Ordinals are cooking right now, but there is only one project that I am in with conviction right now and this is one of the most unique projects in the space 👀

The project is Pepe Punks by @SatoshiPunksNFT

What is unique about Pepe Punks? 👇

Pepe Punks are:
🟠 Fully re-inscribed
🟠 Inscribed on Block 9 Sats
🟠 Cursed
🟠 Listed on both sides on @MEonBTC

What does all this mean?

Reinscription is the process of inscribing a sat multiple times.

The Pepe Punks sats have been inscribed with a punk, but then reinscribed with a cursed punk.

What does cursed mean?

Cursed inscriptions are ordinals that for whatever reason, didn't receive and inscription number.
To fix that, they received a negative number

The code has since been patched to no longer support cursed inscriptions, so only ~ 400k exist.

1500 of these are Pepe Punks

You can see the cursed side of your punk by searching the inscription on @ord_io and then checking the sattributes for the cursed inscription number.

You get two punks for one Sat 👀

Block 9 sats are some of the oldest sats in circulation and were mined by Satoshi Nakamoto.

This is the same block on which @OrdinalMaxiBiz are inscribed.

You can choose to list / buy either side of your Punk, the cursed or Block 9.

If you buy a cursed, the block 9 comes with it and vice versa.

There are two separate marketplace listings to explore on Magic Eden

https://twitter.com/SatoshiPunksNFT/status/1764570796595581150?s=20

The team previously created:

🟠 Satoshi Punks, a sub 100K collection
🟠 $PSAT a BRC-20 token
🟠 Araafal, a decentralised raffle platform for Ordinals

And will build more, such as a staking platform and hopefully some Runes 👀

The team did disappear for a few weeks around the lunar new year and I have to admit I was disheartened as it was not looking good.

I was still super bullish though, because cursed and reinscribed is so rare.

The team are active again, they just needed a break 🤝

I just bought some more today and noticed that the floor is higher on the Cursed listings 👀

I can't wait to see what comes next from this team!
Check out the whitepaper link below.

Just hodl a punk what more do you need?

https://www.pepepunks.art/

Pepe Punks: A Unique NFT Project

Can an NFT degen become a perps trader?

Absolutely, if you are stubborn!

I'm back with another thread about my experience on @HyperliquidX

If you are an experienced trader then skip this, if you, like me, are new to trading then maybe you will learn something useful.

🧵1

I opened a trade at what turned out to be the local top, and immediately starting losing.

This didn't invalidate my thesis, so I decided that I wanted to stay in the trade, try to keep the trade open until it came back into profit, and hopefully collect funding too.

🧵2

In hindsight of course it would have been great to close the trade and open a short, but I am not a genius trader and do not have a crystal ball.

To keep the trade open, you have to make sure you have enough margin ($USDC) available in your account.

🧵3

There are two types of margin:

1. Cross margin
2. Isolated margin

Cross margin is more capital efficient, which means you can open more trades with the same pool of funds.

Collateral is shared across positions.

🧵4

Cross can become a bit tricky though, as if you had several trades on cross margin and one coin went rapidly downwards, your cross margin ratio could tend towards 100% and liquidate all of your open positions.

You can avoid that with sensible stop loss orders.

🧵5

Isolated margin will keep the funds allocated only to that trade.

This means if you open a trade on isolated margin, then if you get liquidated on this one, your other cross or isolated margin trades are not affected.

An example of a coin with isolated margin is $RLB.

🧵6

In my trade, I was in a cross position.

To maintain my trade, I closed my isolated trades, and this freed those funds back for the cross positions, reducing my liq price.

I then just watched the market, and as the spot price approached my liq price, I deposited more $USDC.

🧵7

This is not a very capital efficient trading method, but it is well know to us NFT degens.

Essentially I became a trade community member, and bagheld while the floor price was under mint price 🤣

This is a bit risky, as those added funds were at risk of liquidation too.

🧵8

While the price was going down, other traders were shorting whilst I was still in the long. This meant that if the funding rate turned negative, then I would be collecting funds.

This worked out, but not as much as I hoped.

I earned about 10% of the size during this trade.

🧵9

Overall this was a super cautious approach at a risky trade and has worked out okay.

It worked for a long as we are maybe starting a bull trend, it would also work for a short in a bear trend.

Thanks for reading!

I'll be back soon with a thread about Hyperps.

🧵10

From NFT Degen to Perps Trader: My Journey on HyperliquidX

It's been a month since I started trading on @HyperliquidX, so here is a thread about my experience on the platform, and some of the ways that you can use it to make money.

** Long thread full of my opinions, NFA **

🧵1

Full disclosure, I am not an influencer, or a paid shill, I am simply sharing my findings here to help educate others about trading perpetual futures, which I always thought was something intimidating and probably not for me.

🧵2

Also, my size is not size. I started trading with $46, which I gained from selling 2 free NFTS. If you want to learn how to mint free NFTs and how to maximise your profits when selling them, then I encourage you to join @rekt_gang.

🧵3

You can earn money on @HyperliquidX in the following ways:

1. Trading perpetual futures
2. Funding arbitrage
3. Open interest rewards
4. Referring other traders
5. Depositing in Vaults
6. Airdrop farming

I will go through these and share my experiences

🧵4

1️⃣ Trading Perpetual Futures

I'll simplify this as the ability to go "Long" or "Short" on a cryptocurrency, using leverage if you like, with USDC.e as margin.

I always wanted to be able to "trade the news" but shied away from trading on Binance due to alleged manipulation.

🧵5

Hyperliquid is a DEX on it's own L1 on Arbitrum, the team collects no revenue and there is no treasury.

IMO it seems open and transparent, & lists coins that are not on main CEXs, so it can be free of the alleged "cartel" manipulation.

They also have some "cartel" coins

🧵6

If you, like me, spend huge amounts of time on CT, then you will know that a couple of times per year there will be free money on the ground, and it's our job to pick it up.

How to?

Zhu Su gets arrested?  ==> go short on $OX

BTC ETF approval rumours? ==> go long on $BTC

🧵7

These trades are really risky of course, but I only trade when I feel I have an edge.

I typically set a stop loss (SL) and -25% and a take profit (TP) at 100%.

Then if a coin moves down, I don't lose more that 25% of my margin, and if it moves up violently, I get double.

🧵8

In this way, I can set up a trade and then go back to my day job, or go to sleep if it's late etc, and don't have to stay glued to the chart.

Set it and forget it. ✅

Also setting a TP is helpful so you don't round trip your profit back to a loss.

🧵9

2️⃣ Funding Arbitrage.

Funding is the way that the price of a perp is kept close to the underlying asset price.

Too many shorts, funding is negative.
Too many longs, funding is positive.

🧵10

You can check the funding rate and take the opposite to the popular trade. Then you will be paid the funding every hour.

It can be that you lose on the trade, but actually make profit on the funding.

You can also win the trade and make profit on the funding.

🧵11

https://twitter.com/BrenOfTheGlen/status/1713600150298345634?t=gqFXHa8H3PT9zIFW0-tjCQ&s=19

Conversely, if you are the same side as everyone on a popular trade, you will pay funding every hour and see this deducted from your deposits.

This should not be overlooked and could potentially reverse your profit.

🧵12

3️⃣ Open Interest Rewards.

This is 20% of the net fees collected, paid out weekly & the amount you receive depends on which assets you trade.

If you want to maximise this, then trade assets that have low open interest.

I have not gained much from this, < 1% of my deposits

🧵13

4️⃣ Referring other traders

Know any traders whose size IS size?

Refer them using your HL ref code and earn a portion of their takers fees.
You can make a ref code once you have traded $100 of volume.

I can't comment on this as nobody had used my code yet 🤷‍♂️

🧵14

5️⃣ Deposit in vaults

Anyone can deposit into a vault and profit from the trading / market making strategy of that vault.

You can deposit USDC.e into a vault of a successful trader and earn APR based on their performance.

🧵15

I have deposited into the HLP vault, this is the protocol vault which does market making and liquidations.

At present it has an APR of 55%.

I am depositing profits there so I don't trade everything to zero.

🧵16


6️⃣ Airdrop farming

HL will launch it's own L1 token and activity on the platform will likely be monitored and snapshot-ed for a potential airdrop.

I am trying to use every part of the platform to maximise my chance at getting some airdrop.

🧵17

My honest review?

I love it!

I had losses and wins, but more of the wins thankfully!

Currently I am down in an open trade but I have plenty of margin to keep me going until it comes back to profit (🤞), and meanwhile I am collecting the funding.

I have learned a LOT!

🧵18

To learn how to onboard to HL, check this excellent thread by @KingJulianIAm

I used your ref code Xuli, so enjoy that $1 you earned from me 🤣

🧵19

https://twitter.com/KingJulianIAm/status/1703841219489485117?t=GP6ksGVaC6hWF9YWrmdNgA&s=19

If you made it this far, then thanks for reading my first thread in a looooong time 😂

I'll get back to making GIFs 👋

Trading on HyperliquidX: My Experience and Money-Making Strategies

When I started out in crypto I felt completely out of my league.

How to know what coins to buy? What will give me an edge?

I came to understand that I need a set of criteria for choosing coins that makes sense to me.

Here are my criteria and 5 coins I have been stacking.

🧵1

First off, this is not financial advice.

These are just my justifications for buying, and my outlook is 4 years overall, so cashing out in 2025.

I have been on the sidelines when big gains occurred because I missed narratives outside my criteria.

🧵2

The first thing I look for is small-ish supply.

Personally I get put off by coins with 10 BN supply.

I typically prefer coins around 300M supply.

🧵3

Next, I want to see a team that actually delivers products.

DEXes, NFT marketplaces, wallets, swaps.

It is important that a project can create revenue, and not have to always issue more supply to pay back early investors.

🧵4

Linked to that, the coin should have a function.

Memes coins can pump and make you lots of gains, but a functional coin is more my preference, as I feel it will survive long term.

Coins that pay for a service, a bit more that just governance would be nice.

🧵5

The last criteria is that the supply should ideally be fully vested, that is, the VCs or backers should have fully dumped their bags before I get in, so they can't dump on me afterwards.

🧵6

So what have I been buying?

1. $KUJI @TeamKujira

Fully vested
Team of builders
Small supply - 122M
Full suite of working products (DEX, Wallet, Bridges etc)
No inflation of supply!
All value flows back to the KUJI token

🧵7


Here's a great intro thread to @TeamKujira by @Rekt_Zerker

🧵8

https://twitter.com/Rekt_Zerker/status/1664438064481959940

2. $RUNE @THORChain

Fully vested
Team of builders
Small supply -300M
Token will become deflationary with lending
Integration with a number of wallets
The value of the token increases with more volume in the ecosystem

🧵9

$RUNE has a deterministic price model where nodes need to lock 3X as much $RUNE in the network than there are other assets.

So for each $1 of ETH added to a LP, $3 or $RUNE must be locked.

With more wallets using Thorchain to swap, more upwards pressure is on  $RUNE

🧵10

Here's a great thread about $RUNE's value capture by @thewolfofdefi

🧵11

https://twitter.com/thewolfofdefi/status/1521876638807506945

3. $RNDR @RenderToken

No vesting
The token has a real world use case to broker GPU usage
Small supply approx 500M
The token will become deflationary
Partnerships with huge companies

🧵12

$RNDR is seen by many as a proxy bet on top AI stocks like NVDA.

The company founder has another company that is partnering with Apple.

🧵13

4. $INJ @Injective_

Low supply  - 100M
Lots of products built
Lightning fast L1 with no gas
Compatible with EVM and IBC
Deflationary token by burning trading fees

🧵14

There's also a rumour that $INJ has the same market makers that pumped the hell out of $LUNA the first time around 👀

🧵15

5. $ROUTE @routerprotocol

Low supply - 20M
Solves a real world use case of cross chain communication and swaps
Team of active builders, will build their own Cosmos L1.
Not fully vested, and won't be until 2026.

Here's an interesting thread:

🧵16

https://twitter.com/DigitalAssetIG/status/1679935634012782592

That's it.

These are my criteria for buying coins, and the coins that I like based on that.

I don't plan to sell any until 2025, in the mean time I'll continue to occupy myself with NFTs 😂

🧵17

Choosing Crypto Coins: My Criteria and Stacked Coins

A lot of alpha was dropped in a recent Twitter space hosted by @SpaceSkellies and @BrixLabs.

Here's a recap  👇

🧵1

First @BrixLabs talked about all of the tools they have been building.

They offer lots of tools / discord bots for free to communities. These are bots that they have developed themselves to enhance the @HellCatsNFT & Hellhounds space.

Sales trackers, listing trackers, etc

🧵2

These tools and infrastructure are all now created in house and offered as services to others.

Brix will also launch an incubator project where they will foster new NFT projects will help in marketing, funding, and even minting, as Brix Labs will have their own minter.

🧵3

There is also a new NFT project coming: Elements.

This will be a collection of 3000 where airdrops will be given to Hellcats and Hellhounds.

Elements will have a dynamic trait swapping / evolution system, growing through different tiers.

🧵4

@SpaceSkellies are partnering with @BrixLabs to create the first of it's kind tiered reveal system on @0xPolygon.

When you mint your evil skelly, you actually receive a space ship.

The space ships have three different rarities, red, blue and gold.

🧵5

The newly built reveal system will allow a holder to connect their wallet to the new dApp, which will then reveal the evil skelly from three different rarity pools.

Reds have a higher likelihood of revealing commons, and golds have the only chance of revealing 1 of 1s.

🧵6

I wrote all about the space ship rarity system here 👇👇

🧵7

https://twitter.com/BrenOfTheGlen/status/1638114357707145216

Holders can reveal any time they want, 48 hours after mint.

Bear in mind that there will be a speculation time here.

If lots have revealed gold, but there are no 1/1s yet, then gold ships become more valuable as there is a higher chance that a 1/1 is still out there

🧵8

Holders of the OG skelly collection on @StargazeZone already have space ships from the elixir airdrops that were given to holders.

You will be able to bridge your SG space ship to Poly during the 48 hours after mint out. The bridge will then stay open forever.

🧵9

Evil skellies will come with a small amount of blood.

Blood is the reward token (valueless) emitted by staking an evil skelly.
Starlace is the token emitted from staking an OG skelly

You will need an OG skelly to really unlock the dApp and fully utitlise these tokens.

🧵10

@BrixLabs will also be building a Twitter reveal bot and a Discord reveal app.

When you reveal your evil skelly, the bot will send out a tweet and a discord message showing the new skelly 👀

🧵11

Lastly, some bonus alpha :

EJ revealed that the trait swapping part of the dApp is now built out and soon to deploy.

Users will be able to purchase a new trait and update their skelly without changing the rarity.

🧵12

Bonus alpha 2:

Brix Labs are building a swap shop, where they keep an amount of Hellcat / Helhound NFTs fron their treasury.

Holders can submit an NFT they hold, but don't love, and receive back a random NFT from the swap shop.

🧵13

Twitter Space Recap: Brix Labs x Space Skellies

There is room for everyone to make it in web3.

This is how I think I will carve out a niche for myself in the NFT space.

🧵

I just finished watching the new Netflix show "Tour de France Unchained".

I learned that cycling in the Tour De France is really a team sport.

Like all team sports you have superstars, but also supporters, team players.

On the TDF, these supporters are called "domestiques".

A domestique is an athlete who would, in any other race, be unbeatable.

But on the TDF they maybe don't have that extra 0.1% to win a stage.

Instead they can ensure the team wins by supporting the star cyclists.

In this way, they win when the team wins.

A domestique will grab the drinks and the snacks from the support cars and distribute these amongst the other cyclists in the race.

A domestique will give the stars their bicycle if there is a failure

A domestique will put in the work to allow the star to sprint to the finish

I learned all this while also writing on CT and it dawned on me;

I want to be a web3 domestique.

I want to be the support for the NFT founder and the project team.

I want to be the one who writes the mediums, who makes the memes, who makes the small pieces of art here and there.

I don't want to be the star.

I can't be on 5 spaces per day.

I don't want my twitter feed to descend into chaos.

But if I am the domestique, when the project wins, I also win.

🤝

Carving a Niche in the Web3: My Journey in the NFT Space

A short thread about the upcoming mint of the mutant collection by @TheDogHousePack on @0xPolygon.

🧵1

First of all, if you don't now about @TheDogHousePack, then please read this introductory thread that I wrote a while back.

🧵2

https://twitter.com/BrenOfTheGlen/status/1645817900215963649

Mint Details:
The launchpad is @kometverse.
Mint date is the 29th of June.

Prices are as follows
OG 40 $MATIC
WL 45 $MATIC
Public 50 $MATIC

Supply is 1325 available to mint (total of 2000)

🧵3

How to WL?
That should be easy!

Be active in their discord, which is a good task as the discord chat hums along and is organic and friendly.

The team are very welcoming.


🧵4

Get involved in discord games!

There's a huge amount of games going on in their discord to get WL, play Gartic (an image guessing game) or Rumble.

There are also plenty of poker games hosted by the legendary @egglevin.

 🧵5

Personally I love the art style. The team posted sneaks on twitter and reacted to feedback, adding a good mix of clean and wild traits.

This one is probably my favourite to date 😍

🧵6

Early supporters on @StargazeZone got a chance to secure their mint by being able to mint a mutant bone, and this gives a 1:1 drop of a mutant on @0xPolygon.

620 mutant bones were minted on Stargaze.

Holders of OG dogs on Stargaze can also stake their OGs.

🧵7

DAO
Holding 20 mutants will grant you access to the DAO, which gives revenue sharing. 20% of the mint royalties will go to DAO members, based on shares. 20 = 1 share.

Check out their medium article 👇

🧵8
https://medium.com/@thedoghousenft/the-dao-the-engine-2c9c1a2782f2



If you like what you have read, please follow @TheDogHousePack on Twitter, join their Discord, and get involved, I really cannot say enough about how friendly and welcoming they are.

I will leave you with 2 more sneak peeks 👀

🧵9

The Upcoming Mint of the Mutant Collection on Polygon

10 accounts that I follow for alpha and insights.

While scanning my bookmarks this morning for a specific post, I realised that I should share some of these nuggets.

Maybe you already follow most of these legends, but I hope that you find something new.


@rektdiomedes
giga chad with great insights

https://twitter.com/rektdiomedes/status/1669241644523323397?t=GuYo9AzCqUCgOIqzyEUl4g&s=19

@thewolfofdefi
thanks to this hero, I got a great entry on $RNDR

https://twitter.com/thewolfofdefi/status/1666003681576120321?t=gEBllJj4FkiJYmaM4nN9VQ&s=19

@the_smart_ape
a great source for DeFi

https://twitter.com/the_smart_ape/status/1658804632049668099?t=Hi0eMWW9NMZ5bz0Zk0mg_A&s=19

@LambolandNFT
A great threadoor, enjoyable reads

https://twitter.com/LambolandNFT/status/1654535367234670594?t=TOOrJ-hPmQWn9wLw7wygZQ&s=19

@fluffy_trex
My favourite source for everything in and around the Terra ecosystem


https://twitter.com/fluffy_trex/status/1653495750091853851?t=JrPp4mz46lAV_lQwee9x9g&s=19

@myles_cooks
Wildcard in this thread, his insights on food and cooking are incredible

https://twitter.com/myles_cooks/status/1653481217352781833?t=6dWmIM8ZjzrlAuQ3eLGr3Q&s=19

@Deebs_DeFi
An absolute powerhouse tweeter, this thread alone is golden

https://twitter.com/Deebs_DeFi/status/1642572634876678144?t=Eo62fJ2Cw-TTYMi3QrxFrw&s=19

@Rekt_Zerker
An NFT project founder who lifts up all those around him. Watch as @rekt_gang take over the content game.

https://twitter.com/Rekt_Zerker/status/1663635292534996992?t=4P6VaLEFZv_tsGeyzn9bjA&s=19

@yishan
I really enjoy Yishan's takes. He has insights on a wide range of topics.

https://twitter.com/yishan/status/1419128569289003008?t=Wmc56GASzwEhL20pb015CA&s=19

@Legendary_NFT
A must follow if you want to improve your content creation & branding skills (me)


https://twitter.com/Legendary_NFT/status/1652312116412444673?t=OkmcjqhX8kT3_kVXD5CzPA&s=19

Thanks to creators like this, I learn so much every day.

I couldn't imagine another space where such an enormity of knowledge is freely shared.


Top 10 Accounts for Alpha and Insights

Working deeply

Skills I learned in the engineering world that boost my productivity in web 3.

Most of us can't afford to go full time web 3. If you want to be a content creator, you need to be as productive as possible in the time that you can spend in this space IMO.


🧵 1

I work a full time job in engineering, and a part time job in gardening. I'm lucky if I get to spend 60 mins per day working in this space.

In my line of engineering, I need to produce good ideas and designs in tight timelines and the skills needed for this transfer well.

🧵 2

There are two skills I want to discuss:

1. How to increase your focus

and

2. How to leverage your subconscious mind

🧵 3

Focus
It might not seem like it, but learning how to focus is super power.

So many things demand your attention, it can be really hard to create good work unless you focus.
If you want to write a thread, make an image, edit a video - efficiently, then focus is key.

🧵 4

Later in life I read Cal Newport and he calls this type of focusing *Deep Work".
Two types that work for me:

1. The journalistic type of deep work
2. The ritualistic type of deep work

🧵 5

Journalistic
Journalists need to be able to take in lots of information, but then be able to drop into the focus zone at a moments notice to write good reporting quickly.

IMO you have to train yourself to be able to do this. You can train first by being ritualistic

🧵 6

Ritualistic
Set yourself a time of day, ideally the same every day where you will try to focus.
Cut all distractions, turn off notifications, put the phone away, do not look at the internet.
Try to remain undisturbed for at least 25 minutes at a time.

🧵 7

I found that having the same playlist starting every day at that time built an audio cue that my brain knew it was time to work deeply.

I used instrumental music so that I would not sing along.
Binaural beats can also improve your concentration.
https://www.youtube.com/watch?v=1_G60OdEzXs

🧵 8


Your focus is a consumable thing, and will be used up and tire you out.
Try to limit deep work sessions to 90 minutes, and you can break this into 25-30 minute sprints.

A cold shower in the morning helps.
Delaying your first coffee until 60-90 mins after waking also helps.

🧵 9

I highly recommend anything by @hubermanlab, he shares massive knowledge and I also find his voice very easy to listen to.
 https://youtu.be/yb5zpo5WDG4

🧵 10

Leverage your unconscious
When you are in a deep flow, sometimes you can get stuck on a problem and you can't find a solution, or the solution is not up to standard.
This is where you can learn to stop & do something else.

Your subconscious will do the heavy lifting

🧵 11

Go for a quiet walk in the woods or play an instrument.
I like to do some repetitive craft like wood working, this takes quiet attention and lets the subconscious work on my other problems.

Your mind will make connections that you couldn't when you were in deep work mode.

🧵 12

If you do this you will often think that the solution to your problem just popped into your mind out of nowhere.

Another benefit of this is that now you will be hyper motivated to get back to your focus session and make progress.

🧵 13

You will also find that your conscious mind will be putting together your next piece of content for you in this environment.

Cal Newport calls this "productive meditation".
Compose your next thread or article in your head while exercising lightly. Win - win.

🧵 14

This is a long thread so I will stop here.
I will finish by saying that creating a thread like this only takes me 15 - 20 minutes as I can drop into journalist mode.

I had already composed the text while shovelling compost 👨‍🌾

Let me know if I should expand on this topic!

🧵 15

Productivity Skills for Web 3.0 Creators

This is a thread of all of my threads written about @SpaceSkellies.
I will add more threads in here and keep this tweet pinned.

1. Overview

https://twitter.com/BrenOfTheGlen/status/1618619333869195266

2. What was happening in March


https://twitter.com/BrenOfTheGlen/status/1635959556819001345

3. Skelly Ordinals


https://twitter.com/BrenOfTheGlen/status/1637787767123095552

4. Elixirs, Spaceships & Migration


https://twitter.com/BrenOfTheGlen/status/1638114357707145216

5. Preparation for bridging


https://twitter.com/BrenOfTheGlen/status/1638988912487190528

6. Bridging Guide


https://twitter.com/BrenOfTheGlen/status/1643986659858604038

7. Evil Skellies



https://twitter.com/BrenOfTheGlen/status/1652188575364947970