JUST IN: @coinbase HAS ADDED @Arcium / $ARX TOKEN TO ITS ROADMAP. THIS WILL BE THE BIGGEST TGE OF THE YEAR!
#SOLANA ⚡️ https://t.co/EDZoog02Mn
JUST IN: @coinbase HAS ADDED @Arcium / $ARX TOKEN TO ITS ROADMAP. THIS WILL BE THE BIGGEST TGE OF THE YEAR!
#SOLANA ⚡️ https://t.co/EDZoog02Mn
i wrote about $ARX (TGE coming soon) @arcium but this time i want to bring to surface @zinc_cash
it is now the 3rd highest revenue-generating protocol on @solana acc. to defillama (24hr)
zinc is a mining game where ppl deploy $SOL into timed rounds, pick from 1 to 30 tiles, & wait for one tile to win
if they hit the winning tile, they share the SOL from losing tiles based on how much they put on that tile
they also get $ZINC rewards using the same logic, so the whole thing feels like mining mixed w/ a round-based SOL game
the protocol uses arcium confidential compute
which btw, its chart looks kinda hot
in q2 of this year for example it made $1.7M in gross revenue... that's quite decent for a project, only in one quarter
btw, the token is only 1 month old, x account only has 7k, token is at $3.3M mcap, i mean there are some good starting numbers here...
here are other numbers by the protocol:
- $20M+ in total round volume
- spent 21,500 $SOL in $ZINC buybacks
- $ZINC melted (burned) 40% of lifetime minted supply
- over 800k arcium encrypted computations (when i wrote about it may, it had only 70k+ processed...)
revenue here means the SOL zinc keeps in its treasury & buyback vault.
holders revenue is the SOL later used to buy $ZINC.
then 90% goes to burns & 10% goes to stakers.
so the game loop is also tied to a buyback/staking flow, not only round rewards... 🤔
⚠️ if this is your first time reading about Arcium, i have a more general thread here:
https://t.co/pwmpMtGpSY
⚠️ thread on $ARX:
https://t.co/H2wFFLt2Gt
i don't think normal/web3 users/degens care about MPC, encrypted compute, or cryptographic papers
they care if they can move money, trade, vote, or use AI w/o exposing everything
that's @arcium $ARX .. and they recently released this update about their encrypted ecosystem & more! 🧵👇
points:
→ arcium shipped before $ARX
→ the apps are the proof
→ the token $ARX has a job
→ AI might be the bigger bet
⚠️ if this is your first time reading about Arcium, i have a more general thread for you here:
https://t.co/pwmpMtGpSY
▫️arcium shipped before $ARX
i went through Arcium's pre-TGE update & the main thing i got is pretty simple.
they waited until the network had live apps before pushing $ARX out, which is imo, the right way.
Arcium is already live on Solana Mainnet Alpha, @UmbraPrivacy is already public, & ecosystem teams already raised $7.5M+.
that matters because a lot of tokens launch first, then ppl wait months for something real to happen... we were all tired of that crap.
here, there is already some
☂️ Encrypted Updates #2
Here’s everything that happened in the @Arcium ecosystem in June so far:
- Arcium network surpassed 1,000,000 encrypted computations
- Arcium's Explorer went live, allowing users to track ecosystem metrics in real time
- @UmbraPrivacy went live with the web app
- Umbra partnered with @streamflow_fi to launch confidential vesting, targeting the $97B token unlock market
- @epochdotm released private sportsbooks
- $ARX, the upcoming Arcium token TGE, was added to Coinbase's listing roadmap
- @craftsdev’s first equity-linked ICO ( @refihub ) concluded, but didn’t meet the $400k raise target
- Arcium published the Cerberus Whitepaper
- @zinc_cash surpassed $21,000,000 in protocol volume, and now sits among the top 10 protocols on @solana by revenue