Joined November 2021
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Trayzer retweeted
In 2008, 30-year-old actor Justin Long went out for drinks at a bar while filming a movie in Michigan.
He ended the night jumping out of a moving car to save his life.
At the bar, two local men recognized him and invited him to a casino. On the way, they stopped at their condo and pressured him to smoke what he thought was marijuana from a bong.
He said it tasted like chemicals. Almost immediately, his mind stopped working. He later suspected it was laced with PCP.
The men hadn't smoked any of it.
Justin begged to be taken back to his hotel. The men agreed, but once he was in the car, they said they had one more stop to make.
They talked about filming him high and selling the footage to TMZ. They kept asking how much cash he was carrying.
Justin was so disoriented that he could not figure out how to use his phone. But he could see the car was heading in the wrong direction.
Then it drove straight past his hotel and ran a red light. Justin opened the door and jumped. He rolled under the car, and it ran over his leg.
He got away, but the injury left him with permanent nerve damage. He never called the police.
Oh Claude, I told you to audit as many time as necessary to fix it for real. Why did you stop before there was ego at stake?
Just experienced having AI engineer my prompts and found it’s a way more insane boost to my AI game than I imagined.
Told it what I wanted to do in broad terms, and for it ask me questions to help it come up with the best prompt.
Went down an insanely helpful rabbit hole.
Insanity is doing the same thing over and over and expecting a different result.
Apparently just like burning $GNS over and over and expecting the price to go up.
But either the maff will start maffing eventually, or there’ll be 1 GNS left. Who’s going to hold it?
gTrade going hard.
$400K competition with 50% fee discount 🤩
1/ Are you an active trader on any of these venues? You’re now whitelisted 🎃
Enjoy 50% off trading fees while competing for $400K in rewards in the Trick or Trade competition.
Check your eligibility here: gains.trade/portfolio/gns-di…
Trayzer retweeted
Why I believe $GNS is a $1B+ coin 🧠📈
The perfect storm is brewing: Real utility, unmatched tokenomics, monster partnerships, and V10 around the corner.
Here’s why I believe we are a easy 30X from here 👇🧵
$2.3B TVL is no joke
In just 3 months, we’ve skyrocketed from $500M to $2.3B TVL, driving one of the fastest-growing restaking ecosystems.
What’s fueling this surge? 30+ active projects, cutting-edge DVN partnerships, and Kernel as the backbone of security on @BNBCHAIN.
From AI (@miranetwork, @aizel_network) to ZK (@ElectronZK, @KalypsoProver) and cross-chain solutions (@routerprotocol, @0xbridgeHQ), our ecosystem is expanding fast.
Here’s the inside story of how we got here:
blogs.kerneldao.com/blog/ins…
The Kaptain lays it out clearly in this thread
Still seeing people fade $GNS
Perfect—gives me more time to load up.
@gains_trade will outperform most crypto this year.
Let’s break it down. 🧵👇
I’m Canadian, and we’re getting played by Trump while our ‘leaders’ fail to understand these basic truths.
We are being ruled by morons while our utter weakness is being exploited.
FT.
Great analysis; don't fade this post.
Alright, time for some good ole $GNS shilling.
If you aren't aware. $GNS has moved towards a deflationary "burn" model almost three months ago.
The results?
1,445,243 $GNS have been burn in just 90 days or 4.33% of the supply or 17.56% per year.
Sounds a lot?
Well, almost half of that was burnt in just the last 30 days.
Yes, 702,302 $GNS was burnt in just a month.
That's a rate of 26.2% per year.
Sounds a lot?
Well, almost 2/3rds of that was burnt in just the last 2 weeks.
Yes, 441,303 $GNS was burnt in just 2 weeks.
That's a rate of 35.6% per year.
Sounds a lot?
Well, 60% of that got burnt in just the last week.
Yes, 260,856 $GNS was burnt in just one week.
That's a rate of 42.3% per year.
Sounds a lot?
Well, one fifth of that got burnt today.
Yes, 51,886 $GNS got burnt just today.
And that is just in the first 13 hours of the day.
That's a rate of 109.4% per year.
We're on some weird timeline where the burn just keeps going exponentially upward and i'm just sitting here, waiting till everybody else figures out what's about to happen next.
These extreme burn rates highlight a clear detachment between the price and the underlying fundamentals of the project.
Thanks to enabling the burn, @gains_trade is finally taking advantage from this market irrationality by implementing a mass buyback the likes of which is unrivalled by any project, DeFi or TradFi.
The rapid reduction in supply is causing a supply shock and it's already starting to show up (ever so slightly) in the charts.
In the absence of any news or developments, market makers tend to throw perp dex coins from last cycle into the same pot and arbitrage out any divergence in the price action between the different tokens.
You can see this when you look at the price chart below and see how $GNS' price action mirrored that of $GMX and $DYDX until basically last week.
Now $GNS has always been undervalued compared to these other tokens in terms of actual revenues compared to the market cap.
Diverting the revenue into buybacks that never can be sold back into the market instead of handing them out as dividends to investors is forcing market makers to re-rate $GNS at a higher multiple because keeping it tethered to the price action of its peers is simply becoming untenable in the face of the current supply shock.
$GNS is finally diverging upward and this will make it the first token to print higher lows followed by higher highs which will then draw in momentum traders and elevate the token back towards its ATH.
It was a very cold winter for $GNS holders, but it looks like from now on the burn will keep us warm.
And to add fuel to the fire, the founder, Seb, turned bullish and started to purchase tokens (214k $GNS) on the open market.
Are you fading the $GNS renaissance, anon?
I would think twice.
It’s easy to look at the $GNS chart and run, but this shit is no joke...
The protocol uses the fees it earns to buyback and burn from the open market.
At an insane rate.
Weak hands are being bought out. Slowly, and then suddenly there will be a supply shock.
At the current $GNS burn rate it will take less than 3 years to buyback and burn the entire supply, unless token price goes up of course...
Can anyone say supply shock?
