How's the Mitosis reward that was said to be mouth-rolled yesterday?
The rewards for Season 2 are quite something, and there are many reward spots; the top three hundred will benefit! Kaito is now online, so let's get started right away!
Reward distribution:
🥇 1st place: 10K miUSDC
🥈 2nd place: 5K miUSDC
🥉 3rd place: 3K miUSDC
🔻 4th–35th place: 1K miUSDC each
🔻 Additionally, the top 300 yappers will have future extra airdrops at the time of the snapshot!
What is miUSDC?
This is the yield-generating USDC of Mitosis (the EOL contract audited by @zellic_io), and the underlying strategy integrates top DeFi infrastructures like @yield, with an average APY currently close to 11%. Not only can you earn yields, but you can also use it in the future ecosystem of Mitosis: DeFi, perpetuals, NFT markets, and even games will use miUSDC as the primary native asset!
What’s the secret to climbing the leaderboard?
This is not what I say, but what the official says! The content direction focuses on having context and thought, not AI-generated fluff. Mitosis and Kaito have made it clear that only original, high-quality content closely tied to Mitosis will receive rewards!
Season 2 is a signal! The mainnet launch is imminent, and miUSDC will become the most important asset in the ecosystem; getting it means earning it! Let's work hard together, family!
#KaitoYap @KaitoAI @MitosisOrg #Yap $miUSDC @MitosisFdn
币世王
After the Japien TGE, I'm planning to get into two projects:
1/ Mitosis @MitosisOrg
S1 ended at the end of July, and now it's going straight to the mainnet. The top 35 will receive 50,000 miUSDC every month.
This gameplay is more interesting than the previous pure leaderboard:
Real stablecoin rewards, no fear of price crashes, and the rewards can also participate in ecosystem earnings! The period around the mainnet launch is the hottest time, so getting in early makes it easier to secure a top spot!
2/ Walrus @WalrusProtocol
Walrus hasn't started yet, but the official Twitter has hinted:
Using USD to reward the top spots on the leaderboard, without issuing $WAL! Details are yet to be announced.
The project team is still collecting community feedback, and they will likely add some on-chain gameplay later; staking, providing liquidity pools, and so on.
▰▰▰▰▰
The reasons I'm interested in these two projects are:
※ High reward expectations
※ After TGE, projects are often forgotten, creating opportunities with less competition
※ The period after TGE is often the best time to discover and build potential projects
※ Both projects have the same goal, not wanting their tokens to crash, so they chose stablecoins for rewards
One is stable, the other is new, and both can secure a position!
jayplayco
Comparing Walrus and Irys
First of all, @Walrus has already launched its mainnet, while @irys_xyz is still before its mainnet, so a direct comparison might be difficult. However, since they are among the most emerging projects in the decentralized cloud market, it would be good to compare them and look at them objectively.
Ultimately, such a market may see a single strong player emerge, but according to the spirit of decentralization, I believe that having as many competitors as possible and growing through mutual competition is healthy for the ecosystem and users.
Walrus Protocol Technical Structure
- Modular Design: An overlay structure utilizing the Sui blockchain as a payment layer
- RedStuff: 66% node failure tolerance with a replication rate of 4-5 times
- Delegated Proof of Stake (DPoS): Operating storage nodes through $WAL token staking
- More than 100 independent storage operators are active on the mainnet
Irys Technical Structure
- Monolithic L1: Integrating storage and execution into a single chain
- Hybrid Consensus: Combining useful Proof of Work (uPoW) + staking
- IrysVM: Directly reading/writing data objects on-chain
- Miner operating model per 16TB partition
The pros and cons are structured as above, but since Irys does not yet have a mainnet, it seems we will need to take another look after the mainnet launch.
From a technical perspective, Walrus has very efficient storage management (RedStuff), which excels in cost reduction, and it integrates with the SUI ecosystem, allowing for the integration of Move's smart contracts.
In the case of Irys, it processes files as first-class objects based on programmable data, embedding metadata and policy layers. It also has the advantage of being an independent L1 with no fee market and throughput limitations.
On the other hand, Walrus is already growing while storing over 1.1PB, and its token is already out, while Irys is still in a position where it needs to prove its growth ahead of its mainnet.
Walrus also has a deep connection with the Sui ecosystem, which may allow it to benefit from a halo effect alongside the growth of its mainnet, while Irys, being its own mainnet, has the autonomy to tap in freely. However, it differs in that it does not automatically create a large consumer pool like Walrus.
Personally, I hope that both systems, being relatively new and active, will bring superior performance, functionality, and a new breeze to the decentralized cloud market compared to previous competitors. (Ah, my old mining rigs that have become obsolete.... lol)
MartyParty
Liquidation Levels (Infrastructure projects) - August 16th
These will all grow over the next years. Expose to all of them accordingly.
$IKA - $104m MC
$WAL - $611m MC
$DEEP - $580m MC
$ZEUS - $45.8m MC
About Walrus (WAL)
Walrus (WAL) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Walrus (WAL)?
As a decentralized currency, free from government or financial institution control, Walrus is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Walrus involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Walrus (WAL) prices and information here on OKX today.
How to buy and store WAL?
To buy and store WAL, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying WAL, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.3K new posts about Walrus, driven by 788 contributors, and total online engagement reached 217K social interactions. The sentiment score for Walrus currently stands at 85%. Compared to all cryptocurrencies, post volume for Walrus currently ranks at 2575. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Walrus.
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Posts
1,337
Contributors
788
Interactions
216,619
Sentiment
85%
Volume rank
#2575
X
Posts
1,331
Interactions
216,544
Sentiment
86%
Walrus FAQ
What is cryptocurrency?
Cryptocurrencies, such as WAL, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WAL have been created as well.
Can I buy WAL on OKX?
No, currently WAL is unavailable on OKX. To stay updated on when WAL becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of WAL fluctuate?
The price of WAL fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
Monitor crypto prices on an exchange
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Disclaimer
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