SHILL Issue 155

SOLANA NFT/DEFI/X ECOSYSTEM

Editor 

Dam Charity 

Diversify 

Launch a Meme 

Optimistic 

ExchgART NFTs 

Dev Talk 

Passive 

Airdrops 

McDegens 

Solana Classic 

Staking 

The Bakery 

Mallow NFTs 

UpRock 

Your NFT 

Solarplex NFT

aminhayeri

Unlocking the World of Solana: Insights from #SHILLzine Issue 155 

Greetings, Solana fam, and welcome to #SHILLzine Issue 155 – your gateway to the latest in Solana 

goodness! This issue is extra special as it's entirely FREE, complete with a TipLink NFT mint to add 

to your collection. 

With a whopping 132 pages awaiting your exploration, this edition is jam-packed with insights, 

NFTs, and Solana wisdom you might have missed in the past week. As the first issue for April 

2024, we're thrilled to present a lineup of articles that demand your attention. 

Ever dreamed of creating your own meme coin? We've got you covered with not one, but 

two articles guiding you through the process step-by-step. Whether you're a seasoned crypto 

enthusiast or a newcomer, these platforms will empower you to become a burgeoning mogul in 

the meme coin space. 

For those unfamiliar with DAMzine's past DAMCharity issue, fear not – we've included a snippet to 

showcase the incredible work of Lowbrow and CultureHacker in the Solana art scene. Dive deeper 

by clicking the link to the full DAMCharity issue and prepare to be inspired. 

Looking to diversify your portfolio or maximize your yield through Solana airdrops and staking? 

Our concise articles offer practical advice to help you fine-tune your investment strategy and 

achieve clarity in your portfolio setup. Plus, discover the secrets of passive income farming – start 

small and watch your earnings grow! 

In exciting news, LeDAO has undergone a rebranding, now known as "The Bakery" complete with 

a croissant flair. Our brief article brings you up to speed on the DAO's plans and future direction, 

offering insight into their exciting journey ahead. 

Considering launching your own NFT project? Our comprehensive guide provides valuable 

insights and considerations to ponder before diving into the world of large-scale NFT ventures. 

Take your time to absorb this knowledge and plan your project meticulously for success. 

But that's not all – we've curated over 80 NFTs from platforms like Mallow, ExchangeArt, Solarplex, 

and the newest addition, ArtplexIO. With such a diverse array of NFTs, #SHILLzine Issue 155 is a 

treasure trove you'll want to revisit time and time again. 

After 2.5 years of publishing #SHILLzine, the wealth of Solana content continues to amaze us. 

Weekly updates on all things Solana? We've got you covered. Our team sifts through the noise 

to deliver the essential bits you need to see, making your journey into the Solana ecosystem 

seamless and enjoyable. 

Don't forget to claim your TipLink NFT – it's the ape over there, waiting for you to grab it and add it 

to your collection. 

#SHILLzine Issue 155 is your passport to the vibrant world of Solana. Dive in, explore, and immerse 

yourself in the boundless opportunities that await you. 

Happy reading, and may your Solana journey be filled with success and prosperity! 

Pixeltoy

SUPPORTER BONUS 

TIPLINK MINT

dorsia The Geckz 

Degen Hawks

DAMcharity returns in partnership with Collector and The Giving Block in honor of Impact 

Index Fund: Mental Health, which evenly distributes to the following mental health-focused 

organizations. 

Proceeds of this curation will be donated directly via the Solana network. 

For more information, visit: https://collector.sh/DAM/DAMcharity 

Seeing Beyond this Moment 

by culturehacker 

a glitch portrait by culturehacker for DAM issue #21 #DAMcharity 

8 SHILL Issue #154

Veils & Reflections 

by Anonyra 

Inner, Outer Perception of Reality Vice versa knows The Dance of Brighter Lights And Darker 

Shadows Imagined by Anonyra For DAMCharity | The Giving Block

Protect Me From The Storm 

by transitorymask 

Digital illustration. 2024. Made as part of #DAMcharity, supporting mental health through decentralized 

donations. If you become overwhelmed by the chaos, it’s okay to accept to help from 

others.

Door Within a Door 

by misterpatient 

“Door Within a Door” Secrets lie hidden In the castle on the hill —Door within a door Camera: 

Canonet QL17 Film: Kodak TMax 400 Photo taken in Fall/Winter 2023 Haiku & photo by misterpatient 

(Stephen Truex)

The Garden Of Tranquility 

by Abstract Queen 

“Discovering inner peace and tranquility is a lifelong journey.” ~ Unknown Created for DAM Charity 

2024 (Feb 2nd to 5th) Original 1/1 Digital Abstract Work created using Procreate Dimensions: 

11000px*11000px, 1200 dpi, JPEG No AI has been used in this Digital Abstract Work Created in 

January 2024

Peace of Mind 

by xoo chi 

“Peace of Mind” amplifies a mental and emotional equilibrium. Is like having a cozy mental blanket, 

a warm hug for the soul. It’s that feeling when your mind takes a deep breath and says, “Hey, 

everything’s okay.” This sweet spot where worries fade away, and you find inner calm, a quiet and 

happy space within yourself. It’s about feeling content and safe, like finding a harmonious oasis 

amidst life’s hustle. Whether it’s through meditation, a walk in nature, or simply embracing joy 

along your path, “Peace of Mind” is that heartwarming friend who whispers in your ear, “You’re 

doing great, everything will work out better than you expect. Trust in yourself” 35mm color film 

photography Canon AE1P & Vialy Slide 100 (x-process) For DAMzine Issue 21 #DAMcharity in collaboration 

with Collector. February 2023 @xoo_chi

Above & Under 

by sakehqueen 

“Above & Under” is a metaphorical piece created for a special #DAM Charity Issue where all proceeds 

go to an index of mental health non profits via the Giving Block. Above represents, enjoying 

the beautiful life which is in front of us and easily to reach out whenever we want. Under represents, 

the avoidance of all what above represents. Mixed Media Photography + Digital Painting 

2159x3840px png

Original feelings 

by zuluink 

It doesn’t matter what colors surround you - what matters is what colors you from the inside out

Shogun Saski 

4 Coins for Your Portfolio 

Altcoins that are highly sought after and boast significant potential this season. 

Moreover, they could be considered for inclusion in a long-term portfolio, as experts suggest 

the likelihood of experiencing growth and unlocking further bonuses for their holders. 

So, let’s dive right into them; 

Solana (SOL) 

Launched in 2020, Solana is a functional open-source blockchain with a focus on decentralized 

finance solutions. By combining its innovative proof-of-history (PoH) consensus mechanism 

with proof-of-stake (PoS), it tackles scalability challenges, making itself attractive to 

both retail and institutional investors. 

Strong fundamentals have fueled Solana’s recent surge in popularity, attracting a significant 

number of users. This popularity has been further boosted by the launch of trending 

meme coins within the Solana ecosystem, including the recent dragon-themed Smog coin 

that has seen a price increase. 

This follows the success of earlier meme coins like BONK, WIF, and MYRO. Solana’s SOL token 

has also seen remarkable growth over the past year, exceeding 700%. Many believe this 

surge is far from over, with analysts predicting Solana could reach $250 by the beginning of 

the altcoin season and If the hype persists, the token’s price could soar even higher. 

Solana 1yr price chart 

Aptos (APT) 

Built for mass adoption, Aptos is a Layer 1 proof-of-stake blockchain designed to empower a 

new wave of user-friendly web3 applications (DApps) that tackle real-world problems. 

At its core lies Move, a cutting-edge smart contract language based on Rust, enabling the 

network to theoretically handle over 150,000 transactions per second through parallel execution. 

This high speed makes Aptos ideal for building real-world applications on Web3, the decentralized 

future of the internet. Strong financial backing from leading venture capitalists 

underscores Aptos’s potential to revolutionise Web3 development. 


Aptos 1yr Price chart 

While Aptos’s token price remained relatively 

flat throughout the past year, it’s important 

to note that investor accumulation and blockchain 

development continued actively. This 

dedication during a challenging market positions 

Aptos as a strong contender in the crypto 

world. 

Aptos offers a particularly fertile ground for 

launching DeFi projects, with a thriving ecosystem 

actively building them. Experts believe the token is still in 

its accumulation phase, but with the approach of the alt 

season, it’s expected to see significant growth, potentially 

reaching new all-time highs. 

Cosmos (ATOM) 

Cosmos tackles key challenges in blockchain 

technology. It aims to replace slow, expensive, 

and environmentally unfriendly proof-of-work 

systems with a network of interconnected 

blockchains. This “internet of blockchains” 

enables faster transactions, lower costs, and a 

more sustainable approach. 

Cosmos also simplifies blockchain development 

through a modular framework, making it 

easier for developers to build decentralized applications 

(DApps). Additionally, its interblockchain 

communication protocol allows different 

blockchains to communicate seamlessly, preventing 

industry fragmentation. 

This collaborative environment fosters innovation 

and the broader adoption of blockchain 

technology. 

The project’s roots trace back to 2014, with the 

founding of Tendermint, a core component of 

the network. A white paper detailing Cosmos 

was published in 2016, followed by a token sale 

in 2017. ATOM tokens, secured through a hybrid 

proof-of-stake system, power the Cosmos Hub 

and play a role in its governance. 

While ATOM has experienced a flat trend in 

price this year, it’s important to consider the 

broader picture. Even during bear markets, 

investors haven’t let the token drop significantly. 

Currently, the token price remains within an 

attractive range for long-term investment. 

Given the Cosmos ecosystem’s constant scaling 

and its ability to attract major blockchains, acquiring 

ATOM for the long term could provide 

holders with significant profits at the current 

price of $11.77. 

Cosmos’s focus on scalability, developer friendliness, 

and interoperability positions it as a 

strong contender for future growth within the 

blockchain industry. 

Injective (INJ) 

Injective is a high-performance blockchain 

specifically designed for decentralized finance 

(DeFi) applications. It empowers developers 

with the tools to create various DeFi products, 

including exchanges, prediction markets, and 

lending protocols. 

This focus on DeFi positions Injective as a key 

player in a rapidly growing trend: the transition 

of derivatives and futures trading to decentralized 

exchange (DEX) platforms. Injective offers 

several advantages that make it well-suited for 

this evolving landscape. 

It boasts fast transactions, seamless compatibility 

with other blockchains like Ethereum and 

Solana, and robust security features that resist 

manipulation and ensure secure trading. 

Injective 1 yr price chart 

Additionally, the Injective protocol has pioneered 

commission-free trading technology, 

implemented liquidity enhancement features, 

and significantly bolstered the security of trading 

operations over the past year. 

These advancements have already translated 

into impressive growth for Injective’s native token, 

INJ, with returns exceeding 10x even before 

the recent surge in DEX popularity. 

As the DEX trading sector continues to flourish, 

Injective’s innovative solutions and strong foundation 

are likely to attract further investment, 

potentially leading to significant future price 

growth for the INJ token.

Smithii_io 

Easily Launch a Solana Memecoin 

It is Solana Memecoin Season, and you could be one of those people who creates a memecoin 

and reaches an Amazing Marketcap. 

You may think that launching a token on Solana is difficult, but it’s not at all. In this mail, I’ll 

explain how to launch a Memecoin with just 1.5 SOL. 

Let’s go directly to the process. 

WHAT WILL I NEED TO LAUNCH A SOLANA TOKEN? 

We will show you the easiest way to create an SPL Token. To complete the entire process, you will need 

from 1.5 SOL to 5 SOL, we are considering the token creation itself, the authorities revoke, 

OpenBook Market and Liquidity Pool creation. We also need to take into account the costs of 

design, marketing, and liquidity. 

For sure, if we are launching a memecoin, “professional preparation” and high costs are not necessary, 

the most important thing is to have a good meme. If you want to create a serious 

project, it is key to prepare a good marketing strategy, with collabs, airdrops, partnerships, etc. 

We recommend avoiding launching until you have the basics prepared: Branding, Marketing Plans, 

Social Media and Tokenomics. 

We need to understand what drives the market and which platforms are the most used. 

Regarding marketing, most tokens with good performance usually use “influencer” promotions and are “shilled” 

on DAOs. 

About platforms: people usually use Raydium, Birdeye, Jupiter Aggregator and Dexscreener to 

trade tokens. 

LAUNCH SOLANA TOKEN STEP-BY-STEP 

In this tutorial, we will use Smithii No-Code Tools to create and launch our token. Let’s divide the 

process into 3 steps: Create SPL Token, Create Liquidity Pool on Solana and List an SPL Token. 


How to Create an SPL Token? 

To create our SPL Token we should go to this Tool that Creates the Solana Token for us without coding, Solana 

Token Creator (https://tools.smithii.io/token-creator/solana), there we can also create a Tax Token (Token 

2022), but for this guide, we will create a standard one. 

Once we are in Solana Token Creator, we should follow these steps: 

1. Connect your wallet in order to use the tool 

2. Set your Token Name 

3. Set the “Ticker” or “Symbol” of your SPL Token 

4. Select the Token Decimals (6 decimals is the most common) 

5. Write your token Description 

6. Upload your token Image (PNG or GIF) 

7. Set the Supply 

8. Add links to your token metadata (optional) 

9. Select the authorities you want to revoke (optional) 

10. Click on “Create Token” and accept the transaction 

“Immutable”, “Revoke Freeze” and “Revoke Mint” refers to authorities. Let’s explain what they mean 

and if we should use these options. 

Solana Token’s Authorities 

On Solana’s blockchain, a Token has 3 Different Authorities: Update Authority, Freeze Authority, and 

Mint Authority. 

• Update Authority allows you to update the token metadata. When we revoke it, we make the 

token “immutable”. 

• Freeze Authority allows you to Freeze the Token in the holder’s wallet. You can’t create a Liquidity 

Pool if you don’t revoke freeze authority. 

• Mint Authority allows you to mint more supply of the token you created. 

It’s important for us as founders to revoke these authorities in order to ensure that people feel confident 

and secure while investing in our token. We can revoke them all on Smithii Tools.

CREATE LIQUIDITY POOL 

Once we have our token ready, we can go directly to create a liquidity pool. On Solana, we first need to 

create an OpenBook Market and then add the liquidity, but we can do it all in one step with the 

Smithii “Create Liquidity Pool” Tool. 

This tool allows us to create our liquidity pool on Raydium with a friendly user interface and from just 1 SOL (up to 3.5 SOL 

based on the settings you use). 

Create Liquidity Pool Solana 

1. Go to Create Liquidity Pool (https://tools.smithii.io/liquidity-pool/solana) and connect your 

wallet to use the tool. 

2. Select the “Base Token,” which you created but has no value on the market yet. 

3. Select the “Quote Token”. A token with value on the Market. Usually SOL or USDC. 

4. Set the “Minimum Order Size”. This is the minimum token quantity that users will be able to 

buy. 

5. Set the “Tick Size”. It means the minimum quantity that the price of your token can change. 

You can use this chart as a reference for Min order size and Tick size.

6. Set the advanced options (only if you want to use a cheap Market ID, from 0.4 SOL). 

* These are the “inputs” you should use for the different Market IDs based on the cost. 

0.4 SOL: 

Event Queue Length: 128 

Request Queue Length: 63 

Orderbook Length: 201 

1.5 SOL: 




2.8 SOL: 




Take into account that the bigger the market is, the more transactions it can process. We explain 

below how it works. 

7. Set the number of tokens and SOL/USDC you want to add. 

8. Set launch date (optional) 

9. Click on “Create Liquidity Pool” and accept the 3 transactions. 

It will take a bit to complete, and then you will see the Market ID and the Liquidity Pool Address. Save them, as you may 

need the addresses for future uses. 

You can also make the liquidity pool creation process as usual by following the next 2 steps: 

Create an OpenBook Market 

The common price for creating an OpenBook Market is around 2.8 SOL. That’s the “optimal” length for the 

market based on the protocols. But we can also modify its setup and make it cheaper. 

If you are working on a project that is intended to have a serious impact, you should use the standard market. However, if 

you are planning to launch memecoins, you can create an OpenBook Market with just 0.4 SOL. Please note 

that some transactions may fail, but this is only likely to occur if there is a high volume of transactions. 

In this post, we will show you 3 options for your market ID: 0.4 SOL, 1.5 SOL, and 2.8 SOL.

To create our OpenBook Market, we are going to use another Smithii Tool to Create an OpenBook 

Market (https://tools.smithii.io/openbook-market/solana). To complete the process successfully, follow 

these steps: 

1. Connect your wallet in order to use the tool. 

2. Select the “Base Token”. The token you created and doesn’t have a value yet. 

3. Select the “Quote Token”. A token with value on the Market. Usually SOL or USDC. 

4. Set the “Minimum Order Size”. It means the minimum token quantity that users will be able to 

buy. 

5. Set the “Price Tick”. It means the minimum quantity that the price of your token can change. 

6. Set the advanced options (only if you don’t want to use the recommended values for a market 

with a cost of 2.8 SOL) 

These are the “inputs” you should use for the different Market IDs based on the cost. 

0.4 SOL: 




1.5 SOL: 




2.8 SOL: 




You can also use other lengths aswell, but we consider these ones are standard. 

Once you fill in all the inputs you should click on “Create Market” button and accept the transaction. 

You will see the Market ID, remember to copy and keep it. You will need the ID for the next step.

Add Liquidity on Raydium 

Once we have our OpenBook Market, we can add the liquidity on the DEX of our choosing. In this 

case, we will use Raydium as it’s the most used. The cost of adding liquidity on Raydium is around 

0.45 SOL. 

For adding liquidity: we will go to “Liquidity Create” (https://raydium.io/liquidity/create/). 

On this page, we need to paste the Market ID and click on continue. 

Then, we will be able to set the initial price and the liquidity quantity we want to add. To finish the 

process, we can set the launch date (optional) and click on confirm. 

Remember to prepare your tokenomics and strategy before initiating this step. 

LISTING A SOLANA TOKEN ON PLATFORMS 

We all want to increase the visibility of our Solana Token, and listing it on different platforms can make it more 

accessible to users while also promoting our project. 

Let’s introduce how we can list our token on Birdeye, Dexscreener, Jupiter, Coingecko, and Coinmarketcap. 

BIRDEYE AND DEXSCREENER 

Both of them are trading platforms with thousands of users. Our token will be automatically listed on them after 

creating the liquidity pool, so we don’t need to do anything else. 

We can pay to add our social media to our token profile and also to trend on the platform. 

JUPITER AGGREGATOR 

Jupiter is the largest Solana’s platform for token trading. We can always swap our token on Jupiter, but we won’t 

be “verified” until we are accepted. 

We can make an application via GitHub following this guide: How to list a solana token on Jupiter. 

COINGECKO AND COINMARKETCAP 

They are popularly known, and being listed on them is free exposure. In order to be on their platform, we will 

need to fill out an application. 

Coinmarketcap application: https://support.coinmarketcap.com/hc/en-us/requests/new 

Coingecko 

application: https://docs.google.com/forms/d/e/1FAIpQLSfpIPMsCvVokn7l6OpjJmJoYRxvpArYpO4rvcps-0XQx- 

LQ7DQ/viewform 

Creating a token on Solana could be a challenge if we don’t have coding and marketing knowledge, by following 

this tutorial you will only need to take care of the marketing part!

nx

tavwp

Hooosney

edictzone

edictzone

edictzone

MarVin

Babbage86

KamalHasan

DaveT

HIPOCREATE

HIPOCREATE

LizArt

LizArt

AnahizNFT

titimatra

titimatra

FranklinNFTs

FranklinNFTs

Khosravi Pantea

7foxylady

Hypnopompic

Hypnopompic

jackthestreet

davidloh

davidloh

DaneliArtist

DaneliArtist

dreamkidstudios

xandovisky

Lbank

Mike Hale 

Colosseum Accelerator Mentors 

Up to 10 of the teams that win the Renaissance 

Hackathon will be accepted into the 

Colosseum Accelerator and receive $250k in funding, 

one-to-one support from Colosseum, and guidance 

from the mentors: 

• @aeyakovenko & @rajgokal of Solana 

Labs 

• @armaniferrante & @yver__ of Backpack 

• @kashdhanda & @akshaybd of Superteam 

• @buffalu__ of Jito 

• @0xMert_ of Helius 

• @cindyleowtt of Drift 

• @vibhu of DRiP 

• @BChillman of Phantom 

• @SimkinStepan of Squads 

• @y2kappa of Kamino 

• @edgarpavlovsky of MarginFi 

• @0xrwu of Tensor 

• @PhilHedayatnia of Airfoil 

• @0xdirichlet of Sphere 

• @therealchaseeb of Solana Foundation 

• @_RossCohen of Solana Labs 

• @jarxiao of Ellipsis Labs 

• @ArbVision of Tiplink 

And don’t forget that The Solana Renaissance 

Hackathon submission portal is now 

open. The deadline to submit a project is 11:59pm PST 

on April 8, 2024, but you can edit your submission info 

up until the deadline. 

Good luck to everyone submitting a project! 

Ackee School of Solana Season 5 

Ackee Blockchain Security has announced 

the School of Solana Season 5, starting April 

10. 

This 9-week, fully online and free program, is 

designed for developers looking to enhance 

their expertise in blockchain technology, 

specifically Rust within the Solana ecosystem. 

While open to all, this program requires 

applicants to have a basic understanding 

of programming. Season 5 promises an 

in-depth curriculum covering Solana and 

blockchain basics, Rust programming, Solana 

programming, culminating in a certification. 

The course modules include: 

• Introduction to Solana and Blockchain 

• Introduction to Rust 

• Solana programming model I & II 

• Best development practices and debugging 

• Front-end for Solana Programs 

• Security 

• Final Lecture & Graduation 

• Bonus: SPL Tokens 

• Bonus: Gaming 

• Bonus: Token Extensions 

With over 1300 applicants last season, early 

application is encouraged to secure a place 

in this prestigious program and applications 

close on April 7. 

I was a part of the Ackee Winter School of 

Solana 2023 cohort and I highly recommend taking 

part in this program! 

Join School of Solana Season 5 

The Agave Client Runtime 

The core element of Solana is its “Sealevel” 

SVM runtime, which manages transaction 

processing and updates to the Solana ledger. 

Its job is to execute Solana programs 


and concurrently manage state. 

Written by Anza engineer Joe Caulfield (@ 

realbuffalojoe), this is an in-depth exploration 

of the new Agave client codebase, and explains 

the underlying mechanisms of how Solana executes 

transactions. 

The Agave Runtime 

Developer News 

Solana Mega Report: Like Apple, but Unlike 

Apple 

Blockchain research company Four Pillars has 

published an in-depth report on Solana, examining 

it from various angles including its architecture 

and ecosystem of products. According 

to the report, Solana stands out for its efforts to 

make blockchain technology more accessible, 

focusing on areas such as DePIN, mobile technology, 

gaming, and payment solutions. 

Breakpoint Tickets On Sale 

Tickets for Solana Breakpoint 2024, to be held 

in Singapore on September 20-21, 2024, are 

now available for purchase. Attendees can 

anticipate a lineup of leading speakers (TBA) 

and an opportunity to engage with the Solana 

community. General Admission tickets for 

$500, with discounts for developers, artists, and 

students. 

Helius Automatic Private Nodes 

Helius has announced the launch of Automatic 

Private Nodes, streamlining the process of 

setting up dedicated RPC or Geyser nodes. This 

allows users to easily select machine specifications, 

region, and plugins through the Helius 

platform. 

Tools & Resources 

mpl-core-candy-machine is A version of Candy 

Machine integrated with Core, which is now live to test on 

Devnet. 

Buddy.Link SDK enables the integration of referral and 

reward systems into your applications without the need 

for custom development. It allows users to create and 

distribute referral links easily with referral tracking in the 

background or on dedicated referral pages. 

Dynamic Routing is a new feature on Ironforge 

that gives developers the ability to set up routing 

rules that are specific to the RPC Method 

being used. Developers might select a sequential 

routing strategy for most endpoints but use 

a Parallel routing strategy for sendTransaction, 

which can benefit from simultaneous processing 

across multiple nodes. 

Quick Hits 

How to troubleshoot a new Anchor program - @ 

mikemaccana 

Tips to improve your transaction land rate with 

web3.js - @jordaaash 

The 76 Devs Show-n-Tell: Solana Godot Game 

Dev SDK - YouTube 

The Solana Ecosystem call now has its own 

website - @SuperteamDAO 

bitsCrunch now provides in-depth analytics 

to projects within the Solana Ecosystem - 

bitsCrunch 

MetaBlox’s Roam Network Migrates to Solana - 

@metablox 

Solana Crossroads Content Sprint with up to 

$7000 in prizes - Solana Collective 

How to Make a Great Hackathon Demo Video - 

Doc 

Cubik Grants Round 1 contributors gave twice 

the size of the matching pool - @IrffanAsiff 

7 top State of the Ecosystem articles and 

reports - @yashhsm 

Listen to This 

Solfate 

In this conversation, Nick and Matty discuss 

the Solana Global Hackathons and the launch 

of Colosseum. Matty shares his background in 

crypto and how he got involved with the Solana 

ecosystem, starting at Solana Labs and then to 

Solana Foundation. 

They explore the unique structure of the Solana 

Global Hackathons, which focus on driving 

long-term sustainable startups in the ecosystem. 

Matty explains the decision to leave the 

Solana Foundation and start Colosseum as an 

independent organization to build a product 

specifically catered to running hackathons. 

Nick and Matty discuss the Colosseum accelerator 

program and venture fund, which invests 

in the top teams from the hackathons. Matty 

covers the terms and requirements for Colosseum 

funding, including the 7% equity stake and 

the remote nature of the accelerator program. 

They also highlight the value of the network 

and mentors provided by Colosseum. Matty 

explains the importance of having a strong idea 

and a well-structured pitch to win a Colosseum 

hackathon. He also shares tips for creating a 

compelling submission video. 

Finally, they discuss their excitement for projects 

that utilize token extensions and open new 

markets in the ecosystem. 

Scaling the Solana Hackathons (w/ Matty, 

co-founder of Colosseum)

@0xGumshoe 

$500, the bare minimum price of SOL by the end of this cycle Here’s why & how: 

Thought Process 

Solana should end this cycle with hundreds of billions of FDV or else the market is wrong Its 

metrics, activity, growth, adoption and narratives all support this assumption. 

Simple Maths 

The thesis is simple: SOL should go at least towards ETH’s Bull Market Breakout price: ETH’s 

Bear Market Low: $131B ETH Bull Market Breakout: $227B Let’s go onto Price Targets: 


Bear Case 

The bear case for me is SOL reaching ETH’s Bear Market Low on the cycle top. This means that 

SOL would go to $296 per token. 

Medium / Optimistic Case 

It’s reasonable for SOL to hit the market cap of ETH when it had its bear market breakout. This 

means that SOL would go to $513 per token. 

Bull Case 

Ethereum’s bull market support and breakout price is around $2.5K or around $300B Market Cap 

This means that SOL would go to $679 per token 

SOLETH 

SOL has severely outperformed ETH and is on its way to 0.1 Assuming ETH pumps 100%, at a 0.1 

ratio SOL would be at ~$600

Why compared Mkt caps? 

Because SOL is several times better than ETH while being 1/4 of its market cap There is no better 

L1 than Solana in any way so far tech-wise and adoption 

Thoughts 

Odds of Solana reaching ranging (+-$100) on the Medium case price target are quite high, obviously 

assuming this bull market isn’t over and still has a lot of steam. IMO Medium Case has 65% 

odds, 10% for Bear and 25% for Bull.

wkryptojimi 

I made $605 passive income on Solana this week! How? 

@Solcasinoio $215 

@pioneerlegendio $211 

@Tillarys_NFT $71 

@MarinadeFinance $49 

@AlphaPharaohs $40 

@microsharesNFT $13 

@hadeswap $6 


I enjoy analysing investments, assessing risks, and managing a diversified passive income portfolio. My goal: $1,000/ 

week. Current average (10-week MA): $529/week. This is information - not financial advice or any recommendation. Do 

your own research! 

Gems of the Week: The @Solcasinoio team recently announced increased staking requirements (90k $SCS 120k 

$SCS), as they emphasise their focus on $SCS price appreciation. Season 2 has been announced - 1st May 2024. 

@Legacyzzzzz announced a modified payout structure, creating a lot of commotion in @pioneerlegendio resulting in 

FPs dropping. In USD terms, I do not expect a change in ROI; though those who were investing based on the previous 

payout structure (5-15% $SOL) found their expectations out of sync. I’ve been a little busy lately and slept on a few of 

my @Tillarys_NFT actions this week; but the income is still juicy as ever! As @AlphaPharaohs wind-down the Liquidity 

Pharaohs collection, they’re still distributing token airdrops received to holders. This week I received a share of the 

$BANX airdrop. Next week, I’m expecting a distribution from the liquidation process.

Weekly Review: 

Market sentiment has been positive lately. I’m hoping this trend can continue. Memecoins continue to dominate as NFTs 

continue to spiral. 

With $SOL reclaiming $195, the portfolio value has reached an ATH . We also hit an ATH for the 10-week moving average 

income, currently sitting at $529/week. Much of this is due to the uptick in @Solcasinoio revshare, so I will need to 

make some moves if I want to keep this up long-term. 

Cash balances are sitting at 47 $SOL. I’ve staked 20 $SOL with @jito_sol; and I’m considering scooping up a @Solcasinoio 

NFT if the opportunity presents itself.

Risk Management: 

Identifying & managing risks are critical to any passive income portfolio. It’s important to apply proper risk management 

practices. 

Scale slowly and be patient. Take the time to research. Avoid FOMO and plan for a good entry by responding to volatility. 

Consider staking as it provides intangible benefits - building stability and flexibility into your portfolio. In the long-run, 

$SOL will outperform many NFTs. 

Cutting losses, as painful as it is, is part of the game. Yesterday, I sold off 5 out of my 11 

@pioneerlegendio NFTs. I’m still a strong supporter of their RWA-based revshare, but this week’s events caused me to 

revise my risk assessment; so, I decided to reduce my exposure. 

@ShutterBotsClub recently announced that their revshare will be paused for the next 3-6 months, as @LucianPotlog 

handles some personal matters. I mention this because it’s important to highlight the various situations and risks that 

can affect your portfolio, particularly relating to passive income NFTs.

degenpoet

arcmikkelsen

killerhugsprod

killerhugsprod

kirkenglehardt

silviaanan

lil2noisy

pixelart

terrybain

McSwap 1.4 (beta) was just pushed live! 

Now supports SPL Tokens and both cNFT & NFT trades. 

When you need trustless, private, p2p asset trades, you McSwap. 


Use ours, or host and brand your own. https://mcswap.xyz #Trustless #NFT #CNFT $SOL #Solana By 

@McDegensDAO

@jussy_world 

Weekly update on Solana Airdrops. 

Parcl, Grass, Uprock, 1intro, BackPack, Jup 

@Parcl Community Allocation 

Early Parcl adopters 7.5% 

HOA NFT holders 0.4% 

Madlads holders 0.1% 

Snapshot for diamond hands, already done. 

First LBP on Solana, they have announced a 

public sale of their token $INTRO which will be 

on launched with LBP: 

A Liquidity Bootstrapping Pool (LBP) public sale 

is a mechanism designed for fair token distribution 

and price discovery. Might be very interesting! 

@getgrass_io 

They implemented the first massive network 

upgrade! 

Many people say that it was a purge, because the 

last season ends in 10 days. 

Plus, for someone income on points has been 

reduced, but no, for 75% I have been receiving 

2000 per day and other from referrals. 

@Backpack 

Already in the second week, they opened rewards 

of 30% from your referrals, from the 

amount they spend on commission. 

Just go to Drop tab, my referrals hit 300k volume, 

I got $200+ in various tokens which is a 

pretty good result. 

@JupiterExchange 

@UpRockCom 

They updated the UI design, added animation, 

and most importantly, they are testing the app 

on IOS, so soon more users will be able to join. 

They also increased the reward in $WEN tokens. 

@1intro 

There is currently a second vote, which is very 

collaborative, on whether the team will receive 

funding for the new project, which is about over 

$1M. As it is too much for me, the best solution 

would be to reduce the funding by 25% and let 

the team work on a new project. 


@0xGumshoe 

People are making almost 15% APY on SOL Staking, why 

aren’t you? Introducing @sanctumso, the LST king Here’s 

everything you need to know. 

What is Sanctum? 

Sanctum is a new primitive built on Solana to power liquid 

staking and bring Solana into an infinite-LST future. 

Staked SOL Problems 

Staked SOL secures the network but can’t be used for anything 

else, and unstaked SOL has a lot of utility but doesn’t 

help secure the network This is where Sanctum and LSTs 

come in. 

Infinite LSTs 

Sanctum wants Solana to have infinite LSTs. Imagine being 

able to trade on Tensor or have your bids accrue APY while 

sitting on Tensor because you are holding TensorSOL. Imagine 

the same for NFT platforms like Sharky. 

How to Start 

Go to @sanctumso’s website and: 

- Choose one of the Blue Checkmarks (Sanctum List) LSTs 

- Stake (Basically swap SOL to the preferred LST) 

- Confirm Transaction 

...and you’re now getting almost double the regular Staked 

SOL APY 

Powering the SOL Economy 

One of the main issues with LSTs is fragmented liquidity 

(multiple pools, bad incentives) Sanctum solved this with 

its unified liquidity layer, allowing anyone to trade in size 

without slippage. 

Tokenless Protocol 

Tokenless protocols may eventually launch tokens and 

assuming there’s an airdrop you may qualify by holding 

INFSOL. The best airdrops are the unexpected ones. 

Final Thoughts 

Have some exposure to LSTs or you’re not generating any 

yield on SOL and are technically losing money due to the 

SOL inflation tokenomics. 

Sanctum wants infinite LSTs so that you can always generate 

yield on your SOL, no matter where you have it.

@The_Bakery_DAO 

Welcome to The Bakery 

The Bakery, formerly known as “LeDao,” serves as a representation of our groups commitment 

to the Solana ecosystem, reflecting our passion for its vibrant art community. We are 

dedicated to supporting the onboarding process for new collectors and artists alike, providing 

guidance and resources to ensure their integration into this wonderful ecosystem. 

This marks the beginning of several future endeavors, as The Bakery charts its independent 


course. By setting up a durable DAO, we’re 

securing our longevity and ensuring a positive 

influence over the ever-expanding art community. 

Over the coming months we will continue to 

highlight these new ideas that help highlight 

artists. Bringing together some of the strongest 

collectors in the space who speak individually 

but under a cohesive voice of The Bakery. 

A special recognition to @Delux3_Art for their 

incredible dedication and expertise in spearheading 

the DAO’s rebrand. Their vision and 

hard work have truly transformed our identity. 

We are excited to live up to the standards set by 

their dedication in finding the spirit of The Bakery. 

Thank you for being a driving force behind 

our new chapter!

Introducing the Classic Token Creator. A user-friendly 

tool crafted to simplify the token creation process 

on the Solana blockchain. Whether you’re an experienced 

developer or new to the blockchain space, our 

platform offers the resources and assistance needed 

to bring your ideas to fruition. We provide support 

throughout the process, and as an integral part of our 

project, 100% of the revenue generated by the Classic 

Token Creator will be reinvested into Solana Classic. 

The cost of generating a contract on the Solana Blockchain 

is 0.5 SOL. 

Revoking mint authority costs 0.1 SOL. 

Freezing mint authority also costs 0.1 SOL. 

8. Click ‘create’ and approve the transaction in your 

wallet. In about 30 seconds the tokens will appear in 

your wallet. 

Revoke Mint Authority 

If you choose to revoke mint authority, you’re ensuring 

that the maximum supply of tokens cannot be exceeded. 

Revoke Freeze Authority 

By revoking freeze authority, you’re ensuring that 

tokens cannot be frozen in holders’ wallets. It’s essential 

to revoke freeze authority if you plan to create a 

liquidity pool. 

Every penny generated from the ultimate token generator 

is reinvested back into Solana Classic. 

Here’s how we allocate our revenue: 

25% for strategic buybacks on the chart. 

25% for development to enhance various utilities. 

50% for marketing efforts to spread the word and grow 

our community. 

Beginning Your Journey: Initial Steps to Token Creation 

on Solana. 

1. Connect your wallet on our generator page. 

2. Enter your tokens name. 

3. Choose a symbol (up to 8 characters). 

4. Specify the total supply of your token. 

5. Select the decimal precision. 

(0 for Whitelist Token, 5 for utility Token, 9 for meme 

token) 

6. Describe your token briefly and add all links to your 

socials. 

7. Upload your PNG tokens image/logo. 

↑ Revoke Mint Authority and Revoke Freeze Authority 

↑ 

After deploying and receiving your tokens, revoking 

both mint and freeze authority, you need to create 

a market ID. Click on ‘Create ID’ on the button at the 

top left. Make sure you do not lose your market ID! 

After creating your market ID, use it to create a pool on 

Raydium. Click on the ‘Raydium Pool’ button on the left 

sidebar to be directed there. A comprehensive information 

page detailing this subject will be published 

once the tool is officially live, providing deeper insights 

into the process. 

In addition to our revenue model, what sets us apart is 

our dedicated support system for those with questions 

about generating a contract. We’ve implemented a 

chat feature right on the generator page to assist everyone 

with ease around the clock. Users will receive 

assistance through our Telegram chat, accessible via 

the provided link on the page, ensuring 24/7 support. 


@0xGumshoe 

Solana is attracting BILLIONS to DePIN and AI The next big DePIN x AI Project is coming SOON And you can already 

pre-mine Tokens and qualify for a potential airdrop Introducing @UpRockCom 

Solana DePIN x AI 

Render, Helium, Nosana, ionet have all either launched or bridged to SOL because it is the best chain for technology 

You have to invest in projects launching on the chain of choice, which is why UpRock should be on your radar 

What is UpRock? 

UpRock is a people-powered AI DePIN network, where users can provide their unused bandwidth to power the 

growth and development of AI Your data helps power AI discoveries and savings, while also improving the AI 

assistant agent that users have access to 

Rocket, the AI Agent 

Rocket is an AI Agent that uses UpRock’s open data network to provide real-time insights to you. By using natural 

language, Rocket can help normies & you better understand crypto, wallet management and more. 

Adoption 

UpRock has already started to see adoption mostly in Asia and Africa, although Europe and North America have 

been on the rise as well. 


Tokenomics 

The majority of the Token supply is to the Community, 

which means emissions from users providing their data 

to UpRock DePIN tokens generally have a high FDV vs Circ 

Supply, which shouldn’t be taken as predatory because 

most of the locked tokens will go to miners 

Token Utility & Burn 

UpRock will have several Burn & Buyback and Burn events, 

coming from Platform Fees and Revenue Streams Part of 

the Revenue goes towards improving Liquidity and Rewarding 

Miners, in addition to the dedicated Community 

Pool. 

Allstar Team Background 

The core team has been together for 10+ years and has 

had 2 successful exits, most notably their Tenta Crypto 

Browser which was acquired by Avast. This is a team that 

knows how to build a product and deliver it to the masses. 

Final Thoughts 

UpRock is one of Jupiter’s LFG launchpad candidates, 

which reminds me of the projects (like Nosana) which 

presented at the last Solana Breakpoint conference. Don’t 

fade any of them, don’t fade UpRock. 

How to Start 

You can immediately get 20 $UPT by doing this: - Sign Up 

https://link.uprock.com/i/4391b061 

- Install the App (Android and macOS Supported) - Voilá 

If you don’t want to use my referral link go to @UpRock- 

Com bio!

smithii 

How to decide what utilities we are going 

to offer in our NFT Project, which even 

though we have previously downplayed its 

importance compared to marketing, is a key 

point that will add a lot to achieving sold 

out and above all so that our collection is 

successful in the long term. 

It is very important that you are clear 

that the profits you promise must be achievable, 

they must make sense and work in 

the long term. It is also important that this is 

profitable; Your NFT project is a business, it 

needs to generate profits in one way or 

another to sustain itself. 

Without further ado, let’s look at the importance 

of differentiation, places to find inspiration 

and we will discuss where we get 

Tillary’s’ profits from. 

UTILITIES TO DIFFERENTIATE YOUR NFT COL- 

LECTION 

The utility that we offer in our NFT Project 

will be one of the factors that will allow 

us to differentiate ourselves and stand out to 

attract users with the potential to purchase 

our NFTs. 

Having a unique or unusual utility is important, 

especially if it is truly valuable. Offering 

what we are used to seeing in all projects 

(Staking, belonging to a DAO, Receiving 

Calls and Whitelist Opportunities) will not 

help us , although there are many cases of 

projects that brand these same things and 

achieve an incredible impact. 

The NFT sector has very little history, so we 

have many blue oceans to exploit with our 

Project. Having so many opportunities it 

makes no sense to be left with a red ocean. 

Of course, if we have a functioning business 

that can support our NFT Collection 

it will be much more helpful. It will also be 

very useful for us if our team is made up 

of certain people if our utility is going to be 

based on their work (for example there are 

NFT projects that are dedicated to offering 

their development to other projects, their 

usefulness is to make revenue sharing of the 

benefit they generate). 

BUT THEN WHERE DO I GET IDEAS FOR MY 

UTILITY? 

We have many ways to get inspired or 

get ideas from. If you already have a business 

that works, the simplest thing is to 

offer something related to it to your holders, 

so this will contribute to us, making the 

business and the NFT project feed each other 

(what we talked about in chapter 2). 

If not, which is the most normal, we will 

have to use our creativity or copy other 

projects and take it to a different blockchain/ 

adapt the idea. 

Copying is not bad , if someone is doing 

something that works and you apply it in 

another sector (in this case in another blockchain) 

you have an advantage , since you are 

sure that it has worked previously. 

You can find hundreds of NFT projects on 

Twitter or on Marketplaces like Opensea or 

Magic Eden, take your time and check out 

the ones you find interesting. The more projects 

you see, the better ideas you will have. 

You should also not analyze more than necessary; 

you must analyze but also act. We 

should not have paralysis by analysis under 

any circumstances. 

If you don’t want to copy literally, you can 

use the same concept but give it a different 

use. 

It should be noted that there is a great opportunity 

to convert games and businesses 

that operate in the “traditional” sector to the 

NFT sector, find the one that best suits you. 

Do you want to receive news and tips for 

NFT Creators? 

Subscribe to our Newsletter and don’t miss 

all the news about NFTs. 

WHERE WE GET TILLARYS PROFITS FROM 

In the case of Tillarys, we have drawn inspiration 

for our utilities from different places. 

Tillary’s’ approach is to do revenue sharing, 

but not through its NFTs as such, but 

through the creation of secondary collec- 


tions. Tillary’s holders will be able to mint these 

collections for free. And these collections will 

focus on offering tools as a service to other 

projects, from which they will generate profit 

and provide revenue sharing. 

That is, we will earn money with our profits. 

That is, we will not seek to monetize solely with 

royalties or the mint, so we will sell a very limited 

collection at an average price. 

These secondary collections will be created 

through the incubator, which will also support 

external collections, such as a standard startup 

incubator. 

Not only will Tillarys have that, but they will also 

have Gatchapy and Tamagotchy. A Gashapon 

machine for users to play using the $THII token 

and a Tamagotchi game with which to evolve 

the NFT, customize traits and get $THII. 

The incubator idea is literally copied from the 

“real” business model that Startup incubators 

already follow. 

We have taken the revenue sharing model 

from other collections and incorporated it 

through secondary collections, in order to separate 

all the tools that we can offer as a service 

into “categories”, having their own “commercials”, 

which will be the holders themselves. , 

due to their interest in generating more sales. 

The Gatchapy idea is an adaptation of the 

vending machine idea from another project. 

And Tamagotchy is an adaptation of the old 

game mixed with the concept of traitshop and 

metadata updating. 

Finding utilities that we have the capacity to 

carry out and that are profitable for us is a key 

point for the long-term success of our NFT 

Project. Take your time to investigate, read 

about other projects and find what utilities 

you would like to offer, without overlooking 

the analysis of said idea to make sure it makes 

sense.

jeyloo

eluatu

culture

aghasiani

solorover

v4wenko

faezeostad

chazzgold

vanillasky

endidan

saranft

saranft

hanisa

0xluckless

artcons9

v4wenko

aghasiani

mkart

asoo

supernova

crossbow

2fancrypto

aitezoart

v4wenko

pigment

eluatu

elogiso

v4wenko

marcelokato

aitezoart

create your own mix

DiMauro

SHILL Issue 155

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