- Mushroom Alpha
- Posts
- StarkWare is launching a token
StarkWare is launching a token
Plus GMX Alpha and how to fundraise in crypto.
MUSHROOM ALPHA
GM. Happy Bastille day if you are French. Today we are dropping some hot threads from Twitter. Pay attention to GMX. Many heavyweights have mentioned this project recently and the token price has shot up. Not saying this will continue but DYOR.
Today's Topics:
StarkWare launching a token
Alpha on GMX
Fundraising tips for crypto founders
Quick Links
StarkWare launching a token
Three Arrows Capital, the firm that imploded itself and crypto shared an email where the founder hinted at incoming StarkWare tokens. StarkWare is an Ethereum scaling solution that has 2 main chains called StarkEx and StarkNet. Sounds like something out of the Marvel comics universe.
Usually we are not fans of leaked secrets but this is one we can get behind. StarkWare officially confirmed: “The token will allow supporters of the community that perform work that contributed to the success of the ecosystem to play a role in the governance of that ecosystem."
Why does this matter?
Governance - The token will be used for the StarkNet blockchain.
Next year in 2023 users can stake to help performance and security.
The token will replace ETH for transactions fees
Airdrops - However the team said that it won't happen until next year.
Alpha on GMX
Alpha from .@GMX_IO: “We will be reviewing the synthetics model this week for edge cases, aiming to start on the contracts next week."
Me & .@808@808_Investor a deep dive into:
Synthetic Assets
PvP AMMs & why they are *ALMOST ALWAYS* better than traditional exchanges https://
— RMG 🃏 (@Riley_gmi)
7:56 PM • Jul 12, 2022
Fundraising tips for Crypto Founders
1/ What should crypto founders do when fundraising in today's environment and or have rounds that have stalled?
I have talked to 40+ founders over the past two weeks and here are is the feedback I gave them
— Imran is hiring 👽 (@lmrankhan)
7:31 PM • Jul 12, 2022
Quick Links
Project Launches:
Aptos launching a new L1 - This is one to watch since it is the ex FB team building it.
Hermes Protocol launching soon on Terra Money - Yes that Terra.
Deep Reads:
Crypto credit crisis explained - Peter Yang wrote a great piece on recent events
DeFi Worked Great - Pantera Capital drops some knowledge on us.
How Contango works - A non-custodial DeFi exchange
Hit Reply to let us know how we are doing! We would love to hear from you.
Was this email forwarded to you? Sign up here.
Disclosure: We are a newsletter for information only. We are not financial advisors nor do we claim to be. Consult your legal, investment or tax advisor. Crypto is risky. Do you own research.