GM, GM good morning. Good morning folks.
It is another beautiful day to have a beautiful day.
Welcome to episode 146 of FOMO Hour.
Today is Wednesday, June 26, 2020 444.
It is Blast day. It is finally here.
The BLAST token is live for. Oak's not going to make the
show, but we have perhaps Mr. Blast himself, one of the the
PICO top folks on the Blast leaderboard with us.
He is back a returning Co host. OVOSFGM how are you?
GM man. Yeah, I'm doing well.
How are you? Doing great, very excited today
feels kind of like the Super Bowl, like I was a little bit
like nervous last night, like butterflies in the stomach.
Didn't sleep super well and I don't have as much on the line
as other folks do, but could still be potentially a, a, a big
day. So I'm pretty excited just for
some of our listeners. I hear you are on on baby watch.
Is that the? Is that the case?
That is, that is the case, yeah. Any any day now.
Basically it's if I have to randomly leave this show in a in
a hurry, you you know what's gone down.
Is Blast a front runner for potential names?
Yeah, if if we're above 10 billion FTV, I'll call my baby
Pac-Man. How about that?
I think that is a good deal. Well, folks, today's a special
show. We got Amanda, He's got us.
Yeah, sorry, just a little bit late.
No problem, we're all running late.
Blast. Was heat up in the sand like
that? Do you have to have?
It's hot, man. It's really hot.
The heat wave in London and there's no air conditioning.
All my windows are open but I just need something in my face
because it's so hot. I live in Portugal and I've
never had to use a fan. Do you have air conditioning in
there in Portugal? Oh yeah, I guess that's true.
Yeah, right. No AC here.
No AC. Famously.
Folks, I, I encourage you to join the stream just to see
Ovi's windblown hair because it it is incredible.
A nice little backdrop for a blast day.
Folks, today is our blast show. We are going to sweat the early
action live. It looks like we just got the
update from the team, so we will break that down.
Mostly a quiet day. Otherwise I think we'll do a a
quick market report pending how the show goes.
Think a few headlines majors are chopping the the German
government keeps selling the ETF approvals seem to be moving
smoothly. Maybe next week we've got a new
bill in Congress that would let Americans pay taxes in Bitcoin.
Thought that was interesting. It's a lot of the big news they
they debuted blinks yesterday already several use cases rolled
out for those rainbow wallet rolled out ETF rewards.
A bit of a disappointed Sotheby's auction with a gold
fur board ape selling for 77 ETH.
I think a full spectrum squiggle sold at a 90% loss.
So those were a little bit rough results.
Ruiz and Ordinals saw a nice 10 to 20% rebound And of course,
blast blast is the the top story.
We're going to dive in deep before we dive in though,
today's show. It is powered by moon pay.
So to buy and sell crypto with PayPal, download that moon pay
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Shout out to our monthly partners.
Also, folks, roll bit is back. We're doing the roll bit spins
at the end of the show to make sure we're not I.
Think we're not, I think we're not.
I think we that we, we just send the chat.
We're going to delay him till till Farrokh is back.
We're just going to focus on last Daddy given we have him
here. All right, we're going to focus
on blast Daddy. That sounds good to me.
I'll, I'll, I'll kick us off with a quick intro and then I I
think everyone's here for. I was sad to get his thoughts.
We got the tokenomics yesterday. So BLAST tokenomics 100 billion
tokens, 50% for the community, of which 17% are going to
AirDrop, 125% for core contributors, 17% for investors,
8% for the BLAST Foundation. I think notably all the tokens
going to investors and the team have a one year lock up with 25%
vest per year. So the team is not getting their
tokens anytime soon. That was notable.
With respect to the AirDrop, 17 billion tokens are coming out
for phase one, 7 billion going to blast points, 7 billion going
to blast gold, 3 billion for blur.
Of that three billion, 1.5 going to the blur stakers, 0.5 billion
for the blur farmers and I believe 1 billion for future
rewards. The other key aspect here, top
0.1% of holders will vest part of their AirDrop linearly for
six months. So we, we've got someone on
stage with us who will be subject to vesting.
So folks, if you haven't been out on that leaderboard, OSF, he
had 12.7 billion points, 159,000 gold.
He was 80th in points, 33rd in gold.
So I think it's fair to say he will be subject to vesting.
I guess. Obi, let's just kick it off to
you. How are, how are you feeling
here day one? How are you thinking about the
AirDrop? Yeah, I don't know, Like for me,
I know obviously I have a a decent amount of points in gold,
so I'm hoping for a big number, but I didn't really spend too
much time on blast. You know, like I think for some
people you, you sort of had two ways to play it really if you
were serious about it, you could Ridge over a lot of capital and
do things that may be very capital intensive but not very
time intensive and collect gold and points that way.
And that's kind of what I did. And I know some people maybe
bridged over like 0.1 ETH or 0.5 ETH or whatever and then just
grinded really hard in all the different daps and collected
cold that way. And I kind of feel like if
you're in the second category, you actually care about it more
than the first category because you've spent so much time doing
this stuff day in day out. And it's very, it can be very
meaningful task and some of it's not that much fun, but it's just
become like a big part of like the, the true farmer's life over
the last six months. And so if that was me, if I'd
spend like, if I'd spent that much time on it every single
day, like hours and hours every day, which I know a lot of
people have, I'd be like, man, this is, I really hope this is
good. Because otherwise I've, you
know, worked so much in my life. Whereas for me it's like, well,
you know, all I've really done is like, I've bridged ETH.
So I still hold ETH and I'm happy holding ETH.
That's just something I would have held anyway.
And on top of that, I've earned whatever it is.
It is like 3 or 4% on the ETH and the only big, you know, the
main big move I made on blast was to buy a lot of PAC moon and
that's kind of paid some dividends in in in blast gold
obviously as well. So for me, it's like worst case
scenario, I don't make that much on it, but I still have most of
my ETH and I just have I would have had ETH anyway.
So I'm not really like that, you know, obviously I'm excited by
it, but I'm not really like, Oh my God, I need this to be super
high. Otherwise my life's over sort of
thing. Like I'm, I don't think I'm in
that camp. Yeah, I think and we saw some of
you. Can always pawn the fan for
extra cash. Fan fans keep playing it well
right? The pack moon was the at that
exact moment where the lottery started.
That was the play, like you've got more gold in a one week
period than people anyone has since because the lottery
stopped really going right like or at least much smaller for all
the other things. And before that, it just feels
like you had that one. You had that two week period
where if you're in PAC Moon, you basically were you could
basically massively outperform. I don't know, I feel I feel like
this is going to be an interesting one.
Like it's definitely going to be an interesting one.
I think. I still think the 8.5 FTV that
was bound around yesterday is high.
Like I think coming in above Arbitrum would be high.
I think 5:00 to 6:00 would be a decent shot.
And I think, I think the vesting is smart.
I think everything actually about the tokenomics is way
better than what we did with Blur, right?
So nicer tokenomics, nicer Cliff the the idea that top whales
can't dump on it, which is kind of what the issue to some extent
with blur was, is was very top heavy because there's only like
1000 people really regularly farming or even less right in
the hundreds. So I think all of that stuff is
really smart. I think it's going to be
interesting to see like how season 2 and season 3 develops.
I just you need new with the how the blast ecosystem works from a
from a distance is you like you need new games, you need new
like Ponzi's for everyone to like play each time for it to
like to keep. That's how I, I continue to
think is the best way to look at blast like a big game fight sort
of ecosystem where like you're greatly going in and playing the
game each day and everyone's trying to play play to get this
blast gold or, or point or whatever.
And I'll I'll be interested to see like which new things come
in in the in the second-half. But but I do think everything
else looks good to me. I was surprised I didn't get a
big listing though. Like why do you think that is?
Is it because Coinbase just want to do base?
But Binance should be listening this thing right?
I. Think.
Binance is listening to this. Yeah.
I think Coinbase, I think they have some stricter regulations
now where if there are tokens that have private sales, they
don't list them off the bat at launch.
So they have something to do there Coinbase and then for
Binance, maybe they just asked maybe just to the thing where
they asked for about 10% of the supply and blast for like
actually you know what, we're not going to do that anyway, so.
5 bits. You could be obviously big.
But yeah, but I've heard Binance have egregious terms and that's
been a criticism of them as in the past few weeks and obviously
all the low float IFTV stuff and many Binance Launchpad tokens of
Laura as well. So that's been a big criticism
of them. But yeah, maybe they maybe
they're like, yeah, if you want to be on here, it's 10%, you
want 10% of the supply. And that's obviously just like
an insane number. So maybe they they were like no,
or maybe get some outs later. I don't know.
It would be silly for buying outs not to list it because it's
going to do so much volume and you're just missing out.
Maybe it's. For that.
Yeah, same thing for Coinbase. You know, maybe you don't get
Coinbase day one, maybe it's not like ATGE type listing, but
maybe get it after. And remember Blur is on is on
Coinbase so it could be something that comes in in
future days. So is how is it trading it?
I don't know. I mean, yeah, I, I, I don't
know. I mean, no one has their air
drop yet, I guess, right? So.
Is it not? Would be right now.
Well. Well, I haven't been able to.
I haven't seen a post tweet from last year.
So they did tweet. They did tweet.
Yeah they they tweeted right at and ten O 2 so that they missed
the cut off by two minutes blast is now live.
You have 30 days to claim your phase one AirDrop so it is a
claim phase two now begins enter the full stack chain.
Our mission is to unbank the bank.
So yeah, they've got this new it's.
Live on vibit is it vibit trading it?
No, I think it goes live on vibit in and out in 14 minutes
time. OK, so we're still on our or.
Is it just on? Is it just live natively on
blast? Maybe?
Surely somebody's trading this right now like.
I'm not seeing it. Is Ava trading?
Probably on thruster, right? Which means it should be on
decks, it should be on the blast deck, should be on seeing.
The contact address must be out, so we should be able to.
Ava's Ava's Trading Ava's trading 2.3 right now Two point.
3 billion FTV, yeah. But that.
Oh wow, this claiming experience is pretty cool.
It's like a video of Pac-Man and he's like saying stuff.
Oh, I found it all right. I think people are getting he's
getting funded for that to a certain extent.
I think it's cool. Looks like it's at 2.023 cents
here. Where where is?
Where is it at? Let me see if I can get the the
screen share up and go on. I just found it on on decks one
second. Yeah.
So it should be trading on on thruster, right?
It'll be trading for sure now people are claiming it.
Yeah, it's got like a a nasty looking chart.
It's going to take me forever to like, zoom in on this, but is.
That the right is that the? Right one, this is the contract
address that I got since before the the show, so I I have not
fully verified that I'll. Be right then yeah, blast.
There's so many blasts like fake.
Be careful for flake fake tokens here guys.
Yeah, I just have to like quadruple check this link that
I'm claiming off. I really have to watch this
whole video to claim it, Yeah. 2.3 billion, that's a little
low, lower than our targets. US, yes, definitely low, but
it's early days, it's early in the trading.
So I did have a look yesterday at ZK and ZK has gone down to
like 3.3. So that's gone down.
So maybe maybe I still thought it would come around 55 to
seven. I even said this does seem a
little bit low. I think the the the hopium here
is that it starts low and then starts grinding up a little bit
and then perhaps we get these listings in the next few, few
days. I'm trying.
I'm trying to the faint. Of you'd rather it start low
than go higher than start high and go lower, right?
Yeah, I would. It looks like a buy to me, but
at the same time you have to be the one who wants to buy it I
guess. Right.
I think a lot of people said they were going to sell it
straight out of the gate, the gate, right?
Like a lot of people have said that they were going to do that,
similar to like Frontech, where like the best moment to set up
was straight, straight away, there was that rebound.
Yeah, French that came to Ark, it went down and then it had a
there was a few days like a a decent window where it was back
over like 2 bucks, 200 million. Yeah.
So I think a part of it is everyone's been waiting for like
what is season 2? And unless it's buried in a
blog, I I haven't seen that. So I think that's part of it,
right. Like everyone's been waiting for
the incentives. Oh.
This is interesting. You need to install an app on
your phone to be able to claim it.
Wow. Yeah.
That's interesting. There's.
A whole phone app to this? That's interesting.
So that's gonna be a part of their unbanked, the banked
strategy it seems with this new full stack chain.
How do you have a phone app? I guess it's probably not an App
Store app, is it? It's just like a yeah.
I need to go claim my my gold. Yeah.
Let's take a look at this here in a minute.
I guess kind of maybe taking us back to the tokenomics while we
wait, I guess, Obi, any surprises from you when when we
saw some of the details how the AirDrop came out, any of the
best thing, what were your takeaways?
The best thing, I think there was some news about it earlier.
So I think it was like probably kind of expected.
I think what's happened here in in blast and also to an extent
in in blur as well in the last season at least is a large
amount of the supply has been farmed by small percentage of
people. You know, maybe like the top ten
or top 20. I mean, even if you look at the
blast leaderboard, there's some like big counts on there.
So I think the idea was to like you need to have some sort of
vesting to yeah, I mean, look at that guy who's top right, 1.2
million gold. I don't know how he got that and
281 billion points. And the crazy thing is he's
invited by the guy below. So that possibly even the same
account top two, which probably counts for more than like, you
know, the next like 10 to 20 combined or something.
But I think they're like, I think they, they maybe got
pushed into a corner where I say, well, fuck, we have to have
some sort of vesting because the suppliers like owned the
ownership, the distribution is 2 top heavy.
So it's, it's kind of disappointing because obviously
everyone wants to get their money today, cash out and, you
know, go spend it on something. But, and I think most people
will be able to, it's really just the whales, so to speak
that aren't able to. I personally think and have
thought that there would be some sort of incentivisation to keep
your blast token on blast. And I thought maybe, you know,
you earn native yield on ETH, you earn native yield on on
USDB. And they could have had like
some sort, they could have created some sort of yield pool
for blast and given like a really high APR for earning
yield on blast natively. I thought that could have been
interesting. Even if it was just like 25% or
50%, whatever, that could have been an interesting way to
incentivise holding it. And if you if your amount, if
your token's vest, you're still able to earn it on those vested
tokens, on those unvested tokens, if that makes sense.
So that's kind of what I was expecting, but it seems.
Done something like that, haven't they?
They said something like you can get extra.
Yeah, I mean, Wasabi has a. Wasabi vault that you get.
Yeah, you can. You can put stuff in Wasabi
vaults and earn a bit more yield, but it's not the same as,
I mean, you're still putting it into a smart contract.
Whereas if you were like earning it natively on blast, I think
that would have been pretty cool.
The thing that's really getting me here is how low the liquidity
pool is. I thought they'd be incentivized
liquidity LP ING here. Like the liquidity pool is 3.6
million. I mean the epic duck has a
liquidity pool like not too far off that like.
Yeah, but they probably haven't seeded the decks, right.
It's probably the central that's.
What I mean I thought you'd seeing what you had just said
they should have done incentivize liquidity LP ING I
think because then you would have got a big LP right?
Like a big like $100 million LP for people to trade it.
I don't know if I'm reading that wrong, but that seems like a
really low LP for a multi billion dollar token.
It's it's under 1% right? Like it's nought .1% is is the
LP? Yeah, see I, I just claimed my
tokens now and I have 25.2 million tokens, but I'm only
able to claim 5 million of that so many only able to claim 20%
of it and I think there's going to be yeah, so 5 million table
now the remaining 20 million is vested over six months monthly.
So that's not too bad. That's not too long a vest
period, but. So the float's going to be
significantly lower than the 17%, yeah.
And then you have various goals. You have various point goals to
hit every every month in order to fully vest each unlock.
Basically, it's not guaranteed. It's not guaranteed, no.
You actually have to do things every month to unlock your
vesting, Yeah. What are they?
Do you have anything like do you just have to like hold and
stake? You have to watch the video.
You have to watch the video and repeat.
That's 1000 pass points right there, so.
I've just tried to claim. Now it looks like I have to wait
30 minutes to be able to claim the AirDrop.
I guess that prevents people instantly dumping.
So who? So who got their tokens already?
I guess is the. Some people must have, yeah, I
mean, I'm doing this right now. People who've maybe started
ahead of time have probably done it or before me anyway.
But yeah, so it looks like there's a bit more of a Ponzi to
continue for the next six months to get all your tokens.
Is is the outcome here? That's not.
Excuse, I love having the rec guy channel.
I literally did nothing and all I got was $250.
Fucking disgrace. You'll see a lot of that on the
timeline. I reckon you'll see this token
rally when the centralised exchanges go live.
I reckon there's like no one doing anything, like people not
doing anything on this on the decks.
This is reminding me. This reminds me of Friend Tech.
That's basically what I'm saying is is because the LP is too low,
everyone's coming in to sell it. So you get this horrific price
action from the from the outset. If they launched on a launchpad
like at the same time, you would have a slightly different
situation. But this, this is actually
harming their valuation in my opinion, because people are
coming out and instantly dumping it into a very small LP, three
and a half million. I mean, isn't that, isn't that,
isn't that a good thing though? Isn't that a good thing for
whoever is just sitting there, just accumulating it all and
then they get on the sexes and start bidding it?
One thing I know you're going to up those estimates, those.
Estimates. I reckon we all end the day, I
reckon. I mean, if you bought, not
financial advice, but I reckon if you bought Blast on the decks
right now at 2 billion mark, two cents, I reckon near the end of
the day closer to four cents or above.
I think it's tough to argue objectively that this is where
it should trade. I think they should trade at
least parry to ZK sync and ZK sync's at 3.2 like ZK sync is
AZK roll up. We've already spoken about how
it's slightly different tech, but this seems about 50%
undervalued to me. This is the This is a.
This is a very smart way to do it.
Put no LP on on the on the decks have it all the people who want
to dump dump immediately at like very low prices, accumulate a
large amount of tokens and then just start bidding it when
you're on buy bit basically. And then people are going to oh
fuck. I wonder who their market maker
is. Yeah, curious.
This is so many similarities. Yeah, I mean that's what
Frontech did, right? Like it did dump and then
everyone sold and then suddenly it went back up to two after
that it didn't then did then subsequently dump again.
But like the trade from the market maker is probably to buy
it here and. Yeah, I'd agree.
The other aspect is the information.
So Frontech launched in the middle of the night with, with
no announcements or anything. It's kind of similar here.
Like we learned, like we OK, we, we got the updated bio, but we
still have no idea of what season 2 looks like.
There's no yield right now for, for staking blast.
Like I checked the Wasabi pool, it's still at 0%.
That doesn't feel right, right. So like there's, there's more
incentives assuredly coming. So yeah, I'm getting blow.
Up kind of tempted it would be. Different though, like it would
really just be the same, right? It would be the same form of air
drop. Like you have to interact with
the dapps or like what What What are you waiting to hear from
about season 2 is basically what I'm asking.
Probably the incentives to hold blast like what what yield could
look like what what type of return, what what what
additional points you would earn out from that.
That should have been done. Like that's one thing I would
criticize it is that the if they were going to do it this way, I
personally think they should have done an incentivized LP
from the start. Like if this LP right now was
sitting at, I don't know, 100,000,200 million, I guess
what's the current market cap? It's difficult to work out what
is the current market cap of this, this coin.
It doesn't say that there right. But if it was a decent sized LP
you would be it would it would hold much better than this right
now. You know, it's interesting if
you go to blast dot IO, they've restarted the season and there's
a new gold jackpot which is at 1,000,000 gold right now.
All the multipliers have been reset.
So we are definitely running this back, which makes me think
there's going to be some more things here.
You're going to get, you're going to get basically you're
going to you right now you get certain amount of points for
holding USDB or ETH. You're going to get more points
by holding blast. And my guess, I still think that
they're going to start to add more tokens, maybe maybe not
NFTS, but they'll probably start to add other tokens which you
can earn to hold from I think. Yeah.
Well, this is, yeah, this is breaking.
We've got DS on stage with us. They're coming to the show.
Deez, I hear you've been tweened like a madman.
I have been able to check live during the show.
What's on your mind? Oh, I mean, I, I was able to
claim my tokens. I didn't dump them because I
thought I felt low. I think what they're doing is
they're trying to get every person who doesn't want the
token out. So why would they incentivize
LP? Just get all the fucking jeters.
Just send them on the tokens, get rid of them, get them out of
the ecosystem. I I got not as much as OSF, but
that means none of mine was really vested.
I got 2,000,000 tokens instantly and I think another one
millionaire vested. So I started dumping some
Pac-Man actually because I saw the the jackpot go away and
think that's just pretty negative for Pac-Man.
So I started selling off some of that instead of actually selling
Blast. But I think we'll get some type
of stupid move like like OSF said, this feels really low.
If it goes lower, we'll just go down with the ship I guess.
Yeah, ship back packs down 30% from where it was.
So can we? We can buy this one if you.
Just take that rid of that Jackpot 3.6 OSF.
Opens the laptop. You still have enough.
You don't. You have enough exposure please.
Just getting the getting the extra lap via the second laptop
out here out here for a SEC. Yeah, So PAC's back at
24,000,000. It was at 31 million before the
show. Andy's fine.
Andy's totally unfazed. It's just turning.
In somewhere because people own. Andy Because they think it's
gonna go up like people own PAC Moon position.
It's gonna get airdropped. Like all of us are sitting on a
bunch of PAC Moon because we put out like 20 tweets early on and
didn't sell it. And it's like, this was worth
$200,000 at one point. I've done absolutely nothing
with it. Just comes the point where, you
know, the people who got Andy actually had to buy it.
They didn't get it for free for tweeting.
Yeah, that's a good point. And it was such an easy hold
because of all the the earning. But hey, these the jackpot
hasn't gone away. We just lost 2.5 million of the
gold tokens, but it is still there.
I think that's the wild card everyone's wondering.
Here's a thought question. If it launched, if it launched
last month, where would this have come?
Like just after that ETF headline Arbitrim was at like
nearly $2.00 worth of fuck. It was like this.
This part of this just feels like timing, right?
It's basically what I'm getting at here.
Like in the in this place that last month the market kind of
sold off. A lot of L TS got got hammered
in that move with altcoins. You had the top coin like PAC
Moon got screwed because of Elon changing the likes thing.
I think this could have come like 4 or 5X where it is right
now, right? I think as as somebody who gets
Arbitron every month, like it was not $2.00 last month, it was
like $1.10 cents. Arbitrary hasn't been $2.00
since March. Yeah, that's probably true.
The the first unlock was on March 17th for Arbitrum
investors and I sold it immediately and it was like
$1.60 and it hasn't sniffed that level since.
Yeah. So.
So yeah, I guess it was a one. It was a $1.10, Yeah.
So yeah, that wouldn't have been that big a difference.
I guess it just felt like the market was just there, like as
soon as that ETF got confirmed. But when was when was that
exactly? That was May, wasn't it?
Yeah, Late May. I still think you would have had
a lot of. Which is where the air drop was
originally supposed to be May 26th yeah this was the original
scheduled date and they pushed it out a month and then in that
time, you know, two major air drops we've seen the post air
drop price action no real buyers coming in doesn't help I.
Mean, I think the move if you're, you know, short term
bullish on this is just to provide LP on frustrate like
you're going to get a bunch of these tokens eat all this
volume. It's not a very competitive
liquidity pool right now. Like if you say that this is a
four $5 billion token like the the LP feels like the move right
now. I mean, the only downside is you
got to take a flight to Mexico to use this.
Fucking app just just went pretty big.
I just bought 500 grand worth blast.
Here we go. Here we go.
The hero we use put put my money where my mouth is.
Stake it on Wasabi. And move the token from a dollar
to point O 198 to point. To 2nd did not budget.
This fully absorbed did. You sell 500 grand worth of Pak
man to do this because it's trading like you did.
No, I saw I did it. I.
Did it ether ether? Blast not pack me.
I still, I still think other tokens will get other incentives
I think if it's not the jackpot, so.
Blast looks cheap to me. There's no doubt.
There's no doubt about that. I don't know about that more
difficult to judge because I think you're kind of right there
with the with the air drop and it sounds like season or V3 has
been slightly less well received just because this seemed less
innovative. But I did think that what you
were saying, I said the other day like they if they are going
to do something cool about this, they should do incentive like
incentives for meme coins. Let's be honest, like that is
what's driving all of the activity on base right now, all
of the activity in Solana. Exactly.
Yeah, you can you can talk about all these other Ponzis, but the
real one that's catching on here is meme coins.
And it it feels like they had a winner there.
It was trade. Where was it trading?
It was trading like 200 and 200 million right FTV.
I just, let me just put it this way there, there's no way that
the only way you're going to be able to earn points or gold
points from Blast Season 2 is from just USDB and E.
There's no way they're not going to incentivize some kind of
holding a blast. And if they do, then I've just
done something really super potentially.
But I think this is an opportunity.
And I think if I was Pac-Man or if I were the market makers and
we're trying to figure out, right, how do we, how do we like
game the gamers and how do we get all the, as Dee said, how do
you get all these people out? It is to run it with just deck
with low liquid, low liquidity, knowing people are instantly
going to dump it, take them all out.
And then, yeah. And cause the FOMO pump.
Cause the FOMO pump, Yeah. So let's see.
But I reckon I mean no, zero financial advice, but I think
this could be like a cheeky little like 2X today.
The other factor is that the team has for themselves has no
incentive for the token to to spike like crazy here this week
and then go down only, right, Like they're not touching
anything for a year. So I guess, and there is a
potential reality where we we get slower updates and roll outs
over a longer time period. We'll certainly see, I guess the
So what are you doing with the TV out?
So I think that's the the other $1,000,000 question like are are
you going to keep funds on blast OV or are you going to pull,
pull out? Yeah, I still really like ETH
here to be honest with you and I just don't see why I wouldn't
have ETH on blast if I can keep earning from it.
So I might just keep, you know, I may not be as active on trying
to like farm all the golden stuff like that, but just as
like a passive hold, I don't mind just keeping it on blast.
Even if I move into stables, I'd probably keep it on blast
because you get 10% on USDB. And yeah, I think I would, I
would keep it here for now. If I wanted to like convert,
move funds to Solana, whatever, then yeah, obviously I'll take
it off. But while I hold anything an
ETH, I would probably just keep it on blast.
That's the thing, if you're holding ETH, why?
Why not hold it on blast? Like what?
What are even the alternatives that would be close from a yield
perspective? What is the yield on on on
blast? Well, we don't know I'm the
blast token itself, assuming. It's going on ETH.
What? What did you get on ETH?
ETH. Is like 3 ish 3 1/2 percent now
I think. I think it's drops.
Maybe. Didn't Sobi tell he can give us
10% on ETH the other day? Yeah.
I mean, there's tons of different stuff about you to,
yeah, to get yield. But this is like native yield
run. But you don't have to do
anything. You don't.
You don't have to put it into a smart contract.
Obi's breaking. Obi's already have 10% on his
trade folks. It's that we're up to two 2.18
billion mark. I'm moving a little bit here.
Deez, if you, what are you, what are you going to do with your
funds? Are you keeping them on blast?
Are you going to keep playing Season 2 games?
Are you, what are you thinking around?
Probably just keep the minimum amount to get the vesting.
Like I think I have like 20 ETH on there right now.
But. That's how much that needs to
sit there to hit the points to get more tokens every month to
sell it probably do that. Like I'm still going to play
Fantasy Talk because I have all these cards and that's like the
only fun thing. And then I'll probably just
whatever ETH I keep, I'll just throw it in Wasabi for for the
extra points. But I'm I'm done with the the
bullshit Ponzi games that have zero due diligence in the gold
allocations. I'm absolutely done with that
shit. What is when you always say
these when you get sucked right back in you?
Know it's like. I'm sober, Sober summer.
So what was Blast Goal? I'm done, it's sober summer I
I'm looking at this. What is the valuation for it?
Well it's 8989 times point O2 three because you got 89 tokens
per gold so it's like 2-2 bucks. Yeah.
So lower. Lower than everyone's estimates.
More chicken. Mcnuggets, how's the property?
We came out at two after all of this.
Sam Stats He anchored us. He anchored us so high.
Can we just blame him for this? Is that where we're at?
Him and Moon? Where did Mooncat come out at?
Mooncat. He never thought it would come
out below 10 million. I'm actually tweeted earlier on
like a disclaimer early, just in case I'm wrong.
Guys, just be aware. Oh oh, smart retweeted.
That's smart. Oh, God.
OK, OK, let me pull up these steps.
This was it did basically come out where Ava was then
basically. Time to go back to more data
analysis and less forecasting. This is, I'll keep reiterating,
this is in my opinion, this is not really the true open.
There's been $10 million of volume, which is all people
dumping. I think when I think in in 15
minutes, when the when the sexes start, we'll see some
interesting. Yeah.
I agree. I think that was a good buy.
Like I said, I think I think it should be at least Power Acres
Ek which is like 3 point whatever 3.2 I think.
I think you'll probably see a lot of two sided action around
3:00. Yeah.
Gonna have to take a big tax hit on the ETH though, so I have to
kind of make it. Hold it forever.
Yeah. This is only bias now.
The 1st 10 minutes was literally maybe, maybe the 1st 20 minutes,
yeah, first 30 minutes was was literally only sells hitting the
tape and now it's flipped well. You should borrow against your
ETH instead of selling it. Oh, so when you when you do
these, you should always borrow against it.
So like, go on. To yeah, but is that?
Yeah, I guess so. Yeah, it is, yeah.
If you borrow against it's a good like juice or go to one of
the other ones and just borrow against it and then don't have
that liquidity. Wouldn't that be my credit?
My credit rating? I.
Don't even know what that means, but yeah, yeah.
Oh, that's a bit of a disappointment I guess.
But but so do you think people will just they're out now?
You think people will do like what these just said?
You think, you think, you think people are going to come back to
the casino at that price? Is it always do man they.
Always do. There's a lot of casinos out
there, man. What I was thinking about this.
So like what's the next big farm op though?
Like these, farmers are addicted to the game.
Epic, man. I don't know, there's, there's
always, there's always things to farm, right?
You could be farming Photon right now on Solana.
You could be farming I'd like to be farmers.
There's a bunch of Solana apps you could be farming up there.
L2L2's have been the popular farm.
I agree. For like the last period.
I'm not sure if they've been like the best farms in general.
DK obviously is disappointed as well.
And what other ones that we got like Linear and I don't know
which other ones. But yeah, I don't know, Maybe
Monad. Maybe Monad becomes some huge
farm bearer chain that's been one that people have been
talking about farming. Yeah, I still think it's, I
think it's blast. I think so many people are going
to stick around and the exit process is like you have paid
2.3% on orbiter right to get your funds same day or else
you're doing the 14 day bridge. 14 days, yeah.
It costs 2.3% to get it out. If you want to get it out
instantly, yeah, nice, smart. He's got your money trapped on
there. I think people are going to, I
think people who sold are even going to potentially capitulate
back in. That is the classic thing.
This also, that is the classic way to fuck yourself up on an
AirDrop. You sell straight away, you buy
it back on the hype. Oh my God, this has got a 10
billion and then you lose it again.
I've seen so many people do that.
Such such a classic move. I think many people will because
I've seen lots of like new people involved in Blast who
haven't. This may be their first decent
AirDrop or whatever. You know, I think that has lots
of people have come up from blast I think in the last few
few months. So yeah, I mean like take oh
nice big Wick that. What the fuck is with the
liquidity? Like it's the liquidity moved to
a different pool here. Oh, that's weird.
I can't even add it. I've been trying to add
liquidity for like 10 minutes because every transaction fails.
Yeah, the liquidity's at 621 K right now.
Who moved? Someone big remove liquidity,
you can check that on the liquidity providers and not
available that's what was that. What was that at the?
Beginning $1000 ticket here is moving it like 20%.
That's brilliant. Who?
What was the amount of liquidity at the beginning?
We had, I saw like 3.8 million, yeah.
They must be a different pool maybe.
Maybe it's all moved to a different pool.
I don't know which. This pool is on thruster.
Right, Thruster. Yeah, maybe.
There's another pool that everyone's just moved it to.
But it should still show on deck Screener right?
No, it's pool specific. It's.
Pool specific, yeah. Oh, I see.
OK, let's have a look. Yeah.
If anyone can find it let me know.
There is another one. There is another one.
There is another one, is there? Oh, no, see one that has.
There's one see, see one that has unless USDB see one that has
1.3 million in liquidity. That's the same one, I think,
actually, yeah. There's a week 1.
It's up to 1.5 now. So some people are adding back
in, I guess. Well, look at this chart.
This is if you if you if you zoom into the each chart.
It's like the inverse Christmas tree chart.
Yeah, zoom into this super easily.
Yes, but. If I go to the one second chart,
up to 30% since you're by back to 2.55 billion going up only
here volumes are low though. Volumes are very low, yeah.
Well, the LP is tiny. The 20.
Minutes to claim yours OSF. Did I hear that right earlier?
Mine is well, the time's gone up.
It's gone up to it keeps going up.
That says 41 minutes. Absolutely.
Seven days, it's locked for seven days.
Two, 2% exit. You got to start selling your
OTC at 50% haircut. Got to watch a 2 hour long
seminar from Pac-Man. Do we think more is coming
today, like are we going to get the incentives and the
information at like 5:00 PM Eastern or is it just going to
be guessing? Good speculation now.
I see this no see this tweet from this guy, I'll put it in
our chat. Deposited 50 million ETH $50
million and he got 100K AirDrop at TG.
What? He.
Do not. Chat, he may not have any gold I
guess, but still he probably has a massive vesting period.
I mean, that's something insane. Buzzed over 50 million.
Got 100,000 AirDrop on TGE. He's calling it a scam project
in the serial. Rd.
Entrepreneur. What did he do?
Like I think that's that's kind of what the other guy said.
You just put money on there. If if OSF hadn't been doing
stuff recently, you wouldn't have.
You would miss out, yeah, but. Massively.
Even even then, like with that amount of money you should be
well up there. And I guess his point is that
he's only getting some of it at tge so.
So he's still probably, I mean he's, it's probably 500,000
because he's only getting 5% or 20% or whatnot.
But yeah, it still feels a little low.
Any comments? So how so?
He only got. I'm trying to do the math on how
many tokens he got then. Yeah, I don't know.
We'd have to know. It kind of depends when he
deposited it and all that as well, right?
Like, yeah. So it's based on points.
I'm just going to spend the whole day watching Blast Price
on God. It's.
Up 30%. It's up 35% like.
That isn't what you were planning on doing anyway.
Got stuff to do man Busy I've. Got a lot.
Of stuff to do. Put up on the TV.
Well the the time on me being able to claim my air drop just
keeps going higher. It's now 46 minutes.
So raise those targets even higher because no one can
actually get through tokens and it's just all the.
It's funny, it's a countdown timer, so it says it shows the
time going down and it just gaps up.
You, Wiley Fox, Pac-Man. Jeez, did you get all your
tokens? Were you OK?
Two. Million.
With no delay. No delay dude, I got them at
like 10 O3. I was on the fucking pack
Pac-Man video, you know in kindergarten watching it.
Then they took me outside, made me put a app on my phone, made
me enter 4 words, made me scratch off 2 fucking lottery
tickets to get more points and and then I was able to get my
shit can. We can we claim it from the
blurb stuff as well nowadays? You don't want to see what the
gas fee is for that RSF. It's not worth your time.
I'll tell you that. OK, I'll.
I'll leave it. It was like $1400 in gas when I
looked for me to claim a $1500 AirDrop so I just walked.
Away did it one. $100 baby had to get it.
Money's money. If we even gotten, have we
gotten an update from the blur team here this morning?
I don't know if we have. You know, season four is coming,
all right? Yeah.
So season three is complete. Good A.
Few traders and blur holders can claim their blast AirDrop. 30
days to claim. How many seasons do you think
we'll have of blur trading and blast trading?
And what do you think the next Ponzi, the third Ponzi will be?
Take how much time it takes for all the vested tokens to get
unlocked to investors and then divide that.
You know, actually multiply that by like 2.
That's probably how many seasons we have.
The blur token is interesting here.
Is it? I mean as in in the in someone's
thought line up like what what's gonna oh, it's down here.
Looking good. What would cause it to pump from
here? Like what?
What's the bull case for Blair at this point?
Like turning the fee switch on perhaps?
I've been trying to to think about like what?
What, if anything, is going to cause this token to go back up?
I think they're, they're in a bit of a trouble there, if I'm
honest, because I think I think Magic Eden is in a good spot and
seems to have partnered like be willing to partner with like
some of the big projects. So I reckon if they turn on the
fee is basically what I'm saying.
Like they're they're in a bit of trouble there, right?
Like if they turned on a fee, what do you, it's not like they
can synthivize you with another token.
It's been a it's been a bit tougher than even with the
blast, right? I think that would have been how
they hoped to incentivize people.
It's not the easiest bull case to to lay out at this point in
time for Blur. I think it kind of feels like
the team is somewhat moved on to the blast at this point.
It's kind of my just broad read on all.
This. I would agree with that because
half the people who invested in Buller had no idea Blast was
coming. You didn't even make the
community the list, right? See, it's all there.
We watched half a million on absolute dog shit Ponzi games.
It's, I'm sorry, due diligence before getting hundreds of
thousands of gold and we couldn't even make a God damn
Community Board when we tweeted about this shit every day for
three months. That is no mission.
Matchy made it. Right guy made it.
Right guy. That guy put two weeks in the
yield, lost it all and never used the chain again.
And he's in the community. Actively healing monad and still
made it. Prank seed I think prank seed
was the. Last monad investors are going
to be going completely bonkers this year.
I cannot wait for the next. I don't even know how long till
this thing comes out. Yeah this is that that's what I
think is going to be the next thing they need Monet needs to
make a make a farm pretty soon. I think they've got an
opportunity here right People are pissed off or it feels as
though the timeline is definitely maybe not even pissed
off but just like disappointed so just go for it.
Are we are we really refreshing the jackpot right now?
I. Just want to see how fast this
means as we've got more more, there's more multipliers.
The multipliers are coming, there's 1212.
More new hoops are coming. God, we have such fucking
deacons. I got a one XI.
There was a a real story. I went out the happy hour with
the buddy the first week of jackpot and we watched the wheel
for a good 45 minutes because it was incredibly exciting at that
point in time. And that night is when it hit
the the 57 percent PAC moon jackpot, which was, I mean, just
a massive windfall. Like that's I mean, I said
that's probably how you got 1/4 of your gold.
Was that that one single night? Yeah.
It was fun make make jackpot fun again.
Is my request for for all this because it's?
I agree, it kind of went out with a whimper.
I agree they must have reduced the frequency of it or
probability of it or something because we went from like one
win every 16 hours to just nothing for a whole week I
guess, right? So.
Yeah, it never. Yeah, we can't even see the old
winners. Didn't feel too random.
It felt very controlled. Very nice buying on Pak man has
come in since the the massive dip.
It's already back to 8 and a half cents.
All right. Nice.
Yeah, that red Wick is getting totally annihilated.
Let's pull that up. Well, I'm really gonna look like
look like a tit if blast just pukes on I.
Well, at least you'll have 14 days to, to rectify it.
Nah, it's definitely coming. That that is a low.
No doubt in my mind that that was a low for, for, for the
last. I don't think it's going to go
to five feels. It feels as though it doesn't
feel like that's an environment, but I think it probably goes you
go to three or four. Looks like we've got more
negative reactions here from Moon Cat.
I'm going to try to pull his up here while we Moon.
Cat. Daddy damn I'm not going to lie,
shocked by how this went down. First thoughts.
Best thing was way more than expected.
Meaning need to stay for six months doing a lot more work.
That's understandable. The video was way too much and
over the top of my day so he hated the video.
The price is just horrific and below all my estimates.
No communications until the last second.
Guess he really lived inside his own echo and certainly
expectations were high. I think the blast gold targets
were were really up there. I think a lot of sharper folks
were kind of calling for like, you know, your expeditions are a
little high. Maybe he's closer to two to
four, which is still kind of where we might see this thing.
I haven't watched the video, so I can't comment communications
and this is kind of what I, I guess, like what else did you
expect that they never give you any information ahead of time
And you know, we we got. The what was the video?
Steph? You were a big fan though.
You'll I know you'll change your tune now that everyone else is
changing their their tune. Like what?
What? What did he say on it?
No, I didn't, I didn't. I had it.
I had it on on mute because I was concentrating on this on
this podcast. But I will go back and watch it.
My advice to anyone who's feeling, you know, Moon Cat and
everyone's feeling a bit down about it, I think just don't
worry. This is all part of God's plan.
Wow, we're going there, are we? It's about the friends along the
way. I mean, I mean, I think this is
part of a plan. I think I don't think this is
that is a. Hilarious looking shot.
Look at that. Look at the red candles on the
way down. That is, yeah, 1.96 billion FTV
looks to be the low here, shot all the way up to 2.75, now
sitting at 2.4. Alright, you'll be fine.
Yeah. You'll be fine.
Well, it's been a pleasure, guys.
Yeah, it's been a fun stream. Thanks for hopping on with us.
I think we could just stay here and watch the charts and and and
joke around all day. I know you've got other things
to to do. I'll be so thanks so much for
joining us, folks listening. Thank you for joining us as we
live sweat the first hour of the the BLAST AirDrop.
So I think more questions than answers we have right now, we'll
certainly see. I'm sure we'll be chatting about
it more tomorrow. We are going to go ahead and and
wrap things up here. Thanks Amanda.
Thanks OSF. Thanks to all of our listeners.
Thanks to today's partners. We will see you all tomorrow.
Good luck with that BLAST. Bye.