I find the Alpha. *NFA*
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Joined June 2018
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ChamaComma retweeted
Solana is live on NullMask. ☀️
Private balances. Private transfers. Now on the fastest chain in crypto.
Deposit, send privately, withdraw.
Go private on Solana:
sol.nullmask.io
ChamaComma retweeted
Solana is coming to NullMask ☀️
🗓 October 23
⏰ 4 PM UTC
Deposit, hold a private balance, send privately and withdraw. Now on Solana.
Set a reminder.
app.nullmask.io
Freest trade $MASK
New all-time high 📈
$5.4M in private volume in a single day.
$27.1K in protocol fees.
Privacy is back.
app.nullmask.io/analytics
ChamaComma retweeted
The solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 airdrop is going to be huge. Here is how to farm it in 5 steps :
@NullMaskio just dropped the rules for Season One and they are the cleanest I have seen this cycle.
100,000,000 MASK. 10% of the entire supply. 90 days. Everything is public, everything is onchain, and the token already has weekly buybacks running. Let's go.
What NullMask is in one line.
A privacy protocol from core $ZEC contributors. You put money in, you take it out on a fresh wallet, and nobody can connect the two. One click. Works on Ethereum, Base and BNB. Solana coming.
Why the drop is huge.
10% of supply for one season. Most projects give 1 to 3% and call it generous.
$37.8M in volume and $833K in revenue in the first two weeks. This is not vapor.
100% of protocol fees buy back solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7. Last week alone $101K went straight into the market. The fees you pay to farm literally pump the token you are farming.
Holders already received $1.4M in $ZEC rewards. The token pays you to hold it.
@theunipcs is calling it the most underrated privacy coin of the cycle.
Step 1. Learn the one rule.
Every $10 you withdraw from the pool = 1 point. Minimum $100 per withdrawal.
Use Big Wave mode (once a day at 18:00 UTC) and every point is x1.5.
Points turn into MASK when the season ends.
Step 2. Set up in 5 minutes.
One wallet for farming. Points go to the wallet that withdraws.
Go to nullmask.io/points and sign to see your balance.
Link a Solana wallet. That is where MASK lands.
Grab your referral link. You earn 10% of everything your invites farm, forever.
Step 3. Run the loop.
Deposit into the pool.
At 18:00 UTC withdraw through Big Wave to a fresh wallet.
Send it back in.
Repeat tomorrow.
Your stack never goes anywhere. You cycle the same money and collect points every lap. The only thing you spend is the fee, around 2% per lap, and on Base or BNB gas is nothing.
Step 4. The math.
Same stack, 10 laps, MASK at $0.40 at payout
Starter.
Spend $1,000. Pay $200 in fees. Earn 1,500 points = 4,500 MASK. Walk away with $2,600. Up 160%.
Grinder. Spend $5,000. Pay $1,000 in fees. Earn 7,500 points = 22,500 MASK. Walk away with $13,000. Up 160%.
Whale. Spend $25,000. Pay $5,000 in fees. Earn 37,500 points = 112,500 MASK. Walk away with $65,000. Up 160%.
Want more? Double the laps and you double the points with the same stack. 20 laps on the Grinder tier is 45,000 MASK.
And the floor. Even if MASK goes nowhere, your points roughly pay back the fees and you walk away with clean wallets and a bag. You can only win small or win big here.
Step 5. Stack the edges.
Big Wave only. Never use Fast mode.
More laps, not more money. Points come from volume.
Share your referral once. 10% of your whole tree for 90 days adds up fast.
Hold some solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 while you farm. Points on one side, $ZEC rewards on the other.
Get in before Solana ships. That is where the volume explodes and the early balances will look tiny in hindsight.
Why the token itself can rip.
Revenue, buybacks, burn, holder rewards, a privacy narrative heating up with $ZEC leading, Solana launch ahead, and a 90 day campaign that turns every user into a volume machine. Small cap, big engine.
Keep it clean. Flagged wallets get nothing. Size it like a bet. Start today, not in month three, because the more farmers come in the fewer MASK each point pays
Season One is live. Move privately. Earn MASK. Simple.
*FYI on the math above. I kept the payout numbers conservative on purpose, wanted exact figures as of today, not my opinion. My opinion: solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 trades a lot higher than that in 90 days. Feel free to 2x every walk away number. More than confident.
solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7
ChamaComma retweeted
i went through every $MASK fud on my tl and followed the money on-chain.
here's what the chain actually shows.
"dev holds 40%, rug incoming"
dev bought ~400M at launch and still holds ~385M today.
sold ~3M on day one. since then, his tokens only went to a burn wallet and the LP.
defillama literally tracks that wallet as protocol treasury.
"the token is useless"
100% of protocol fees go to $MASK buybacks. they post the burn tx almost every day.
21.6M $MASK burned so far. that's 2.16% of supply in 3 weeks.
"it's just a bonk guy pump"
nullmask is #1 privacy protocol by revenue on defillama, ahead of tornado and railgun.
even counting only deposit/withdraw fees, it did more than railgun last week.
3 weeks after launch.
funny how the wallet everyone's scared of is the one burning supply.
ChamaComma retweeted
Nullmask / $MASK: the most underrated privacy coin of the cycle
$MASK is currently sitting at around $23.5m market cap ($40m FDV, with 40% of supply out of circulation and 2.16% already burnt)
i believe Nullmask is by far the most underrated privacy coin in all of crypto, and i'll explain why in this thread
let's start by looking at the top privacy coins and their market caps:
• ZCash / $ZEC: $21 BILLION market cap
• $NEAR: $6.8 BILLION market cap
these two have been by far the biggest gainers in the top 50 cryptocurrencies over the past year, and it's not even close!
if it isn't already obvious, both have run hard (and continue to run) on the PRIVACY narrative
but what's impressive isn't just their gigantic market caps
it's how much they've added in the past year alone:
• ZCash added $18 BILLION to its market cap
• NEAR added $4.3 BILLION to its market cap
all before the bull run has properly started
so how does this affect Nullmask / $MASK?
the incredible runs ZEC, NEAR, and other privacy coins have had have established beyond reasonable doubt that this is the privacy cycle
and i believe Nullmask is going to win big because it sits right at the heart of this narrative, with several key advantages that many much bigger privacy coins don't have
let's start with the PRODUCT
Nullmask makes private transactions possible across EVM chains and Solana in the most normie-friendly way imaginable
you can use your existing wallets (MetaMask, Rabby, Phantom, etc.) the same way you normally would, while enabling private transactions across major ecosystems like Ethereum, BNB, Base, Robinhood, and Solana
yes, you read that right
you don't need to learn how to use a new wallet, create a new seed phrase or private key, learn to navigate a complicated new blockchain, or deal with any of that nonsense
you can activate Nullmask's privacy capabilities on your existing crypto setup in just a few clicks
all you need to do is activate Nullmask's custom RPC and let its 'virtual private network' shield your transfers using zero-knowledge proofs
i'm simplifying the technical details to make this as normie-friendly as possible, but that's the gist of it
and this isn't just speculative stuff: Nullmask is already LIVE & WORKING on Ethereum, BNB, Base, and Robinhood
you can actually use the product and verify that it works!
but i'm bullish on $MASK for more than just the product
TOTAL ADDRESSABLE MARKET (TAM)
what makes Nullmask so incredibly bullish and underrated isn't just how impressive the product is, but the size of its total addressable market
i've never used the ZCash or NEAR blockchains, and the same is true for tens of millions of users across Solana, Robinhood, Base, BNB, and Ethereum
yet ZCash and NEAR have market caps of approximately $21 BILLION and $7 BILLION, respectively
the average crypto user may never touch the ZCash or NEAR blockchains, but they're already using Ethereum, Robinhood, BNB, Solana, and Base
and Nullmask caters to those users
this begs the question:
what is fair value for Nullmask when ZCash and NEAR are both trading at multibillion-dollar valuations?
LET'S TALK ABOUT THE TEAM
when a protocol promises something as ambitious as Nullmask does, you obviously want to know who's building it and whether they're capable of delivering
Nullmask is built by several ZCash contributors, led by Tomas Krnak
Tomas Krnak helped build shielded ZCash transactions for hardware wallets. his work was funded by the ZCash Foundation and merged into the main ZCash protocol itself
i should also add that the lead dev is doxxed and regularly participates in live interviews!
PARTNERSHIPS & INTEGRATIONS
we've established that the team has serious credentials in the privacy space and that the product is already live and working
but what about partnerships, integrations, and endorsements?
here's a list of industry players Nullmask has collaborated with in some form since launching:
• NEAR Protocol ($11.3 BILLION ATH)
• THORChain ($4.4 BILLION ATH)
• Dashpay
• Beldex
• Quai Network
the team also revealed in a recent AMA that it's in discussions with major wallet providers, including MetaMask, about potentially integrating Nullmask as an additional privacy layer
all of this for a product that isn't even a month old, by the way!
METRICS & REVENUE
Nullmask looks incredibly strong from a fundamentals perspective, but the key question is:
what do the metrics actually look like?
since the protocol launched a little over two weeks ago, Nullmask has generated:
• $37.8 MILLION in total protocol volume, averaging $2.36 million per day
• $833k in total revenue, averaging $52k per day
it has also burnt 2.16% of supply and distributed $1.4 MILLION in $ZEC rewards to holders since the token launched approximately three weeks ago (token launched a week before the protocol)
and here's the important part:
all these adoption metrics were recorded before the protocol is live on Solana, which is expected to happen next week, and mostly before it went live on Robinhood and BNB just a few days earlier
the team also has 20% of the token supply allocated to a long-term incentives campaign designed to encourage people to use the protocol and accelerate adoption
i should also add that Nullmask is now ranked #1 among ALL privacy protocols for both 7-day and 30-day revenue, according to DeFiLlama, barely two weeks after its protocol went live, and by a clear margin
this is despite the fact that
-it only went live on Robinhood and BNB a few days earlier
- it is yet to launch on Solana
- its incentives program aimed at accelerating adoption is yet to launch
the speed of adoption Nullmask has witnessed is impressive for any privacy protocol
TOKENOMICS
20% of the token supply is allocated to the team and locked for two years, meaning these tokens won't start entering circulation until at least two years after token launch
another 20% is reserved for an incentives campaign aimed at accelerating protocol adoption
the remaining 60% of supply is circulating
this means approximately 60% of the supply is currently in circulation, while the bulk of the rest won't enter circulation anytime soon
ROADMAP
• Launch on Ethereum, Robinhood, BNB, and Base (LIVE)
• Cross-chain bridge (LIVE)
• Unshield directly to ZEC wallets (October 2026)
• Launch on Solana (Q4 2026)
• NullMask SDK (Q4 2026)
• Privacy Perpetuals (Q4 2026)
TO CONCLUDE
i know Nullmask might sound too good to be true right now, and it's crazy to me that it's sitting at such a ridiculously low market cap
but believe it or not, all of the facts in my thesis above can be independently verified
i'm not going to ask you to buy Nullmask
i'm simply laying out my thesis and thought process for this trade, and explaining why i believe it could be a big one
i objectively believe $MASK will become a multibillion-dollar token before the end of the bull run, and i expect it to be yet another kingmaker trade for me
nothing in this thesis is financial advice
it's up to you what you do with the above information
ChamaComma retweeted
Until now, NullMask privacy was available only for ETH, USDT, USDC and BNB.
That changes today. From now on, we’re adding every major token on each chain we support.
Which token goes private next?
Tag your favorite token below.
Shield it. Trade it. Withdraw clean.
ChamaComma retweeted
$30k from 24h generated revenue has been swapped for $MASK and subsequently burned.
As part of our ongoing commitment to the ecosystem, we will continue to conduct daily buybacks and increase liquidity over time.
Proof of burn:
solscan.io/tx/47MdU4MjkVMu2B…
ChamaComma retweeted
ok, after listening to the entire latest nullmask AMA again, here's my summary.
i'm fucking bullish as hell, man. they brought up so many interesting things that deserve a much deeper dive.
today's $MASK AMA gave us a much clearer picture of what nullmask is actually trying to become.
and tbh, the long-term vision is much bigger than most people realize.
let's go through the key takeaways.
1. robinhood chain is officially live.
another integration delivered.
and solana could be next.
the team hinted at the upcoming solana integration yesterday, so there's a possibility we could see something as early as this week.
nothing confirmed on timing yet, but that's definitely one of the biggest catalysts i'm watching.
2. #1 privacy protocol on defillama.
tomas highlighted nullmask reaching the top of defillama's privacy category by reported weekly revenue/fees.
as i've mentioned before, those figures also include ZEC rewards received by the team wallet, so they're not entirely organic protocol fees.
but the actual privacy product is generating meaningful fees too, and its cumulative volume and revenue continue to grow.
pretty impressive considering how recently the product launched.
3. near intents, bnb and base.
the team revisited its near intents collaboration, which went live last week.
they also highlighted marketing efforts involving the bnb and base ecosystems, potentially opening the door to deeper collaborations.
nothing finalized on that front, but the connections are definitely interesting.
4. points rewards program confirmed for this week.
this one could be a pretty significant catalyst for protocol activity.
the idea is to incentivize users to interact with nullmask, potentially increasing transaction volume, participation and fee generation.
there's also the possibility of a future airdrop connected to the 20% supply allocation held by the team.
to be clear, the airdrop itself isn't confirmed.
but if the program successfully attracts genuine recurring users, the impact on protocol adoption could be substantial.
5. buybacks and burns aren't stopping.
the team intends to continue supporting the token through buybacks and burns.
and if the upcoming points program translates into higher protocol revenue, there's potential for those initiatives to scale further.
obviously, higher revenue doesn't automatically guarantee higher buybacks or better PA.
but combining growing adoption with sustainable token support is exactly what i'd like to see.
especially while the broader crypto market continues getting absolutely hammered.
6. and here's the part that caught my attention the most.
tomas talked about one of crypto's biggest problems.
fragmentation.
different blockchains, l2s, l3s, bridges, wallets and ecosystems.
for the average user, the whole thing is a fucking mess.
nullmask wants to abstract away that complexity.
imagine a privacy layer working almost like a VPN or proxy for your blockchain activity.
you express what you want to do.
the infrastructure handles the underlying chain interactions.
the user shouldn't need to understand every bridge, network or execution route.
that's the bigger vision.
not just adding privacy to ethereum.
bringing accessible financial privacy across as many ecosystems as possible.
and finally...
7. potential wallet integrations.
this might be one of the most interesting long-term opportunities discussed today.
the team mentioned conversations involving major wallet providers, including metamask, about potentially integrating nullmask as an additional privacy layer.
nothing signed or finalized.
but think about the distribution opportunity if something like that eventually happens.
instead of expecting every user to discover nullmask independently, privacy functionality could become accessible through wallets they already use.
the strategy makes sense.
first, expand across blockchains.
then, distribute that infrastructure through the wallets and interfaces people already know.
and that's where i think the real opportunity lies.
nullmask isn't trying to become just another isolated privacy application.
it's aiming to become an accessible privacy layer across the broader crypto ecosystem.
there's obviously still a lot to execute, and the wallet partnerships, solana integration and future features need to materialize.
but we're already seeing the team deliver integrations, expand the product and generate actual protocol activity.
the market is focused on short-term candles while the team is trying to solve a much bigger infrastructure problem.
that's why my conviction remains so strong.
the more i research the architecture, product and roadmap, the more interesting the long-term opportunity becomes.
$100M MC is still my first major target, but i believe the potential could extend much further if this vision becomes reality.
one thing is clear.
the team isn't running out of things to build.
and i don't think the market fully understands the scale of what they're attempting yet.
mask on.
conviction unchanged.
privacy szn.
$MASK 💎
ChamaComma retweeted
Nullmask is #1 privacy protocol by revenue on @DefiLlama.
$179.8K in 7 days.
This week, more than Railgun, Tornado Cash and Privacy Cash combined.
ChamaComma retweeted
$MASK is the token of the cycle.
just think about what it is.
its a mixer
and a bridge
fully private
for no fees
any and all chains
ZEC founder shilled it
@NEARProtocol official page shilled it
its sitting at 24m with 40% out of circulation.
think of the return you ARE going to get
i always give you the best plays
dont fade this one
this is the kingmaker trade of the year
i promise
the team is super fucking legit with the biggest backing
you are going to see them turn on the fucking heat soon
ChamaComma retweeted
Stockify is now part of The Stonks Exchange.
Same $STFY. Same payouts in real stocks. Now with $STONKEX in the index.
Base is going all-in on tokenized stocks, and so are we.
ChamaComma retweeted
Starkies is the mascot of starknet they call themselves the starkies and even have NFT pfps for them tell me this isnt there cult basicly
juloz.com/work/starknet-foun…
$Dark @DarkSwapApp was mentioned at TOKEN2049 by @NEARProtocol.
Team still has some progress and execution to be made but I am getting more and more interested.
ChamaComma retweeted
just read this amazing article about solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7.
i bought $75K on FOMO over the last 2 days.
here’s why i’m bullish:
• REAL product, already live
• REAL users paying REAL fees
• protocol revenue → solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 buybacks
• buybacks + burns already happening
• solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 holders earning ZEC
• privacy without abandoning your existing wallet
• private swaps already live
• founder has YEARS of real ZK/privacy experience
• Base expansion
• Solana coming
• private perps on the roadmap
• massive stablecoin + payments use case
solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7 already has PRODUCT + USERS + REVENUE + BUYBACKS.
if you have a flywheel, you have stasher with you.
i’m just a very big fan of investing in an EXISTING product instead of aping into a fvcking roadmap and praying they eventually ship.
the founder is also a BIG part of my conviction. tomas krnak has been working on privacy and ZK problems for years, including shielded Zcash functionality for Trezor.
this isn’t some team that discovered the privacy narrative 3 weeks ago and started farming CT.
they’ve been building around this problem for YEARS.
now they have the product, the users and the revenue to prove it.
study solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7.
Since I’ve been posting a lot about Nullmask lately, I decided to put everything into one article: my research, the product, the tek, and the $MASK thesis.
It’s a long read, but worth it if you’re serious about privacy or the project.
ChamaComma retweeted
mask ama summary ep. 2:
just finished today’s $mask ama with quai network and dashpay and i think the market is still looking at nullmask way too narrowly.
people keep reducing it to “privacy pool.”
that’s not really what the roadmap sounds like anymore.
the product already has real traction.
$12m deposited into the shielded pool.
60k+ users.
~$1m distributed in zec rewards.
~600 txs per day.
and the team said the launch feedback has been strong while the aml screening system has been performing well.
but the more interesting part is where they’re trying to take this.
solana.
more evm expansion.
private perps.
larger shielded pools.
private ens combined with utxos.
better withdrawal privacy.
and one thing that caught my attention a lot:
they’re building a new solana feature/product that they didn’t want to reveal yet, but described as something that basically doesn’t exist today.
if they actually deliver something genuinely new there, that could be a pretty revolutionary unlock for privacy on solana.
and that’s exactly why i think the scope here is becoming much bigger than “shield funds and withdraw later.”
the real thesis is starting to look more like private financial infrastructure.
crypto still has a massive design flaw that everyone somehow accepted as normal.
your wallet is basically a public bank account.
anyone can see what you hold.
what you receive.
what you spend.
where you send it.
how much you’re worth.
that’s insane when you actually think about it.
you wouldn’t walk into a coffee shop and hand the barista your full bank statement before paying.
but onchain we basically do the equivalent every day.
what i liked about today’s discussion is that they’re clearly not positioning privacy around “how do we hide shady activity.”
they’re positioning it around normal financial privacy while keeping compliance in mind.
and i think that distinction is huge.
privacy tech became toxic for a lot of builders after tornado cash.
not because the demand disappeared.
because the regulatory risk became impossible to ignore.
if nullmask can make privacy compliant enough for wallets, stablecoins, exchanges, businesses and apps to actually integrate it, then privacy stops being a niche destination.
it becomes a feature.
eventually maybe an expectation.
the ai angle also gets more interesting the deeper you think about it.
we’re moving toward a world where autonomous agents will hold funds, make payments, rebalance portfolios and interact with protocols.
do we really want every agent to operate with a wallet where the entire financial history is visible to anyone?
private agent wallets.
private stablecoins.
private payroll.
private treasury management.
private payments.
that market could end up being much bigger than “privacy coins.”
and that’s why i think $mask is starting to sit at the intersection of multiple narratives instead of just one.
privacy.
ai agents.
digital cash.
stablecoins.
enterprise.
zec.
solana.
evm.
perps.
and potentially a completely new privacy primitive on solana that we still don’t even know the details of yet.
the interesting part is that these don’t feel randomly glued together either.
they all point toward the same endgame.
make onchain finance private by default.
not hidden.
not unusable.
not regulatory suicide.
just private.
$mask isn’t trying to build somewhere you temporarily hide funds.
it’s trying to build the privacy layer underneath how people actually use crypto.
if they execute on that, the upside is way bigger than the current “privacy token” framing.
today’s ama made that thesis even clearer to me.
solana:HuAXPyDWDaMYFKuwQHpqL1oPnj93zdzWmtvFGzCeCUa7