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The biggest value unlock for crypto going forward will be
Tokens that actually incentivize holding, wheter they are :
- Tokenized ownership coins via @MetaDAOProject
- Authority coins via @realmsdaos
- Floor rising coins via @FloorsFinance or @Exchequerfi
Chinese Crypto Twitter is so much more honest than English Crypto Twitter.
A former Binance listing manager @ChaseWang just said on a Chinese podcast:
"Everyone trades short-term with no long-term holders. Retail doesn't understand the value. Market makers only care about short-term profit."
That's it. That's the industry.
No one holds. No one builds conviction. Every token is a hot potato.
English CT won't say this because everyone's talking their own book.
Chinese CT doesn't care.
Until you fix the holding problem, structurally, not narratively, crypto stays a casino.
The answer is downside protection. Everything else is cope.
Will always support projects trying to push non 0 sum games
@AscendLaunch is the one to watch imo, aligned built into the value they make is the best signal
To everyone in crypto, It's time to stop accepting extraction as the norm.
Cycle after cycle, we've watched the same mistakes repeat. The same short-term thinking. The same value extraction.
At @AscendLaunch, we're here to raise the standard for this entire industry. We believe the value created onchain should flow back to the people and ecosystems responsible for creating it.
It's time to break the cycle. It's time to build something that lasts. It's time to push this industry forward.
We will make onchain great again.
That's a promise.
Psyops retweeted
To everyone in crypto, It's time to stop accepting extraction as the norm.
Cycle after cycle, we've watched the same mistakes repeat. The same short-term thinking. The same value extraction.
At @AscendLaunch, we're here to raise the standard for this entire industry. We believe the value created onchain should flow back to the people and ecosystems responsible for creating it.
It's time to break the cycle. It's time to build something that lasts. It's time to push this industry forward.
We will make onchain great again.
That's a promise.
The wealth effect of kinetiq:native is about to begin, sparking an onchain movement similar to when Solana generated a wealth effect and started a multi-year onchain bull run.
Some of the best times of trenching were during the Solana wealth effect era. When it had ran from $8 to $290 over 2 years, onchain flourished incredibly well and many traders were able to achieve generational wealth.
We are seeing the same exact setup on kinetiq:native, and have built @AscendLaunch the most participant-aligned launchpad, built on Elysium, the value-accretive L2.
For the first time, an L2 and its leading launchpad are aligned around growing ecosystem value rather than extracting it.
We have positioned the premier launchpad as value-accretive to the entire Elysium ecosystem, from the foundation ($HYPE) to the Layer 2 (kinetiq:native) and finally to participants on our launchpad (traders, stakers, and builders).
Rather than develop a launchpad token, we have chosen to adopt kinetiq:native as our protocol token, and have made major improvements to our tokenomics upping our KNTQ buybacks to 80% of protocol fees going into buying KNTQ, burning it, and deploying it strategically.
This, paired with 50% of Elysium sequencer fees going to buying back and burning kinetiq:native makes the setup extremely asymmetrical.
We believe that if kinetiq:native does well, so will onchain, which will mean that Ascend does well making our participants have an even stronger flywheel. KNTQ does well -> Elysium does well -> Ascend does well -> Traders, builders, stakers do well -> KNTQ does well. This is the flywheel and wealth effect we expect to see with kinetiq:native.
The problem: Traditional launchpads extract liquidity through competing protocol tokens, fees that leave the ecosystem, and little sustained demand for launched tokens.
Our solution: No protocol token. Instead, Ascend has adopted kinetiq:native as our protocol token. 90% of Ascend protocol fees buy back KNTQ (80%) and HYPE (20%). The remaining 10% is the team treasury.
Staking: Users stake HYPE via kHYPE on Ascend, directing yield toward ecosystem token buybacks while earning four reward streams: HYPE, ecosystem tokens, KNTQ, and boosted DEX referral fees.
20% HYPE allocation:
- 50% Staker rewards
- 50% Protocol-owned staked HYPE on Ascend
80% KNTQ allocation:
- 40% Burnt
- 60% deployed strategically across ecosystem token buybacks, Ascend points program, protocol-owned KNTQ LP across Ascend token pools + kHYPE
- Traders: No competing protocol token extracting liquidity from their positions. Ecosystem buybacks from protocol fees + staking yield.
- Tokens: Recurring buybacks funded by protocol fees and staker yield. Supported LP depth from Ascend treasury.
- Builders: No launchpad token competing for liquidity, grants, launches with dedicated buyback support through Ascended listings, and a growth path to HyperCore spot and HIP-3 perps facilitated by Kinetiq's HIP-3 Perps DEX, as well as rev share from Ascend via our Strategic Partnerships.
- Stakers: Multiple reward streams while supporting ecosystem growth.
Unlocking new capital: Rather than recycling the same liquidity across Solana, Base, and Robinhood, Ascend gives HYPE holders a way to deploy sidelined capital into new ecosystem launches.
The Elysium advantage: While other L2s retain sequencer revenue, Elysium directs 50% toward KNTQ buybacks and 25% toward builders.
Ascend commits 100% of its sequencer-fee allocation to grants for builders launching on Ascend, creating a powerful incentive to build on Elysium instead of competing ecosystems such as Base & Robinhood.
The scale: At $5M/month in Elysium sequencer fees, a 10% allocation to Ascend would generate $500K/month in builder incentives, funding grants, HyperCore spot listings, AMM liquidity, etc.
For reference, Robinhood generated $14M in sequencer fees in a 30-day period, while Base generated approximately $75m in a 1 year period.
Further, the buyback effect of a top launchpad on HYPE, KNTQ, and ecosystem tokens are significant.
In September, the 30d total of fees generated across top launchpads: PUMP ($165M), PONS ($132M), Flap ($41M), Stonkfun ($27M). At scale, Ascend would contribute mid 6-figures to low 7-figures of daily buybacks to HYPE & KNTQ.
The vision: Make Ascend the obvious place to build, trade, and stake. Stakers are the backbone of Ascend, and will receive many benefits of the protocol's success with many rev shares in place.
Builders are attracted by grants, sustained buyback support, a clear path to HyperCore spot and HIP-3 Perps through Kinetiq, and eventually becoming an Ascend Strategic Partner.
Traders are attracted by PVE tokenomics where protocol activity strengthens the ecosystem instead of extracting from it.
Together, these create a flywheel: better incentives attract better builders, better launches attract more traders, and more activity drives even greater buyback support and ecosystem growth.
Buybacks is the only path as tokenholders cannot get any guarantees that the value being accredited by the project will benefit only the token now or later down the road
@MetaDAOProject framework is the other one by having guardrails enforcing and aligning token value capture
I so desperately want to end the psyop that buybacks don't work:
1. Mechanically speaking, buybacks make the price go up
2. Crypto is not TradFi, there is a different social contract
> The Mechanical Value of Buybacks
First there's a large number of studies that confirm basic intuitions:
* Market Underreaction to Open Market Share Repurchases NBER (1995) - Buybacks create long term value, especially for underpriced stocks
* The Nature and Persistence of Buyback Anomalies (2009) - Reaffirms buybacks create persistent abnormal positive returns. They have an especially positive effect smoothing over price dips when the market overreacts to bad new
* Actual Share Repurchases, Price Efficiency, and the Information Content of Stock Prices (2017) - Reaffirms the findings of the 2009 paper. Buybacks improve pricing efficiency, liquidity, and are especially positive during market declines
* Pavilion Global Markets Buybacks Drive S&P 500 Returns (2023) - Buybacks can drive up to 43% of the returns in a single stock
tldr: buybacks make the number go up. obviously they work better when your stock is at a lower p/e because of under appreciation or market downturns unrelated to the core business, but nonetheless they are positive on the stock
THIS SHOULD BE REALLY OBVIOUS, you don't even need to read any of the papers above to understand the basic intuitions of why they work:
* Price is a function of supply and demand. When buybacks take supply off the market, price goes up all else held equal
* When shares get taken off the market, the shares you hold represent a larger share of the business meaning you benefit from EPS growth even if revenue isn't growing (let alone if it is)
* Businesses providing constant single sided buys on their own shares has a smoothing effect on liquidity making deeps shallower and setting higher price floors in the long run (more shares are repurchased on a fixed buying program when price is lower)
Some specific examples:
* about 51% of Apple's EPS growth is credited to their legendary buyback program retiring so many outstanding shares
* Autozone has bought back like 90% of their shares - the stock has had double the annualized returns of the SP for the last 2 decades
* Home Depot is similar to Autozone
What crypto people get uncomfortable is that buybacks take a long time to compound. This is totally fine in the stock market where there's many businesses you can forecast out in to the future for a decade+. In crypto I understand this rightfully makes people nervous
One prime example of this would be PONS. It kinda doesn't matter how much %of supply was bought back by PONS if their business never recovers. The entire trade/business may end up being too much a flash-in-the-pan for the long term effect of buybacks to have compounded
But we're now seeing a few crypto businesses start to cross the chasm into multi-cycle success stories. We can & should expect the businesses to implement long durable buyback programs that will compound excess positive returns for the years to come
> The importance of buybacks in crypto
I don't know if any of you noticed this, but you have no legal protections as token holders. It's also not even on any government roadmap to fix this
Regulators are just now getting around to setting some guidelines for crypto projects to not get sued - but even then, none of those guidelines relate to you. You do not have voting rights. You do not have legal recourse. In fact most times you don't even own equity in the underlying businesses which actually collect the revenues
IF token holders had legal rights. IF I could sue Compound or Aave for what they've done to token holders, I'd be far more sympathetic to the argument that teams should wait for buybacks. At the end of the day, I know I'd be able to pursue legal recourse & pressure with like minded token holders to force them to return capital when the time is right
Unfortunately, you have none of these abilities. You have nothing but the promises of the team. IN FACT, a team that likely ran a points program or other to WIN YOUR BUSINESS by trading some of their equity. I'd argue they have a moral responsibility to you to show they're aligned in the long term with you even in the lack of regulatory requirements
We have the tools to mitigate extractive capital raise & grifting:
- Evolving ai anti bundling tek
- Costly launch tek
- Immutable Treasuries tek by @UFGDeFi
Now It's about merging a standard for minimum value leakage so we can get back to playing long term games
@adeepabyss 👀
Hard not to be bullish on $KNTQ 🌚
There is a coin out there that gives you exposure to :
- an aligned team
- staking yield primitive
- a mobile trading app
- an L2
- a non extractive Launchpad
- Hooks design layer
All of this adjacent to the chain with the top asset in crypto, hard to not be bullish on $KNTQ 🌚
Psyops retweeted
Fair token launches need fair token backing in order to be successful long-term.
That's why we're building Sovereign Treasuries at UFG so every community can have a permanent floor and have all their members equally share in its success.
Founders Rise Together.
Psyops retweeted
Strap in and consider this my official update on the kinetiq:native thesis, specifically regarding @Enter_Elysium.
Best way to do this is to refute some arguments I've seen:
1. "L2's are parasitic"
It's very lazy to compare Elysium to other L2s from the past. Robinhood Chain has generated a little over $50m in fees, of which $5m went to Arbitrum, and a whopping...$70k went to $ETH blob fees.
HyperEVM hyperliquid:native fees are burnt, whereas sequencer fees on Elysium go to kinetiq:native buys and builders (more on this later), but HyperEVM fees only account less than 1% of Hyperliquid total revenue. Papertrade is actually much more directly parasitic to hyperliquid:native; HyperEVM fees are peanuts even if Elysium vamped them entirely.
An under appreciated dynamic that a lot of people don't know is that HyperEVM USDC applies to AQAv2 hyperliquid:native revenue too, and USDC on Elysium will as well. Assuming the HyperEVM burns around $25k of hyperliquid:native a day, every additional $1b USDC that Elysium onboards in TVL would burn 4x that same amount due to AQAv2.
For reference, Solana has ~$7.5bn USDC and Base has $5b. Robinhood chain is predominantly USDG, which they monetize on, and ETH obviously gets nothing from. Imagine if Base contributed to $175m (3.5% of $5b) of value accrual to $ETH via their USDC TVL...maybe my $5k/7k $ETH calls would actually hit then 🙃
Beyond this, the entire selling point of Elysium is that it sits adjacent to HyperCore. propAMM's are functionally impossible on HyperEVM now due to the 1s block time (amongst other reasons). Additionally, on the HyperEVM, you can only read Hypercore price, not order book depth.
As a result, Solana does 25-50x the spot trading volume that Hypercore/HyperEVM handle. If Elysium can eat even a moderate chunk of on chain spot volume from Solana, especially in tokenized RWAs, the implications for corresponding hedging flows to Hyperliquid are enormous.
Elysium explicity enables net new flow and TVL to Hyperliquid, both of which are very accretive to hyperliquid:native itself. I would not be surprised if Elysium directly contributes an additional low 9 figure ARR for hyperliquid:native in 2027.
2. "L2's are bad investments and down only tokens"
As stated above, $ARB made about $5m so far from Robinhood Chain. Of that amount, a whopping...zero dollars made it to tokenholders. No buybacks, no burns, nothing.
50% of Elysium sequencer fees are directed at kinetiq:native buybacks. Even if you assume that Elysium only generates half the current sequencer fees of the current ghost town that is the HyperEVM, that'd still more than double their current revenue.
Currently, kinetiq:native buybacks as a % of market cap are about 1.5%, compared to 4-5% for hyperliquid:native. If Elysium generates only half of the sequencer fees of the current HyperEVM ($5m/yr), they'd be retiring token off the market at the same rate that hyperliquid:native does relative to market cap.
If Elysium can do closer to 50-75% of Base annualized sequencer fees ($30m), they'd be doing kinetiq:native buybacks at double the rate of hyperliquid:native as a % of market cap.
This is completely negating a likely increase in kHYPE TVL and other revenue streams (which there are numerous), like from launchpads like @AscendLaunch.
Ascend actually deserves their own section because they've commited to doing 30% of gross revenue as kinetiq:native buy/burns (50% to buys, 60% of that to burn). $PONS has generated $200m revenue in the last 2 months, but is currently only annualizing about $125m revenue, so we'll use a very conservative ~10% of the more conservative number. That'd add another $4m of kinetiq:native buybacks, which brings buyback yield/mcap well into the double digit %, over double hyperliquid:native.
3. "Why would there be activity on Elysium if there wasn't on the HyperEVM?"
Probably because the HyperEVM operates at the speed of smoke signals and has 0 support from Hyperliquid.
You have @Uniswap, @fomo, @Pumpfun etc all announcing integrations and deployments on Elysium day 1 after ignoring the HyperEVM all this time. @0xOmnia and the @Kinetiq_xyz team is putting on a master class in distribution, and you're seeing it play out this week.
Jeff and company are focusing on building the best perps platform in the world, and that's great, but this hands off approach has come at the expense of any support or curation of an on chain ecosystem.
That's left a massive gap that other chains have filled, but Elysium can bring all that activity back into the "house of all finance". Having a team that's fully dedicated to making this a reality will look nothing like the lack of attention the HyperEVM received.
4. "It'll be a flash in the pan memecoin chain and die out just like RHC activity has"
This is more speculative and it's hard to say. Elysium could have an epic and unsustainable PvElysium memecoin season by inheriting some of the wealth effect from both hyperliquid:native and kinetiq:native. Obviously this would absolutely moon kinetiq:native from sequencer fees/Ascend revenue, but that's shortlived.
Lively trenches aren't mutually exclusive with a real and innovative DeFi ecosystem though. As I mentioned before, Elysium will be uniquely able to plug in with, leverage, and read Hyperliquid orderbooks and liquidity. DeFi applications that couldn't be built anywhere else are made possible here.
A performant general purpose blockchain adjacent to HyperCore is the natural home to propAMM and HFT arbitrage against HIP3, which incentivizes deeply liquid spot RWA markets, which enables much higher LTV lending, which enables unique structured products and DeFi primitives to be built.
I do imagine that the trenches are built before more serious innovation comes about, but an important note here is that builders are getting 25% of sequencer fees as well. What builder wouldn't want to deploy on a new ecosystem, adjacent to the most successful app in crypto history, with a built in rev share agreement with the chain itself? Based on my conversations with Ascend and Montra, lots of serious teams want to build, not just memecoin deployers.
TLDR: It's not that complicated guys. kinetiq:native is a $120m mcap token that has a very clear path to buyback % yields multiples higher than hyperliquid:native, with an unprecedented ecosystem flywheel. It's both beta to hyperliquid:native and enhances the hyperliquid:native bull case. It might be the most asymmetric bet in crypto right now, and it's not conditional on some long shot thesis, just that there will be a large on chain ecosystem for the most important app in crypto.
Maybe it's a flop and a sell the news event on launch...or maybe it's all the best parts of Base/Hood sequencer fees combined with the revenue streams of $PUMP, $CAKE, solana:jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL, ethereum:0x5a98fcbea516cf06857215779fd812ca3bef1b32 etc and heads towards billions of TVL and 9 figure annual revenue.
If you pattern match too hard to "L2 bad" or "HyperEVM sucks", it's from a place of being too 🏳️🌈🐻-pilled and/or lazy research.
Psyops retweeted
In order to make bagworking great again, you need to put builders in the position to succeed.
Sovereign Treasuries that have fully redeemable backing give bagworkers actual skin in the game.
Once only available to @UFGDeFi, now available for all launches on @adeepabyss.
it has become complete counter-consensus to be bullish onchain now, have never seen sentiment this bad & ive been here ~9 years
crypto twitter has forgotten that it requires actual work on the builder side to make coins do well, so many traders complaining about lower ceilings on coins and not nearly enough people actually trying to build interesting protocols and/or to change that dynamic
We need way more anti-extraction infrastructure
@UFGDeFi dropped a key primitive via sovereign treasuries which i'm sure can be customized even further for different outcomes but this is the path to build towards bringing value and retaining it
gg to the Defi OGs shipping this
Hyperliquid in an era of extraction has become the embodiment of integrity & alignment with this ethos is being spearheaded by it's community via Elysium & it's soon to launch ecosystem
$KNTQ thesis is simple :
"Play long-term games with long-term people" 🌚
Psyops retweeted
While I am salpha.ai posting, I'll share some thoughts on what I am trying to achieve with it and why.
The age of mass deployment in crypto has made it effectively impossible for any trader to manually go through all the new tokens deployed daily, even when applying quantitative filters.
This has been compounded by the ease of launching fake projects with AI-aided development. Rugs and larps are reaching levels of sophistication that make them difficult for even seasoned traders and researchers to identify.
KOLs actively becoming 'devs' and leading their followers to the slaughter makes it even worse.
As an onchain trader, I began building salpha to help me sift through the mountains of crap being launched daily, so I could focus my research capacity on things that are actually worth my time.
Salpha was the first tool to develop AI-powered narrative and social reports for all onchain coins.
Salpha is now in the early stages of layering this data on top of all the more common tools that traders use daily.
The plan is to combine onchain, web, social, GitHub and many more types of data to create the most advanced alpha tool on the market.
The plan is to offer as much of this for free as possible, and to be the cheapest provider wherever we have to charge.
Why free?
a) Because I am an onchain trader.
These tools should help people make more informed decisions about what they invest in, hopefully leading to a recovery of onchain from the cesspool of scams and rugs it has become. This directly benefits my trading.
b) In the age of AI-powered development, the only moat is distribution. By keeping the service free or as cheap as possible, we can get it into the hands of as many traders as possible and make it very difficult for competitors to catch up.
c) The first two points feed into the bigger picture. If onchain becomes the best place to make money again, and salpha becomes the best tool for finding those opportunities, the upside for both is enormous.
That's what I'm ultimately trying to build: not just another crypto data tool, but the information layer that makes onchain worth trading again. And if we get that right, I think salpha can become something much bigger than people currently imagine.
. @sal_ash_ singlehandly saving gem hunters from scammers serial rugging by "devving coins"
His bot gives ease access to deep dive and soon clean reputation check on CT, the winning tool of 2026 so far for me, check out his deep dive bot it's worth it and about to get better
Quick Salpha update:
Working on some significant upgrades to both salpha's free and paid versions.
We will introduce a simple larp check to see whether a technical projects product is working and its github seems legit.
We are also working on a much larger onchain investigation module. This will provide all the basic checks needed to identify bundles, proxima usage and other scams.
We will also begin to build a DB of wallets and X accounts which are repeatedly involved in scams/larps.
The plan is to include all the above in the free reports we provide.
The paid version of salpha will have access to all the above tools but without any limits, so you can do much more detailed investigation for yourself with the AI helping you.
Accumulating $KNTQ and $GP from @GraphiteProto
Incoming catalysts, real revenue, attention shift and more aligned communities
Elysium eco will have gems and if graphite delivers on all that stealth hype it's undervalued
There is basically 0 friction now on launching scams that look like real projects, hope launchpads on @Enter_Elysium introduce friction like 5k per coin launched & dev/early wallet timelocks
Unless launchpads make deving unprofitable it will continue
@AscendLaunch @MontraXYZ
This quoted post is unavailable.
Always thought that floor coins where a good idea to retain value for holders & have a sustainable environment for communities to thrive, yet every iteration so far hasn't caught as people always go back to getting farmed on on scammers infinite deploy, is @UFGDeFi the one 👀
“launchpads have extracted a few billion dollars that would today sit in people’s wallets or in token liquidities”
It’s time to shift the balance of power back to holders. Sovereign Treasuries accomplish this by turning volume into permanent backing for memecoins.
@UFGDeFi 🏛️
Still remember vividly how anything ICO related post 2021 was hated for being too extractive, while "fair launches" memes where all the rage but the pendulum has swung too far & memes are just well oiled extraction factories now
A departure from fair launch model is inevitable
the return to dino coins trend is prob just rediscovery of old vintage projects from a time when crypto actually tried to do things (relative to now) and prior to brain drain to AI/tech (rightly so tbh)
cryptography, quantum resistance, cross chain protocols, defi, tokenization, etc
lots of junk back then also. but post 2021 environment for crypto has really just been a slew of projects that are rehashes of existing ideas (but now on chain x!) or just plain low effort; many exceptions ofc but speaking very generally about mean project
also helps that even if most of these projects were formerly VC cash grabs, enough time has passed that they are now mostly fully diluted
Is this @AscendLaunch coded 👀
There is a coin out there that gives you exposure to :
- an aligned team
- staking yield primitive
- a mobile trading app
- an L2
- a non extractive Launchpad
- Hooks design layer
All of this adjacent to the chain with the top asset in crypto, hard to not be bullish on $KNTQ 🌚
There is a timeline where AI x V4 tooling completely nuke the current dev fast farming meta via creative hooks forcing devs, KOLs & snipers to hold, of course scammers will reinvent themselves but AI tooling will be able to adjust faster & more reactively too
$IMD coded ?
It only gets worse from here with proxima becoming a widely known tool.
Who remembers when DogWifTools blew up because that dude did a documentary on it that watched like one big scamtool promo video lmao?
Well this is 10x as user friendly and 10x as good. Basically enables anyone to launch rugs and with a little bit of effort even launch undetectable rugs lol..
New pairs have been virtually untradable for a while so imagine how they will be in the coming days to weeks.
Beyond just the fact that everything will be / already is a bundle rug, now more and more traders will flip from traders to launchers and more groups of traders will begin only buying tokens launched by their respective groups(this has already been happening but I expect it to accelerate even more now).
Rugfective Acceleration (r/acc)