What you should & should NOT know about the upcoming LEVX airdrop
Trustless means we shouldn’t trust the dictator 😅
LEVX airdrop is coming in a few days.
I know that many of you just like free money and are not that interested in what LEVX actually is or how to monetize it further than just selling in the market.
So, if you just want to sell, go ahead. But this is written for your future benefit, not mine.
What is LEVX?
It’s a token.
Why do you give it away for free to these stupid and useless pieces of shit just because they’re following you?
I don’t know. Maybe I just wanted to do something cool and incidentally you were following me. So I was like ‘Hmm.. Would they be stupid enough to do whatever I demand even though there’s no guarantee that I’ll keep my word? Is this the trustless they were talking about?’ and, yeah, that’s how it started.
Does it mean you were planning to NOT distribute the token at all from the beginning?
That’s a little bit aggressive but it was kinda one of my possible plans, yes. BUT, these poor Mortys in my discord and twitter were way more loyal to me and the DAO so I decided to give it as planned.
I know. I’m such a nice dictator.
Okay, you’re a nice dictator. Now let’s get back to the main topic. What’s LEVX for?
LEVX holders can get distributed 33.3% of my crypto income according to this snapshot vote. But so far only less than $100k was distributed for them as far as I remember and it wasn’t that fun for you guys, right? There were only 333 supply in the market but it’ll increase to 33k after this airdrop. Even I would just sell the token rather than waiting for this further income share that nobody knows when’s next. So the conclusion is: it’s fucked.
LEVX is fucked. And the next is?
I’m so lazy that instead of working in a DAO like sushiswap and giving LEVX holders a portion of my income, I started to make a money making machine that’ll work by itself. That’s much easier for me.
So I’m building DAOKit, Thanoswap and levx.io.
Why Three? Don’t you have to focus on one thing?
No one can predict the future so no one can tell what would be a successful product. That’s why risk hedging is needed. If you put all your effort into one product and if it fails, then sunk cost is already too high so you’ll keep building things that no one wants. But what about this parallel model? I can put more energy into one that has most response from the market. To be honest, I think each of three will bring good feedback from users but the market changes unexpectedly and that’s something we can’t control.
Also I can do it all. I’m a super coder who can build all contract and frontend by myself(even mobile apps but that’s not needed for now). That’s why I’m doing all three. Three will lead us to Valhalla. Odin is with us!
But how are these products related to LEVX holders?
DAOKit is a product any DAO would want to use because of its strong integration of fundraising, treasury accounting, project management and chats. Its monthly usage fee will be collected in LEVX.
Thanoswap is a protocol that combines AMM with veToken model on zkSync and it introduces a new token called THANO$ that you can get by staking LEVX with a certain period up to 2 years, just like veCRV. The more & longer stake, you can get more THANO$. Holders of THANO$ can 1. get voting right to boost which pool to have more token emissions 2. collect fees accrued from pools you voted on 3. get emission of LEVX every 3 days depending on your THANO$ amount.
Lastly, levx.io is an NFT exchange that you can trade liquidated DeFi positions. Its primary currency will be LEVX and fees collected in every trade will go to either LEVX or THANO$ holders(not decided yet).
Is this enough?
I don’t think so. Above is just hypothetical reasoning from your brain and no product actually exists yet. How can we trust their success?
You can’t. Just go fuck off.
It means you don’t mind if all projects fail so LEVX holders get no profit?
If you’re smart, you wouldn’t think in that way. This is all I can tell.
What was the exact distribution plan? It was too long ago.
What do I have to do if I’m eligible?
Follow my twitter & turn on notification. Airdrop will be done in https://levxdao.org/#/airdrops
