@graildoteth

SpaceX's public listing today is a major milestone for the entire space industry and marks the beginning of mainstream space as a serious, investable industry. This is an important enough milestone for the industry that I feel it's worth commenting on. Everyone here (most who are just tourist investors pivoting from crypto to the latest trends) is throwing takes out there about whether SpaceX is overvalued or not. I want to skip all that and focus on something else: "Space as an investable industry going mainstream". If, before, "space as an industry" was something only VCs and forward-thinking investors threw money at, it's now an investable category with tremendous growth potential over the next decade. Space is probably THE most exciting investable growth story unfolding in real time over the next decade. Space investing is still in its infancy, but the early space infrastructure is being built out, and what happens (or does not happen) is vitally important to the future of humanity. It's still possible to get a piece of the pie here. Regardless of what happens with the SpaceX IPO, this will be a day for the history books. I've personally been angel investing in space companies since 2018, long before anyone was talking about space as an investable asset class. While crypto has been broadly disappointing over the past several years, it turns out that Space is booming. It pays to diversify investments and not go all in on one single asset class. I've lost quite a bit holding crypto bags to the ground, but my angel investing spree into early space companies is bringing some crazy returns. I've invested seven figures (~$2,000,000) into a dozen space companies since 2019. So I've been excited about this industry for almost a decade now (nearly the same time I've been investing in crypto). I invested in SpaceX in 2019 at a 32B valuation, which at the time seemed like a crazy-high valuation. My thought, though, was that Elon could pull something off and build out a key infra company, and that maybe by 2030 the company could be a trillion-dollar company IF the space industry expanded and became mainstream. Well, 7 years later and 4-5 years earlier, that's become a reality. My small angel bet, on paper, is a ~55x return (less with dilution). And a number of my other early seed investments in space companies back in 2020 are yielding enormous returns, with several set to IPO shortly. It felt kind of crazy writing small angel checks into space companies on the belief that those companies might well be the future's versions of the core gas, oil, electric, telecom, and railway companies. What's even more exciting (and where I've been placing a lot of bets over the 2020-2023 period) is all the other space companies building something. While SpaceX is getting all the mainstream attention, it's also going to bring serious investor attention to the dozens (hundreds?) of smaller companies building space companies. This entire sector, collectively called New Space, is worth watching. I really believe that the East India Companies that dominated international trade in the early 1600s will, in some ways, be replicated in Space over the coming decade. Whatever happens with SpaceX and the stock over the short term, I'm more excited about the long term for Space as an investable sector. This is definitely a sector you will want to pay close attention to, now that SpaceX has brought mainstream attention to the space industry. There will still be new opportunities betting on future growth in this sector. As for SpaceX, over the long term, I do feel it's going to be one of the fundamental infra companies building in this sector, and I think it will grow into a 5-10T company over the next decade. But there are OTHER companies building out early space infrastructure that might well become deca-billion- and even trillion-dollar companies. It is to those companies that I think there are gains to be had.

Audemars Piguet is having its very own Azuki Elementals moment. Downhill for the brand from here. Time to sell

Any coin tickers with fake positivity conviction names are always 100% rugs $BELIEVE, $BELIEF, $WELL and so on. The more positive the ticker name, the more ruggy the team is. If you want to lose money, at least get a fucking vacation out of the loss. Skip dumping your savings into these scam coins and wasting your time. Just fly to Bali, join a mastermind group led by a long-haired guy named Kyeth, and invest your life savings in his upcoming good energy, environmentally sustainable 'villa development' project. You can at least lose all your money while enjoying good weather, looking at fit people, and chowing down acai bowls for breakfast.

Looks like those ICO participants who locked their @megaeth allocations for 12 months also get to join the "Stake for MEGA KPI rewards" fun over at the new staking dashboard: https://t.co/N68OA87z2Y I assume this applies to all the public MEGA rounds (Sonar, Echo, Fluffles). Waiting on more details, but it appears your locked/vested $MEGA will by default be staked into the pools along with the rest of the stakers (i.e., those who stake their liquid MEGA). BUT WON'T THE LOCKED TOKENS EAT ALL THE REWARDS AND ADD TO SELL PRESSURE No. They will dilute the rewards, yes. But this won't add to the early circulating supply over the first year (and longer, depending on the kind of vesting). All earned rewards from KPIs will follow the same vesting schedule as the underlying tokens. So, if your ICO tokens are locked for the next 12 months, all the $MEGA rewards earned from unlocked KPIs will accrue and be released in 12 months at the same time as your locked tokens. So you get your tokens + a big chunk of KPI-earned rewards added to the pot. Cool. None of the ICO participants gets left behind. Conviction got you a bigger chunk of tokens, and you can also share in the rewards. I think this inclusion helps bind everyone closer to the ecosystem: now, there is a good reason for those with long locks to participate more closely in what's going on. This is a fair way to do it, as locked tokens don't receive liquid rewards until their vesting, so there isn't a supply dump. It also prevents unfair vesting where large chunks of investor/team supply get the bulk of the reward pool to sell. We've seen that trick play out with some of the other ecosystems (@LooksRare had this trick, @celestia as well), where 'investors' and 'team' are all locked at TGE, but they are able to stake their huge cheap supply of tokens into the reward pools and get liquid tokens, which they can sell into a tiny circulating supply. No such tricks here! With a huge chunk of the ecosystem incentives locked behind KPIs, staking here is far more interesting than the usual "stake and get X%" offers. Combined with the utility flywheels to build demand for $MEGA, it earns by staking for the KPI unlocks could pay out handsomely IF the ecosystem successfully expands.

Well, well, well. $MEGA at a 2B FDV 2x+ for ICO buyers 2.2x paper gains for those who locked for 12 months Looks like @megaeth was able to pull the rabbit out of the hat with the royal flush of listing spreads: Coinbase, Bybit, Upbit, Bitthumb, and now even Binance. Looks like actually having some principles in this space still matters. Where building a robust ecosystem where the token actually matters counts. -Making your token useful -Creating a pathway to capture value from economic activity on the chain (mUSD, proximety markets) -Building infra that delivers a 10x tech improvement Showing a playbook here that it's still possible to successfully TGE a token in a bear market without engaging in the following tactics: -kowtowing to exchanges with supply bribes -paying KOL to shill -front-loading the TGE with incentives to push fake metrics (Kaito campaigns, point farming, etc) Still day 1 in a long journey. Still early. But congratulations to the @megaeth team for a strong, substantive, and PRINCIPLED launch. It's a rare sight in a space that rewards crime. Good to see good teams win. Hopefully an inspiration playbook for other quality projects to follow.