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\f0\fs24 \cf0 You guys all grant out there.
So you've probably seen that defy is heating
up, would be an understatement. And last 24
hours, it's really been rough for a lot of
crypto, I guess what started it off is that
a bunch of whales liquidated on various exchanges
and that sent Bitcoin into a tailspin. Whenever
it almost kissed 12,000 and now it's down
to almost 10,000.\
\
So one must also bear in mind that all crypto
is pegged to Bitcoin. Essentially, if you
go to on any major exchange, they'll all have
TC crypto swap pairs or crypto pairs. So.
When Bitcoin goes down, most, all the ecosystem
goes out and makes sense for the stable coins,
you know, step tether and those things that
are actually linked to something or something
like that, the gold, or what have you, but
everyone's materially affected except in the
last 24 hours, you're seeing Tron actually
go much higher.\
\
And the reason that is what you're seeing
right here, just swap, just swaps the brain
child and other one of Justin son, which is.
He's the leader and architect of Tron and
they have all sorts of defy plays. They're
trying to be the effective Ethereum killer
in the space. And with this, it's set up as
a unit SWAT version to clone.\
\
And the difference between Unisoft version
one and version two was that too actually
sends you tokens that are representative of
your portion of the pool. And what's kind
of interesting with just swap is it takes
that open source protocol and they integrate
as the balancing out pair TRX. And the thing
with the theorem right now is that even the
tally Buder, and we'll say that Ethereum is
broken really because the costs of doing a
transaction is I would say prohibit prohibitively
high.\
\
It's to the point where some people were doing
screenshots of it costing 35 us dollars to
put forth a standard transaction. They wanted
with some degree of swiftness, I think a few
days ago it was 450 plus way for a half an
hour confirmation, which is insanity because
I remember I would wait, you know, half an
hour when the gateway got to 10 and I'm like,
I'm not paying 10 go away.\
\
And yeah, now it's almost 50 times that so.
If people are trying to do defiant on Ethereum,
they're seeing that let's say they put in
a thousand dollars, which you know, most transactions
and stackings are good size, but that's quite
a bit. And if you're going stake into dye
and you're grabbing that top of the food chain,
you know, 10% return then to do that transaction
and send it in.\
\
If it's $35, it's three and a half percent
off the bats here already three months in
the hole off of an exercise that has really
good return. You know, when banks are giving
0.5 0.1 or nothing at all, and a lot of the
major banks. So it's an attractive proposition,
but you either have it to go into it with
many hundreds of thousands in order for that
$35 to be a blip.\
\
Or you have to figure something out with gas
so that you put a transaction in only when
the gray hits a certain amount for a half
an hour confirmation. So it doesn't get lost
and you have to send it through again, or
you have to pay some ease in order to even
cancel the transaction, to get back the original
principle of what you were sending out.\
\
Tron doesn't have a lot of those issues you
can stake. And you'll get some integrated
energy, so you can do transactions with those.
And then you can also lease trons energy.
And it Tron is it's in many ways, similar
to EOS in the sense that the, I guess, iOS
at CPU, but we're trying it's energy and you
have a certain amount of based on the amount
that you stake and.\
\
So it's, you know, a workable way to do defy
and people are getting some traction. I saw
that Chris black was mentioning Tron and some
of the ones that are making some headway and,
you know, Justin son, he has a copy or a similar
model to the urine finance. And I guess it
also be closer to yams. And they allow you
to stake your, a tokenization of your position
in a pool on just swap that they also have
a bunch of other ones like hot dogs and oysters
and all these ones that are really meant to
mimic the unbelievable success.\
\
Of some of the decentralized tokens that are
done with a fair launch and that are going
into the stratosphere, such that people are
very quickly able to ROI on what they put
in. So the cool thing about that is you're
not only earning from just swap. You're also
earning from these other platforms. And as
far as I know you do seed some type of control
there.\
\
And to keep in mind, all of these smart contracts
are largely unaudited. I think. One of my
developers was telling me today that on just
swab, even on Tron scan, the interactions
that are typically there, he's so close source
that Tron scan Tron swap code that you can't
even interact with it the way you can on normal
projects on Tron scan.\
\
So it's like a double close and Justin recognizes
that, you know, with unit swap and all these
projects, people are just copying and pasting
them. And it's like the meme says, you know,
what's a blockchain engineer and then it shows
the buttons control C control V because a
lot of the projects are Frank and code.\
\
And you'll see a little bit of D Y D S compact
and all the ones that are a little bit innovative
and they'll put them together and say like,
this is truly innovative, but the problem
is sometimes the contracts leave some vulnerability
bugs. And they get explored it exploited and
drained. And yesterday they had 5.5 billion
Tron and the TRX on just SWAT.\
\
So that translates to about a quarter billion
us dollars, you know, football stadiums worth
of black hat dev ops, or they're trying to
find those vulnerability points for the drain,
because that would be a seismic drain, um,
that any unethical hacker would, um, Be super
excited about getting their fingers on that
size of a honeypot.\
\
Okay. So really interesting time to be in
the space and you can see that more and more
tokens are put on there every day. The U S
T J that's Justin Sunday, I answer to a stable
coin, similar to the tether and. The ones
that are on here, you can really easily make
a pool. I've made several pools on unit swab
and it's the same sort of thing applies.\
\
You just put in that TRC 20 is wallet address,
and then you can start putting in it, whatever
equilibrium that you want to start a pool.
And then people will quickly see like, Oh,
wait a minute. This is worth twice as much
as this. So let me trade it out, such that
I can make an arbitrage profit, but interesting
time to be in the five.\
\
So definitely keep an eye on. The Tron blockchain,
which peaked yesterday at ninth. And I think
it's down to 14th in terms of the overall
network of what the 6,000 different coins
and projects out there. So keep an eye on
it and what Justin sun's doing. Interesting.
Yeah.}
