be listed on secondary marketplaces for users to<br />
buy and sell. Below is an infographic of the costs and boosts of each radar tier.<br />
TL:DR:<br />
74<br />
Unlimited amount of radars for purchase<br />
Radars provide different percentage boosts<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
uy and sell. Below is an infographic of the costs and boosts of each radar tier.<br />
TL:DR:<br />
Unlimited amount of radars for purchase<br />
Radars provide different percentage boosts<br />
3 Tiers of radars boosts (10%, 20%, 40%)<br />
Every radar can be listed on marketplace for users to buy/sell<br />
<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong> 75<br />
The cost of items is based on a simple utility per % metric. We take the cost of a
The cost of items is based on a simple utility per % metric. We take the cost of a<br />
mission and divide that number by the base chance to come up with a $CORE<br />
cost per % increase in success rate. Using that number we multiply the<br />
percentage boost and arrive at the item costs we have now.<br />
Final Thoughts<br />
The Cyborg Iguana team would like everyone to know that we have been<br />
working our hardest for the past few months to ensure that we create and<br />
deliver a quality project that meets everyone’s expectations. We truly<br />
appreciate every single one who has been part of our journey so far. This is only<br />
the beginning and we have so much more planned for the future we cannot wait<br />
to announce. Strap in and take off to cosmic space.<br />
Project Info<br />
The mint will be happening on February 27th, 2022, at 1.5 SOL each, on our<br />
official website https://www.cyborgiguanas.com/. The release will be split into<br />
two phases, presale for OGs /WL and public sale for everyone else. More info<br />
will be announced in our Discord.<br />
Website: https://www.cyborgiguanas.com/<br />
Twitter: https://twitter.com/CyborgIguanas<br />
Discord: https://discord.com/invite/cyborgiguanas<br />
https://medium.com/@cyborgiguanas/enter-the-iguanaverse-74a35a0fb638<br />
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<strong>SHILL</strong> <strong>Issue</strong> #<strong>47</strong>
2kdaman
tuhanzilla
Debycloud101
xxalfsyr