💡 @MantaNetwork and @Arbitrum Foundation serve different purposes within the blockchain ecosystem. Here’s a comparison of the two:
🎯 @MantaNetwork and @Arbitrum Foundation aims to address existing issues such as scalability and security. Even though the end goal they want to achieve is similar, their approaches are completely different.
• Manta Network is a modular blockchain ecosystem that focuses on zero-knowledge (ZK) applications and improving user privacy and scalability: 
• Arbitrum offer faster and cheaper transactions to solve Ethereum’s scaling problem.

🎯 #Arbitrum is currently the L2 Giant but if we talk about the opportunity difference #MantaNetwork has more opportunity. The $MANTA price would be at $10 when it reach the same marketcap of $ARB .

•Arbitrum Rank: #35
•MantaNetwork Rank: #163
•Rank difference: (366%) higher than Manta.
•Arbitrum MC: $3.75B
•MantaNetwork MC: $442.46M
•Marketcap difference (748%) higher than Manta.

🎯 You cant beat scarcity that's why the higher the supply, the lower the _______??
•Arbitrum: 10B
•MantaNetwork: 1B
•Supply difference: (900%) higher than Manta.
🎯 Regarding the Community and Adoption Arbitrum has gained significant traction within the Ethereum community, with numerous dApps already leveraging its #Layer2 solutions while @MantaNetwork is Still building its community, with a focus on privacy advocates and developers interested in confidential transactions. The arbitrum chain leads the industry and got supported by ethereum talented builders and passionate community while MantaPacific is growing faster and gaining significant attention for the past years.

•Arbitrum TVL: $13.71B
•MantaNetwork TVL: $770M
•TVL Difference: (1680%) higher than Manta.

🎯 Revenue and Cost Trends Over the Year: @MantaNetwork may have a lower revenue compared to other L2 Giants, but it remains competitive in terms of a lower cost ratio. It is the ONLY L2 that has maintained a cost lower than 20% from it's revenue.

• Arbitrum: 62%
• MantaNetwork: 18%
• Revenue and Cost difference: (44%) higher than Manta.

🎯Total Gas fees Saved:
•Arbitrum- $3.32M
•MantaNetwork - $13.95M
•Gas Saved difference: 420% higher than Arbitrum.

🎯Active wallet address:
•Arbitrum: 1.44M
•MantaNetwork: 1.76M
•Active wallet difference: (22%) higher than Arbitrum.

🎯The YoY growth rate active address of TOP L2's.
•Arbitrum: 94%
•MantaNetwork: 1174%
•YoY difference: (1080%) higher than Arbitrum.

🎯 Total Transaction:
•Arbitrum: 1.37B
•MantaNetwork: $76M
•Transaction difference: (1703%) higher than Manta.

🎯 Average Transaction Fee in the last 24H.
• Arbitrum: $0.004
• MantaNetwork: $0.000
• Transaction Fee Difference: (300%) higher than Manta.

CONCLUSION: The data gathered here are from top Layer 2 platforms that provide transparent and verifiable insights into their growth potential. Please note that this information does not constitute financial advice. While both platforms boast unique competitive advantages, their primary focus is addressing Ethereum's scalability issues rather than competing with each other. Notably, #ARB and Manta Network still have ample for growth and development. underscoring their promising prospects in enhancing Ethereum's ecosystem.
#MANTA #ARB

Global asset management firm Brevan Howard is taking over a hedge fund spun off from crypto investment company Dragonfly Capital.

Brevan Howard, which manages more than $30 billion in assets, has entered into an agreement to assume control of Dragonfly’s “Liquid Opportunities” fund, according to unidentified people cited by Bloomberg.

The long-short strategy fund was established in June 2021 and managed by Kevin Hu, Ashwin Ramachandran and Lawrence Diao. Hu’s LinkedIn profile describes his current role as Chief Investment Officer at Nova Digital, a Brevan Howard fund. Liquid Opportunities will operate under Brevan Howard’s crypto and digital assets division, compatible with its active trading approach, Bloomberg reported, citing people familiar with the matter.

An internal Dragonfly document reviewed by Bloomberg said: “After extensive discussions, we decided that Brevan Howard, one of the largest hedge funds in the world, was the right long-term home for Kevin and his team.”

Kevin Hu’s move from Dragonfly to Brevan Howard, alongside the rest of its liquid strategies team, was reported by The Block in January, with a focus on investing in listed digital assets based out of the firm’s new Abu Dhabi office.

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

#bicasso #bitcoindifficulty #Arbitrum

Non-fungible token (NFT) artist Mason Rothschild has been keeping busy since his provocative MetaBirkins project pierced the cultural mainstream and grabbed headlines after Hermès filed a trademark lawsuit against the project.

The NFT collection of 100 furry digital handbags named after Hermès' signature Birkin handbag was released in December 2021 as a commentary on the fashion industry's embrace of alternative textiles. This raised the ire of the French luxury house, resulting in a years-long legal battle that challenged the limits of art and trademark law.

The 28-year-old artist, whose real name is Sonny Estival, told CoinDesk that the lawsuit represented a battle not just over Web3 technologies, but also over the future of art.

"Just because it's an NFT doesn't mean it's not art," he said. "An NFT is kind of the vessel and the artwork that it's attached to is the art."

The jury ultimately ruled in Hermés' favor last month, though he and his legal team have appealed the decision and have pledged to continue the fight for artistic expression.

Dusting himself off, the Los Angeles native has continued to create art, curate fashion and advise brands in Web3. He continues to split his time between Terminal 27, a retail concept located in Los Angeles and Tokyo that he co-founded in 2020, and Gasoline, his creative studio and full-service Web3 branding agency he launched in 2021.

Gasoline's latest NFT collection, titled "This Artwork Is Subject to Change," launched as an open edition on Manifold last month. Priced at an affordable 0.008 ETH (about $1.35 at the time), 10,987 dynamic NFTs were minted. Interest on secondary markets quickly picked up, and the project has a trading volume of 931 ETH (just under $1.7 million) so far. At the time of publishing, the collection's floor is at 0.04 ETH (about $72).

Fueling creative ideas

Rothschild has been stoking the proverbial fire since he created his artistic moniker over a decade ago. As a kid, he was "deep into conspiracy theories," with both "Mason" and "Rothschild" referencing fringe conspiracies about secret societies and powerful people. "I've literally been going by it since I was 11 or 12," he said.

Over the past few years, Rothschild has expanded his creative endeavors and integrated NFTs into his artwork, often blending elements of design, realism and social commentary. "Everything I do is kind of ironic or taking a jab at something," he said.

In January 2021, he founded Gasoline as a "disruptive creative studio" focused on Web3. His first NFT collection was titled "Do Not Sit," and featured chairs that could not be used for sitting. His next NFT, the predecessor to the MetaBirkins project titled "Baby Birkin," features a handbag with a fetus inside of it. It sold at auction for $47,000.

"I knew that this was something that was going to be massive," he said of his move to create NFT art.

Gasoline has since expanded its offerings and has partnered with major brands on special projects. Last week, it announced a partnership with Ledger to produce a gold hardware wallet – the new "gold standard" for crypto, it claims.

According to Gasoline's recently released whitepaper, Gasoline plans to expand its ecosystem through partnerships with global brands, focusing on driving artistic value that allows Web2 brands to authentically enter Web3. This includes plans for NFT projects, memberships, physical activations and rewards.

"In 2023, we are betting AGAINST 10k cartoon animal collections and betting ON art, access and onboarding some household names into the space with more than just a one and done drop," it reads, a dig at PFP collections like Bored Ape Yacht Club. According to the whitepaper, Gasoline already has over a dozen collaborations scheduled for this year and received "close to seven figures in outside funding" to start its business.

"We do not have to rely on a community treasury, bolstered by royalties, to deliver," it reads. "We believe Gasoline will create the new standard for what it means to be a part of an "'NFT project.'"

Rothschild said this approach to NFT creation allows him to exert creative freedom over his projects and build out the Gasoline ecosystem while working with major brands to expand their intellectual property (IP).

"When I see projects today, I see them kind of get a little stagnant when their only strength is their own IP," he explained. "What our solution is ... we'll do about four projects a year, and [collectors] get access to all those. They'll all be in our voice. They'll all be in our style and level of quality."

This Artwork Is Subject to Change

This Artwork Is Subject to Change (TAISTC) follows the same satirical, tongue-in-cheek structure of Rothschild's previous Gasoline projects. As its name suggests, the artwork attached to the NFT metadata is "subject to change" at any point. Rothschild told CoinDesk that the title also encompasses the ethos of what Gasoline is trying to do.

"It plays into the whole ideology of what Gasoline is, which is constantly moving and evolving," he explained. "We wanted to have a project that constantly spoke to whatever the meta was ... we change that maybe weekly or bi-weekly, depending on what's going on in the space."

Taking inspiration from Jack Butcher's Checks VV and Opepen NFT projects, TAISTC deploys several interesting mechanics to differentiate its project from others in a way that feels fresh.

For one, the project plans to collaborate with several NFT artists to design its rotating artwork. Collectors have the option to "freeze" their NFT's metadata on an artwork that they like, resulting in a collection with evolving rarity that will reveal itself over time. However, users will not know which artist Gasoline has commissioned until the next artwork shift is made, shifting the focus to the art rather than the artist.

"We wanted people to really judge how they felt about something truly based on the art and not based on who's behind it," Rothschild said. "You always hear people say 'oh, we like the art' – yeah, right. You like it because people are hyping it up and it's pumping and the price is up."

The project will also feature a burn mechanism that incentivizes holders to "burn" their NFTs to collect smaller and rarer monetary increments. This gamifies the collecting experience and will impact the project's overall supply over time.

The idea of "burning" assets has been visually represented by the project in its promotional materials showing wads of money being lit on fire. On a more "meta" level, Rothschild said the project serves as an introspective on the evolution of money and the human desire to chase it. "If everyone is a millionaire, does it still feel special? It creates a race to adapt to the rapidly evolving value of the currency," the project states.

"I wanted to speak to how cryptocurrencies are kind of displacing traditional fiat and how it's the future," Rothschild added.

In the future, Rothschild said TAISTC will continue to evolve as holders play with the collection's supply and artwork. He also teased that the collection will be used as a "marketing opportunity" to promote other projects that Gasoline is working on. "Let's say we collaborate with a fashion company. We'll use the open edition and change [the art] to promote what's going on with that," he said. "It's a massive tool for us."

In Rothschild's view, the NFT world needs to continue to evolve to stay relevant and onboard new users into Web3. "I think the best thing for Web3 is really to encompass access," he said. "Rarely does humanity move backward when it comes to technology."

Edited by Toby Leah Bochan.

#Web3 #Arbitrum

Of all the altcoins in the crypto space, the #Ethereum price has been the one that has closely followed the performance trend of #bitcoin . The digital asset has been able to break above the $1,800 level multiple times, leading more investors to take profit.

But even more importantly, the on-chain data shows increased adoption of the cryptocurrency. ETH exchange withdrawals hit 3-month highs. Adoption is not far behind either, as the network has seen an increase in the number of new addresses created.

This metric also recovered to a three-month high as new ETH addresses increased. Importantly, the #Arbitrum (ARB) airdrop spurred blockchain adoption, as many rushed to take advantage of the new liquidity.

Sources consulted for metrics: Glassnode

Sales for Bored Ape’s Otherdeed metaverse land NFTs — easily the hottest virtual property brand around — have been booming during the first quarter of this year, closing in on $120 million in volume.

The rise in the collection's trading volume means Otherdeed tokens rank as the second-best-selling NFT collection during the first quarter of this year. Bored Ape Yacht Club, also tied to Otherdeeds and the Otherside metaverse platform-in-development, is the top-selling collection. Bored Apes and Otherdeeds are both a creation of the highly-touted NFT shop Yuga Labs.

This month, however, sales volumes for a lesser-known collection, also tied to a nascent metaverse platform called MG Lands, have been holding their own; even outpacing Otherdeeds’ sales at one point. However, it appears MG Lands’ rapid ascendance from relative obscurity might be, instead of a feel-good business story, another case of artificial “wash” trading.

How to spot a possible wash trade

“When we compare the highest sales of MG Land with those of Otherdeeds, there is a significant contrast in the duration between a buyer's first transaction and the sale for MG Land," said The Block researcher Brad Kay, explaining: "Out of the top 20 sales for MG Land, 19 of the buyers had their first transaction on the same day as the sale. In contrast, every single buyer within the top 20 sales for Otherdeeds have wallets created months or years prior to the sale occurring, indicating that the buyers and sales were not bots or wash trades like those found on MG Land.”

Wash trading is when assets are traded between wallets owned by the same individual or company. It can create not only artificial volume but also manipulate the price.

Those top 19 sales all closed between roughly $27,500 and $28,500 per NFT. For the month of March, MG Lands has amassed $27.1 million in trading volume, according to CryptoSlam. After a couple of days of strong trading, Otherdeed NFTs pushed past MG Lands and now have a total volume of nearly $30 million.

MG Land is a metaverse composed of 10,000 pieces of virtual land NFTs. The platform is designed to let people bring their character NFTs from different popular collections — such as Bored Apes, Doodles and Azuki — into its online world. People are then supposed to be able to customize their piece of virtual land and create a space to play games and trade. MG Land is based in Singapore and is part of the Metagame Group, which was founded by a Mr. Chennywong.

The Block contacted MG Land for comment but had not heard back before publishing.

A Blur halo effect?

LandVault CEO Sam Huber said during an interview with The Block that he can’t perceive any particular reason for MG Land to be performing so well, even if it’s trying to affiliate itself with top-tier NFT collections.

Last week, web3 data analytics firm DappRadar published — prematurely, because the end of the fiscal period is later this week — a first-quarter of 2023 report entitled “Virtual Worlds Soar: Record Land Sales Generate $311 million.” The report touted the three months while stating: “land trading reached an all-time high [during the quarter] with 147,000 trades. MG Land emerged as a top performer, making almost $60 million in trading volume and 45,219 in sales.”

DappRadar offered a caveat in its report: “The high level of trading volume is mainly because NFT whales use this NFT collection to collect BLUR tokens for the upcoming airdrop on the Blur NFT marketplace.”

Launched last year, Blur has been offering incentives to people willing to trade using its platform. Blur’s generous bonus plan aimed at wooing traders may have spurred some wash trading.

"While the volume of sales was split between Blur and Opensea, with 32.46% coming from Blur and 67.52% from Opensea in February, things shifted in March," DappRadar blockchain analyst Sara Gherghelas added in an emailed comment.

Over the past month, 70.36% of sales of that collection came from Blur while only 29.57% came from Opensea, DappRadar data shows.

"These trends confirm that MG Land has become a popular choice for NFT whales looking to farm on Blur,” said Gherghelas.

DappRadar’s arguably lackadaisical analysis of how well MG Land sales had performed appeared to earn the ire of at least one famous NFT watcher on Twitter. “Even the crypto media doesn't get NFT wash-trading," @Punk9059 tweeted, adding: "Article about how land sales are popping off, when it's all due to MG Land fake sales."

The Block contacted DappRadar for comment but did not receive a reply before publication.

Regardless of MG Land’s dubious trading volumes, LandVault’s Huber is pleased to see the recent uptick in trading volume, and he’s optimistic virtual land sales have a bright future — creating utility that drives people to major platforms like Bored Apes’ Otherside, The Sandbox and Decentraland is vital, he said.

“There’s been some exciting things happening with the metaverse in the Sandbox and Decentraland but I think the market is still down,” he said. “We’re not back into a gold rush just yet.”

© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

#Arbitrum #Web3 #bitcoindifficulty

Immersion cooling technology firm LiquidStack secured a Series B funding round of undisclosed amount from Trane Technologies (TT), the company said in a Wednesday press release.

The fresh capital will be used primarily to scale up manufacturing – with the startup aiming to announce a U.S. facility in the third quarter – research and development to expand the offerings, and commercial operations, said CEO Joe Capes. Currently the company's manufacturing operations are in Germany.

LiquidStack specializes in two-phase immersion cooling, in which computers are submerged in dielectric heat transfer liquid, as opposed to mineral oils used in other models. This type of liquid is more environmentally friendly to produce and less resource intensive than air cooling, currently the most common practice among bitcoin miners.

LiquidStack's two phase immersion cooling can reduce the energy and water footprint of crypto mines. (LiquidStack)

The two-phase solution can reduce a data center's carbon footprint by over 1,500 tons of carbon dioxide equivalents per megawatt (MW). Data centers will also see a 40% reduction in the energy use of mechanical equipment, 33% lower capital expenditure and 32% less land use, the firm said. "A broader adoption of LiquidStack’s technology can also reduce water usage for powering and cooling data centers by over 300 billion liters per year," the press release read.

Spending less on energy is a crucial selling point for bitcoin miners, whose biggest operational cost is electricity. According to Capes, for every MW of energy used for the actual computing, LiquidStack's solution uses 0.02 MW for cooling, whereas other options use 0.1 MW to 0.7 MW.

The Marlborough, Massachusetts startup started out in the early days of bitcoin mining in Hong Kong, before being merged into German miner Bitfury in 2015, and then going off on its own again in 2021. "We were the first company in the world to not only deploy immersion cooling for mining, but to also do it at massive scale," Capes said, referring to two Bitfury sites in Central Asia.

Later, during the crypto bear market of 2019, LiquidStack pivoted away from mining "because we didn't want LiquidStack to be tied directly to the price of bitcoin," Capes said. The company worked with Dell and Microsoft in those years, he added.

Today, however, the company's pipeline of crypto is larger than traditional data centers or edge computing sites, said the CEO. While technically the firm has more clients in the non-mining segments, those are smaller contracts, Capes said.

Still, at $7.2 million per MW of infrastructure, the LiquidStack solution is not cheap.

"What we're finding in our [crypto mining] industry is that you you either pay now, or you pay later," said Capes, making the argument that the miners who don't spend enough to bring their operating expenses down, later find themselves unprofitable.

Trane Technologies is a heating and cooling tech firm that's been around for roughly 150 years. The company had $16 billion in revenues in 2022.

LiquidStack’s technology "is raising the bar for sustainable data center cooling," said Trane's Vice President of Strategic Sales and Marketing, Commercial Heating, Ventilation and Cooling for Americas, Amber Mulligan. The company will help Trane achieve its sustainability commitments, she continued, among them "reducing one billion metric tons of carbon emissions from our customers’ footprint by 2030 and achieving net-zero emissions by 2050."

#BNB #bitcoindifficulty #Arbitrum

Yuga Labs completed a successful Second Trip last Saturday, providing members of its community with a preview of what’s to come in its Otherside metaverse world that is slated to launch later this year.

According to Yuga Labs, about 7,200 players attended the 90-minute trial run. Holders of the Otherdeed non-fungible tokens (NFTs) – a collection linked to land in the Otherside metaverse – were invited to join the experience, along with one guest each.

CoinDesk attended the closed event as a guest and was able to interact with other “voyagers” and participate in the action-packed storyline.

Tripping out

From the start, the experience was designed to transport players into a sci-fi fantasy world that combined elements of popular MMORPG (massively multiplayer online role-playing game) and NFT culture.

Users began the trip by entering the “Infinity Space,” an empty arena where voyagers could familiarize themselves with controlling their avatars and sending messages to other players. Voyagers were able to gather in small groups and speak to each other directly – a feature meant to mimic a “real life event,” in which players could only talk and hear others when in close proximity, said Yuga Labs chief creative officer Michael Figge.

Screenshot from Otherside Second Trip. (CoinDesk/Cam Thompson)

After about 20 minutes, large screens appeared over the Infinity Space and broadcasted a message from Bored Ape Yacht Club mascot Curtis, who was “hosting” the experience.

The ape character split the group into four teams based on colors and announced their respective captains: Luster (yellow) was led by Yuga Labs community program manager Lowbellie, Crimson (red) was led by Twitch streamer Brycent, Veldan (green) was led by Snoop Dogg’s son and NFT collector Cordell Broadus, and the winning team, Glacia (blue), was led by gamer Jimmy Wong.

Voyagers’ outfits transformed into their assigned team colors, and players began to assemble into groups. Moments later, a wormhole to the “swamp” opened, transporting players to their team area to complete tasks and earn points. The game involved several wacky directives, including gathering “magic blobs” to give to digital toads that shot flames from their mouths. All the while, voyagers could run, jump, fly and explore the multidimensional space.

Screenshot from Otherside Second Trip. (CoinDesk/Cam Thompson)

The winners of the game received “winged helmets” that Yuga Labs said would be airdropped to their wallets.

Showing promise

While some existing metaverse experiences are paired with poor graphics, lagging speeds and virtual spaces that are difficult to navigate, Otherside’s user experience was relatively robust and easy to use in comparison.

Notably, the experience was incredibly detailed and didn’t appear to have widespread congestion issues despite thousands of players converging on the space at once.

Feedback from players was generally positive, with many sharing optimism for the future of the platform.

Still, some users complained about connectivity issues and questioned the significance of several in-game artifacts that remain shrouded in mystery.

A public rehearsal for the Otherside

The gamification of the Otherside platform is a part of Yuga Labs’ broader strategy to build excitement and allow holders to familiarize themselves with the experience ahead of its official launch. Yuga Labs hosted the First Trip in July 2022, welcoming 4,600 players to the Otherside for the first time. Players that returned to the Otherside for the Second Trip are eligible to claim an Obelisk, a digital collectible to commemorate their adventures.

According to data from secondary marketplace OpenSea, Otherdeed NFTs have done 568,607 ETH in trading volume, or just over $1 billion. At the time of writing, the collection has a floor price of 1.67 ETH, or about $3,000.

Figge told CoinDesk that more Trips are being planned ahead of the platform’s official launch. Meanwhile, he’s focused on building out an ecosystem that will eventually be accessible at all times to token-holders.

“We're doing these grand theatrical experiences right now with First Trip and Second Trip, these are basically 90-minute big Broadway shows,” said Figge. “But we are taking all of that technology that we've been building and funneling it into a version of the Otherside that will be built and accessible with a higher level of cadence.”

Each Trip executed by the team provides feedback on the parts of the experience that worked and those that need fine-tuning. Spencer Tucker, chief gaming officer at Yuga Labs, told CoinDesk that the biggest takeaway from the Second Trip was that players want more intimate “breakouts” and community-building experiences to strengthen relationships with fellow voyagers.

“As we build in the future, it’s something we'll definitely take into consideration because you can have persistence, but you also need the ability to have your own sort of identity and form your own clique,” said Tucker. “As we explore what the persistent space looks like, we want to allow people to stop and smell the roses sometimes while still having really cool experiences that they can dive into.”

Yuga hasn’t yet set a date for its Third Trip. However, Figge and Tucker shared that in the coming months there will be more advanced experiences and opportunities for token holders to enter the Otherside.

Read more: See You on the Otherside: How Yuga Labs Is Bringing Its Billion-Dollar Business Into the Metaverse

#antiscam #Arbitrum

#Arbitrum #RoseonX #ROSN #ROSX

The new whitepaper gives a comprehensive overview of the upcoming features within the Roseon Ecosystem. It covers everything from the tokenomics of the ROSX token to the integration with Arbitrum. It provides a detailed analysis of all the enhancements that are currently in the works, giving readers an in-depth understanding of what they can expect from the Roseon platform. Here´s an abstract of the tokenomics on the new ROSX token.

Token Specifications: 

Ticker: ROSX

Blockchain: Arbitrum

Token Type: Governance

Total Supply: 200,000,000

Token Metrics:

Total Supply: 200,000,000

Token Type: Governance

Team and Advisors: 10% (locked for 12 months before vesting over 48 months)

Old Holders: 30% (fully unlocked) Investors: 8% (locked for 12 months before vesting over 36 months)

Rewards/DAO: 25% (vesting over 60 months after 5% release)

Partnership and Community: 12% (vesting for 60 months after 5% release)

Treasury: 15% (vesting over 48 months after 5% release)

Token Economics:

$ROSX is a governance token of the Roseon ecosystem

Offers access to all ecosystem services, discounts on platform fees, tiered loyalty rewards, and governance

Roseon Exchange ecosystem has three tokens: $ROSX, $eROSX, and $ROLP

Token Utility & Flow:

ROSX can be obtained through various methods such as providing liquidity, earning and vesting eROSX, purchasing on supported exchanges, or through platform rewards

ROSX holders can stake their tokens to receive a share of platform rewards

eROSX is a vesting token for ROSX and can be staked to claim the same amount of ROSX, which is unlocked over a 1-year linear vesting period

ROLP token allows users to back leveraged trades within the platform and holding ROLP tokens entitles users to a share of 50% of total fees generated by the perpetual exchange

Trading Fees and Buy Back:

Two trading types of fees: position fee and funding fee

VIP and NFT holders are eligible for fee discounts

Buyback model implemented to ensure stability in the supply of ROSX token

Up to 20% of generated fees will be utilized to purchase ROSX from the open market and distributed as rewards to stakers

Token Migration:

Conversion rate to convert ROSN to ROSX is 1:1

Migration guide will be published prior to TGE

Migration supported for LP holders and stakers

ROSN in Roseon App will be automatically migrated

The allocation of ROSX tokens is structured to support the growth and development of the Roseon project.

The team and advisors will receive 10% of tokens, which are locked for 12 months before vesting over 48 months. This approach ensures that the team is incentivized to work towards the long-term success of the project.

For old ROSN token holders, 30% of tokens will be allocated for swapping to the new ROSX token. These tokens are fully unlocked.

A total of 8% of tokens are allocated for strategic equity investors or token investors, with a lockup period of 12 months before vesting over 36 months.

To encourage user adoption and raise awareness of the project, 25% of tokens are allocated towards rewards for staking programs, DAO, and other promotional campaigns. These tokens vest over 60 months after a 5% release.

For marketing efforts, including community partnerships and loyalty programs, 12% of tokens are allocated. 10% of total tokens will vest for 60 months after a 5% release, while 2% of total tokens are allocated for KOLS and contributors at the beginning, vesting and not unlocking at TGE.

To support continued development and future expansion of the business, 15% of future reserve tokens are allocated to the treasury. These funds will be used to enhance the application and achieve the goal of bringing mass adoption of DeFi. These tokens will vest over 48 months after a 5% release.

Overall, the token allocation is designed to support long-term success, growth, and development of the Roseon project while incentivizing stakeholders towards its vision.

DeFi Project On #Arbitrum Needs More Breakthrough.

7 my honest take on the platform and what could make it truly exceptional -

@CamelotDEX

I. Introduction

The project is a blockchain-based platform that uses AI to automate data-

related tasks, by extracting data from human-generated documents like

financial statements and contracts.

Looking for a customizable and versatile decentralized exchange? Look no

further than Camelot.

As a native DEX on the #Arbitrum ecosystem, @CamelotDEX prioritizes ease

of use and flexibility for its users. Plus, you can tailor protocols to fit your

unique needs.

Camelot Technologies Inc. created the project, which is a blockchain and

cryptocurrency platform. The platform is intended to enable decentralized

financial services such as payment, lending, leasing, and investing.

This platform uses a unique AMM paradigm for trading and swapping tokens

and stablecoins. The dynamic directional fees allow customized pool setups

for specific trading pairs.

Camelot's tech has a POS network and smart contract framework for safe

decentralized financial services. They'll partner with other initiatives on the

Arbitrum ecosystem to drive innovation, operating independently from DEX

exchanges like @Uniswap or @Sushiswap.

II. Ecosystem

Dex Exchange

CamelotDEX's main product is AMM, which has a dual-liquidity system. It

reduces slippage while trading high-volatility and low-volatility currency

pairings.

AMM proposes "variable transaction costs" dependent on market

circumstances and the protocol’s own intents.

This approach enables tailored fees for each currency pair, computed

differently depending on the purchasing or selling direction.

Users with Dual-Liquidity may trade any asset on @CamelotDEX’s platform.

Camelot also presents the Dynamic Directional Fees model to adjust

transaction fees based on time and market circumstances.

Lastly, there's a referral code that allows customers to promote friends and

collect a portion of their transaction cost.

Camelot's new liquidity model uses #spNFTs (Staked Position

Non-Fungible Tokens). Each LP has a unique stake position that can be

minted into an NFT. Advantages include:

• Unique ID

• Save all of the user’s position parameters, such as the number of tokens

• Token APY value and lock time using Multipliers Point.

Yield Farming: Double Your Rewards

Supply liquidity to @CamelotDEX using dual liquidity and get rewarded 80/20

through $GRAIL and $xGRAIL incentive programs. Don't miss out!

Nitro Pools are liquidity pools made of locked LPs or spNFTs with set unlock

dates. Users, projects, or Camelot can establish Nitro Pools.

@CamelotDEX may provide this service for projects looking to build a pool

with ample community liquidity.

Users can still contribute, withdraw, or harvest rewards while using the Nitro

Pool. Developers must follow certain factors that favor holders and genuine

project contributors:

• Provide minimum #spNFT quantity when staking

• Set minimum lock time or unlock date

• Specify eligible wallet addresses for pool participation

Lift-off with CamelotDEX's Launchpad!

New projects in Arbitrum can launch tokens directly to the community

through Launchpad, built into CamelotDEX's UI.

Six successful projects, including GRAIL token, have already launched.

Genesis Pools

This is a liquidity pool built with the goal of increasing liquidity for partner

projects in @CamelotDEX through Liquidity Farming. The majority of the

incentives, however, are paid in tokens depending on that project and some

$GRAIL + $xGRAIL.

xGRAIL Plugin:

• Users can design and integrate plugins in the ecosystem.

• Dividends Plugin redistributes protocol revenues to users as $xGrail.

• Yield Booster allows users to stake their $xGRAIL for greater profit.

• Community Plugins are available but must adhere to technological

constraints set by @CamelotDEX. Use caution before allowing new contracts

to prevent losses.

III. Token

CamelotDEX has two tokens, $GRAIL and $xGRAIL, which users can farm.

Converting $xGRAIL to $GRAIL requires vesting, while the reverse conversion is

unrestricted.

The Dual-token System helps Camelot regulate supply and demand, ensuring stability.

Users transitioning to $xGRAIL can earn extra incentives and interest.

Camelot ranks first alongside @UniSwap V3 in the Arbitrum system's DEX array.

Revenue comes from transaction fees, Launchpad projects, and partners using

@CamelotDEX products.

Income will be distributed proportionally among liquidity providers (60%), $xGRAIL

holders (22.5%), $GRAIL buyback and burn (12.5%), and core contributors (5%).

CamelotDEX uses two tokens:

$GRAIL (liquidity token)

$xGRAIL (profit-sharing token, empowers DEX)

Token Release Schedule

$GRAIL (blue) and $xGRAIL (green) will be assigned on a three-year cycle, as

illustrated below. $GRAIL has 31% of the market’s initial floating tokens, while

$xGRAIL has 5%.

$xGRAIL is a token earned by farming on CamelotDEX.

Users can convert $xGRAIL to $GRAIL at 0.5 GAIL for every 1 $xGRAIL within 15

days or 1:1 after 6 months.

$xGRAIL enables platform voting and some transaction fees are used to acquire

and burn $GRAIL tokens.

$xGRAIL cannot be transmitted or exchanged, while $GRAIL can be freely traded

and swapped for $xGRAIL. This technique helps reduce selling pressure on $GRAIL

by incentivizing support through $xGRAIL.