fuckin genuis, socioeconomic perspective giga-chad. the dilution rate has been astronomical. id be interested if anyone has done a derivatives v scam project % it would be telling of what could be taking place. secondary point is checking bot activity across as a net +/- with these projects to see if they are successful in beating market trends.
Thanks! I think for the first analysis point I would say that anecdotally the % of scams are proportionally higher due to the propensity to blindly mint and degen as these are more momentum and ephemeral plays. Also caveat here is defining what a scam is. If you time some of these projects well you can still make a healthy gain, scam or not. That said, scams are obviously bad regardless of personal gain/loss.
For the second point is if these are free mints, I believe yes bots and mass minting is a +EV value because these are free mints. Also free mint/deriv contracts are typically looser with per wallet limitations or have less secure contracts, allowing for more loopholes.
both great definition points for the ask. i appreciate your thorough response! your answers offer some other interesting points - i do need to add my definition of scam is pure sense of criminal intent to gain assets. i dont want to unintentionally lump in failed projects or businesses when they were making positive attempts.
fantastic follow point on the free mints. these are a highly underrated but mass engaged aspect to projects. capturing your top 10% is a potential gimme but with a free drop it will almost always cause a higher conversion rate.
fuckin genuis, socioeconomic perspective giga-chad. the dilution rate has been astronomical. id be interested if anyone has done a derivatives v scam project % it would be telling of what could be taking place. secondary point is checking bot activity across as a net +/- with these projects to see if they are successful in beating market trends.
Thanks! I think for the first analysis point I would say that anecdotally the % of scams are proportionally higher due to the propensity to blindly mint and degen as these are more momentum and ephemeral plays. Also caveat here is defining what a scam is. If you time some of these projects well you can still make a healthy gain, scam or not. That said, scams are obviously bad regardless of personal gain/loss.
For the second point is if these are free mints, I believe yes bots and mass minting is a +EV value because these are free mints. Also free mint/deriv contracts are typically looser with per wallet limitations or have less secure contracts, allowing for more loopholes.
both great definition points for the ask. i appreciate your thorough response! your answers offer some other interesting points - i do need to add my definition of scam is pure sense of criminal intent to gain assets. i dont want to unintentionally lump in failed projects or businesses when they were making positive attempts.
fantastic follow point on the free mints. these are a highly underrated but mass engaged aspect to projects. capturing your top 10% is a potential gimme but with a free drop it will almost always cause a higher conversion rate.