Just a hillbilly degen only on 🔺️ co-founder of phar.gg
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im literally calling my mom right now I finally made it as a whole section with screenshotted tweet on fucking avalore.
LETS GOOOOOOO
Avalore Week 55!
Price is up, and the drama has come with it!
Nice job this week, everyone
news.avalore.xyz/p/avalore-d…
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Last post I swear on the bitget saga and a clarification.
All we did was increase the MULTIPLIER for our algorithm which increases and decreases fees based on volatility. As an example, Instead of jumping 0.05 each step it might have been 0.2
Here's a video showcasing the fee changes live.
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To the people saying "this isnt a flex, this should go to the victims, why are you bragging":
- im highlighting our dynamic fees and our active participation on crypto
- this hacker was going to steal as much as possible this way these tokens ATLEAST went to people that care instead of NK
- if a dexes fees are obligated to return to victims in the case of defi hacks, ill be sure to call them and say they owe the victims millions of dollars hell maybe billions at this point.
Its such a weird take haha, we have ZERO part in this we did not hack or get hacked, we raised our fees to a couple of a percent and people are crying
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I have to take a moment to talk about what just happened and why @keccakdog and my devs are so amazing.
We work way to much so we are always online. We instantly see the news and know that the hacker has AVAX, and we see that its actually on-chain.
It was pretty obvious selling was going to occur so we turned off fee algorithms that are automatic on these pairs and cranked them manually for the inevitable.
He dumps over the course of 2 hours, we missed some, but captured a massive amount (150k ish in 2 hours).
We really do have the best tech and best devs, because I almost guarantee most dexes would have just sat idle but we saw opportunity for our holders from a bad situation.
Not trying to dunk on anyone I just wanted to commend my devs for all the efforts they put in that make us so nimble and quick to respond to wild situations that happen in our space.
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Did the hacker sell a bunch of AVAX? Yes.
Did the top DEX with dynamic fees make him pay an additional 150k in fees for doing so? Yes
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Seems massive, someone tell me are we bullish?
As we approach the release of tradable RWAs on @avax, The Arena is partnering up with @PharaohExchange to release our RWA launchpad!
We expect to have this live as soon as tokenized stocks and commodities are officially live on the chain.
Here’s what to expect:
- Pair tokens with any official RWA offered on Avalanche (no bridging RWAs from other chains)
- All graduated tokens will migrate to Pharaoh DEX for continued trading
- Improved bonding curve so tokens start with a higher marketcap, leading to better distribution and thicker liquidity
- Tax your token from 1-5% with rewards auto distributed to holders in the base token
- Creator fees and LP fees still included for projects to build treasuries and tokens to trade healthier at higher marketcaps
- Pair tokens with other ERC-20 tokens as well, including $ARENA and AVAX ecosystem memecoins
- New UI/UX improvements on The Arena Launchpad
- Arena Champions will be airdropped all bonded tokens as part of the Moats program
We have some projects lining up to launch, but please remember that no pairing is official until you see an announcement from this account.
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It's true, just never needed a headshot and don't think I am big enough to be paying for them or taking them myself.
Maybe one day. Until then I will just steal other peoples photos of myself.
Listening to Hillbilly @PharaohExchange
Space. What was funny is he is doxed right now. Reminded me that his @avax summit picture on stage was a @NOCHILLIONAIRE nft.
Reason you ask? Man said he didn't feel right taking his own pic lol.
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We are fully mobbed up for @avax . Get your suit, were running the block.
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Just submitted updated DEX information to @CoinMarketCap for @PharaohExchange as well as updating $PHAR and $p33.
Hope they can get it done relatively fast. Apologies I don't normally use that platform but seems there are some that do.
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Happy ATH to those that celebrate for @PharaohExchange
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Pharaoh Happy Hour nitter.net/i/broadcasts/1kKzDPNwD…
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If you have just started following us, I do a live stream every Wednesday from my x account to go over new updates, past performance and even have fun.
As a pharaoh investor you pretty much always have access to me its on of the benefits.
7pm EST!
It’s your favourite time of the week - Pharaoh Happy Hour is back tonight at 7:00 PM ET.
Pharaoh, DeFi, @avax and everything going on across the ecosystem.
See you there 🔺
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token goes up 50% in a week against the market, falls down 10%
QUICK SPAM ITS SO OVER TO EVERYONE
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The current crypto user base has always ignored and hated $AVAX. Yet avalanche continues to pivot, grow, and improve.
The good news is they arent only building for the current user base, they are building the the one thats 100x of what we have now.
Lessons there.
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