Bridges hold a crucial position as the 4th category with the highest TVL, exceeding a staggering $8.8 billion.
It has a vital role in the ecosystem!
Discover a hidden early project gem that unveils how you can capitalize on this thriving sector.
Let's dive in! 🧵
$ALTD
In order to fully understand the significance and potential risks associated with bridges, it is crucial to comprehend their functioning and the role of oracles.
I highly recommend reading the following for a clear perspective on the topic.
twitter.com/RealDegenGMX/status/1631293361016516609?s=20
The growing number of hacks on bridges within our space emphasizes the criticality of establishing a secure bridge for the ecosystem.
That's where @AltitudeDeFi comes in, offering:
• Untapped blue-chip asset bridging
• Built on Layer Zero
• The HUB - resilient to outages
If you're interested in learning how $ALTD works and its comprehensive details, I wrote a thread about it last March.
Today, they're launching their LBP on @FjordFoundry where you can purchase $ALTD to:
• Earn real yield through protocol earnings
• Vote on protocol parameters
twitter.com/RealDegenGMX/status/1633174170245935107?s=20
☑️ IDO DETAILS ☑️
• Where ---> @FjordFoundry
• LBP Price ---> $.42 to .0019
• from August 22nd 12pm to August 26th
$ALTD will be distributed as follows:
• 60.5% Community
• 25% Foundation
• 2.5% Advisors
• 7% Public sale - 100% unlocked at TGE
• 5% Airdrop 👀
☑️ How LBP Works ☑️
In a LBP, the project token initially carries a high weight, while another asset (e.g., stablecoin) has a low weight.
As time passes, the weight of the project token decreases, resulting in a drop in its price if there isn't any external buying pressure.
The gradually decreasing price incentivizes potential buyers to wait, leading to a fairer distribution and allowing the market to determine the token's value.
The mainnet launch is set for August 28th. Don't miss out on the opportunity to qualify for an airdrop. 👀
With a solid team and tokenomics, I'll be closely monitoring their progress post-mainnet to see how their revenue unfolds!
twitter.com/AltitudeDeFi/status/1691751650816303274?s=20
Disclaimer: This tweet has been made in collaboration with @AltitudeDeFi.
I am sharing projects that have a high-quality product and team.
Of course, none of this should be considered financial advice. Always do your own research and invest cautiously!
Degen Maker
@RealDegenGMX
Simplifying DeFi & AI. | Class of 2021. Expert insights, deep dives, and a touch of humor with regular shitposting and cryptic larping. 🥩