Sportsbettor, Investor, Financial Analyst, Crypto Investor, Chess Player, Casino Degenerate
Joined February 2016
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CryptoMadden21 retweeted
In-kind redemption and voting are coming for Robinhood Stock Tokens
With Stock Tokens TVL reaching over $170M and nearly $50B in DEX volume on the Robinhood Chain, we are getting more questions about what they are and how they work.
All Robinhood Stock Tokens are backed 1:1 with real shares in secure custody. And Stock Tokens receive the economic equivalent of dividends and corporate actions returns reinvested into their holdings.
In other words, when a new Stock Token is minted, we buy a real share of the company at the same time.
What about in-kind redemption and voting rights? Not yet, but they’re coming. Step one is to scale adoption of Stock Tokens. We’re actively working on redemptions for shares 1:1 with voting for eligible Stock Token holders on the roadmap. We know how to do this well: we run a shareholder engagement platform, Say by Robinhood, which allows shareholders to participate in actions like voting.
What about the technology? We built Stock Tokens to be composable, which allows developers to build new innovative offerings like we have seen the past few weeks, with many that we have yet to discover.
What am I the most excited about? Billions of people in the world don't have access to U.S. investment assets. With Stock Tokens, that era is ending. Any eligible customer with a phone and an internet connection can now get exposure to the most exciting market in the world.
CryptoMadden21 retweeted
Wow this is insane.
Stock tokens will now be able to vote.
You couldn't get a more $AI coded tweet
Board sit.
CryptoMadden21 retweeted
Ran some data analysis right before this pump to see which holder base is the strongest across the @longdotxyz ecosystem.
Funny enough, the top coins on this list were also the ones who went up the most after the fact.
There are gems all around us, you just have to find them and hold them tight.
I've been very clear about my positions on this eco:
AI/BONER/INU
CryptoMadden21 retweeted
NVIDIA is building the AI future.
We’re bringing its believers together onchain.
The force is growing.
CryptoMadden21 retweeted
fyi we had around ~10k new launches with the new pre-IPO feature release.
just imagine what would've happened if we didn't enforce ticker locks + client limits on new launches. we would've probably seen 100k launches within a single day.
this is where a platform becomes a product used by bots rather than real humans, who can't possibly filter through so many new assets. this ends up driving FOMO trades and chasing volume, which is not hard to inflate.
now also imagine what might be the effect of these launch limits constantly being tweaked with more demand coming in, esp once LONG will start scale very fast(hint concatenation of liquidity + flows into the best and most unique assets in the eco)
we are going to win so much that you'll get tired of winning.
next steps:
1. I want to apply filters that help users discover assets based on a variety of params (whale %, age, anti-fragility and some surprises). I think this is something we can innovate on as well. just better discovery.
2. we are actively monitoring any suspicious activity across all pairs. as I said, it's not hard to tweak our params. I don't see anything critical as of now, but we're already preparing some new params we can execute on with a click of a button, as soon as we feel like PNDs are becoming coordinated rather than organic market activity(remember AI nuked by 80%+ like 4 times)
3. As always, I think the best trading style on LONG is to find a team/project you think can cook and grow out of bad periods, help them out, and build a nice Longfolio of PVE assets. Keep in mind all of our top pairs were able to break ATHs or sustain value weeks post launch.
LONG.
CryptoMadden21 retweeted
call me delusional but i still think we look back at these prices and laugh
bullish on what’s ahead
CryptoMadden21 retweeted
Vlad gave us Tokenized Stocks and the Robinhood Chain.
LONG and AI will do the rest.
Ball up top 🏀
CryptoMadden21 retweeted
MARKET OPEN: Onchain BULL MARKET, The MEMORY TRADE is BACK, Anthropic S-1
Join on twitch to chat link below nitter.cf/i/broadcasts/1AJEmvkzQ…
CryptoMadden21 retweeted
Watch Nate, founder of @longdotxyz, in his interview with @notthreadguy!
There's some real alpha in this one 👀
Timestamp: 2:23:55
MARKET OPEN: Onchain BULL MARKET, The MEMORY TRADE is BACK, Anthropic S-1
Join on twitch to chat link below nitter.cf/i/broadcasts/1AJEmvkzQ…
CryptoMadden21 retweeted
Some very interesting alpha shared by @Natan_benish on @notthreadguy stream today on "The Last Crypto Meta" (including answers on a $LONG token) 🖖:
1. Nate is focused on building as many organic billion-dollar coins as possible, and not focused on volume.
2. Comparatively, taking the same approach as BlackRock to be constantly buying stock supply 24/7, much as what you see in the community vaults ($AI vault below)
3. #2 opens up a ton of opportunities, such as offering index funds and other financial products when there is a large enough vault
4. The reason why the CEO of HIMS is following BONER, or Vlad is following MEME, is because there's trust that LONG is behind them for their long-term support
5. Nate is actively reaching out to CEOs of public companies, and the recent activity is going to help with this mission of getting in their view
6. There are 4 reasons why LONG doesn't have a token
i) It would create a ceiling on the other assets; there would be no $AI with a LONG token
ii) A LONG token would require fees and attention to the token, and away from protocol assets
iii) Protocol fees are better off investing into growth of their launchpad assets, rather than squeezing capital out of the community to support the token
iv) No investors are pushing for a token launch
6. Next phases of success?
- $AI: Continually increasing liquidity so much that you can sell $1M tokens and only move the price 5%; the goal is to be tokenized NVDA; more plans to legitimize it as a new asset class
- $BONER: A great case study on a memestock of a company that could use the help, and the alignment can be special
- $MEME: Interesting to watch the counter-movement against the CEO and board of AMC
- $MOO: Similar to $AI, building reflexivity with the memory trade, working with the team to build new tech for the team to achieve this
Listening to Nate is always bullish, and you can listen to the chat in the next post below...
CryptoMadden21 retweeted
Trending on Robinhood Chain recently: Artificial Inu ($AI).
A dog-themed memecoin that quotes against tokenized Nvidia, with a flywheel that grows a stock-token vault as volume climbs. Here's how it works 👇
