SHILL Issue 80

· Reached an FP in the high 14 SOL range, nearly
breaking 15 SOL around late May
You can also “Adopt” a Nestor for those looking for
more cost-effective methods while testing the platform.
For a portion of the price it takes to acquire a
Nestor, a user can adopt a Nestor for a pre-determined
duration.
Once you pay the adoption fee
· A Nestor is temporarily deposited into your wallet
· Once in that wallet, he cannot be transferred to
another wallet
· You must use that wallet to connect and trade with
· Nestor cannot be placed for sale during this adoption
period
This method mainly benefits those looking to become
more familiar with Scalp Empire and to experience its
platform before deciding to purchase a Nestor outright.
Although the fee to rent a Nestor is significantly lower
than the overall FP, the user should not plan on renting
a Nestor for long durations as it would be more advantageous
to purchase it outright. This is because over
a month’s time, for instance, the adoption fees would
surpass the total cost of a Nestor.
The newly established team kept things moving, and
next:
· Moved away from using the back-end API to grab
information directly from Magic Eden (ME) and instead
pivoted to grabbing information straight from the onchain
data itself.
· Disabled the mint bots, which turned out to be a
good thing as many projects didn’t want to do business
with them due to the stigma of a project having a Mint
bot.
This move came also turned out to be a double positive
as Metaplex had changed their contract making
it less advantageous for mint bots. (If the transaction
failed due to too many attempts, the trader would be
charged even if the trade wasn’t placed — cost traders
money with no results)
Team Expansion
In May of 2022, Kinb3r’s wife “Bibise” — perhaps the
most supportive wife ever — joined the trio to help
assist with documentation creation/review and social
media support (Twitter and Discord).
As the community grew, so did the questions and need
for support, so this was truly a “healthy” sign that the
team and company were headed in the right direction.
A New Focus
A transformation was in process ever since the new
team took over. They, slowly but surely, were evolving
into a true trader’s platform. They honed their focus
on improving and streamlining data and tools so that
traders would be able to capitalize on each trade.
The team shared the vision of scaling (adding features)
while maintaining platform integrity (not jeopardizing
security and/or speed.)
They Soon:
· Listed on https://www.yawww.io/
· Listed on https://solanart.io/
They made these strategic moves to help gain momentum
at such a “renewed” early stage.
Months passed as they continued investing their money,
energy, and nearly every waking hour into Scalp
Empire.
But traction was being made, and the proof was in
their:
· Announcement of their first collaboration with
“Trading Apes Gang”
· Begin implementing notifications into their platform
· Continually worked on increasing the sniping
performance of their tools
· Broadened their customer base by offering a
subscription-based model — however, these
customers have restricted access to the full features
offered on the platform.
Not Out of the Weeds “Yet”
While things were headed in the right direction for
Scalp Empire, they were by no means clear of turbulence.
In fact, the company itself was rugged twice during this
growth period! The first rug was not as bad, a learning
lesson indeed, yet one that was a “minor” blow.
Unfortunately, the second rug wiped them completely
out. Their company wallet was imported into Slope
Finance, which in early August of 2022, endured a
multi-day, multi-million-dollar exploit. It is estimated
that over $4 Million in funds were stolen from over
9,231 Solana wallets — sadly, Scalp Empires’ entire
funds were one of those compromised wallets.
At this point, the company was completely drained of
funds, and if weren’t for one move, then this would be
an entirely different story. Thankfully, they had paid
their infrastructure invoice right before their wallet got
drained.
The true meaning of building from the ground up
(again).
Platform Features
Security
First and foremost, Scalp Empire is a big advocate of
security and protecting your assets — and their “Main
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SHILL Issue #80