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Daily Summary: Airdrops, Tokenomics, and More
Osgur Murphy O Kane
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War Room

Terra Co-Founder Do Kwon's Legal Situation

  • The SEC has required Do Kwon to serve the Terraform Labs claim while he remains in Montenegro until the end of the year. Link
  • One member mentioned that the judge decided for him to be extradited to South Korea instead of the US as one of the conditions.

Tokenomics and Project Launch

  • Members discussed the tokenomics of Restake Finance, with one member suggesting it could be a good quick flip due to the tokens 100% unlocking at TGE.
  • It was confirmed that the TGE will be in Q4, likely in October, with the platform live on mainnet shortly after.

APT Coin Incident

  • Members discussed a tweet about an incident regarding APT coin deposits. Link
  • It seems there was a failure to check type arguments during the process of reflecting APT coin deposits. As a result, all same functions transfers were recognized as the same APT native token.

SecondLane Legitimacy

  • Members discussed the legitimacy of SecondLane, a project from the team behind SubZero OTC.
  • One member vouched for SecondLane, having had past dealings with SubZero OTC.
  • However, there was uncertainty about whether the specific Nansen equity deal is legitimate, as it depends on whether the subscription agreement can be legally re-assigned.

Tokens

Arbitrum Updates

  • Members discussed the movement of 69,448,385 unclaimed ARB to the ArbitrumDAO treasury as stipulated in AIP-7.
  • The AIP-7 proposal was also shared for members to review.
  • Tweet here.

Airdrops

Zetachain - many NFTs

  • Member provided a detailed guide on how to claim free NFTs on Zetachain
  • Steps include adding Athens 3 network to Metamask using chainlist and claiming free test tokens from Zetachain labs
  • Various tasks were listed to be completed on different platforms, including following certain Twitter accounts, minting a domain, swapping tokens, deploying an NFT collection, deploying a token, visiting a game website, adding liquidity or swapping, testing a wallet, interacting with a platform, and creating an NFT
  • The tasks can be found on the questn event page
  • After completing the tasks, members are instructed to fill out a form on the Sleek Wallet website, take a screenshot, and send it for verification
  • Finally, members can claim their NFTs on the same event page
  • The deadline for this event is Sep 28, 2023

zkSync & L0 - MailZero

  • Member introduced MailZero, the first email on zkSync that works with LayerZero
  • Steps to get free Stamp from zkSync on MailZero include visiting the MailZero Network website and clicking 'free mint', then following the steps to receive 708 "points"
  • The member also mentioned an optional daily check-in
  • The deadline for this is Oct 7, 2023
  • The announcement was made on Twitter

Exploit Warnings

Mixin Network Security Breach

  • Members shared a link to an announcement about a security breach at Mixin Network's cloud service provider, which resulted in the loss of $200m.

Gotbit Market Maker Practices

  • A Twitter thread was referenced where there were concerns raised about the practices of the market maker Gotbit, suggesting they manipulate the price during the initial discovery stage to create FOMO.
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Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.