查理-Charlie
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平常最爱在广场吹吹水，没有固定赛道，什么都沾一点，主打一个想到什么发什么，推文内容仅代表个人思路，不构成投资建议，自行做好DYOR！！！@0xchal
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There is not just one company doing the same thing.
Lying in bed at night scrolling through Twitter, I saw someone discussing on-chain attestation, and a comment below said, isn't it just what EAS has already done? Why create another token version?
I casually searched, and indeed it is.
EAS, short for Ethereum Attestation Service, is an open-source attestation protocol on Ethereum that anyone can use for free, without tokens or permission, directly issuing attestations on the chain.
Even Vitalik himself has used it to issue proofs to developers. This protocol has been running for some time, and many projects in the Ethereum ecosystem are using it for identity verification, event check-ins, and community contribution records.
I casually searched, and indeed it is.
EAS, short for Ethereum Attestation Service, is an open-source attestation protocol on Ethereum that anyone can use for free, without tokens or permission, directly issuing attestations on the chain.
Even Vitalik himself has used it to issue proofs to developers. This protocol has been running for some time, and many projects in the Ethereum ecosystem are using it for identity verification, event check-ins, and community contribution records.
Cleaning up the phone bookmarks over the weekend, I found several analysis articles saved about @SignOfficial SIGN, from MoU to KOL promotion to token unlocking, the perspectives just keep repeating
Suddenly feel a bit ironic
An attestation protocol, the biggest hype comes not from someone using it on-chain for proof, but from a bunch of people writing about it in the square
Currently around $SIGN 0.031, with a market cap of about 52 million, this week has basically been a slow decline
There are no negative news, nor any positive news, just a gradual downward trend. This kind of movement is the most frustrating, not giving you a clear bottom, nor a reason for a rebound
After writing so many articles #Sign地缘政治基建 , my biggest feeling is that the angles to write from are getting fewer and fewer.
MoU has been written about, unlocking has been written about, competitors have been written about, narrative switching has been written about. When a project is running out of new angles to write articles from, it indicates that the attention the market can give it is also coming to an end.
After the attention fades, what supports the price?
Currently, it can only rely on real on-chain usage. But this thing cannot be seen in the short term
No movement, nor plans to move.
Suddenly feel a bit ironic
An attestation protocol, the biggest hype comes not from someone using it on-chain for proof, but from a bunch of people writing about it in the square
Currently around $SIGN 0.031, with a market cap of about 52 million, this week has basically been a slow decline
There are no negative news, nor any positive news, just a gradual downward trend. This kind of movement is the most frustrating, not giving you a clear bottom, nor a reason for a rebound
After writing so many articles #Sign地缘政治基建 , my biggest feeling is that the angles to write from are getting fewer and fewer.
MoU has been written about, unlocking has been written about, competitors have been written about, narrative switching has been written about. When a project is running out of new angles to write articles from, it indicates that the attention the market can give it is also coming to an end.
After the attention fades, what supports the price?
Currently, it can only rely on real on-chain usage. But this thing cannot be seen in the short term
No movement, nor plans to move.
Start simple in 2026
1: Have an apple phone
2: Have a Hong Kong SIM card
3: Have an apple US ID
4: Apply for a passport and Hong Kong-Macau travel permit
5: Apply for a Hong Kong bank card
6: Open a US brokerage account with Interactive Brokers
7: Operate an X account
8: Invest in a mainstream core asset (QQQ/SPY/BTC/GOLD)
9: Have a fitness routine, possibly learn more English
10: Learn to have deep conversations with AI
Yes, it's just these 10 simple things, do them right, and best of all, keep doing them!
In 2027 at this time, you will definitely thank yourself!
1: Have an apple phone
2: Have a Hong Kong SIM card
3: Have an apple US ID
4: Apply for a passport and Hong Kong-Macau travel permit
5: Apply for a Hong Kong bank card
6: Open a US brokerage account with Interactive Brokers
7: Operate an X account
8: Invest in a mainstream core asset (QQQ/SPY/BTC/GOLD)
9: Have a fitness routine, possibly learn more English
10: Learn to have deep conversations with AI
Yes, it's just these 10 simple things, do them right, and best of all, keep doing them!
In 2027 at this time, you will definitely thank yourself!
A bunch of MoUs signed, but how many are actually being used on the chain?
This morning I went to the convenience store to buy something, and there was a QR code next to the cashier that said to scan it for points. I scanned it, and a bunch of permission requests popped up, so I closed it. It's not that I don't want the points, it's just that all those authorizations make me too lazy to proceed.
Then I remembered.
, that's probably the feeling 😂
The direction of the agreement itself is not an issue; the on-chain proof demonstrates that there is a real demand for this matter. When you go to a government agency for a certificate, that paper's signature and whether it has been forged can theoretically be resolved by on-chain attestation.
@SignOfficial SIGN is just about creating an immutable record on the chain, indicating who certified this matter, when, and what the content is.
Then I remembered.
, that's probably the feeling 😂
The direction of the agreement itself is not an issue; the on-chain proof demonstrates that there is a real demand for this matter. When you go to a government agency for a certificate, that paper's signature and whether it has been forged can theoretically be resolved by on-chain attestation.
@SignOfficial SIGN is just about creating an immutable record on the chain, indicating who certified this matter, when, and what the content is.
In the morning, I looked at my phone and saw $SIGN , around 0.032, similar to yesterday, not much has changed @SignOfficial
A couple of days ago, it dropped by 40%. Today it suddenly stabilized, and many people think this is the bottom. I don't think so.
After a drop, a sideways market is not a reversal; it's the digestion of the narrative that has finished. This round of decline is the market's reaction after the MoU story has been told, with government cooperation and Middle East narratives all priced in. Those who wanted to buy have done so, and now, the remaining people are waiting for the next story.
#Sign地缘政治基建 There are currently no new stories.
The tokens are already fully circulated, with no unlocking pressure, which is clean. But clean does not mean it will rise; without incremental buying, sideways movement is the norm.
The only thing that can really make this move is one thing: an increase in on-chain attestation usage, with institutions really issuing proofs on-chain, and data that can be presented. Right now, there is none of that, only intentions for cooperation.
Buying around 0.032 is essentially betting on whether the project team can turn the MoU into real usage. It's not about the direction; the direction is fine, but it's a bet on execution and timing.
I haven't moved, continuing to observe.
A couple of days ago, it dropped by 40%. Today it suddenly stabilized, and many people think this is the bottom. I don't think so.
After a drop, a sideways market is not a reversal; it's the digestion of the narrative that has finished. This round of decline is the market's reaction after the MoU story has been told, with government cooperation and Middle East narratives all priced in. Those who wanted to buy have done so, and now, the remaining people are waiting for the next story.
#Sign地缘政治基建 There are currently no new stories.
The tokens are already fully circulated, with no unlocking pressure, which is clean. But clean does not mean it will rise; without incremental buying, sideways movement is the norm.
The only thing that can really make this move is one thing: an increase in on-chain attestation usage, with institutions really issuing proofs on-chain, and data that can be presented. Right now, there is none of that, only intentions for cooperation.
Buying around 0.032 is essentially betting on whether the project team can turn the MoU into real usage. It's not about the direction; the direction is fine, but it's a bet on execution and timing.
I haven't moved, continuing to observe.
The project team posts updates daily, and the price drops daily. What does this decoupling mean?
I opened Binance this morning and took a look; $SIGN in the past two days, it dropped almost 40%, from an initial 0.05 down to around 0.033, with a market value shrinking to over 50 million USD.
Then I checked the official account of @SignOfficial Sign and found that they have been updating quite frequently during this time. They signed new government collaborations, made updates for V1.1 cross-chain verification, and are advancing MiCA compliance. At least from the output of content, the team is indeed doing something.
But the price has no response at all.
Such situations are actually not uncommon in the crypto space; the project team keeps working, and there’s an announcement every couple of days on social media, yet the coin price keeps going down. Some people say this is called undervalued, and it will eventually rebound. Others say the market is already voting with money, and announcements are useless; there needs to be something real.
Then I checked the official account of @SignOfficial Sign and found that they have been updating quite frequently during this time. They signed new government collaborations, made updates for V1.1 cross-chain verification, and are advancing MiCA compliance. At least from the output of content, the team is indeed doing something.
But the price has no response at all.
Such situations are actually not uncommon in the crypto space; the project team keeps working, and there’s an announcement every couple of days on social media, yet the coin price keeps going down. Some people say this is called undervalued, and it will eventually rebound. Others say the market is already voting with money, and announcements are useless; there needs to be something real.
In two days, it dropped by 40%, now around 0.033, $SIGN now has a market value of only over 50 million @SignOfficial
Interestingly, during this period, the project team has not released any negative news. There has been no hacking, no running away, and no scandals; it is just operating normally and even signing new partnerships. But the price keeps going down
This situation actually explains a lot
The market's pricing logic for #Sign地缘政治基建 has shifted from narrative-driven to usage-driven. Previously, signing an MoU or releasing compliance news could drive the price up, but now the market is no longer buying into those things.
People are starting to look at the reality: how many people are using this protocol? How much revenue has it generated? The answer is almost none
All tokens have been released, and there are no stories of manipulators dumping the price; it is just the real buying and selling forces at play, with more sellers than buyers
Is a market value of 50 million expensive? If there are really off-chain scenarios coming in later, it will certainly look cheap in hindsight. But if it remains stuck at the stage of signing MoUs and issuing announcements, it may not have hit the bottom yet
Viewing without positions, just a record.
Interestingly, during this period, the project team has not released any negative news. There has been no hacking, no running away, and no scandals; it is just operating normally and even signing new partnerships. But the price keeps going down
This situation actually explains a lot
The market's pricing logic for #Sign地缘政治基建 has shifted from narrative-driven to usage-driven. Previously, signing an MoU or releasing compliance news could drive the price up, but now the market is no longer buying into those things.
People are starting to look at the reality: how many people are using this protocol? How much revenue has it generated? The answer is almost none
All tokens have been released, and there are no stories of manipulators dumping the price; it is just the real buying and selling forces at play, with more sellers than buyers
Is a market value of 50 million expensive? If there are really off-chain scenarios coming in later, it will certainly look cheap in hindsight. But if it remains stuck at the stage of signing MoUs and issuing announcements, it may not have hit the bottom yet
Viewing without positions, just a record.
Trump: To put it simply, I said it clearly
Every day is just playing with the market like this 😂
Every day is just playing with the market like this 😂
After being criticized as a scammer on Xianyu, I actually understood what on-chain proof aims to achieve.
Yesterday, I listed a headphone that I used for half a year on Xianyu, priced 40% cheaper than the official website, and the first thing the buyer said was, 'Is this fake?'
I sent over the purchase record, warranty card, and unboxing video, but the other party still wasn't reassured and asked me to go to an offline verification point for an appraisal. For a pair of headphones, the appraisal fee is 35 yuan. I directly closed the chat window.
Later I thought, it’s actually not the buyer's fault; there are too many fakes in the second-hand market, so his distrust is normal. But the current verification process is indeed absurd; to sell something worth a few hundred yuan, you need to spend 35 yuan for an appraisal and make a trip offline, which is completely disproportionate in cost and experience.
I sent over the purchase record, warranty card, and unboxing video, but the other party still wasn't reassured and asked me to go to an offline verification point for an appraisal. For a pair of headphones, the appraisal fee is 35 yuan. I directly closed the chat window.
Later I thought, it’s actually not the buyer's fault; there are too many fakes in the second-hand market, so his distrust is normal. But the current verification process is indeed absurd; to sell something worth a few hundred yuan, you need to spend 35 yuan for an appraisal and make a trip offline, which is completely disproportionate in cost and experience.
Today I took a look at $SIGN , $0.042, it has dropped nearly 20% in one day.
A while ago, when the news of Sierra Leone's MoU, Kyrgyzstan's CBDC, and the Middle East narrative came out, the price did indeed rise for a bit.
But the narrative can only drive the price up once or twice, not every time. Several MoUs have been signed, but I haven't seen any that actually generate income.
The market is starting to return to a very simple question: how many people are actually using this agreement? #Sign地缘政治基建
On-chain proof in this direction is unquestionable; in life, everywhere you need to prove who you are, what you have, and whether what you say is true.
But having a valid direction and being able to execute the agreement are two different things. Currently, the use of @SignOfficial SIGN is still concentrated within Web3; none of the truly high-frequency scenarios off-chain have been included.
With a market value of 68 million, that's not considered high in the circle. If there really is an off-chain scenario that can be connected, this price is definitely not the endpoint.
But if it continues to rely on signing MoUs and issuing news to hold up, then this position may not necessarily be the bottom.
Observe, do not bet, just record.
A while ago, when the news of Sierra Leone's MoU, Kyrgyzstan's CBDC, and the Middle East narrative came out, the price did indeed rise for a bit.
But the narrative can only drive the price up once or twice, not every time. Several MoUs have been signed, but I haven't seen any that actually generate income.
The market is starting to return to a very simple question: how many people are actually using this agreement? #Sign地缘政治基建
On-chain proof in this direction is unquestionable; in life, everywhere you need to prove who you are, what you have, and whether what you say is true.
But having a valid direction and being able to execute the agreement are two different things. Currently, the use of @SignOfficial SIGN is still concentrated within Web3; none of the truly high-frequency scenarios off-chain have been included.
With a market value of 68 million, that's not considered high in the circle. If there really is an off-chain scenario that can be connected, this price is definitely not the endpoint.
But if it continues to rely on signing MoUs and issuing news to hold up, then this position may not necessarily be the bottom.
Observe, do not bet, just record.
What did I say? $DUSK this coin has already started to pull back
Those who followed me to short have probably made a lot by now?
I guess it can go a bit lower, and then it can be closed 😋
Those who followed me to short have probably made a lot by now?
I guess it can go a bit lower, and then it can be closed 😋
查理-Charlie
·
--
Yesterday I ordered takeout, and after paying, I suddenly received a push notification from another platform recommending coupons for the same store. I’ve never searched for this store on that platform, but it just knows I ordered from there.
Everyone is used to the flow of data between platforms; it's annoying, but there's not much that can be done.
But if we think about applying this logic to the blockchain, every transaction you make is not just shared between platforms, but is publicly available to the whole world. What coins you bought, how much you spent, when you bought them, everyone can see.
@MidnightNetwork Midnight wants to add a layer of privacy to blockchain transactions. What you do on the blockchain can be verified, but you don’t need to let everyone see the details #night .
The logic of ZK proofs is like this: I can prove that this transaction is legitimate, but you don’t need to know the specific amount.
I think this idea is reasonable. In real life, you wouldn’t post your bank statements on social media, so why should financial information on the blockchain be fully public?
But having an idea doesn’t mean it can be pushed forward; $NIGHT right now it’s around $0.0478, the mainnet has just launched and is still in a federal stage, with on-chain activity close to zero.
Privacy is a long-term game; you can’t rush it, but you also can’t just wait.
Everyone is used to the flow of data between platforms; it's annoying, but there's not much that can be done.
But if we think about applying this logic to the blockchain, every transaction you make is not just shared between platforms, but is publicly available to the whole world. What coins you bought, how much you spent, when you bought them, everyone can see.
@MidnightNetwork Midnight wants to add a layer of privacy to blockchain transactions. What you do on the blockchain can be verified, but you don’t need to let everyone see the details #night .
The logic of ZK proofs is like this: I can prove that this transaction is legitimate, but you don’t need to know the specific amount.
I think this idea is reasonable. In real life, you wouldn’t post your bank statements on social media, so why should financial information on the blockchain be fully public?
But having an idea doesn’t mean it can be pushed forward; $NIGHT right now it’s around $0.0478, the mainnet has just launched and is still in a federal stage, with on-chain activity close to zero.
Privacy is a long-term game; you can’t rush it, but you also can’t just wait.
There is a 0.31u coupon in the rewards center, which might be the prize pool for Binance's #内容挖矿 ice-breaking reward.
Although it's not much, I am still very grateful; I can buy four lollipops now 😂
Although it's not much, I am still very grateful; I can buy four lollipops now 😂
A colleague's resume fraud was discovered, and it made me think of on-chain proof.
A recent incident occurred in the company where a colleague wrote that they had a 985 undergraduate degree upon joining, but after more than half a year, HR found out during the verification that it was actually a junior college degree.
However, this kind of thing is probably encountered by any company. At that time, the first thought that came to my mind was that if the academic certificate could be verified on-chain, this kind of incident would never happen.
This is
SIGN is doing attestation, simply put, it is on-chain proof. Someone verifies a piece of information you have with a signature, and this verification is recorded on the chain, which can be checked by anyone and cannot be tampered with.
Degree, work experience, qualifications, health certificates; theoretically, anything that needs to verify authenticity can be handled with this mechanism.
However, this kind of thing is probably encountered by any company. At that time, the first thought that came to my mind was that if the academic certificate could be verified on-chain, this kind of incident would never happen.
This is
SIGN is doing attestation, simply put, it is on-chain proof. Someone verifies a piece of information you have with a signature, and this verification is recorded on the chain, which can be checked by anyone and cannot be tampered with.
Degree, work experience, qualifications, health certificates; theoretically, anything that needs to verify authenticity can be handled with this mechanism.
A few days ago, I helped a friend rent a house, and the landlord required an income certificate and a proof of employment. I ran to the company for a stamp, and then I ran to the bank for a transaction record, which took up most of my day.
Later, I thought about it; these documents are essentially just a proof
of who you are, where you work, and how much you earn each month. The issuer is the company and the bank, and the verifier is the landlord. To confirm a simple piece of information among the three parties, a lot of offline processes are needed.
The attestation done by @SignOfficial SIGN is actually solving this issue. The company provides you with an on-chain employment certification, the bank gives you an on-chain income certification, and the landlord can verify it by scanning without needing you to run errands or requiring a physical stamp.
The scenario is real, and the direction is correct. But then I thought, will the landlord use this?
Most landlords are not very willing to use online contracts, and asking them to verify an on-chain attestation, they probably won't even understand it.
This is the biggest problem faced by #Sign地缘政治基建 right now; it's not about whether the technology can do it, but whether the people in the usage scenario are willing to accept a brand new verification method.
Currently, $SIGN is priced around $0.051, and the recent trend is decent, having rebounded quite a bit from the bottom. However, the price reflects market sentiment, and it will take time for attestation to truly enter daily life.
I have a long-term optimistic view on this direction, but there is no rush in the short term.
Later, I thought about it; these documents are essentially just a proof
of who you are, where you work, and how much you earn each month. The issuer is the company and the bank, and the verifier is the landlord. To confirm a simple piece of information among the three parties, a lot of offline processes are needed.
The attestation done by @SignOfficial SIGN is actually solving this issue. The company provides you with an on-chain employment certification, the bank gives you an on-chain income certification, and the landlord can verify it by scanning without needing you to run errands or requiring a physical stamp.
The scenario is real, and the direction is correct. But then I thought, will the landlord use this?
Most landlords are not very willing to use online contracts, and asking them to verify an on-chain attestation, they probably won't even understand it.
This is the biggest problem faced by #Sign地缘政治基建 right now; it's not about whether the technology can do it, but whether the people in the usage scenario are willing to accept a brand new verification method.
Currently, $SIGN is priced around $0.051, and the recent trend is decent, having rebounded quite a bit from the bottom. However, the price reflects market sentiment, and it will take time for attestation to truly enter daily life.
I have a long-term optimistic view on this direction, but there is no rush in the short term.
I use incognito mode every day, but have never thought about needing this function on-chain.
I basically open the browser's incognito mode every day. It's not that I’m doing anything shameful, I just don’t want my browsing history to be messy; searching for flight prices is worrying about big data killing familiarity, and looking up symptoms doesn’t want precise insurance ads pushed to me.
These things are essentially privacy tools, and almost everyone is using them; it’s just that people don’t consider them a serious concept for discussion.
But on the blockchain side, it’s the opposite. Every transaction you make, every token you hold, and which contracts you have interacted with are all publicly transparent, and anyone can check. Although wallet addresses are anonymous, once linked to an exchange account, it is basically equivalent to real-name identification.
These things are essentially privacy tools, and almost everyone is using them; it’s just that people don’t consider them a serious concept for discussion.
But on the blockchain side, it’s the opposite. Every transaction you make, every token you hold, and which contracts you have interacted with are all publicly transparent, and anyone can check. Although wallet addresses are anonymous, once linked to an exchange account, it is basically equivalent to real-name identification.
Yesterday I ordered takeout, and after paying, I suddenly received a push notification from another platform recommending coupons for the same store. I’ve never searched for this store on that platform, but it just knows I ordered from there.
Everyone is used to the flow of data between platforms; it's annoying, but there's not much that can be done.
But if we think about applying this logic to the blockchain, every transaction you make is not just shared between platforms, but is publicly available to the whole world. What coins you bought, how much you spent, when you bought them, everyone can see.
@MidnightNetwork Midnight wants to add a layer of privacy to blockchain transactions. What you do on the blockchain can be verified, but you don’t need to let everyone see the details #night .
The logic of ZK proofs is like this: I can prove that this transaction is legitimate, but you don’t need to know the specific amount.
I think this idea is reasonable. In real life, you wouldn’t post your bank statements on social media, so why should financial information on the blockchain be fully public?
But having an idea doesn’t mean it can be pushed forward; $NIGHT right now it’s around $0.0478, the mainnet has just launched and is still in a federal stage, with on-chain activity close to zero.
Privacy is a long-term game; you can’t rush it, but you also can’t just wait.
Everyone is used to the flow of data between platforms; it's annoying, but there's not much that can be done.
But if we think about applying this logic to the blockchain, every transaction you make is not just shared between platforms, but is publicly available to the whole world. What coins you bought, how much you spent, when you bought them, everyone can see.
@MidnightNetwork Midnight wants to add a layer of privacy to blockchain transactions. What you do on the blockchain can be verified, but you don’t need to let everyone see the details #night .
The logic of ZK proofs is like this: I can prove that this transaction is legitimate, but you don’t need to know the specific amount.
I think this idea is reasonable. In real life, you wouldn’t post your bank statements on social media, so why should financial information on the blockchain be fully public?
But having an idea doesn’t mean it can be pushed forward; $NIGHT right now it’s around $0.0478, the mainnet has just launched and is still in a federal stage, with on-chain activity close to zero.
Privacy is a long-term game; you can’t rush it, but you also can’t just wait.
$DUSK is ready to call back, open empty! Brothers
Air Force will win!
Air Force will win!
查理-Charlie
·
--
Someone asked me if I can bottom out at $NIGHT ?
I just showed him the roadmap. We are currently in the Kūkolu phase, the federal mainnet, where all nodes are institutions, and ordinary users have no entry point for participation.
Only in Q2 did we enter the incentive testnet Mōhalu, starting to have developer incentives, but it is still a testnet. Only in Q3 will we connect to LayerZero for cross-chain, and that's when it will truly start to have the conditions for traffic to come in.
From now until Q3, at least six months.
During these six months, #night will continue to face the thawing unlock of Glacier Drop, with 170,000 wallets queuing to receive a batch every 90 days, and each batch represents potential selling pressure @MidnightNetwork .
At the same time, the mainnet has no real users, DApps are zero, and on-chain data is empty. What will support the price during these six months? It relies on announcements and partner lists.
This doesn’t mean the project will definitely die, but the logic of bottoming out needs to be clear. What are we betting on by bottoming out?
We are betting that the Q2 testnet can attract enough developers, betting that the Q3 cross-chain will go smoothly, and betting that there will be no new governance storms or technical issues during the entire process.
Each bet compounds together; the winning rate is not additive, but multiplicative.
I have some NIGHT that came out of Scavenger Mine hanging around, and I haven’t moved it.
I also don’t plan to increase my position now; I will wait until I see real applications running on the testnet. Just looking at the roadmap is not enough.
I just showed him the roadmap. We are currently in the Kūkolu phase, the federal mainnet, where all nodes are institutions, and ordinary users have no entry point for participation.
Only in Q2 did we enter the incentive testnet Mōhalu, starting to have developer incentives, but it is still a testnet. Only in Q3 will we connect to LayerZero for cross-chain, and that's when it will truly start to have the conditions for traffic to come in.
From now until Q3, at least six months.
During these six months, #night will continue to face the thawing unlock of Glacier Drop, with 170,000 wallets queuing to receive a batch every 90 days, and each batch represents potential selling pressure @MidnightNetwork .
At the same time, the mainnet has no real users, DApps are zero, and on-chain data is empty. What will support the price during these six months? It relies on announcements and partner lists.
This doesn’t mean the project will definitely die, but the logic of bottoming out needs to be clear. What are we betting on by bottoming out?
We are betting that the Q2 testnet can attract enough developers, betting that the Q3 cross-chain will go smoothly, and betting that there will be no new governance storms or technical issues during the entire process.
Each bet compounds together; the winning rate is not additive, but multiplicative.
I have some NIGHT that came out of Scavenger Mine hanging around, and I haven’t moved it.
I also don’t plan to increase my position now; I will wait until I see real applications running on the testnet. Just looking at the roadmap is not enough.
NIGHT has been obtained, but what is DUST?
Those who participated in Scavenger Mine or received Glacier Drop may now have some $NIGHT in their accounts, but Midnight's token model is dual-token, consisting of NIGHT and another token, DUST.
DUST is the actual utility token on the chain, used to pay for transaction fees and smart contract execution costs. In other words, just holding NIGHT means you can’t do anything on Midnight.
This design itself is logical.
Separating value storage from actual use is intended to keep transaction fees stable on the chain, preventing user experience from becoming unpredictable due to fluctuations in NIGHT's price.
DUST is the actual utility token on the chain, used to pay for transaction fees and smart contract execution costs. In other words, just holding NIGHT means you can’t do anything on Midnight.
This design itself is logical.
Separating value storage from actual use is intended to keep transaction fees stable on the chain, preventing user experience from becoming unpredictable due to fluctuations in NIGHT's price.
Someone asked me if I can bottom out at $NIGHT ?
I just showed him the roadmap. We are currently in the Kūkolu phase, the federal mainnet, where all nodes are institutions, and ordinary users have no entry point for participation.
Only in Q2 did we enter the incentive testnet Mōhalu, starting to have developer incentives, but it is still a testnet. Only in Q3 will we connect to LayerZero for cross-chain, and that's when it will truly start to have the conditions for traffic to come in.
From now until Q3, at least six months.
During these six months, #night will continue to face the thawing unlock of Glacier Drop, with 170,000 wallets queuing to receive a batch every 90 days, and each batch represents potential selling pressure @MidnightNetwork .
At the same time, the mainnet has no real users, DApps are zero, and on-chain data is empty. What will support the price during these six months? It relies on announcements and partner lists.
This doesn’t mean the project will definitely die, but the logic of bottoming out needs to be clear. What are we betting on by bottoming out?
We are betting that the Q2 testnet can attract enough developers, betting that the Q3 cross-chain will go smoothly, and betting that there will be no new governance storms or technical issues during the entire process.
Each bet compounds together; the winning rate is not additive, but multiplicative.
I have some NIGHT that came out of Scavenger Mine hanging around, and I haven’t moved it.
I also don’t plan to increase my position now; I will wait until I see real applications running on the testnet. Just looking at the roadmap is not enough.
I just showed him the roadmap. We are currently in the Kūkolu phase, the federal mainnet, where all nodes are institutions, and ordinary users have no entry point for participation.
Only in Q2 did we enter the incentive testnet Mōhalu, starting to have developer incentives, but it is still a testnet. Only in Q3 will we connect to LayerZero for cross-chain, and that's when it will truly start to have the conditions for traffic to come in.
From now until Q3, at least six months.
During these six months, #night will continue to face the thawing unlock of Glacier Drop, with 170,000 wallets queuing to receive a batch every 90 days, and each batch represents potential selling pressure @MidnightNetwork .
At the same time, the mainnet has no real users, DApps are zero, and on-chain data is empty. What will support the price during these six months? It relies on announcements and partner lists.
This doesn’t mean the project will definitely die, but the logic of bottoming out needs to be clear. What are we betting on by bottoming out?
We are betting that the Q2 testnet can attract enough developers, betting that the Q3 cross-chain will go smoothly, and betting that there will be no new governance storms or technical issues during the entire process.
Each bet compounds together; the winning rate is not additive, but multiplicative.
I have some NIGHT that came out of Scavenger Mine hanging around, and I haven’t moved it.
I also don’t plan to increase my position now; I will wait until I see real applications running on the testnet. Just looking at the roadmap is not enough.
Writing about a Binance-invested project in Binance Square is worth thinking about.
I have recently been writing $SIGN content, and suddenly stopped halfway to think for a while.
The main investor of SIGN is YZi Labs, which was originally Binance Labs and changed its name earlier this year.
This is Binance's strategic investment department, leading with $25.5M, which is quite a sum. Then SIGN went live on Binance and completed creator tasks in the Binance Square. I write articles here to earn rewards, and ordinary users see the content in the square and buy it if they are interested.
The entire chain is closed within the Binance system.
It's not really a conspiracy theory; this is normal business logic. Investors help projects find traffic, project parties incentivize content creators with tokens, creators help spread the project, and retail investors buy in on the platform. Each role acts according to its own interests, but the question is, in this structure, who ultimately bears the risk?
The main investor of SIGN is YZi Labs, which was originally Binance Labs and changed its name earlier this year.
This is Binance's strategic investment department, leading with $25.5M, which is quite a sum. Then SIGN went live on Binance and completed creator tasks in the Binance Square. I write articles here to earn rewards, and ordinary users see the content in the square and buy it if they are interested.
The entire chain is closed within the Binance system.
It's not really a conspiracy theory; this is normal business logic. Investors help projects find traffic, project parties incentivize content creators with tokens, creators help spread the project, and retail investors buy in on the platform. Each role acts according to its own interests, but the question is, in this structure, who ultimately bears the risk?
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