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$๐Ÿ‘๐Ÿ“๐ŸŽ,๐ŸŽ๐ŸŽ๐ŸŽ,๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ ๐€๐ˆ๐‘๐ƒ๐‘๐Ž๐ย ๐Ÿค‘๐Ÿค‘ ย  Yesterday, the crypto market witnessed the 2nd largest #crypto airdrop of 2024. ย  #dymension , which is a modular blockchain that airdopped ๐Ÿ•% of its total supply to its community. It got listed on major exchanges like #Binance โ€ฏ #Bybit โ€ฏ, and many more. ย  The airdrop was mainly to $ATOM , $TIA , and #OSMO stakers. ย  Last year, I made a video on crypto airdrops where I mentioned staking INJ, ATOM, and other tokens to position for big airdrops. ย  How many of you did get $DYM airdop? ๐Ÿ‘‡

$๐Ÿ‘๐Ÿ“๐ŸŽ,๐ŸŽ๐ŸŽ๐ŸŽ,๐ŸŽ๐ŸŽ๐ŸŽ๐ŸŽ ๐€๐ˆ๐‘๐ƒ๐‘๐Ž๐ย ๐Ÿค‘๐Ÿค‘

ย 

Yesterday, the crypto market witnessed the 2nd largest #crypto airdrop of 2024.

ย 

#dymension , which is a modular blockchain that airdopped ๐Ÿ•% of its total supply to its community.

It got listed on major exchanges like

#Binance โ€ฏ

#Bybit โ€ฏ, and many more.

ย 

The airdrop was mainly to $ATOM , $TIA , and #OSMO stakers.

ย 

Last year, I made a video on crypto airdrops where I mentioned staking INJ, ATOM, and other tokens to position for big airdrops.

ย 

How many of you did get $DYM airdop? ๐Ÿ‘‡

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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๐Ÿšซ๐Ÿšซ SPAM: HOW IT WORKS โš™๏ธโš™๏ธ The SPAM system has two components: ๐Ÿ”— An onchain mechanism to track user transactions, calculate rewards per user, and let users mint $SPAM in proportion to the number of txs they sent. ๐ŸŒ A web miner for users to easily send lots of transactions automatically, as well as mint and claim $SPAM coins. Let's dig in at different levels of analysis: ๐Ÿ‘ถ ELI5 ๐Ÿ‘ถ - One billion $SPAM coins are minted every day. - Users earn $SPAM by sending $SUI transactions. - The more txs you send, the more $SPAM you receive. - There is no proof of work, only proof of spam. ๐Ÿ•น๏ธ MECHANISM ๐Ÿ•น๏ธ A Sui "epoch" is roughly equivalent to 1 day. Users send txs to increase their tx counters during epoch N, register their tx counters during epoch N+1, and mint $SPAM anytime from epoch N+2 based on the spamming they did in epoch N: - Epoch 0: user spams UserCounter.0 (UC.0) - Epoch 1: user spams UC.1, registers UC.0 - Epoch 2: user spams UC.2, registers UC.1, claims UC.0 - Epoch 3: user spams UC.3, registers UC.2, claims UC.1 - And so on ๐Ÿ› ๏ธ IMPLEMENTATION ๐Ÿ› ๏ธ - Single-writer `UserCounter` objects are used to track the number of txs sent by each user within one epoch. - When that epoch ends, the user registers their `UserCounter` in a shared object, so that the total number of txs in the previous epoch can be calculated. - After that next epoch (registration period) ends, users can mint $SPAM coins in proportion to the number of txs they sent.
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