P2P Trading mai Manipulation

Welcome 🙏 to JOINT #2! Yes, we are back yet again with the latest web3 news 🎊🫶

This week was really happening too and we are so sure you aren't aware of it so here we are presenting this week's freshly baked, prepared and rolled Joint #3🚬🗞

Lets start with the market updates and how BTC and ETH are performing this week

On Todays Joint we have rolled you this:

• Azuki Elementals: NFTs that look same but cost 5x more

• P2P Trading: How Verified Merchants are Manipulating the Market

• Pudgy Penguins: The most successful IP in NFTs

• What are DEXs?

• Project Review: XDEFI Wallet

AZUKI Fucked up

Azuki's "Elementals" NFT Drop Generates $38 Million in 15 Minutes, but Faces Setbacks! 📉

In a blink-and-you'll-miss-it frenzy, Churi Labs, the masterminds behind Azuki's beloved NFT collection, unleashed their "Elementals" drop, and oh boy, it was like a wild west showdown! 🚀💰

Excitement was in the air as Churi Labs, the company behind the popular Azuki NFT collection, launched their much-anticipated "Elementals" NFT drop.

In just 15 minutes, the sale managed to raise a staggering $38 million, setting a new record for Azuki.

For a price of 2 ETH or approximately $3,700, Azuki and Beanz NFT holders were given the opportunity to acquire an "Azuki Elemental."

These unique avatars showcased additional elements like water, earth, fire, and lightning, expanding upon the original collection.

But, uh-oh, here comes the plot twist! The Azuki community wasn't exactly doing backflips of joy. In fact, they were fuming like a dragon that just had its treasure stolen! 😡 

Why all the grumbling, you ask? Well, it turns out that the Azuki Elementals looked suspiciously similar to their original collection.

Talk about a case of déjà vu! The community was hoping for a fresh and innovative twist, but instead, they got a rerun of the same old show.

As if the déjà vu drama wasn't enough, glitches and bugs decided to crash the party. The minting process was as chaotic as trying to herd a bunch of caffeinated kittens!

Some poor souls with multiple Azuki NFTs in their pockets were left empty-handed, unable to snag an Elemental due to a measly 10-minute window. Talk about a missed opportunity!

And the fallout from all these misadventures? Brace yourselves, because it's a rollercoaster ride straight down! The floor price of the Azuki collection plunged like a bungee jumper without a bungee cord, plummeting a whopping 50% in just a few days! Ouch!

Fear not, my fellow NFT enthusiasts! The Azuki team has heard the cries of the disappointed and vowed to make things right. They're working tirelessly to fix the issues and regain the trust of their devoted community. We're rooting for you, Azuki!

Verified Merchants Humko Yeda Bana Rahe hai

We all know that India's crypto journey has been quite the rollercoaster, with recent government meddling shaking up the sector.

Picture this: the Indian crypto scene is like a wild jungle, filled with vibrant exchanges like WazirX and CoinDCX. But just when you thought it was all smooth sailing, the government decided to spice things up with some regulatory meddling. Cue the dramatic music! 🎵🌶️

Suddenly, like a cruel plot twist, the exchanges closed their withdrawals to non-custodial wallets. It felt like being trapped in a virtual prison, unable to access the wonders of Web 3.0. But fear not, my friends, for where there's a will, there's always a way! 🗝️💪

Enter the world of peer-to-peer (P2P) trading, where the community's love for crypto prevails against all odds. In this adventure, Binance, one of the major exchanges, took on the role of a mediator, providing an escrow service for P2P trades. Talk about being the matchmaker of the crypto world! 💑💰

At first, things seemed promising, with the spread between Indian Rupees (INR) and USDT (Tether) as tight as a jar lid you just can't seem to open – not more than 0.3 INR per USDT! But wait, here come the scammers, raining on our crypto parade. 😱

They crashed the party, leaving innocent crypto enthusiasts in tears. Trust took a hit harder than a dramatic Bollywood breakup song. 😢💔

But guess what? Binance couldn't stand idly by while our crypto heroes suffered! They unleashed a powerful weapon—the Verified Merchant feature. Think of it as a superhero cape fluttering in the wind. Only the bravest traders dared to wear it! 🦸‍♀️🛡️

To earn that golden tick of trust, traders had to undergo a KYC process, fulfilling certain conditions to prove they were the real deal. These Verified Merchants became the shining knights protecting the community from scam-artists. Finally, some hope in the crypto galaxy! ⚔️✨

Binance, being the mastermind it is, decided to put the spotlight on these Verified Merchants. They flipped the switch, activating the "only show verified merchants ads" filter by default. It was like giving them a VIP pass to the crypto party! 🎫🌟

Some Verified Merchants, driven by the desire to fill their pockets a bit more, began to manipulate the markets ever so subtly. The spread, my friends, started to widen.

From 0.3 INR, it gradually grew to 1 INR, and now, hold your breath, it's sitting around 5 INR! That's approximately 7% to 8% profit on every single P2P trade. The numbers are mind-boggling! 💸📈

Our opinion, while you can trade via Binance P2P, turn off the filter but only trade with people with high completion rate as it is comparatively safer and fair.

Cute Soft toys making money for the Community

In this enchanting realm, Pudgy Penguins reign supreme with their overwhelming cuteness. They have mastered the art of leveraging their elite IP status to dominate the web3 landscape.

But how did they transform their cuteness into an unfair advantage? Let's embark on a magical journey and find out! 🌈🚀

Enter Pudgy Media, the brainchild of the brilliant luca netz. 🧠💡 They have unleashed the power of these adorable penguins across various media platforms, spreading joy far and wide.

Their strategy is simple yet mind-blowing: target kids and families with heartwarming content that makes everyone go "awww!" 🎯❤️

With a staggering 3.5K GIFs on GIPHY, they have earned over 4 billion impressions. 🎥📈 That's more than some legendary brands like Pokémon! 🎉

⚡️But wait, there's more! Pudgy Penguins have taken Instagram by storm, attracting 626k followers.

Their account is a delightful mix of cute penguins and positive mental health reminders, making millennials and Gen Z fall head over heels. 😍💙

You might be wondering, "But why are Pudgy Penguins on Instagram if they're an NFT Project?" Ah, dear reader, the genius lies in their media strategy.

They not only capture the hearts of the younger generation but also melt the older siblings' and young parents' hearts. They create a media presence that caters to both demographics, spreading joy across all generations. 🌟👨‍👩‍👧‍👦

This brilliant strategy doesn't just bring short-term revenue; it crafts a carefully designed customer journey and growth loop.

Through their adorable toys and bundled trait NFTs, Pudgy Penguins are onboarding web3 advocates in every home.

Imagine little julie, selling her Pudgy traits for $200. Her family will be buzzing about it for months, and web3 will become the talk of the town! 💰💬

Not only does this growth loop expand their user base, but it also ensures lifetime loyalty.

Pudgy Penguins have magically woven their adorable IP with the world of web3, creating an ecosystem that drives value, onboards new users, and sustains operations.

It's like playing a game of Chess, but with extra cuteness and magical moves! ♟️🎩✨

And here's where your NFT ownership comes into play!

As a proud owner of a Pudgy Penguin, you possess a piece of something massive. While it may not directly shower you with airdrops or astronomical profits, it grants you access to an origin story that's evolving into mainstream culture.

Luca Netz, the mastermind behind Pudgy Penguins, champions the move away from ponzinomics, focusing on lasting value, relevance, and impact. 🌟💪🚀

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What Are DEXs?

Imagine you are a 5 year old kid and have a bunch of toys, and you want to trade them with your friends.

Usually, you would need a grown-up to help you, right?

But with a decentralized exchange, it's like having a special magical box where you and your friends can trade toys directly, without needing a grown-up! This magical box is called a DEX.

The cool thing about this magical box is that it doesn't belong to anyone in particular. It's not owned by a grown-up or a company.

Instead, it's shared by many people who want to trade their toys. This way, everyone can use it freely.

Inside the magical box, you can see a list of all the toys that people want to trade. You can look at the list and choose which toys you want to get in exchange for your toys.

And if someone likes your toys, they can choose to trade with you too!

But how does it work without a grown-up? Well, inside the magical box, there are special rules and codes that make sure everything happens fairly and securely.

These rules are like the magic spells that keep everything in order. When you want to trade, the magical box helps you swap your toys with your friend's toys automatically.

It makes sure that you both get what you agreed upon and that nobody can cheat or take advantage of the other.

So, a decentralized exchange, or DEX, is like a magical box where you and your friends can trade toys directly, without needing a grown-up, using special rules and codes to keep everything fair and secure. Isn't that cool?

XDEFI: Probably the best cross-chain wallet in Web3 ecosystem

In the ever-evolving landscape of decentralized finance (DeFi), having a reliable and user-friendly cross-chain wallet is crucial.

XDEFI Wallet has emerged as a top contender, offering an exceptional user experience and a comprehensive set of features.

One of the most remarkable aspects of XDEFI Wallet is its unparalleled support for cross-chain interoperability. It allows users to effortlessly manage their digital assets across multiple blockchain networks, eliminating the need for multiple wallets.

Whether you're dealing with Ethereum, Bitcoin, Solana or Tezos, XDEFI Wallet seamlessly integrates them into a single, intuitive interface.

And this wallet have single Secret Phrase all chains which means no need to have different wallets for different chains and secure different secret phrases

We all know that metamask is widely accepted wallet accross evm chains the feature to Prioritise XDEFI gives you an option to directly connect your XDesfi wallet with any Dapp by just clicking connect metamask button

XDEFI Wallet boasts an elegant and user-friendly interface, making it accessible to both newcomers and experienced users.

The wallet's intuitive design simplifies the management of digital assets, with clear navigation and comprehensive transaction history.

Even complex tasks such as staking and interacting with decentralized exchanges are made easy, ensuring a hassle-free DeFi experience.

XDEFI Wallet goes beyond being a simple storage solution. It offers an extensive range of DeFi services, providing users with a one-stop-shop for all their decentralized finance needs.

Users can participate in staking, yield farming, and liquidity provision, all from within the wallet interface. The seamless integration with popular decentralized exchanges enables easy swapping of assets while ensuring the best available rates.

XDEFI Wallet has established itself as a leading cross-chain wallet in the Web3 ecosystem, thanks to its seamless cross-chain interoperability, user-friendly interface, robust security measures, comprehensive DeFi services, and regular updates.

Whether you're a beginner or an experienced DeFi enthusiast, XDEFI Wallet offers a powerful and intuitive solution for managing your digital assets across multiple blockchain networks.

PS: We havent received any money to promote it but we really loved the product.

This is what the JOINT #3 had to offer we went from Azuki Blunder to what are DEXs and we promise to deliver an even better experience next time🤗🤗 so stay subscribed!

Also please do me a favor and share this newsletter with your web3 friends 🫂🫂(secret - this will make sure you make good money in web3 world in the coming future)❤️❤️😭😭😭

Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #4!!🫂🫂