As long as I have known blockchain, I’ve known I will create an #NFT-collection . Since I got all the assets for an exciting journey to expand my initiatives but also explore all the yet-indescribable-utility possibilities, which will happen in between relations when people come together. The former in principle, according to my ethos, includes participation of people within the collection since also they have a major pilot-role to push the envelope. I couldn’t wait to begin, while I patiently sought for a time. Along the years, there were many possible points to do a launch; trends and people come and go. During the years, I witnessed many communities surge and wither away, and I observed their mistakes. Yet for my inception, the timing has to be perfect and casual, yet the launch must be fair via organic reach only. The collection itself must portray — even without words — what I am for and what I like to remind us. Health is wealth, and all that; tangible immersion of our body and connections of our mind. This humble beginning of a scarce collection was only for the few, who felt I was about to launch a collection. Without a promise, I probably hinted about something like that via tens of vlogs and if not hundreds of exemplifying conversations about ownership of perks, utility, ticket’ing, and all that’s possible via an #NFT-collection. Finally the pieces of the puzzle fell into the place, and Amongst-collection was created and its launch was set on the eve of Midsummer 2023. I did not choose the date by myself, but by the queue of the launchpad. Meanwhile ETH gas-fees were high, and a launch date was set on Mooar-launchpad, network as #Solana. During the month prior to the launch, I tweeted the beginning of the story for Amongst, and further from there. In fact, I have a yet-unshared vision and roadmap for what’s more to come. An initial idea of mine was not a huge collection, but a family of many small circles. That I have not yet seen anyone else to actualize. A few days to the Midsummer Eve were the hottest days of the summer so far, as much summer season is highly valued. Actual records of temperature were broken, and I was busy with family-related program and the celebrations of the most previous time of the year. We were at family meetings, cooking, swimming, having the good time. Yet after the midnight and during the last couple hours before the launch, that’d be a time window of only 12 hours, I was creating the last reminding tweets for people, who could have a chance to own a piece of the beginning, Amongst. Then I felt to sleep flat tired for all the events. The next day, only after eating breakfast together with the family, I recalled to check out. It turned out that #Amongst was fully minted out in the flash. I celebrated that moment with a love of my life, who has been supportive and having fun with my daily creations. Those were the hottest day of the summer, a chapter to continue. So from the successful launch upwards, I gathered up my composure to make a draft for the vision upwards, that's now in construction. Goes without saying, this was the memorable seize amongst #GOATMoments I will always gladly recall in mind within the endeavor to pave way for the future of the blockchain.

🤝 DAOs are reshaping governance, but they face challenges. Concentration of tokens in the hands of a few entities can lead to power imbalances and gatekeeping. It is crucial to address these issues for truly decentralized decision-making. Explore the challenges and potential solutions to promote inclusivity in DAOs.

Decentralized Autonomous Organizations (#DAOs ) have brought about a new era of governance, enabling community-driven decision-making and eliminating centralized control. However, like any emerging concept, DAOs face their own set of challenges. One significant concern is the concentration of tokens in the hands of a few entities, which can lead to power imbalances and create gatekeeping mechanisms within the DAO.

Token Concentration: In some DAOs, a small number of entities or early adopters hold a significant majority of the governance tokens. This concentration of tokens can give disproportionate power to these entities, potentially leading to decisions that do not reflect the broader interests of the community. Token concentration poses a threat to the democratic ideals that DAOs strive to uphold.

Power Imbalances and Influence: When token ownership is heavily skewed, a select few entities can exert substantial influence over the decision-making processes within the DAO. This concentration of power can stifle inclusivity, limit diverse perspectives, and impede the collective decision-making process. It may discourage active participation from community members who feel their voices are overshadowed by those with significant token holdings.

Gatekeeping: The concentration of tokens can create gatekeeping mechanisms within DAOs, where a select few control access to decision-making processes and governance rights. This undermines the democratic principles of DAOs, as decision-making power becomes centralized in the hands of a privileged few. Gatekeepers can potentially manipulate proposals, limit competition, and obstruct the growth and inclusivity of the DAO.

Addressing the Challenges: To promote inclusivity and tackle the challenges associated with token concentration and gatekeeping, several potential solutions can be explored:

Token Distribution: Implement mechanisms to ensure a fair and broad distribution of tokens during the initial distribution phase of a DAO. This could include strategies like a fair launch, airdrops, or vesting schedules to discourage hoarding and promote wider ownership.

Sybil Resistance: Employ sybil-resistant mechanisms to prevent individuals or entities from acquiring excessive voting power. Implementing reputation-based systems or proof-of-individuality protocols can help prevent token accumulation solely for the purpose of gaining influence.

Liquid #Democracy: Explore liquid democracy mechanisms where token holders can delegate their voting power to trusted individuals or subject matter experts. This approach allows for more nuanced decision-making and distributes influence beyond token ownership.

Progressive Governance Models: Experiment with progressive governance models that incentivize active participation and contribution to the DAO. This could involve rewarding engagement, expertise, or long-term commitment, rather than solely basing influence on token ownership.

Education and Awareness: Foster education and awareness within the DAO community to encourage active participation and highlight the importance of a diverse and inclusive decision-making process. Empower community members to challenge power imbalances and advocate for fair and transparent governance.

Conclusion: While DAOs have the potential to revolutionize governance, challenges related to token concentration and gatekeeping must be addressed for true decentralization and inclusivity. By implementing fair token distribution, exploring sybil-resistant mechanisms, and embracing progressive governance models, DAOs can create a more democratic and inclusive ecosystem. Together, we can ensure that DAOs fulfill their promise of reshaping governance for the better. #DAOs

As long as I have known blockchain, I’ve known I will create an #NFT-collection . Since I got all the assets for an exciting journey to expand my initiatives but also explore all the yet-indescribable-utility possibilities, which will happen in between relations when people come together. The former in principle, according to my ethos, includes participation of people within the collection since also they have a major pilot-role to push the envelope. I couldn’t wait to begin, while I patiently sought for a time. Along the years, there were many possible points to do a launch; trends and people come and go. During the years, I witnessed many communities surge and wither away, and I observed their mistakes. Yet for my inception, the timing has to be perfect and casual, yet the launch must be fair via organic reach only. The collection itself must portray — even without words — what I am for and what I like to remind us. Health is wealth, and all that; tangible immersion of our body and connections of our mind. This humble beginning of a scarce collection was only for the few, who felt I was about to launch a collection. Without a promise, I probably hinted about something like that via tens of vlogs and if not hundreds of exemplifying conversations about ownership of perks, utility, ticket’ing, and all that’s possible via an #NFT-collection. Finally the pieces of the puzzle fell into the place, and Amongst-collection was created and its launch was set on the eve of Midsummer 2023. I did not choose the date by myself, but by the queue of the launchpad. Meanwhile ETH gas-fees were high, and a launch date was set on Mooar-launchpad, network as #Solana. During the month prior to the launch, I tweeted the beginning of the story for Amongst, and further from there. In fact, I have a yet-unshared vision and roadmap for what’s more to come. An initial idea of mine was not a huge collection, but a family of many small circles. That I have not yet seen anyone else to actualize. A few days to the Midsummer Eve were the hottest days of the summer so far, as much summer season is highly valued. Actual records of temperature were broken, and I was busy with family-related program and the celebrations of the most previous time of the year. We were at family meetings, cooking, swimming, having the good time. Yet after the midnight and during the last couple hours before the launch, that’d be a time window of only 12 hours, I was creating the last reminding tweets for people, who could have a chance to own a piece of the beginning, Amongst. Then I felt to sleep flat tired for all the events. The next day, only after eating breakfast together with the family, I recalled to check out. It turned out that #Amongst was fully minted out in the flash. I celebrated that moment with a love of my life, who has been supportive and having fun with my daily creations. Those were the hottest day of the summer, a chapter to continue. So from the successful launch upwards, I gathered up my composure to make a draft for the vision upwards, that's now in construction. Goes without saying, this was the memorable seize amongst #GOATMoments I will always gladly recall in mind within the endeavor to pave way for the future of the blockchain.

As long as I have known blockchain, I’ve known I will create an #NFT-collection . Since I got all the assets for an exciting journey to expand my initiatives but also explore all the yet-indescribable-utility possibilities, which will happen in between relations when people come together. The former in principle, according to my ethos, includes participation of people within the collection since also they have a major pilot-role to push the envelope. I couldn’t wait to begin, while I patiently sought for a time. Along the years, there were many possible points to do a launch; trends and people come and go. During the years, I witnessed many communities surge and wither away, and I observed their mistakes. Yet for my inception, the timing has to be perfect and casual, yet the launch must be fair via organic reach only. The collection itself must portray — even without words — what I am for and what I like to remind us. Health is wealth, and all that; tangible immersion of our body and connections of our mind. This humble beginning of a scarce collection was only for the few, who felt I was about to launch a collection. Without a promise, I probably hinted about something like that via tens of vlogs and if not hundreds of exemplifying conversations about ownership of perks, utility, ticket’ing, and all that’s possible via an #NFT-collection. Finally the pieces of the puzzle fell into the place, and Amongst-collection was created and its launch was set on the eve of Midsummer 2023. I did not choose the date by myself, but by the queue of the launchpad. Meanwhile ETH gas-fees were high, and a launch date was set on Mooar-launchpad, network as #Solana. During the month prior to the launch, I tweeted the beginning of the story for Amongst, and further from there. In fact, I have a yet-unshared vision and roadmap for what’s more to come. An initial idea of mine was not a huge collection, but a family of many small circles. That I have not yet seen anyone else to actualize. A few days to the Midsummer Eve were the hottest days of the summer so far, as much summer season is highly valued. Actual records of temperature were broken, and I was busy with family-related program and the celebrations of the most previous time of the year. We were at family meetings, cooking, swimming, having the good time. Yet after the midnight and during the last couple hours before the launch, that’d be a time window of only 12 hours, I was creating the last reminding tweets for people, who could have a chance to own a piece of the beginning, Amongst. Then I felt to sleep flat tired for all the events. The next day, only after eating breakfast together with the family, I recalled to check out. It turned out that #Amongst was fully minted out in the flash. I celebrated that moment with a love of my life, who has been supportive and having fun with my daily creations. Those were the hottest day of the summer, a chapter to continue. So from the successful launch upwards, I gathered up my composure to make a draft for the vision upwards, that's now in construction. Goes without saying, this was the memorable seize amongst #GOATMoments I will always gladly recall in mind within the endeavor to pave way for the future of the blockchain.

In the ever-evolving realms of StepN, several significant developments have been shaking up the landscape. From the #eGST increase to the #GasHero badge and the intriguing supply shock, it's crucial to analyze the macroeconomic status of the realm and its potential implications for platforms like Binance Smart Chain (#BSC) and Solana (#SOL). In this article, we will delve into these developments and discuss their possible effects over the next few months.

Setting the Stage:

After a period of volatility, all three realms—#ETH, #FSL, and #GMT—have found a balance in key metrics like GMT and GST, minting and burning rates, and more. Notably, the price of GST appears to have bottomed out and stabilized, suggesting a favorable starting point for future growth.

Phase 2: Drawing Users to the ETH Realm:

Following the recent climb in eGST price, which lasted approximately two months from April to May, attention has turned to the Ethereum (#ETH) realm. The steady growth in price and the realization that the supply could be easily shocked have garnered interest from various individuals, including the author. This, coupled with the ease of manipulation and potential for a successful run, has prompted investments in ETH.

Building Confidence in the ETH Realm:

To instill confidence in the ETH realm, a sustained period of rising or steady prices is essential. The #GasHero badge plays a role here, as it has the potential to further increase the price of eGST, subsequently impacting the price of GMT. Speculative purchases of eGST, combined with its convergence towards GMT price, have attracted attention and speculation buys, indicating growing confidence.

Introducing Phase 3: Dynamic Minting:

To maintain equilibrium, the #STEPN team has introduced Dynamic Minting. When eGST surpasses GMT, minting becomes prohibitively expensive, discouraging users from creating new tokens. Instead, users cash out eGST, primarily converting it into USDC or GMT. As a result, GMT prices rise, eGST falls, and the two assets gradually converge in value.

Benefits for BSC and SOL:

This equilibrium between eGST and GMT in the ETH realm offers significant benefits for platforms like BSC and SOL. Users in these realms contribute to boosting the price of GMT, which subsequently alleviates pressure on bGST and sGST, leading to equilibrium in each realm. The steady price of eGST builds user confidence and drives growth in the ETH realm, creating a ripple effect that eventually benefits all three realms.

GasHero's Role and the Rising Price of eGST:

While the utility of the #GasHero badge is debated, its main purpose is to drive up the price of eGST. The higher the eGST price, the more substantial impact it has on raising the overall GMT price. Notably, the rate of badge claims has slowed down, with users focusing on in-game earnings rather than additional investments, resulting in a rise in eGST price.

Future Predictions:

Speculatively, it is projected that the eGST price could reach $0.75 when all #GasHero badges are claimed. As badges are claimed and users start to cash out, eGST will gradually converge towards GMT price, while GMT itself experiences a slight increase due to burning. This equilibrium will present an opportune moment for minting.

Conclusion:

The ongoing developments in the ETH realm hold tremendous potential for the entire Stepn ecosystem. As the ETH realm overflows, the benefits will extend to platforms like BSC and SOL, albeit to a lesser extent. Equilibrium across realms is a promising prospect, signifying growth, stability, and interconnectivity. However, it is essential to note that these observations are speculative and should not be considered financial advice. Regardless of the realm you choose to participate in, the positive macroeconomic trends witnessed in the ETH realm are highly advantageous for the Web3 ecosystem as a whole.