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[🧵 + #Giveaway] ft. @TehGoldenOne
🎁 $100 $USDC worth of $Gold1
__
To win:
1️⃣: Follow @JiraiyaReal & @TehGoldenOne
2️⃣: RT & ❤️
3️⃣: Tag 2 frens
Despite the overall market performing pretty poorly, there is a micro-cap gem that I identified early (thanks to @takegreenpill)
1/
2/ Before I begin, I must state that much of these assumptions are highly speculative - nothing has been confirmed by the people mentioned in this thread.
However, tomorrow (June 20th) it should become much clearer as teh Golden DAO, dApp & website will be LIVE.
3/ @TehGoldenOne ($GOLD1) has been gaining serious traction lately because people speculate that there are ties with @RyoshiResearch - Founder of $SHIB.
Ryoshi's vision for $SHIB was centered around freedom, decentralisation and for the community to rule as one.
5/ Under Act 3 there is a video that presents two pretty interesting pieces of information not known to the world before..
At 0:08, we observe the paid actors coming out of Brooklyn Owl Gift Shop with the script: "Why did you get the pink one?".
Check out the UniSwap Logo..
6/ Later, at 1:06 we see this image placed over an Ikuta Shrine.
Does this remind you of anything?
The mouth of $SHIB, perhaps?
7/ Imo, this is important because this is a form of zero-knowledge proof.
In Cryptography, a Zk proof is where one party can prove to another party that a given statement is true without conveying additional information apart from the fact that the statement is true.
Get it?🤣
9/ The two zero-knowledge proofs in the video substantiates the the speculative conclusions drawn by the Medium article written by @AzumaKisama, adding additional confirmation that the developer behind #Gold1 is infact @haydenzadams or @karl_dot_tech.
10/ This brings me to my next question...what is the purpose / function of the token - $Gold1 ?
That remains a mystery until tomorrow, where we have Act 4.
"Teh Golden DAO + Final Website with DAPP"
11/ Teh Golden DAO
__
What's a DAO?
DAO stands for Decentralised Autonomous Organisation.
In line with the spirit of decentralisation, in line with Ryoshi's vision - members of a DAO collaborate and put forth proposals to the community who will then vote to pass or reject it.
12/ There are various ways in which DAOs can reach a consensus, here's a few methods (not exhaustive):
- Token-based quorum voting
- Relative majority
- Quadratic voting
- Multisig voting
- Conviction voting
What voting mechanism will be employed in Teh Golden DAO?
13/ Function/Purpose
__
What will Teh Golden DAO be governing?
With @karl_dot_tech (Founder of Optimism) & @haydenzadams (Founder of UniSwap) speculated to be on this team, it's possible that $Gold1 acts as a governance token for a DEX on Optimism (L2).
Thoughts?
14/ Shi
__
Under Act 2, the passage ends in "This is Shi".
Shi, part of the $SHIB ecosystem is planned to be an algorithmic-stable coin.
In the passage below, some thoughts as to the token design has been shared.
Thoughts?
15/ Lastly, I also speculate that there could potentially be more than two people on the team.
Under Act 1: Sacrifice - In the beginning there "were" two of us..
Perhaps Ryoshi stopped working with Shytoshi to fulfill his vision for $SHIB with a team of like-minded individuals.
16/ Contract Renounced
__
I understand that this all seems very abstract and outlandish, and some may think it's an extremely elaborate attempt at a rug - and I dont deny that it COULD be.
However, a quick look at Token Sniffer shows 100/100 score + a renounced contract.
DYOR.
17/ Concluding Comments
__
At the time of writing, $Gold1 stands at a 9mill MC with an all time high around 10 mill MC. Based on the current MC, if the developers behind this is who we speculate they are, this could definitely soar based purely on speculation alone.
18/ More importantly, if these speculations hold true, the direction of this protocol could be towards a community-governed, decentralised exchange that scales via Optimism whilst adopting the security of Ethereum.
Too ambitious? 🤣
19/ Obviously, we're admist a Bear Market and in a risk-off environment. Considering the lack of concrete evidence to support all these assumptions I would definitely consider this a high-risk play. However, the payoff from this *if* the above is true fits my risk appetite.
20/ Risk Disclaimer:
__
Investments into Cryptocurrency & financial instruments carries great risk, you may lose all your funds.
Threads & Giveaways are not endorsements.
Please conduct your own research to validate the points aforementioned.
__
7 Days on the #Giveaway.