This space is hosted by eth_amc
Space Summary
The Twitter space delved into the world of DeFi projects, discussing market conditions, token performance, and cautionary measures against scams. Participants shared insights on market fluctuations, emphasizing the need to weather dips and appreciate the equilibrium of gains and losses. Additionally, the space warned against potential scams, advising users to avoid sharing wallet details unless under specific circumstances such as giveaway wins. Overall, the discussion provided a mix of market analysis and security reminders for participants navigating the DeFi landscape.
Questions
Q: What range was the consolidation of DeFi projects mentioned in?
A: DeFi projects were experiencing consolidation in the 4 to 5 million range.
Q: What should users be cautious about in the DeFi space?
A: Users should be cautious about scams in the DeFi space.
Q: When might tokens experience sudden price increases?
A: Tokens can suddenly spike in value due to market conditions.
Q: Why should users avoid interacting with suspicious messages?
A: Users should avoid interacting with suspicious messages to prevent falling for scams.
Q: Under what circumstances might team members request wallet information?
A: Team members might request wallet information only for specific giveaway reasons.
Highlights
Key Takeaways
- DeFi projects experiencing consolidation in the 4 to 5 million range.
- Market fluctuations are common
- and dips are part of the game.
- Tokens can suddenly spike in value due to market conditions.
- Be cautious of scams in the DeFi space.
- Team members will not ask for wallet information unless for specific giveaway reasons.
Behind the Mic
[
"Market conditions overall, guys, I mean, I don't know, I can't speak on anyone else's behalf but just from current conditions that I see right now in the market, you know, oil prices are skyrocketing right now, everything prices in general are just going up, interest rates, you know, just everything's going up inflation just across the board going up and kind of tapping into what John F Kennedy inspired. He inspired shit. This country, inspired all the way up until today inspired the quote which always stuck with me, you know, rising tide lifts all ships and bullish if he said it.",
"No, understand it. Get in right now.",
"Because Alfa Gold, Alfa Gold is the very first true market adoption platform.",
"That's basically what this is going to do.",
"Profit Max.",
"Let me talk a little bit about Profit Max real quick.",
"So Profit Max is another one of our rewards based reflections based tokens.",
"It's going to be by the end of this week, they're going to get certification.",
"They're going to get like cem's Cos soon everything you guys were talking about that was going to happen.",
"It's in the process of happening now.",
"But just a little bit about the purpose of Profit Max.",
"Basically the taxes collected from Profit Max go towards a token buyback.",
"And burn program.",
"Each transaction, 10%",
"of each transaction that takes place will be taxed as it goes into the liquidity pool.",
"And this whole aim of Profit Max is just basically to raise funds to allow us to push our Profit Max software.",
"So that software basically what it does.",
"It's a whole bunch of state-of-the-art technologies getting implemented in this.",
"And basically it's going to track your investments and it's going to allow you to understand where you stand in the profit margin area.",
"So just a quick little breakdown, that's what's happening and very, very excited for Profit Max as well guys.",
"It's going to help deliver some big things to this project and you know, right now I think holders are about a thousand holders.",
"Guys, keep going.",
"Keep showing support.",
"The guys there, I mean…",
"Another thing with Audit In Progress.",
"Audit In Progress is basically another one of those rewards-based tokens.",
"We have so many projects going on right now that I know it could get confusing.",
"Audit In Progress, what it does, it takes a lot of inspiration from the SHIB model which is, you know how SHIB has a very strong community and they do a lot of community giveaways.",
"And they're engaged.",
"Audit In Progress is similar in that aspect.",
"That's what they're trying to achieve.",
"So 10% of each transaction basically gets distributed to the holders.",
"It's going in the liquidity pool, and then 2% going back to the holders as a reflection.",
"So you basically hold it and you'll earn more tokens.",
"So if you're a big fan of SHIB, you might want to get into Audit In Progress.",
"I think that's a good project, guys.",
"We're holding very strong.",
"We're consolidating at, like a four to five mil range.",
"And, you know, I'm looking forward to what the next few days hold for us.",
"It just don't.",
"Don't let the market shake you guys out.",
"Guys, don't be scared.",
"Like, dips happen.",
"Red days across the board happen.",
"It's just part of the game.",
"You can't always be green, you know, it definitely has to have a balance of both.",
"Yeah, I agree, bro.",
"I agree.",
"I mean, I've seen.",
"I've seen tokens just turn around, bro, and just take off.",
"You know, like, with our first project, it went to this 270 mil mark up.",
"It was sitting like, sigh is going sideways for like a month, you know, like nothing was happening.",
"It was dipping like this is.",
"And then all of a sudden, one day, man, that one day came, and for some crazy reason, the market conditions changed and boom.",
"Hundred mil that it just exploded.",
"So don't get discouraged, guys.",
"And also on the same note, don't forget to do your own due diligence.",
"That's very, very important.",
"Yeah, and that's the thing.",
"You know, we cannot give financial advice, but it's just, you know, look at the facts, look at the details, look at the data, do your own research.",
"This token's vision and roadmap is very clear.",
"We have very transparent developers that are always in the chat.",
"They already gave us an opportunity to leap into the white paper, guys.",
"So do yourself a favor and just read that white paper.",
"Understand it, and I think once you understand it, you'll see the huge potential behind this project.",
"Absolutely agree.",
"So stay strong out there, guys.",
"We're definitely in a good position.",
"Absolutely, couldn't agree more.",
"So another quick point I wanted to touch upon is basically the LP staking.",
"It's still ongoing.",
"So if you guys want to provide liquidity, you'll earn rewards based on that.",
"If you're providing liquidity for the token, you'll be earning additional tokens through that.",
"And that's another thing that ties everything in together quite well.",
"Just understanding the ecosystem, becoming a part of it, just getting involved.",
"Because in this market, you know, being passive might work at times, but there's also a big reward in just being a bit more proactive.",
"It's coming together really nicely.",
"Absolutely, I couldn't agree more.",
"So, yeah, just get on it, guys.",
"You know, it's definitely going to be beneficial.",
"You guys are going to love where this token is going.",
"I'm excited for the next few weeks and months ahead.",
"Exactly.",
"I completely agree.",
"So, guys, real quick, let's recap.",
"We have Alfa Gold right now.",
"We have Profit Max.",
"We have Audit In Progress.",
"We have LP staking.",
"All of these things collectively are going to propel us forward.",
"We're definitely going to see some amazing things come out from all these projects.",
"Want to throw a quick thank you to everybody here.",
"I know it's not easy always being in the market and sticking through everything, but you guys are proving yourself to be truly loyal holders.",
"Thanks a lot, guys.",
"We appreciate your support.",
"Yeah, very well said.",
"I just want to touch on.",
"It's the end of the day and we all want to see greener days.",
"But like Sol mentioned.",
"Keep the market in mind.",
"Just remember, this is, this is all part of the game.",
"This is a long-term play.",
"This is not a pump and dump.",
"This is not something to get in, make a quick buck and get out.",
"This is a long-term play.",
"So stay strong.",
"Stay with us.",
"And we're all going to see the benefits in the long run.",
"So stay strong.",
"Very nice.",
"Very nice point.",
"I just want to, also, I think we should also just make sure that everyone's following the official chats: the Official Telegram, Official Twitter, the Official Discord.",
"We have a lot of scams going around.",
"Just be careful.",
"Don't interact with any private messages that you get from people suggesting they're from the team.",
"The team will never reach out to you through private messages asking for any kind of private keys or anything like that.",
"If someone's messaging you privately, it's a scam.",
"It's fake.",
"It's a scam.",
"If you interact with it, your wallet's going to get drained.",
"So do not get scammed.",
"Nobody from our team is ever going to message you.",
"Dm you ask you for anything, that has to do with your wallets.",
"Unless obviously, you win a giveaway or you win something, and we just need your wallet address to.",
"To send your.",
"Your winnings.",
"That would be as simple as just you pasting your address and we sending you the token so you never have to connect to anything.",
"just keep that in mind.",
"Don't get scammed out there, guys.",
"It's a pretty cutthroat.",
"But with all that being said, thank you, everybody, for joining.",
"I will talk to you guys in the telegram over the course of the day today.",
"I'll definitely be jumping in and out of there very often, so have a great rest of your day, and I will talk to you guys soon.",
"Peace.",
"Peace, love.",
"Peace."
]
