@LowHashi
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MSc. Exercise Physiologist + Strength Coach. Gamify fitness, tokenize business, decentralize finance
Joined October 2021
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lowhash.hl retweeted
KNTQ is down 60% on news that instead of an inflationary airdrop diluting existing holders, airdrop recipients receive only an option to buy at $0.26 (a 7% discount to current prices).
How is this not bullish news? Added some KNTQ at these prices.
km
Today reminds me a lot of the response to Hyperliquid’s introduction of “L1 points” just before summer of ‘24. Hyperliquid was absolutely torched that day, by many of the biggest names in the industry. (Enjoy the comment section, a nice stroll down memory lane)
Having been a user since May of 2023 and seeing they had just announced HyperBFT + HyperEVM, I knew what this meant: Hyperliquid may have started as a perpetuals DEX, but was being setup to cater for something an order of magnitude greater; an entire ecosystem and beyond.
This may upset you, but @Kinetiq_xyz is no longer purely a liquid staking protocol. It is equally set up to cater for an exponentially greater outcome.
We are at the bleeding edge of exporting Hyperliquid’s greatest product via @Markets_xyz to a global userbase who may have never heard of a blockchain, and now at the precipice of ushering in a new era of Hyperliquid’s general purpose capabilities via @Enter_Elysium to users and builders who are about to see what happens when you build an extremely performant general purpose layer on top of the most liquid, utilized financial application onchain.
KNTQ is at the epicenter of every single Kinetiq product from staking, to Markets to Elysium, and always will be. This is further cemented by publicly ensuring any and all value that accrues from the entirety of Kinetiq’s product suite is directed solely to it.
Back to work
When Hyperliquid launched, the goal was to become the best perps DEX. Today, the vision has expanded to that of an entire financial ecosystem, starting with native spot trading and deployment through HIP-1 and HIP-2.
The L1 season of points starts today to reflect this growing ambition and welcome new use cases. 700,000 points will be distributed weekly for 4 months. The first snapshot will be for May 29-June 4.
Points criteria will be updated on a recurring basis. Distributions will be based on weekly activity ending Wednesdays at 00:00 UTC and take place on Fridays. There will be 1:5 affiliate points matching. Affiliates will need to reapply.
2,000,000 points per week will be distributed for activity from May 1-28. This bonus multiplier is to reward organic usage.
I’ve been a farmer & buyer of $KNTQ since day 1 of the protocol and TGE.
The most angry people are those who lost money doing meaningless volume in Markets and remain unallocated because they expected a free bag.
@Kinetiq_xyz won’t die just because you didn’t get free money.
I'm not the right person to ask on the kinetiq:native airdrop here tbh because I'm clearly biased
All the kPoints I received were by just staking kinetiq:native and holding a little kHYPE, I basically did nothing special or intentional outside of the usual to "farm" them.
So from my perspective as a kinetiq:native buyer here, I'm like cool, buying some more at a discount to spot for really not doing much.
And for reference, if I really wanted to, I still could have just went and exercised at $0.26 and sold higher here and locked in a free $10,000 or so profit, which wouldn't be bad in airdrop world.
This is a very common way of doing things at big tech companies with stock options etc. Pretty new concept for crypto though so better education/communication or expectation setting would have helped a ton.
If you're an existing holder/investor and didn't want to get a massive supply increase that historically gets dumped, you're probably pretty content here.
If you're a guy who was intentionally trying to farm @Markets_xyz volume to get his allocation and didn't buy any, then you're justifiably pretty upset and disappointed.
I will say there though that intentionally trying to "farm" airdrops still comes with risks, you can't just expect to provide less value to the token than the equity you'll receive back every time. You have a cost of farming and hope that you read the tea leaves well and think the team will reward that cost more. Same thing happens all the time with Pendle YT speculators.
There's guys out there still farming a future TradeXYZ airdrop and paying real fees for something that, imo, will never come
End of the day, I'm buying more because it's a chance to buy lower, if you are disappointed or feel betrayed then I can sympathize there too.
I never really factored the airdrop into my bull or bear case. Supply comes on market, price finds its level, fundamentals prevail.
Honestly, as I said in my $HYPE S3 airdrop post, I kinda hate the expectations placed on tokens for these airdrops past the first round these days. Like these are real cash flow generating companies now, not memecoins. They need to be run like companies, and there's a fine line between onboarding new users and dilluting existings ones
I was buying north of $0.40 yesterday after the Ascend news, maybe I'll get the chance to buy south of $0.30 today. It'll all be good entries for where I think price is headed.
Not great for farmers, but a lot of those farmers would have dumped on you anyway.
Decide if you actually believe in what @Kinetiq_xyz is building.
If you do, the sale price won’t matter in a few months.
Replying to @Kinetiq_xyz
A total of 36,800,000 kPoints were distributed through this program. kPoints holders who participated have been allocated 50,000,000 KNTQ.
kPoints holders may acquire KNTQ at a fixed price of $0.26/KNTQ for a 10 day claim period.
Any unclaimed KNTQ at the end of the 10 day claim period will be returned to the Kinetiq Foundation [@KinetiqFND], allocated towards ecosystem and growth.
koolkrypto explains his $KNTQ bull thesis
“The HyperEVM, with its big blocks/small blocks infrastructure is just slow and the team doesn’t pay that much attention to it. This is why it will take Hyperliquid a long time to do onchain options. They are a small team of 12 people, probably the best team in the world but they don’t have the bandwidth to go build something else right now”
“Kinetiq is stepping in to build a more performant L2. It will probably be the first time an L2 is actually going to be useful to the main chain. It will burn hype as gas and it will burn a bunch of $KNTQ with it”
“Also their founder, Omni, is probably one of the best founders in the space. Just because he really understands vibes and users. If you want someone to go build you a perp dex, you want Jeff, if you want someone to build you a community, you want Omni”
lowhash.hl retweeted
Jamie Selway (SEC Director, Division of Trading & Markets) on @BloombergTV
"Tokenization & crypto have been politicized recently. But it's not naturally a politicized function . . . Success of the country in terms of developing these markets should have good bipartisan support."
I genuinely believe kinetiq:native hits $5+
@Kinetiq_xyz team has been cooking since Day 1
Testnet for @Enter_Elysium goes live tomorrow.
Documentation: kinetiq.xyz/docs/elysium-tec…
More tomorrow at launch.
Will not dive into details but 2 out of 2 builders on @Enter_Elysium will use big chunk of their revenue to buyback and burn $KNTQ
So I'm asking you again - are you sure you want to trade dogshit or it's better to buy potentially strongest project and log off?
lowhash.hl retweeted
“I don’t necessarily think kinetiq:native hitting $1 is more likely than it was before.
I just think that if there is a bullish move, it’s now $5.”
@koolkrypto223's Kinetiq bull case, explained.
(Also, listen for some @Markets_xyz alpha at the end 👀)
🎙️ New @Edge_Pod
🐂 Kool Krypto: The Story Behind The Anon DeFi Investor & Trader | What He's Betting On This Cycle
0:00 - Intro
2:25 - From mining BTC at 13 to fund manager
5:25 - Early to ETHLend and DeFi
7:38 - The poker game that led to a fund
10:26 - Is TradFi “in the arena” with DeFi?
14:17 - Early to onchain perps like GMX, HL
20:13 - Liquid fund, yield gen, and a little VC
23:28 - Why Kool doesn’t trade memecoins
28:01 - The DRV bull thesis
41:14 - Kool’s winning BTC call spread
45:58 - Pros/cons of Derive’s RFQ trading
50:14 - AI agents, a tailwind for options
52:50 - His onchain options trading tools
56:29 - Pros/cons of options vs perps
1:02:37 - Managing risk and closing trades
1:05:35 - Why Opulent October makes sense
1:11:12 - His viral ETH call spread on Derive
1:17:38 - Bull thesis for KNTQ
1:25:07 - Derive V3’s ability to list new markets
1:28:31 - What if HL/Lighter launch options?
1:34:19 - Why Kool remains bullish on LIT
1:38:24 - Closing
🙏 Thanks to @koolkrypto223 for joining us!
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Now lets compare @Kinetiq_xyz at $65mc generating $500k monthly in revenue with others:
Cardano — $8.0B valuation / ~$35K monthly revenue
Stellar — $6.2B valuation / ~$39K monthly revenue
Polkadot — $2.0B valuation / ~$0 monthly revenue
Algorand — $0.8B valuation / ~$500 monthly revenue
Filecoin — $0.7B valuation / ~$74K monthly revenue
Internet Computer — $1.5B valuation / ~$140K monthly revenue
Aptos — ~$1.5B valuation / ~$95K monthly revenue
Original tweet & one other was deleted by scammers before I was able to reclaim control of my Twitter.
I was scammed for over 500k yesterday, most of what I have. Malware & social engineering.
Resharing for awareness, or for anyone that can help.
Replying to @LowHash
I had spoken on and off for months with a person called "Seenthereum" about alpha, opportunities, etc.
He would tell me time to time about an investment group he was in that got early access to polymarket investments and other projects at lower valuations before TGEing.
I’m well aware that this is a result of my own poor judgement.
I made this post for anyone who might find themselves in a similar situation.
Blocking anyone that lacks basic human empathy.
This quoted post is unavailable.
Someone launched a pump.fun token to help me get back on my feet, fees directed to my (safe) wallet.
I appreciate the help..
pump.fun/coin/DFLWWwNzmTLS3V…
Both of these wallets were drained:
Sol - RHgEJ3WAozxqjBsRkHxERv1t5z59tFFdSQG7sGXSvKb
HyperEVM -
0xd3EE73F2b06af13D8aE43f58d9AC5330ee1ff51e
Everything gone.
If you know anyone that can help, please put me in touch
@_SEAL_Org @zachxbt