Just Sam doing Sam things...if you're running a decentralised project with any sort of token based governance, WATCH OUT!

Sam and da boyz are coming to hostile takeover your platform soon...Always remember, "Sam is nobody's friend. If Sam were an ice cream flavor, he'd be pralines and dick"

https://twitter.com/AutismCapital/status/1315082515346989056

On October 10th we held an AMA with ZeroSwap in our public Telegram channel.

🗣 Project Summary -

ZeroSwap is a new on-chain DEX platform powered by its own protocol.

The Zeroswap DEX features -

✅Multi-Chain Support (ETH & BSC)
✅On-chain Trading
✅Zero Fees
✅Liquidity Mining
✅Transaction Mining
✅DeFi Token Offerings
✅DEX Aggregation
✅Market Maker Support (no AMM)

The ZeroSwap Protocol features -

❇️Gasless Transactions - All on-chain trades and addition/removal of liquidity are processed via gas-less transactions, facilitated by transaction fee mining.
❇️Zero-Fees - Trading and addition/removal of liquidity on the protocol is at ZERO cost.
❇️Rewards -Users earn rewards from Liquidity Mining, each time they make trade on-chain and provide liquidity.
❇️DEX Aggregation - ZeroSwap aggregates liquidity from all the existing protocols to facilitate the best rates.
❇️Governance - A unanimous governance mechanism to govern the ZeroSwap Protocol powered by the ZEE token.
❇️Developer Friendly- ZeroSwap includes an SDK that allows developers to build and easily integrate into ZeroSwap using their existing workflows.

ZeroSwap launches in late October with a ~$1.2m market cap 👀

Read more: https://medium.com/@wolfcrypto/zeroswap-ama-with-wolf-crypto-8cb02434fb9e

"We knew"

https://www.binance.com/en/support/announcement/9e27bdc2f5e94733aff13d605e8902de

❇️COTI is launching cVIX, the first decentralized version of the VIX for the crypto market, covering major crypto assets.

❇️ cVIX is created by computing a decentralized volatility index from cryptocurrency option prices together with analyzing the market’s expectation of future volatility and working in a decentralized fashion by using a network of decentralized Chainlink oracles.

❇️ The $CVIX token will be introduced and act as a governance token for the protocol and platform.

❇️ Holders of $CVIX will share platform fees and will vote on matters such as the tradable assets, leverage used, deposit amounts, platform fees, and more.

❇️ $CVIX distribution is a fair launch distribution model

No pre-mine
No token sale, no fundraising
No VC’s and no Whales

❇️ The total supply is minted gradually over three years and is capped to 32M $CVIX tokens, with no option to mint more

Allocations

$COTI native coin holders (3.2M tokens)
COTI — ETH Uniswap liquidity pool (1.6M tokens)
Other Uniswap liquidity pools combined (3.2M tokens)
Development fund distributed over 3 years (4.8M tokens)
Users of the cVIX platform for their usage and liquidity distributed over 3 years (19.2M tokens)

$CVIX distribution starts tomorrow! 👀

https://medium.com/@cvix/cvix-market-fear-index-for-the-crypto-space-74be7634dd5e

We're proud to announce the launch of DEC pre-staking is now live on Bitmax with 30% APR!

Full details below

https://bit.ly/3lGeP93

On October 13th we held an AMA with cVIX in our public Telegram channel.

🗣 Project Summary -

cVIX is a full-scale decentralized ecosystem that brings the sophisticated and very popular “market fear index” to the crypto market and is created by computing a decentralized volatility index from cryptocurrency option prices, together with analyzing the market’s expectation of future volatility.

By computing a volatility index (cVIX) from cryptocurrency option prices, cVIX analyzes the market’s expectation of future volatility and addresses the challenging liquidity environment of this evolving asset class, allowing for an extraction of the needed data to evaluate implied volatilities.

The cVIX index calculation follows the classic approach, based on the Black-Scholes option pricing model, adopted to the current crypto-market conditions, while working in a decentralized way. cVIX is an innovative decentralized, stable, transparent, informative and replicable benchmark for cryptocurrency implied volatility.

cVIX includes a decentralized governance component, where holders of the $CVIX token can vote on matters such as the tradable assets, leverage used, deposit amounts, platform fees and more.

By participating in the platform, by either trading on the platform or taking part in the governance of the platform, $CVIX holders will be able to -

✅ Vote to change the leverage
✅ Vote to change the fees
✅ Vote to change D0 (opening position deposit size)
✅ Vote to change Dmin (liquidation position deposit minimum level)
✅ Vote on changes to the data source and aggregation protocol
✅ Vote on trading platform changes and enhancements
✅ Holders will share platform fees

❇️ The $CVIX claims process will start on October 14th and will be available to $COTI holders who have mainnet $COTI tokens within the COTI Pay wallet.

There will be eight claim periods for $CVIX tokens over the next eight weeks in which 10% of all $CIVX tokens (3.2m $CIVX) will be distributed to COTI holders. A minimum of 10K $COTI coins is required to make a claim, with this being limited to a maximum of 500K $COTI coins per wallet to ensure fairness.

❇️ Users who don’t hold mainnet $COTI tokens in the COTI Pay wallet will also be able to claim $CVIX tokens by providing liquidity to the COTI/ETH Uniswap LP. 1.6m $CVIX tokens will be able to be claimed in this process, starting on Friday the 16th of October.

Read more: https://medium.com/@wolfcrypto/cvix-ama-with-wolf-crypto-24c12377d2aa

SUSHI meets CORE meets NFT = 🚀🔥

❇️ STACY is the governance token for CHADSWAP - a cross-chain AMM with Meter
❇️ The initial and total supply of STACY will be 1 billion — all STACY will be minted on TGE and no more STACY will ever be minted again.
❇️ STACY will be bootstraped with a liquidity generation event (LGE). The LGE will have a hard cap of 1000 ETH and funds will be sent to Uniswap once either 24 hours is finished or the hard cap is met.
❇️Following this period, the collected ETH and 1 billion STACY tokens will be converted to Uniswap LP tokens for the STACY/ETH pair. LP tokens will be distributed to liquidity contributors who may then stake them for STACY rewards
❇️ ALL LIQUIDITY WILL BE LOCKED IN THE UNISWAP POOL FOREVER!
❇️ All transfers and sells of STACY will be subject to a 2% (tentative) burn
❇️ Every 24 hours, 1% of the STACY in the STACY/ETH liquidity pool is burnt and redistributed to LP token stakers. This does not change the USD value of STACY/ETH LP tokens.
❇️ All STACY staking rewards will be subject to a vesting period. 25% of the rewards will unlock immediately and 75% will unlock linearly over 1 year.
❇️ NFT staking will grant bonus multipliers on staking rewards. These multipliers will increase the base rate of STACY staking rewards for CHADS/ETH LP providers. Staked NFTs will be subject to a stake and burn, the STACY rewards for staking the NFT will expire after a set amount of time and the staked NFT will be burnt
❇️ STACY farming will launch on October 26th. Phase II migration will occur within 6 weeks after this launch.

https://medium.com/@chadsvc/stacy-sushi-meets-core-meets-nft-2e97d82e5b0b

Off Blue and the scammer Blue Kirby are rebranding...who could of picked it? Oh that's right...we did...

Don't fall for this shit again please...

https://seen-haus.medium.com/seen-e6046ea5fc42

Ruh-roh...

"One of our private key holders is currently cooperating with a public security bureau in investigations where required. We have been out of touch with the concerned private key holder. As such, the associated authorization could not be completed. "

The Bitmex scenario in action!

https://www.okex.com/support/hc/en-us/articles/360051090391-Suspension-of-Digital-assets-Cryptocurrencies-Withdrawals

#TokenLaunch

Announcing the Launch of Zeroswap Token (ZEE)

We are excited to announce that on Monday, October 19th, 2020, we will launch ZeroSwap Token ($ZEE) on Uniswap and Mooniswap at 12:00 PM UTC | 5:30 PM IST

‼️ IMPORTANT THINGS TO NOTE DOWN ‼️

🚨$ZEE will be launched on Uniswap and Mooniswap with the Base Price of 0.0004 ETH against ZEE token

✨Our Uniswap Trading pair would be https://info.uniswap.org/token/0x2eDf094dB69d6Dcd487f1B3dB9febE2eeC0dd4c5

🎗️Our Smart Contract Address is already live on Ethereum main net — https://etherscan.io/address/0x2eDf094dB69d6Dcd487f1B3dB9febE2eeC0dd4c5

📄To know our Tokenomics, check it out https://zeroswap.io/zee/

Read more about ZEE Token Launch here 👉 https://medium.com/zeroswaplabs/launch-of-zee-token-19-10-2020-26e9f2f72751

Chad finally found his love STACY and they're launching Chadswap

If you wanna farm STACY, you'll need a common NFT to get that sweet, sweet 15% bonus. (Yes, using NFT to get yield farming bonus)

Throw in your ETH address and pray you get your Slick Sam, Blood Lau's, and Common $FEW Virgin cards.

P.S. cards get burned when staked for the 15% bonus, so those 1000 commons won't be so common soon...

https://medium.com/@chadsvc/chadswap-stacy-nft-airdrop-cb895e1073f3

Kucoin Exposed - Part One

The innocuous title makes this article seem like just another generic project update however it's really about all the shady stuff that went down between Kucoin and projects as part of the Kucoin hack, and other general shady processes along the way...It's a fairly long read but I encourage...implore...you to take a few minutes out of your weekend to read this...

KUCOIN EXPOSED (a much more appropriate title...) - https://medium.com/vid-foundation/kucoin-can-now-open-vi-withdrawals-d77c783f4541

Here's a semi TLDR with some extra information and analysis...

1. Accusations of Price Suppression by Kucoin Prior to the Hack...

How you say? Well this is the power of a CEX right, you have on-chain entry and exit, but once a token exists within their walled garden, it's essentially just an internal database...This means, and this is a direct accusation in the article, that an exchange can "mint" more tokens then they actually have and use these tokens are part of the internal trading on their exchange.

Remember infinite mint bugs in all those projects rugging over the last little while? It's essentially that...except because it's not on-chain and behind the walled garden, the "slow rug" is never uncovered...Of course except when there's a hack which exposes a bunch of on-chain data and forces reconciliation with the internal database...

VI accuse Kucoin of having SEVERAL MILLION extra tokens that were unaccounted for...hmm I wonder what they were using those for...

2. Kucoin's Insurance Fund (or lack thereof), Token Swaps and Bulling Tactics

Firstly, if you think Kucoin actually have an insurance fund that covers them for $150m/$200m...LOL...secondly, even if they did, it probably wouldn't cover the actions of an internal malicious actor and a private key leak, as admitted by Kucoin. So when you're put in a position like Kucoin is, what are your other available options?

The simplest one is to force the affected projects to do a token swap. This means that instead of Kucoin being liable for the lost amounts, they simply force the project to do a token swap and in the process reduce million dollar + liabilities down to almost nothing, as they then don't have to cover the cost of the lost tokens when new tokens can be issued.

Of course, you'd think that as part of that process, if we're talking the millions of dollars Kucoin would have to cover, that you'd cover the cost of the token swap on the projects behalf, however we have it on good authority from multiple projects that Kucoin didn't even want to do that, and instead forced the token swap costs back onto the projects themselves, in some cases to the tune of hundred of thousands of dollars.

This is why some projects have been resistant to token swaps, as they either don't have the money or the technical abilities to do the token swap, or they (fairly) feel that this is a ridiculous request from someone who should bear full responsibility and liability for any lost funds. After all, this comes with the assurances of listing on a centralised exchange right?

Bonus - Prior to the hack, Kucoin was asking projects to pay a $300K listing fee!

This doesn't even take into account the losses that both projects and users suffered as a result of affected tokens being liquidated on DEX's by the hacker and the associated losses to LP's on those DEX's.

Kucoin Exposed - Part Two

3. Accusations of Price Suppression by Kucoin After the Hack, Financial Pressure and Delays

So taking the above into account, if there are a few resistant projects re token swaps, as Kucoin, what do you do? Obviously there is some basic math in play. You owe a certain amount of tokens, at a certain price, to the users of your exchange. The example used in this article makes it pretty clear -

"If VI was still trading on KuCoin at 10 cents and 10 million VI is stolen, KuCoin is at a loss of $1 million. But if the price of VI goes down to 1 cent, then now their loss is only $100,000."

So forcing the price down and purchasing tokens to cover the losses at a lower price is part of this, but this also puts a huge amount of pressure on a project, to see their token getting rekt on an exchange while they are powerless to do anything about it (except do a token swap at their own cost of course!). If you're doing this though, it takes some time, so how can you stall for more time to carry out this process?

By delaying withdrawals of the token of course! This has the added benefit of causing a cascading effect in which users will liquidate affected tokens (remember Kucoin still allowed trading on affected tokens while all this was happening...LOL) in order to purchase other tokens that could be withdrawn.

By drawing out this process and delaying the withdrawal of funds by users, this also gives Kucoin more capital in which they can operate in the meantime, so the dreaded run on the bank scenario doesn't happen, where users try to withdraw more funds than Kucoin actually has...

If that wasn't enough, the article also accuses Kucoin of locking affected projects/tokens funds, just to stick the knife in a little more and apply a little extra pressure...

4. Botted Brigading of Telegram Groups by Kucoin...

Bots and Telegram, name a more iconic duo...However having an exchange who's main priority should be dealing with a massive hack, attributed by some as the third biggest hack in crypto history, spending their valuable time and resources brigading Telegram groups of projects with bot accounts forcing their own agenda on projects and their users speaks volumes of Kucoin's ethics and business practices.

Kucoin Exposed - Part Three

Mad respect to Jag Singh of VI for having the balls to call this out. Along with Stuart Farmer from Lamden, you two are our "Wolf Crypto Chads of the Week". It is only when respected voices in the community speak up in such a manner, with irrefutable evidence, that more of crypto's dirty secrets are exposed, and as such, helps move the space forward by exposing such tactics by some of the "Centralised Crypto Cabal" that pray and manipulate not just users, but projects also.

To all the project founders and leads who read this channel, of which there are many, and to those whom this post may be passed onto, this is a call to action for you. With the resurgence of DEX's and the supporting liquidity that has come with the DEX renaissance, projects no longer need to make a deal with the "CEX Devil". The challenge of CEX v DEX was always that with a CEX came the required and requested liquidity and this is no longer solely the case.

There is just as much, if not more liquidity that now lives on DEX's and unlike the CEX style devil's deal, DEX's allow a project to control it's own destiny, support and incentivise their own liquidity and not be beholden to the extortionary tactics of centralised exchanges.

RIP SAFE2
https://medium.com/@coverprotocol/cover-tokenomics-65c1a4b67a24

tl;dr:
• 52K total supply turning to 160K
• holders get only 0.5 per 1 token swapped
• rest will be introduced through "shield mining" in the next year

Addition of inflation, 84% dilution to holdings, and -65% in price, not a good day for token holders...