Avalanche Ecosystem Tokens

[Davy Jones Kraken]

Hey community

Update for you!

???? Baby Krakens! ????

Our NFT collection is ready! ??

8,888 BBKNFTS in total!
Contract: 0xE29D195cf3614E6e338a2Bb7d01A16025bb33127

Our NFT's our packed with utilities and will blast off featuring 4 income streams to our ecosystem which include a unique share owner facility where you will literally become a shareholder of our project!

In addition, we have left room for insane marketing and future development with an aim to strive the project to new heights for the community!

1st Mint: 9th September 2022

- You will be shareowners!
20% share of all sales are distributed back to NFT holders! You will earn by holding our NFTs in all future sales and secondary sales! You can claim your Avax rewards directly on our website if you hold NFTS!

Also we will push the project forward in the following ways:
- 10% to Liquidity pool in WAVAX
- 10% to Rewards contract in USDC
- 5% to Stakers contract in USDC
- Remaining will be allocated to development and marketing!

We believe everything should be nice and easy user experience, so everything is available through our website!

So we are running a few buy promos for you leading up to the event!

Our first one:
Buy 1 AVAX of BKs to enter into giveaway!
- 5 selected winners receive 3 NFTs and will be first to gain rewards from NFT minting and trading!

The NFTs will be distributed before live!
Mint September 9th @ 12pm UTC

We look forward to seeing you in the chat!

?? www.babykrakens.com
? https://t.me/babykrakens

[Mask]

Yes!

[xZx]

i have to admit, i am shocked to see the mainstream players finding AVAX, even though we knew all along the potential was there. here's to a fun ride north.

[Mask]

Great news!

[xZx]

CNBC is now writing articles about Avalanche subnets!

https://twitter.com/John1wu/status/1559300568375595009?s=20&t=ojkjLWA9p_tvvXZ9STV12A

[xZx]

that's how i was hoping the vote would go, very glad to hear it! having a node providing income to all Burnit holders will be a huge factor in both bear and bull markets.

[MagicMajan]

BurnIt just had a DAO poll with their investors and majority decided to temporarily pause the burn to collect AVAX to run a very own node as a validator!
All earnings of the BurnIt Node will be distributed amongst all holders based on their shares - forever.
I think again it's a great example of how dedicated the whole project is to bring the best for their holders.
Section in their whitepaper got updated already: https://burnit.gitbook.io/whitepaper/token/brn-token

[xZx]

nice to see you here, MagicMajan -- absolutely agree on BRN, the team is working fast and with high standards, so it's a rare combo.

AVAX running right now is perfect timing, too. glad BurrnIt's launch happened prior to the bounce.

[MagicMajan]

Man, I'm so bullish on $AVAX and $BRN!
Especially after successful start of their NFT series and all the planned utilities.
BurnIt team is really stepping up the game.

[xZx]

Stellar (XLM) and Avalanche (AVAX) take off after listing on Robinhood

https://coinjournal.net/news/stellar-xlm-and-avalanche-avax-take-off-after-listing-on-robinhood/

[xZx]

Burnit BRN/AVAX chart:

[xZx]

QI is doing very well lately.

[xZx]

you're welcome, Mask. this list here has been helpful:

https://coinmarketcap.com/view/avalanche-ecosystem/

instead of starting "top down" looking at the biggest, I sorted by price lowest to highest market cap, and then drilled down to see which had strong 24 hr dollar volume.

theoretically that's the best leverage. if AVAX moves from $15 to $150 that's a 10X.

buy an AVAX pair token that also does a 10X and the combined gain is 100X.

this is also a nice resource:

https://twitter.com/WhaleStatsAVAX

[Mask]

I have yet to dive into the AVAX token pairs, just too darn busy. I do appreciate this info. Perhaps soon I can do some learning and see what you've provided. Thanks X.

[xZx]

yeah this media narrative of record corporate outflows in june is pure bunk.

all the articles citing "on chain data" are full of misleading info.

wall street is buying this dip enthusiastically.

as far as AVAX tokens go, there are so many defi sites, DEXs, if any of them were frontloaded by wall street whales then given a big equity raise, that token value would skyrocket and they know it.

since we can't predict which, if any, will be picked up by the financial elites, my approach has been to buy a basket of the best.

my biggest positions are in QI, JOE, PNG, PTP, FITFI, YETI, PEFI.

plus smaller bits of YAK, XAVA, SPELL, ODDZ, PXT, THOR, GMX, CRA, CLY, SNOB.

that's more than enough. lol

[Mask]

Wish I had the cash and cajones to trade these ebbs and flows. Money to be made there. My gut tells me there are peeps in the shadows that are in the know that are making a fortune.

So much of this feels contrived and dirty and that is probably the intent, to drive retail to the sidelines or completely out.

[xZx]

i decided to start staking QI, PNG and JOE.

https://app.benqi.fi/rewards

https://app.pangolin.exchange/#/beta/stake/0

https://traderjoexyz.com/stake/sjoe

might as well -- it's free money.

rewards are paid in various ways -- USDC stable coins (JOE), PNG tokens with Pangolin staking, QI pays in AVAX.

nevertheless --

during a bull market, rewards will be amplified by AVAX underlying asset growth X any token appreciation on the USD pairs.

[Mask]

Liking the strength being shown in AVAX.

[xZx]

wish i'd caught GMX during april. never have I seen such a strong chart with so little promo on social.

GMX Twitter has 38K followers but I never see it discussed much.

https://twitter.com/GMX_IO

https://coinmarketcap.com/currencies/gmx/

the bear market backdrop hasn't hurt it one bit.

[xZx]

FITFI having a great day....

https://coinmarketcap.com/currencies/step-app/

[xZx]

QI is one of my faves, it's breaking out today.

https://coinmarketcap.com/currencies/benqi/

buying these is easy. use https://chainlist.org/ to add the avalanche network to metamask. send some AVAX.

then go to trader joe or pangolin

https://traderjoexyz.com/trade#/

https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982

instead of paying $42 or $86 a trade like ETH, with AVAX it's about .12 per transaction. and much faster.

[xZx]

Got AVAX? ETH may be the next LUNA, according to some:

DeFi contagion? Analysts warn of ‘Staked Ether’ de-pegging from Ethereum by 50%

https://cointelegraph.com/news/defi-contagion-analysts-warn-of-staked-ether-de-pegging-from-ethereum-by-50

more backstory here:

https://twitter.com/Crypto_Jargon/status/1535636427639488512?s=20&t=8nXlS7v40rnKSIfYuuJQHw

if true, maybe this could give AVAX and its ecosystem a huge boost.

[xZx]

i never by these AVAX-based tokens with a stablecoin like USDT, etc. to me that defeats the purpose.

i buy with AVAX, because then the token pair trades with AVAX, not USD.

you'll see the difference in these two charts --

first is PNG/USDT. see how much less volatile it is?

https://www.tradingview.com/x/w9b0vdv7/

then here's PNG/AVAX:

https://www.tradingview.com/x/e5vdjV4Z/

and another view of it, more zoomed in:

https://www.tradingview.com/x/mLDPqXr2/

then look at the difference in my list view:



insane leverage -- but also volatility -- with the AVAX pair!!

[xZx]

yes, AVAX-based tokens have combined leverage. many people don't understand how this works --

if you buy these tokens with the underlying asset pair, you get exposure to that volatility. with AVAX at $20 now, i see more long term upside than downside.

let's say AVAX recovers to $120 in a new bull market, all your AVAX-based token pairs will get an automatic 6X.

then add to that whatever the token price does, if it's a 20X, the combined leverage is 120X.

this is why i'd like to see some of our BNB-based tokens relaunch on AVAX chain.

here's an example, let's say Snowball, symbol SNOB, goes back to .08. that's a 52X. but if AVAX also does a 6X back to $120 during that time, the total gain is 312X.

https://coinmarketcap.com/currencies/snowball-finance/

https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982

[xZx]

lots of bargains today. i grabbed QI, JOE, PNG, THOR, FITFI, XAVA, plus some AVAX.

[xZx]

FITFI is part of the step-counting bandwagon, launched on AVAX.

https://coinmarketcap.com/currencies/step-app/

I’ve been accumulating it on the dip. FITFI showed up on the AVAX whales Twitter recently. https://twitter.com/WhaleStatsAVAX

[xZx]

it takes less than a minute to create a subnet in AVAX, so a company, person, or group, can have their own blockchain:

https://docs.avax.network/subnets/

the numbers for new subnets are growing fast.

https://twitter.com/el33th4xor/status/1534582347470884865?s=20

one big advantage is having the same safety and security of AVAX with your own chain on the network.

use it for the native token, NFTs, etc.

[xZx]

Avalanche Overtakes SHIB to Hop to the 15th Rank

https://www.investing.com/news/cryptocurrency-news/avalanche-overtakes-shib-to-hop-to-the-15th-rank-2834410

[xZx]

sounds good. i have some QI already but will add more if it gets back to .013

[lakers17]

Time for newer coins that are more efficient to take over for ETH and others.

[lakers17]

If BTC moves again and doubles, AVAX would to up 4 to 5 times where it is now around $24.

[lakers17]

Watching BENQI but for now buying accumulating AVAX. So many coins out there.

[lakers17]

I like this AVAX token. If only it could overtake and replace ETH. Faster and less energy.

[xZx]

BENQI, symbol QI, is bottoming and under heavy accumulation:

it's showing up often on https://twitter.com/WhaleStatsAVAX

https://coinmarketcap.com/currencies/benqi/

[xZx]

AVAX chart:

[xZx]

This Twitter account is tracking top purchases of AVAX whales: https://twitter.com/WhaleStatsAVAX

[xZx]

Here’s a huge list, ranked by market cap, of AVAX-based tokens: https://coinmarketcap.com/view/avalanche-ecosystem/

[xZx]

AVAX Ecosystem Tokens Telegram chat is here: https://t.me/AvalancheTokens

[xZx]

for trading with AVAX, i like pangolin exchange:

https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982

traderjoe is a larger AVAX-based exchange but it's slow to load charts and i didn't like how it wanted to add a network to my wallet automatically! metamask put up a warning that it didn't recognize the details of the network. so i avoided traderjoe.

by the way, to safely and easily add a network for AVAX to metamask, i went to https://chainlist.org/

you connect your wallet and then click the button for the network you want, and i think there are a couple of signings to finish the process. but very simple.

then i went to pangolin: https://app.pangolin.exchange/#/beta/swap?inputCurrency=0x60781C2586D68229fde47564546784ab3fACA982

sending AVAX to your wallet so you'll have spending money can be done just like BNB or ETH. transfers are really fast.

i'm building very small positions in these tokens. some of the ones i liked are PNG (hative token of pangolin), FITFI, ODDZ, JOE (that's the exchange i mentioned earlier), QI, others i'm not as sold on but grabbed anyway, are XAVA, SNOB, YAK. like smartdefi, some of these have market caps of like $175K, so imagine if a project like that went to $500M market cap. i couldn't resist grabbing a very small amount of those long shots.

trading is super fast, and fees are very low, like .12 or so.

[xZx]

i've been trading tokens in the avalanche ecosystem lately.

for an order that would cost anywhere between $25 and $80 to trade on ETH, with AVAX my fees are around .12

yes, that's correct. twelve cents.

plus it's blazing fast, and uses very little energy per transaction:

https://www.hostmerchantservices.com/articles/what-is-avalanche-network-avax-is-it-the-most-energy-efficient-crypto-network/

it can even integrate with, and speed up, legacy blockchains... and it's ready for the multiverse:

https://www.crowdfundinsider.com/2022/03/188018-avalanche-announces-avalanche-multiverse-includes-290-million-incentive-program/

so i'm betting crypto bear market prices for most AVAX-related projects will be like buying dot-com infrastructure plays after the nasdaq bubble burst, years ago.

if you think AVAX will be a rising star in digital assets, and drive web3, now is the time to start loading up on the native token, AVAX, and lots of other tokens using its network.

[xZx]

WhaleStatsAVAX - BabyWhale ($BBW)

What are the richest AVAX whales buying & selling? Follow along!

https://twitter.com/WhaleStatsAVAX

[xZx]

Top Avalanche Ecosystem Tokens by Market Capitalization

https://coinmarketcap.com/view/avalanche-ecosystem/