Lilikoukou#18 Writing NFT, and the Bear Market Recommendation Project

Aug 5, 2022

0️⃣ Writing NFT 1️⃣ Slope wallet secretly record notes 2️⃣ Bear market recommendation project

"Lilikoukou Weekly" was formerly my validator log. With the vigorous development of the Cosmos ecosystem, it is time to convey information from a new perspective. Starting from LikeCoin and looking at the Cosmos ecosystem, I hope it can expand the community communication of the blockchain. .

"Lilikoukou" takes the letters beginning with LikeCoin and Cosmos as sounds, which in Taiwanese means "some or not" and "miscellaneous".

Validator Update/Governance

LikeCoin

My delegator status this week: 1011 wallets (+10)
My voting status this week: 16,601,935 LIKE (-12,125,735), Rank: 19 (+15)

The reason for the sudden drop in voting rights is mainly due to the end of CDC's high community delegation (12,082,041 LIKE). After hesitating for a while, I didn't immediately reapply, and CDC's delegation accounted for almost one third.

Having gone through the upgrade experience of LikeCoin 2.0 and 3.0, I have prepared the corresponding operation manual files to avoid wrong commands in a hurry. I will also prepare the hard disk space and machine upgrade specifications in advance, and the upgrade can be completed within five minutes. .

The smooth node upgrade is only a basic responsibility. The greater ones should be the development team behind it and the nodes who voluntarily join the testnet, but I am somewhat concerned about "how many voting rights can be prepared online at the same time". After all, it is usually maintained. Nodes also do not need to invest too much energy. It would be best if as many voting rights as possible can participate in such major events as upgrades.

However, I can't control other nodes, I can only ensure that I will be online, so although "getting more voting rights" is in conflict with decentralization to a certain extent, "getting voting rights within a reasonable range" is also a responsibility, and even if you add For the general commission of the CDC, I will return to the tenth place at most, so I will still apply for the basic commission.

Desmos

My delegator status this week: 60 wallets (+5)
My voting status this week: 883,528 DSM (+235,743), rank 36 (-12)

A few big players have moved me up 12 places and just over 1% voting power

LikeCoin Update

The biggest update supported by LikeCoin 3.0 is Writing NFT. Currently, only Genesis NFT is launched for everyone to collect, but it will be opened later so that anyone can generate Writing NFT.

The current mechanism is automatic pricing. When the remaining quantity is smaller, the price will be higher, which means that the upper limit of quantity will naturally be limited by the price.

At the beginning, I imagined that I could set a limit on the quantity by myself. After all of them were sold out, just like Mirror.xyz , the market price would be determined by the second-hand market.

Although automatic pricing reduces the psychological cost of pricing, the most direct disadvantage is that the article itself is public. Even if the price is high, it is still in the state of "buy", because it will not be "sold out", and naturally there will be less For a little speculative reason to get second hand market hype.

But even if there is no second-hand market, I hope to make a ranking list or an upward trend in the future to let everyone know which popular NFTs are, and it will naturally become a platform for gathering articles. Through similar collectors/creators, you can also Filter out a bunch of creations for a specific theme/favorite. More advanced is to display your collections in conjunction with other platforms, but these are just my current imagination, and there is still a long way to go.

Interested creators are also welcome to apply for the whitelist of pre-test qualifications through the form .

Slope wallet sends the annotation words back to its own server

The latest big news is that the Solana wallet was hacked. Part of the problem we know so far comes from the fact that the Slope wallet records the annotations and sends them back to their own server in clear code (it is unclear whether there are other vulnerabilities)

This is a very low-level mistake, and no engineer with some common sense should make this mistake.

A lot of people cursed Solana for this. I don't think it makes sense from a technical point of view, but it also makes some sense from an ecological point of view. The reasons are as follows:

Technically there is no evidence that the Solana public chain has any loopholes, this time the problem is mainly a low-level error (or intentional, no one knows) of a single wallet, so Solana should not be blamed, the same incident can happen on any blockchain . In terms of the amount of loss, the amount of other chains and the central bridge rug is definitely much larger than this.

But on the other hand, it is precisely because Solana has the characteristics of cheap handling fee and high expansion that it attracts a large number of ordinary people without technical knowledge to join, many people even even the difference between cold wallet and hot wallet, the difference between notation and private key Neither is clear.

Malicious wallets can appear on every chain, but perhaps only on the Solana chain will so many people be willing to use them one after another.

Since the concept of Solana's design enjoys the benefits of attracting retail investors, it should also humbly accept these users and make a safer ecology. For example, the basic security education of the blockchain, the project plan uses a higher standard of self-discipline to audit and even open source; instead of enjoying the benefits of low transaction fees to absorb retail investors, but letting low-quality project bad money drive out good money, open source atmosphere is low, The quality and security of the code is far inferior to other ecosystems. Some projects have received a large amount of VC investment, and the code is even better than looking for working students to cut and paste.

If there is one bad student in a class, of course, it cannot be generalized just because there are few, but if more than half of them are bad students, can we say that this is not a cattle herding class?

The projects on the public chain and the public chain itself are different things, but only when the project and the public chain are viewed together can a complete ecology be achieved; the public chain foundation itself has the responsibility to support good projects and avoid the expulsion of bad coins Good money, not to mention Solana is a public chain that is definitely not short of money and investors.

I still have some hope for the Solana ecology, but only if this distorted and deformed ecology can be gradually corrected, because Slope is definitely not the only case that fails. VC funds need to be invested in longer-term construction to avoid the whole ecology being a one-time leek cutting project and repeated consumption of ecological energy. Only when bad coins drive out good coins improves, a public chain ecology can last for a long time.

Recommended projects

The following are the recommended currency circle projects that I mentioned in the interview with Cauliflower Denken, and I think it is worth sharing again.

However, recommending a project is not the same as recommending buying coins . The reason is that although many projects have good products, they are affected by the macro economy and various transaction factors such as VC unlocking. Most of the time, buying coins will even lose money. Disperse investment), and participate in the spirit of sponsorship, the mentality will be healthier.

Solana

Marinade $MNDE: It is an important infrastructure for staking $SOL to $MSOL while maintaining liquidity.
Mango DAO : In addition to being a leverage, perpetual contract, and lending platform , $MNGO is also the infrastructure of Solana DAO. Although the Solana project is generally dictatorial, and its governance is far behind Ethereum and the Cosmos ecosystem, if you want to say There is the possibility of open governance, which is currently Mango's greatest contribution. Small projects like $SHBL can also be used, and interested $SHBL holders can visit Shoebill DAO to play.
I don’t recommend most of the DeFi categories including DEX. Most of them are turned into platforms for staking IDO, or the power of listing is extremely centralized; on the other hand, jup.ag (transaction aggregator) and francium.io ( leveraged strategy platform) is a good platform to use.
png.fi (liquidity service) is also a platform that does not issue coins, but helps many ecological projects, and is also one of the few willing to help small projects like SHBL.

It's hard to find long-term projects in Solana to recommend, but these are the few I'd recommend.

Cosmos

God's main brand ATOM: He is currently the biggest experiment field in the currency circle regarding "whether openness can capture value".
LikeCoin and Desmos are infrastructures that only focus on specific areas. Although they are caught in the middle, there is no underlying chain or upper-level applications to hype, but the development team will continue to work in the bear market, you can observe whether they can survive, and because the currency price is extremely cheap, try web3 publishing and The experience of the social function is not bad.
Omniflix, the NFT market, focuses on building a community, and the development progress is also stable. Unlike most NFT markets, which aim to make money from the fastest launch, Omniflix has been tested for a reasonable time before going online, and no coins have been issued yet.
In the same game, Juno can play ecological applications and look at historical textbook models, but don’t buy coins, developers are incredible in all aspects, unless you also like the Twitter that you invest in, and Musk plays with its stock price.

community advertising

validator node

I have validator nodes with the same name in LikeCoin / Desmos , support is welcome.

In addition to the validator nodes opened in my own name, I also joined #decentralizehk as a member of the team, and compiled a public list of Chinese validators. If you cannot find which validator to pledge to, you can refer to it.

Cosmic Toolbox

Continue to collect and produce various useful tools and information.

Lilikoukou Newsletter

Those who are used to subscribing to articles by Email can go to: https://www.getrevue.co/profile/leafwind .

Tokyo Stacked Towers

My blog: https://leafwind.tw/

LikeCoin Discord group

https://discord.gg/likecoin

Many people already know that this is LikeCoin's current main community discussion group. Discussions related to governance, development, and products can be found here. If you haven't joined yet, please don't hesitate!

Cosmos TW Community

https://t.me/cosmos_tw

The Cosmos universe is very broad. In addition to the well-known Cosmos hub ($ATOM) and LikeCoin ($LIKE), the well-known Terra ($LUNA) and Crypto.com ($CRO) also use the Cosmos SDK, but because the ecology is still in its early stages At this stage, there are not many traditional Chinese resources, so the establishment of this group allows everyone and myself to learn and communicate more efficiently.

my Liker.social

https://liker.social/@leafwind

This is my community account related to blockchain comparison, and it is the third channel that will be used in addition to Matters and Cosmos Taiwan.