"I should have bought it" is a news podcast with the editors and friends of ForkLog about the main industry events of the week and the "hottest" tokens.
Release topics: a strange airdrop from LayerZero, SEC "gives a back", the importance of DYOR and dubious "tapalki".
Special guest: CEO and founder of EMCD Michael Gerlis.
Participants: ForkLog authors Lena Jess, Alex K., Vasily Smirnov.
Forced donations
The LayerZero Foundation has conducted an airdrop of ZRO tokens for 1.28 million wallets since June 20.
Three times more tokens were credited for early transactions, and an additional 10 ZRO for operations after the snapshot. The distribution for "free" transfers has been cut by 80%. The fight against drophunters returned almost 10 million tokens, but it was not possible to completely eliminate the "sybils".
For the stamp, it was required to donate $0.1 per token through Proof-of-Donation. The initiative has caused a mixed reaction. For example, banteg from Yearn.Finance compared it to "glorified ICOs".
Has the SEC given up?
The U.S. Securities and Exchange Commission (SEC) has closed an investigation into Ethereum 2.0 following ConsenSys' request for clarification of the asset class.
The infrastructure company stated that "Ethereum has survived the SEC" — the regulator will not consider ETH sales to be securities transactions.
However, ConsenSys intends to continue the legal proceedings with the Commission. Founder Joseph Lubin noted that the company is seeking greater regulatory clarity for cryptocurrencies.
Rethinking the "tapalok"
The Notcoin project will abandon the idea of a clicker game, moving on to creating a platform for ecosystem projects. Users will be able to earn NOT tokens through participation in the "AI University" and contests. Notcoin plans to launch up to 100 campaigns per week to increase engagement.
Experts compared the mechanics of clickers with Ponzi schemes, where early players get more benefits. The ease of earning tokens raises concerns about hyperinflation and coin depreciation. Developers are encouraged to implement balanced tokenomics and token burning mechanisms.
What is DYOR?
DYOR (Do Your Own Research) is a fundamentally important approach for market participants, involving independent and thorough research of the investment object.
In an environment of high volatility and a large number of failed projects, understanding fundamental aspects such as tokenomics, market capitalization, trading volume, team and roadmap helps reduce risks and make informed decisions.
The use of financial and on-chain metrics, as well as analysis of white paper and project partnerships are key elements of DYOR.
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