$DOWN EOY Wrap-Up

First off, yes, the hat in the picture will be added to The Drip $DOWN ($DOWN’s token-gated commerce).

What a year it’s been. After the parabolic rise of NFTs, and the ensuing bull-run euphoria, 2021 made us all feel like we were invincible. Probably the best traders ever. Unstoppable. Bitcoin was going to 100k and ETH was headed for 10. We got cocky, and in our arrogance we got sloppy.

Fixed 20% yields, stablecoins propped up by bitcoin, major protocols taking loans against their own tokens, and a charming 30-something building the 3rd largest exchange in the world in under 3 years. F — -ing sloppy. But if you’re reading this, that means you’re too deep in the rabbit-hole to leave over some blood in the streets. That means you’re our people. And it means you’ve made it through the worst of it, and came out smarter on the other side.

Through all of it, $DOWN has been quietly moving sideways; which is rather impressive considering the rest of the market!

The idea for $DOWN Vault token originally came about during the spring of 2020, following the wallet compromise experienced by one of the popular social token issuance platforms. You can read the first iteration of the idea on Cent; written before the infrastructure was readily accessible to be able to deploy the tokenomics envisioned, without the need for a dev to be consistently involved.

Read & Collect the full report on Mirror~!