️ ሣማኤል ላቦራቶሪ | Samael Labs

💀 Dump & Dump: How tokens were killed in the ecosystem

⚫️ This isn’t the first time we’ve talked about Coffin.Meme: the service has already surprised the ecosystem by introducing a unique technology for «destroying» memecoins. We highly recommend checking out our previous post where we delved into the platform’s mechanics in more detail. In the meantime, users are trying to make the wait for the next bull cycle more interesting by profiting from falling token prices.

⚫️ And no, this is not a joke: the creator of $HYDRA is building a new narrative that profit can come not only from an asset’s rise but also from its fall. The token was the first to adopt the reward distribution technology from DeDust.io. This is the only source of new coins entering circulation, and according to the creator, the price should increase due to the influx of miners or decrease if their numbers decreases.

⚫️ This is exactly what ecosystem participants have taken advantage of, opening short positions on the token. The number of new coin miners has significantly dropped, and the price of $HYDRA has fallen from $16 to $5, continuing to decline as more miners exit. To join the flashmob, here’s what you need to do:

1. Log into the Coffin.Meme bot.

2. In the «Dump» tab, choose $HYDRA and the token asset you want to use for margin.

3. Select the leverage (the lower it is, the higher the risk of liquidation) and cross your fingers that the coin «plays into the coffin».

⚫️ Interestingly, the founder himself has shorted his own token, knowing that after The Open League, miners will likely sell off most of their coins, crashing $HYDRA's price to zero. We're used to seeing teams dump their tokens, but in this case, the creator of Hydra has nothing to sell — he allocated all the tokens to boosts in liquidity pools and is now trying to recoup losses through shorting.

What do you think about this new narrative?

@thedailyton

💃 Over 6 million connected wallets! 💃

Two weeks, two massive milestones!
First, we smashed into the top-10 NFT marketplaces across all chains, and now we’ve crossed 6 million connected wallets on Getgems! 🤯

All we can say is THANK YOU, GEMS—we couldn’t have done it without you! The NFT fam is growing so fast 😊

What’s next?

👀 Follow Getgems on social media: EN Chat | Twitter | Discord | YouTube | Website | Support

Meet The Gateway 2024 Diamond Sponsors: Sign

We’re are excited to introduce Sign as the one of the Diamond Sponsors of The Gateway 2024. 

@Sign has built the largest token distribution platform, TokenTable, which distributed more than $2B worth of tokens to over 40 million addresses on TON.

Founded in 2021, Sign has raised $14M from all three Sequoia Capital entities and notable supporters including Tim Draper and Balaji Srinivasan. Sign aims to serve as key infrastructure on TON, accelerating user acquisition and asset creation.

To learn more about how Sign is powering mass adoption with new frameworks of trust, head out to Dubai on Nov 1-2 and meet them yourself at The Gateway 2024. 

Buy your ticket here! 

TON’s integration with Axelar’s MDS is on the way! 

TON is integrating with Axelar, bringing its powerful Mobius Development Stack (MDS) into the TON Ecosystem as an interoperability platform. This integration will unlock seamless and secure connections to over 68 blockchains, boosting scalability and creating new adoption opportunities across the network. 

Collaborating with bridges like Axelar is key to enhancing Web3 interoperability within TON. MDS is fully programmable and permissionless, enabling any project to build and connect freely with any blockchain or off-chain resource. 

This integration promises to link the TON ecosystem and Telegram’s 950 million users with new liquidity, and pave the way for seamless cross chain experience.

Read the full blog article here! 

✉️ Telegram Sees 400% Growth in NFT Activity in Q3

Helika, a Web3 data provider, reports a 400% increase in NFT-related activities on Telegram in Q3 2024. Unique wallets transferring NFTs daily surged from under 200,000 in July to over one million by September, with three million active wallets recorded in nine Telegram games during the same period.

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KuCoin Launches TON Ecosystem Carnival: $110,000 Prize Pool

Heard the news? KuCoin is launching TON Ecosystem Carnival to celebrate the progress made by the network and provide more exposure for projects within the ecosystem. 

What to expect? 

Trading Competitions: The top 200 users with the highest Toncoin Spot trading volume on KuCoin during the campaign will share a $10,000 prize. 

Quiz Competition: Users who score at least 3/5 on a quiz can win from a $500 daily prize pool in $TON. The top quiz performers will share an additional $1,000 prize, and participants can also win special co-branded SBTs! 

Staking and Financial Activities: Earn stable, risk-free returns with TON ecosystem tokens, featuring flexible deposits and withdrawals.

Fiat P2P Promotion: The first 5,000 users to make their first deposit and buy Toncoin using credit/bank cards or P2P Express can win up to 100 USDT on a first-come, first-served basis.

The carnival will last from October 16 to October 30, 2024. Join now to win a piece of the $110,000 prize pool!