Over the weekend, I did some research and saw that Dao5 invested in a new project. I was very excited at the time because this VC has a very impressive historical performance.
Movement is amazing. It was the earliest investment in the Pre-seed round, EigenLayer was also among the earliest in the seed round, AltLayer was involved in the strategic round, and Story entered in round A (round B raised $80 million with a valuation of $2.25 billion). There are also Berachain, Sahara, and Lombard, all of which were early investors.
These big players are all top projects on Binance, so Dao5 holds a high position in my heart. I believe you will feel the same after seeing it.
✨ This time Dao5 invested in @Duck_Chain, which is the first Consumer Layer on the Ton chain, aiming to bring billions of Telegram users from off-chain to on-chain.
It has low financing, but it is quite interesting. Among the top 10 projects in the Ton chain ecosystem, Duck_Chain is the only real application, while the others are all silly little games with serious homogenization.
I believe Movement brought the Move language to Ethereum, while Duck_Chain brought Ethereum to Ton + Telegram.
I wrote the interaction tutorial today. Let's research together; it could really be an underrated opportunity.
🌈 Project Background
DuckChain was established in 2024. It is the first consumer chain on the EVM-compatible Ton Telegram chain.
In addition to receiving investment from top US VC Dao5, it also received investment from Arbitrum's parent company, Offchain Labs in the US (this is Arb's first investment in a project outside the Ethereum ecosystem).
Investors also include the well-known Japanese venture capital Skyland Ventures, early investment institutions in Ethereum, and important supporters of the TON chain, Kenetic Capital, with a total financing of $5 million.
🔹Though the financing amount is not high, the lineup looks quite good to me.
🤠 Founding Team
The only regret is that the founding team has not yet been made public, but the first criteria for these VCs is face-to-face interviews with the founding team. Since it has passed the review of these major VCs, I am not worried at the moment. If you are concerned about risks, you can choose not to participate in the airdrop.
🚀 Token Issuance Time
According to DuckChain's official roadmap, it is clear that tokens will be issued in January next year, meaning we only have a month for interaction, which is actually quite efficient, quick, and straightforward. I like it.
In the token economy, the community and ecosystem allocation is 77%, while the team only allocates 23%. If the airdrop is generous, this will definitely be a big deal.
🔰 Airdrop Interaction
I was worried that snapshots had already been taken and I couldn't participate in the airdrop, so I spent the weekend deeply exploring DuckChain's documentation. I'm 100% sure I can still farm tokens, so saving money to farm points is the way to go—simple and straightforward.
1⃣ Log in to the official website to stake.
https://bridge.duckchain.io/nest?inviter=0i5v4c
Using the invitation code will give everyone a 5% points bonus, invitation code 0i5v4c.
Additionally, I recommend using the @wallet OKX wallet, which offers an extra 150 points reward.
Click Stake To Earn to enter the deposit interface.
I have chosen to stake ETH assets on the Arb chain, and everyone can also choose assets from the Ton chain, as long as you're happy.
2⃣ Deposit Rules (Important)
Withdrawals: You need to wait until January after DuckChain's token generation event to withdraw. I have staked ETH from the Arb chain, treating it as holding tokens.
Points: The item is called an egg, for every $1 worth of staked assets, you can earn 3 eggs per day. I deposited 200 U, which equals 60 eggs (estimated to be a 1:1 exchange with tokens).
The official staking documentation is as follows.
https://duckchain.medium.com/duckchain-new-era-stake-to-earn-stars-and-eggs-52bd1c808384
✅ Summary
🔹Few have written tutorials on saving money for DuckChain's mainnet interaction; venture capital institutions are strong, and I love to play with niche projects.
🔹The official has clearly stated that tokens will be issued in January, so I have deposited a batch of ETH in my hands. I personally prefer projects that can issue tokens quickly without PUA.
🔹Since withdrawals can only be made in January, I'll treat it as forced savings. Friends who mind should not deposit, and do not deposit money that you need urgently.
I hope DuckChain, the first consumer chain on the Ton chain, will provide good returns for us airdrop hunters. I have already invested, do not let this opportunity go to waste.
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