Jula茹大大

In the past, I also believed in the nonsense of "we share the same values." Back then, to boost TVL, I was willing to invest in any random project, just because the project team would come around, messaging me daily and painting a picture bigger than Pizza Hut.

What was the result? Not only was my wallet emptied, but my fans also thought I was a fool.

Now I’ve come to understand that in this circle, emotional connections drain money. Why have I recently been keeping an eye on TokenTable under Sign? To put it bluntly, it’s because I got burned and developed “brotherhood PTSD.”

These people did something very unethical but quite satisfying—they programmed the “friendship.” In the past, if you asked a VC when the unlock would happen, they’d respond with “next time for sure”; now you don’t even have to ask, the code is right there, and when the time comes, it automatically deposits. Want to lock up funds and plot conspiracies? No chance.

Some complain that this thing is rigid and inflexible. Pah! In the crypto world, “flexibility” is synonymous with being shady. Just ask those early contributors who have been locked in for three years; what they hate most is when the project team says, “For the long-term development of the ecosystem, let’s change the rules.”

And that SBT identity? Simply put, it’s like stripping you down to show your vulnerabilities in this circle. You say you’re a Builder, but the blockchain is blank, relying solely on your words? Sign’s system plays on the principle that “data doesn’t lie.” You want to scam high-level players? They’ll pull out their phones and scan your blockchain history; it’s clear at a glance if you’re genuine or a fraud.

$SIGN isn’t like those random projects that make you rich overnight, but the sense of security it provides is very real.

In the future, don’t brag about how many people you know; first, check if your wallet has this layer of “bulletproof vest.” After all, in this circle, people come and go, but only the written code is the brother that will never run away. @SignOfficial $SIGN #Sign地缘政治基建

There's no saving this traffic

What's going on these days? BTC has hit the bottom once again. Okay, I admit I couldn't help it and bought some more at the bottom!

Speaking of which, last month a project team wanted to help with promotion and told me, “We have a grand vision and will definitely not run away.” I said, send over the lock-up agreement for me to take a look. The other party fell silent for ten minutes and then shot back, “The team promises to accompany for the long run.”

Accompanying. This term makes me react reflexively now— the last person who told me they would accompany ran away in less than two months, the founder canceled their Twitter, and the Discord was renamed to “XX Project Discussion Group.” Where do you go to find them? They didn’t even post a real photo at that time, who do you look for?

So when I saw YZi Labs investing 55 million USD in Sign a couple of days ago, my first reaction was not “another financing news,” but rather— these investment guys have also been educated by “verbal aspirations,” right?

Just take a look at the TokenTable of Sign. What it does, to put it simply, is this: it takes the phrase “We will lock up, you can rest assured” out of the chat records and welds it onto the contract. Do VCs want to unlock early? The code won’t allow it. Does the team want to change the release time? They can’t. You don’t need to trust anyone’s character; you just need to trust whether the code has bugs or not.

Some people complain that SBT cannot be sold, thinking it's just for show. But think about it— a “identity certification” that can be transferred at will is just an avatar accessory; today it supports you, and tomorrow it may switch to another company. What is this SBT from Sign? It’s the on-chain resume you’ve accumulated from how many nights you’ve stayed up in this ecosystem, how many valid suggestions you’ve made, and how many times you’ve helped revise documents—2-6. When such people speak in the community, does the project party dare not take it seriously?

There’s a saying in my hometown: “Words that sound good are not as good as laying the facts on the table.” In Web3, there’s not even enough table; it has to go on-chain.

In the future, if anyone tells you “we have a grand vision and will not run away,” just throw the Sign link over: Come on, let’s lock the vision in the contract, and then we can continue chatting. @SignOfficial $SIGN #Sign地缘政治基建

Two years ago, I gave a project platform, and now I wish I could delete that tweet.

Back then, the project team was so enthusiastic, frequently calling, always saying "we are long-term partners," and the lock-up terms were beautifully written. I thought, fine, my brother is trustworthy, I posted the tweet and recorded the video.

What happened? On the day of unlocking, I found that my share was still locked in the contract, while the early addresses had already cashed out and left. When I asked, the reply was always "wait a bit longer, the next proposal will change it."

Who can I talk to about this? That little trust, in their eyes, was just an "optional execution item."

So when I saw YZi Labs invested $55 million in Sign, my first reaction wasn't "wow, that's a lot of money," but rather—these people have really been traumatized.

TokenTable, to put it plainly, is about turning "we have a good relationship" into "if you dare to move, it will automatically execute." When the VC's tokens unlock, how many batches, whether they can run away early, all written dead in the smart contract, the project party can't change it, and neither can the VC. Some might ask: what if it's not flexible? The problem is—in the crypto world, "flexibility" is often the cover for "playing tricks."

The data speaks for itself: TokenTable has already issued over $2 billion worth of tokens, covering 40 million addresses, with more than 200 projects using it. Even SecondSwap came to collaborate, wanting to activate the $15 trillion to $25 trillion lock-up market. This is not small-scale; this is real usage.

Some people complain that SBT cannot be traded is useless. I think, can what can be traded be called "identity"? That's called "costume"; today it's on you, tomorrow it’s on the second-hand market. Sign's SBT is built on time, contribution, and real money, creating an on-chain resume. You want to harvest this kind of person? Their on-chain record is clear, try to move it a bit.

To be honest, what this circle lacks is "you can rest assured." What it lacks is "you can't move."

In the future, if anyone tells me "we don't need to write a contract for our friendship," I will say one thing: go to Sign, lock it down and then talk.

After all, the cost of boasting is too low. The commitments written into code can withstand the phrase "people leave and the building is empty." @SignOfficial $SIGN #Sign地缘政治基建

Last month, a friend urged me to invest in a community token, saying, "The team has a big vision, all for early contributors." I asked him about the lock-up mechanism. He sent me a screenshot that said, "The team promises to stay in the long run."

Promise.

These two characters make my scalp tingle when I hear them now. The last project that told me about "long-term commitment" lasted three months, the founder cleared his Twitter, and the Discord turned into an advertisement group overnight. You say to find someone? They didn't even leave a real name at the beginning; who do you argue with?

So when I saw YZi Labs throw $55 million into Sign a couple of days ago, my first reaction wasn't "Wow, great project," but rather—these investment guys finally tasted the fear of being governed by "verbal promises."

The TokenTable created by Sign is, to put it bluntly, a way to lock in the project party's words of "we will lock the tokens, you can rest assured" on the blockchain. Do VCs want to run away early? The code won't allow it. Does the team want to change the unlock time? They can't change it. You don’t need to trust anyone’s character; you just need to trust whether the code is written correctly.

Some people complain that SBTs cannot be sold or transferred, thinking it's useless. But have you considered that an identity that can be bought and sold at will is called a "skin"? Today, it wears the skin of supporting you, and tomorrow it might support the opposing party. This SBT from Sign is a record of how many days you’ve spent in this ecosystem, how many valid suggestions you’ve made, and how many nights you’ve stayed up. This kind of person makes the project party think twice before taking action—if they mess with this kind of person, the community will be the first to disagree.

There’s a saying in my hometown, "Empty words are not credible; written words serve as evidence." In Web3, even written evidence is not enough; you have to establish the code.

In the future, if anyone tells you "big vision, no running away," just throw them the link to Sign: Here, lock it in the contract, and let’s continue the conversation. @SignOfficial $SIGN #Sign地缘政治基建

Since Zhang Xuefeng's incident, the videos I've come across are all about sudden deaths and heart attacks~ I've also not been feeling well these past few days, so I thought about going to the hospital, but found the cardiology department overcrowded. I don't know if everyone is really sick or just 'mentally' unwell~ Regardless, cherishing health is always right.

Last month at a coffee shop in Shenzhen, I met a newly established startup team. Four people were gathered around a computer modifying tokenomics. After chatting for a bit, I found out that they were redoing the token distribution plan—originally agreed upon team shares, one person found it too little and said they would withdraw if it wasn't increased. The project hasn't even launched yet, and internal conflict has already started.

I looked at their Excel sheet and was truly moved.

What is the most magical aspect of this circle? The project party shouts 'decentralization' to the outside, while internally they start playing 'centralized distribution'. How many teams, at the beginning, are on good terms, and the token distribution relies entirely on a few words. Once the price goes up, who still remembers that meal from the past?

Last time I chatted with a project founder who emerged last year, he complained to me: 'If I had known it would be like this, I should have written the distribution rules on-chain from the start. Now, someone in the team is fussing about wanting to unlock early. Do you think I should agree or not? If I agree, I feel sorry for the project; if I don't agree, I feel sorry for my brother.'

So, do you think the TokenTable created by Sign is useful? It's extremely useful.

It’s not just a simple lock-up tool, but it transforms the matter of 'token distribution' from a 'personal agreement' into 'code execution'. How long the team shares are locked, when the advisor's tokens are released, and the pace of ecological incentives are all written into the smart contract. No one can think of changing it halfway, and no one can think of running away early. It's like partnering in business, no longer relying on a handshake, but directly going to the industry and commerce bureau to register the equity ratio—if you dare to backtrack, the law won’t recognize it.

Some people think that the non-tradable nature of SBT is a disadvantage. But if you think about it carefully, a 'true identity' that can be traded is called a 'mask'. Today it’s on your face, tomorrow it might be on someone else's face. The SBT created by Sign is a mark that is forged through time and actual contributions. A person's record on-chain is clear, and before your project team tries to think of any tricks, they must first ask the community if they agree.

In the future, if any team tells you 'Our distribution is very fair, you can rest assured,' you can directly reply: Go on Sign, the truth will be seen on-chain.

After all, only the distribution written into the smart contract is worthy of being called distribution. @SignOfficial $SIGN #Sign地缘政治基建

Returning home, I ran into an old friend who runs a supermarket. He told me something that, looking back, is really interesting!

He said that now when ordering goods, there's no need to argue with wholesalers anymore; you can just go on-chain for reconciliation. I was about to explain to him what a 'distributed ledger' is, but he stunned me: isn't your Gas fee just like the rental fee going up during the busy season in malls?

I almost dropped my chopsticks at that moment.

He said, look, the property fee I pay for my supermarket is fixed, but on that street outside, once it's the New Year's goods festival, people start setting up stalls, and the rent skyrockets from two hundred to two thousand. Your blockchain is even harsher—when the market is hot, wealthy 'scientists' directly book the whole place, and ordinary users have to wait forever to make a transaction. What's the difference from me competing for space as a stall owner?

But he changed the subject and said he figured out the gameplay of Midnight.

This thing isn't about auctioning stalls; it's about paying a 'membership fee.' The higher the property fee you pay in the mall, and the longer you rent the shop, the better positions outside naturally belong to you. In Midnight's terms, the more NIGHT you stake, the more DUST you can use—not about who has more money, but about who is 'tied' to the chain.

What's even crazier is that DUST will expire and cannot be transferred. This basically tells you: don't think about stockpiling to drive up prices; this stuff is consumable, you use as much as you have.

He said you guys trading coins are always staring at K-lines; instead, think about this—Google Cloud is coming in as a node, and Western Union is stepping in as a federal node. Are these people here to trade NIGHT? They are here to 'pay property fees.'

I asked him if he thought this thing was worth it.

He calculated for me: a hospital using Midnight to run patient data, a bank using it for cross-border settlements, all these applications consuming DUST will have to rely on staking NIGHT to exist. This is a necessity for production materials, not just speculation on the secondary market.

I asked him if he was buying. He said he wasn't, but in the supply chain I work with, someone has already started using this thing for compliant proof.

This calculation makes sense. @MidnightNetwork $NIGHT #night

I have been so bored watching the market these past two days. Especially BTC, it really is a troublesome little sprite that keeps going back and forth! To sum up my current mood in one sentence—"I feel like vomiting from the bumps in the car, but I'm afraid the car will leave when I get out." But last night, while having skewers with a friend who specializes in the primary market, he said something that woke me up.

He said that when looking at projects now, don’t just focus on the liquidity in the contract address; you have to see who is supporting the 'sovereign nations.'

He asked me to check the deployment records of Sign. I didn't realize it until I looked, but while we were still struggling with unlocking those millions of tokens, they had already gone to provide digital permanent residency (PR) for Sierra Leone, and helped the UAE simplify the application process for gold visas. This is no longer just a simple token issuance tool; it is clearly equipping the state apparatus with a 'digital heart.'

The hardcore aspect of this matter is that it standardizes the most sensitive thing, 'identity,' using the proof layer of the Sign Protocol. In the past, when we talked about 'on-chain identity,' it always felt like a scam, like gilding oneself. But look now, when sovereign nations start using this underlying technology to issue passports and visas, it is no longer just a narrative but a solid infrastructure.

So now, looking at TokenTable's distribution of 4 billion dollars suddenly makes sense. That is not just a simple airdrop tool; it is the gateway to provide 'compliance access' for the entire Web3 world.

When the market is in a downward trend, everyone is focused on the selling pressure, afraid of being hit. But the truly smart money is looking at whether this project can survive this winter, or even become the fire in the winter.

When SIGN becomes the default 'on-chain notary' for sovereign institutions, this ability to penetrate into geopolitical infrastructure is the strongest trump card.

Stop fixating on those unlocking plans; broaden your perspective. This kind of 'rule-setting' chip is what keeps you calm when it's in your pocket. @SignOfficial $SIGN #Sign geopolitical infrastructure

Brothers, I've discovered something quite interesting.

This Western Union guy has set up two million outlets in over two hundred countries globally. In the past, when we talked about it, we always felt that this thing is like the "Walmart" of the remittance industry, emphasizing that it’s everywhere. But have you ever thought about what these two million outlets represent in the eyes of traditional finance? They are costs and a compliance black hole that keeps one on edge every day.

Each store needs to go through KYC for every cross-border transaction. Just imagine the scene if two million outlets did it at the same time; it’s too beautiful for me to bear. These aren’t just outlets; they are clearly two million starving "compliance shredders".

So when it went to Midnight as a node, I initially didn’t catch on. Later, after looking at an internal architecture diagram that leaked, I started to catch the drift — this guy is calculating how to transform these two million outlets from "shredders" into "sentinels".

Midnight's selective disclosure is brilliant because it gives Western Union a quick way to "prove its innocence." Previously, outlets submitted customer data, and the headquarters nervously reviewed it. What about in the future? Outlets will use zero-knowledge proofs locally to "verify" the customers, and on-chain, only the regulatory authority will see the verification result.

Information lays flat locally, and proof runs smoothly on-chain. It’s like when you go to handle business; in the past, you had to pull out your household registration book, property deed, and let someone make a pile of copies. Now, you just throw out a line: "The police station just stamped it for me, do you want to scan it for authenticity?" Costs are down, privacy is protected, and regulators feel more comfortable.

As for the DUST decay mechanism, I find it to be a stroke of genius. If not used within seven days, it becomes useless. This isn’t just a token economy; it’s clearly setting a "daily check-in" KPI for Western Union's outlets. You want to run business here? Fine, stake NIGHT, generate DUST; after going through this process, it transforms from a "passing cash cow" into a "landlord".

Some ask me if this is a good thing. I did the math: two million outlets save enough on compliance review labor costs each year to buy several Gulfstreams. When big companies enter the scene, don’t just look at what they shout about revolution; pay attention to what money they save. Saving money is more reliable than any narrative of a price surge.

So, sometimes when looking at the big picture, don’t just look at the candlestick charts! #night $NIGHT @MidnightNetwork

To be honest, those inexplicable friend requests on your WeChat, are they getting more and more? A couple of days ago, I looked through and found that in six months I added more than twenty "investment advisors" and "blockchain mentors", none of whom I know. Later I realized—some time ago I carelessly logged into a mining mini-game with WeChat.

Data is like air in the Web2 world, everyone is consuming it, and you don't even have a mask.

Old Cha mentioned something at the Hong Kong Consensus Conference, which was quite to the point: the current internet forces you to choose between "naked" and "get lost". You go into a store to buy a bottle of water, and the owner says to place your ID here—absurd, right? But you do this kind of thing every day.

The dual ledger that Midnight created essentially separates "who you are" from "what you can do".

Let me tell you a scenario: you go to rent a house, and the agent wants to see your credit report, but you don't need to let them know what strange content you've liked on Douyin. You go on a blind date, and the other party only needs to confirm that you are single, without needing to dig through your Taobao shopping history.

I've pondered Fahmi's words for a long time: "The most valuable thing is not the data itself, but proving the data's validity without exposing privacy." This is not a problem that code can solve; it's a rewriting of the game rules.

The old-timers at MoneyGram have laid down a payment network in over 200 countries, and now they are coming to be Midnight's federal nodes. Do you think they are just idling? They are actually very focused—whoever can make users feel that "sharing data isn't painful" will be the boss.

That brother of yours who made a few bucks with NIGHT and ran away probably regrets it now. What he sold was not the position, but that opportunity of "being able to use it without bowing and scraping".

#night $NIGHT @MidnightNetwork