Researching a project to build your own conviction is a key next step in the journey of an on chain investor. Once you are able to (1) identify projects, (2) be able to research them (3) understand hype levels / implied expectations and (4) understand macro backdrop, you will be in a much better place than finding ideas just on twitter.
onchain wizard, I was trying to download a csv of etherscan tx's as per article 2 but it always comes out blank no matter what time range I put. Do you know how to fix this? Love your articles my man
Hey Wiz, just looking over the Serum page on Messari and it says 'The protocol uses 80% of the fees it generates to buy back and burn SRM tokens. These buy and burns are conducted approximately every week.' Would you look at the protocol to see how much it is generating in fees? Do you know where you could get this info? Thanks
So if I have this right Messari has the total supply in March 2022 at ~1,008,000,000 and the total available in April is 1,149,000,000 which is an increase of ~141m.
The Circulating supply in April at the start of April is ~133m which increases to ~263m which is a total increase of ~130m.
So this means the new tokens that were created in April were immediately dumped on the market and there is potentially another 1bn which could be dumped into the market (that is if the share holders wanted/ needed to sell their holdings).
The burn rate in April was 1.4m which is just 1% of amount minted in the circulating supply!
Just to check the totals on the supply schedule is different to the circulating supply because it is not available to buy on a DEC or CEX?
Also just a thought I had, but have you ever thought about creating an investment DAO? it could mean more than one person wale watching and coming up with coin investment ideas?
I used to hold like ~3 months until the idea worked or didn't. At this point I am either holding stables or holding the positions I already had + selectively writing covered calls on the positions.
nice idea, so you take out a little insurance premium, how long do the calls typically last on your positions?
Also with all the analytical software you mention on the analysis you do (Nansen, Messari etc) do you have paid subscriptions to them all or do you use the free service on them?
Just look at the circulating supply each month on Messari. Its increasing by 9%/month. The total circ token supply is increasing by like 9x from today thru the next 6 years, so not sure what numbers u are using.
Loving the content man super glad I ran across your page
Awesome article!
My favorite wizard on chain :)
Good ass read. Ty!
You are a real life saver ser. Is there any way I can contact and ask you doubts? Thanks ser 💞
You can shoot me a dm on twitter if u have questions
Boom! I was waiting for it.. thanks!
Hope you enjoy it. Ask questions if you have them!
very useful that you summarised key points in the end!
onchain wizard, I was trying to download a csv of etherscan tx's as per article 2 but it always comes out blank no matter what time range I put. Do you know how to fix this? Love your articles my man
This is pure fire
Thanks for news, great!
Hey Wiz, just looking over the Serum page on Messari and it says 'The protocol uses 80% of the fees it generates to buy back and burn SRM tokens. These buy and burns are conducted approximately every week.' Would you look at the protocol to see how much it is generating in fees? Do you know where you could get this info? Thanks
https://projectserum.vybenetwork.com/#/
wow this is actually worse than I thought,
So if I have this right Messari has the total supply in March 2022 at ~1,008,000,000 and the total available in April is 1,149,000,000 which is an increase of ~141m.
The Circulating supply in April at the start of April is ~133m which increases to ~263m which is a total increase of ~130m.
So this means the new tokens that were created in April were immediately dumped on the market and there is potentially another 1bn which could be dumped into the market (that is if the share holders wanted/ needed to sell their holdings).
The burn rate in April was 1.4m which is just 1% of amount minted in the circulating supply!
Just to check the totals on the supply schedule is different to the circulating supply because it is not available to buy on a DEC or CEX?
Also just a thought I had, but have you ever thought about creating an investment DAO? it could mean more than one person wale watching and coming up with coin investment ideas?
great stuff! real gold dust!
Can I ask, how long do you typically hold your positions for is it according to micro or macro economics?
I used to hold like ~3 months until the idea worked or didn't. At this point I am either holding stables or holding the positions I already had + selectively writing covered calls on the positions.
nice idea, so you take out a little insurance premium, how long do the calls typically last on your positions?
Also with all the analytical software you mention on the analysis you do (Nansen, Messari etc) do you have paid subscriptions to them all or do you use the free service on them?
Thanks, Ravi
30 days. Pay for Messari and Nansen (but also have my own tool in the works).
Really interesting, I use the VIX to hedge my equity portfolio, but covered calls is a great idea.
If you want some help with your tool, happy to lend a hand, I work in Fintech for a tier 1 bank...
Hello Wiz, re reading your posts and just wondering how you tracked smart money going into NEAR? Was it using Nansen?
A mixture of Nansen and some wallets I follow - but some have reversed positions since
Thanks. The reversal is interesting, TVL & Txs still doing well.
Loving this bro.
I wonder: is there a way to put this in a python code?
I do some data science with python notebooks. And your approach seems like a process. This could be automated in a python code. Right?
Am just curious, how u got the 9%/month inflation rate of SRM.
Because from my own calculation, it's gon unlock 90% in 6yrs. i.e 15%/yr.
So 9%/month,how? Pls can u explain?
Just look at the circulating supply each month on Messari. Its increasing by 9%/month. The total circ token supply is increasing by like 9x from today thru the next 6 years, so not sure what numbers u are using.
Amazing!