SCRIBE ποΈ
@imscribe
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shining light in the shadow-realm
Memepool
Joined April 2023
Memecoins π Capital Risked On-Chain Art π Capital Flexed Perp DEXes π Capital Inflows Bitcoin π Capital Preservation -Roll the dice -Share the vibes -Invest in the rails -Save in sats
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The amount of money that banks had to pay in fraud penalties is ~$400B USD since year 2000. But somehow we all point the fingers at crypto if anything ever goes wrong.
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π₯
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@king_manuelo @Aster_DEX Buyback sizing of @Aster_DEX vs @HyperliquidX is pretty comparable now at around $2-3M each per day Hype's Assistance Fund owns 10% of circ supply after a year of buybacks, while Aster's 1st buy was ~6% If S3 yields ~50M, Aster will have 10% of circ supply after only 2 buys
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Memecoins π Capital Risked On-Chain Art π Capital Flexed Perp DEXes π Capital Inflows Bitcoin π Capital Preservation -Roll the dice -Share the vibes -Invest in the rails -Save in sats
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5/5 All that to say, all future buy backs will pale in comparison to S2, but @Aster_DEX has a ton of other economic incentives running in parallel. Like the new "Rocket Launch" feature functioning similar to @binance Alpha, which earns users airdrops & rewards for spot trading
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4/5 This puts us at like ~60M $Aster at current value. If price rallies back towards $2 before S3 ends, that total could halve. In contrast, S2 generated ~$208M in revenue, & ~$160M in buybacks of 150M tokens. I mentioned the S2 farming dynamic here: https://t.co/tQU5azNN7Y
I feel like the short whale on @HyperliquidX only chose HL due to its TVL ($6.5B at the time), as opposed to hiding his order on @Aster_DEX dark pools which only had about $2.5B TVL at the time. Obviously he could've added some layer of privacy, but he was hunting max liquidation
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3/5 Aster's Stage 3 Revenue is at $46.55M currently. Assume the $2.35M daily average is sustained through the remaining epochs. That would add another $35.25M to the coffers, for a potential total of $81.8M 70-80% of that going to buybacks = $57.26M - $65.44M
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2/5 First off, Stage 2 Volumes were almost 10x these values. So the initial hype seems to have dampened with the drop in volume coinciding perfectly with the start of Stage 3.
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1/5 In the last 20 days, @Aster_DEX has generated $47M in total revenue. That's an avg of $2.35M per day, with 15 days left in Stage 3, (Oct 6th - Nov 9th) If Aster plans to contribute 70-80% of Stage 3 revenue towards buy backs, here's how that may look. ππ§΅
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If youβve been rooting for this guyβs downfall, you either: A) got spoon-fed misinformation B) got liqβd cuz youβre a bad trader & blame @binance instead of the counter traders who outsmarted you. Either way you need a reevaluation. Space needs more leaders like @cz_binance
Deeply grateful for todayβs pardon and to President Trump for upholding Americaβs commitment to fairness, innovation, and justice. ππππ Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide. (Still in flight, more posts to come.)
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CZ deserves his pardon. His show trial of a prosecution was a combination of regulatory railroading and ethnic persecution for being Chinese-Canadian. Imagine if Macron was held personally responsible for every crime committed by the 67M citizens of France, and you'll get the
Deeply grateful for todayβs pardon and to President Trump for upholding Americaβs commitment to fairness, innovation, and justice. ππππ Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide. (Still in flight, more posts to come.)
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Global spotlight on @cz_binance this week. If this mfer starts mentioning @Aster_DEX in press interviews, with listings on every major exchange & discounted pricing, haters will be in disarray. Never fade the greatest builder in crypto's expansion era. Aster Coded.
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