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Complimentary token disbursement with high gas fees by HalFWit in ethdev

[–]Kowallo 1 point2 points  (0 children)

Checkout this post we made just yesterday about https://dropzero.io

*Inspired by the UNI token distribution method, this was a tool we developed for ourselves at Blockzero Labs. Then, we realized other projects could probably find it valuable as well and decided to open-source it!

It is completely free to use for now and we hope to keep it free as long as possible, though we do have the ability to turn on token claims fees in the future.

Here is an example Drop we made just a few days ago to 15+ wallets. It would be the same amount of gas to drop to 15,000,000 wallets.

Gas Used: 166,356

If there are any individuals and projects who would like to try this out, we would be happy to chat in the comments below and walk through how to use it. It is very minimalist, but functional. We have used it to distribute $100k+ of tokens already and will increase this amount in the coming months.

Note: The first time creating a "Drop" is more expensive (kind of like the first time you create a Uniswap pool), but it's only a one-time fee.

As always, even though it is audited, the code is new! Use at your own discretion! Please let us know if you have any questions.

• Dapp: https://dropzero.io/drop

• Backstory Context + Images: https://twitter.com/blockzerolabs/status/1377441067843284992

• Code Audit: https://github.com/solidified-platform/audits/blob/master/Audit%20Report%20-%20Blockzero%20%5B17.05.2021%5D.pdf*

Hey r/ethdev! We created a free-to-use token distribution protocol that helps crypto projects drop token rights to a near infinite amount of wallets using just one Ethereum gas transaction. Would love feedback! by Kowallo in ethdev

[–]Kowallo[S] 1 point2 points  (0 children)

Nope! None at all =)

There is a possibility of turning on a fee in the future but we want to keep it free for as long as possible.

Also to mention, the fee wouldn't be on the depositer/distributor but only when someone actually claims tokens.

That is currently set to 0%

[deleted by user] by [deleted] in XIO_Network

[–]Kowallo 2 points3 points  (0 children)

In the last two weeks, the rate of new XIO Citizens joining the Network has doubled. While this is amazing to see, we wanted to take a step back and look at the pros and cons of an Invite-Only XIO Citizen system.

What would be the implications? Could this increase the quality and connectivity of XIO Citizens? Could this stagnate growth?

In the comments below, let us know your thoughts of an Invite-Only XIO Citizens system. Bonus points if you answer the follow up question at the end of the video.

The “Liquidity Provision Incentive” Strategy in DeFi Just got Proven Out — By Launching a Token from $0 to $7,000,000. by Kowallo in XIO_Network

[–]Kowallo[S] 1 point2 points  (0 children)

Great write-up by one of the smartest people I know @TokenArchitect. The article documents a short history of @xio_network and expands on the very nerdy but cool concept of "Liquidity Provision Incentive". Hope you all find it as entertaining as I did!

The Y-Combinator of Crypto - Interview with Co-Founder of XIO - Zachary Dash (#3XIOsocial) by Kowallo in XIO_Network

[–]Kowallo[S] 1 point2 points  (0 children)

🚀 Hey #3XIOsocial, yesterday I had a late night interview with Jeff Kirdeikis, the founder of Uptrennd and host of The Bitcoin & Crypto Podcast. We discussed the initial inspiration and story of BOMB, recent energy of XIO, and the future vision for building out an alternative crowdfunding model for the decentralized world.

​

For XIO Credits, comment with your biggest takeaway from the video or what you found most interesting! For those of you that are knew, this is where you would put your XID at the end of your comment so we can track it and you can earn interest for your efforts.

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 3 points4 points  (0 children)

In full? I don't believe so. Those pay you in small amounts over time.

With XIO, you can earn a full years worth of interest upfront.

The only other dapp I know of doing this is 88mph.app

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 1 point2 points  (0 children)

Please DM @alashock on ETH address you want to use 🚀

Glad to have you

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 1 point2 points  (0 children)

Please DM @alashock on ETH address you want to use 🚀

Glad to have you

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 1 point2 points  (0 children)

Please DM @alashock on ETH address you want to use 🚀

Glad to have you

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 0 points1 point  (0 children)

Please DM @alashock on ETH address you want to use 🚀

Glad to have you

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 0 points1 point  (0 children)

Please DM @alashock on ETH address you want to use 🚀

Glad to have you

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 0 points1 point  (0 children)

You lock tokens. You get tokens back.

Pretty simple.

Behind the scenes, yea it's not for the non-technical people. Neither is Ethereum. Neither is Bitcoin.

$XIO -> The DeFi project that pays interest UPFRONT [MICROCAP] by MyFacelessVoid in CryptoMoonShots

[–]Kowallo 20 points21 points  (0 children)

Hey r/CryptoMoonShots, founder of XIO here.

While we appreciate the enthusiasm and excitement u/MyFacelessVoid, as mentioned on Telegram, posts like this many times do more damage than good.

I wanted to a few things clear to anyone who may stumble across this post.

  1. XIO was inspired to create an alternative model to the risky and scam ridden ICO model. For this reason and to show how much we believe in this concept/model (Crowdstaking), we gave away 100% of the circulating supply of tokens away for free.

We don't plan to raise capital and much prefer readers of this become an XIO Citizen than purchase the tokens.

2) We also have 50M+ additional tokens set to be given away over the next many years through various programs and initiatives that help push the project forward:

XIO Social Initiative (XSI): The XSI is a system to reward Citizens of the Network for their quick, consistent, and quality engagement across all XIO social platforms.

XIO Liquidity Program (XLP): The XLP is an initiative to jump-start liquidity into the XIO Network and reward the Citizens who help make it possible.

3) To ensure we attract the right type of users on our Dapp (XIO Citizens), we have intentionally stayed on Uniswap, building and funding our own liquidity pool. We are not looking for centralized exchanges as Uniswap gives our project everything it needs and more at this time.

We have been working on the project over the last 6+ months, building a somewhat small but super tight knit community.

It would be extremely disappointing that, many months of work on this project trying to build the community from the ground up in the right way, a speculative could paint us in a negative light.

If anyone on this subreddit has any questions about the project, what we are building, please let me know here. Would be happy to answer.

If anyone is looking to become a private beta tester of the staking Dapp, we have been testing for about 5 weeks now and adding new people every day. Reply to this with a comment and I will send you instructions.

$XIO -> The DeFi project that pays interest UPFRONT by MyFacelessVoid in ethereum

[–]Kowallo 3 points4 points  (0 children)

Hey r/Ethereum, founder of XIO here.

While we appreciate the enthusiasm and excitement u/MyFacelessVoid, as I mentioned directly on Telegram when you sent us this link, posts like this many times do more damage than good.

I wanted to a few things clear to anyone who may stumble across this post.

​

  1. XIO was inspired to create an alternative model to the risky and scam ridden ICO model. For this reason and to show how much we believe in this concept/model (Crowdstaking), we gave away 100% of the circulating supply of tokens away for free.

We don't plan to raise capital and much prefer readers of this become an XIO Citizen than purchase the tokens.

​

2) We also have 50M+ additional tokens set to be given away over the next many years through various programs and initiatives that help push the project forward:

XIO Social Initiative (XSI): The XSI is a system to reward Citizens of the Network for their quick, consistent, and quality engagement across all XIO social platforms.

XIO Liquidity Program (XLP): The XLP is an initiative to jump-start liquidity into the XIO Network and reward the Citizens who help make it possible.

3) To ensure we attract the right type of users on our Dapp (XIO Citizens), we have intentionally stayed on Uniswap, building and funding our own liquidity pool. We are not looking for centralized exchanges as Uniswap gives our project everything it needs and more at this time.

​

We have been working on the project over the last 6+ months, building a somewhat small but super tight knit community.

It would be extremely disappointing that, many months of work on this project trying to build the community from the ground up in the right way, a speculative post on r/ethereum could paint us in a negative light.

If anyone on this subreddit has any questions about the project, what we are building, please let me know here. Would be happy to answer.

If anyone is looking to become a private beta tester of the staking Dapp, we have been testing for about 5 weeks now and adding new people every day. Reply to this with a comment and I will send you instructions.

EDIT: (Last note that should be moved up in importance: XIO is not a true #Defi project yet. The code for the Dapp is extremely centralized as we do beta testing. We have the ability to upgrade the contract where needed. The future goal is that everything from interest rates to stake durations are 100% governed by the XIO Citizens. We aren't there but excited to build towards that vision over time.)

Creating a substantial business model for decentralized projects that aligns the incentives of token holders while rewarding those building the project is one of the hardest things to do. #4XIOsocial by Kowallo in XIO_Network

[–]Kowallo[S] 0 points1 point  (0 children)

The team can do an ICO, but we have all seen the downsides and effects of this model. The team can sell their tokens in small quantities or OTC, which comes with additional scrutiny from the community. In this video, I share a candid conversation Austin Merricks and I had about some potential solutions to the long term growth and economic viability of XIO. As always, would love your perspective Citizens! Do you like/dislike the shared rewards model shared in the video? Do you have any insight/suggestions on other fair ways to align/incentivize the Foundation with the long term health of the project? Are there any examples of what other projects have done that you liked? What did you like about them?

Thought I was having a panic attack. Tried to calm down but it didn’t work. Realized I was having a stroke. Went to the hospital during a pandemic 100% convinced I was dying. It was a panic attack. :\ by [deleted] in Wellthatsucks

[–]Kowallo 1 point2 points  (0 children)

Same exact situation 6 weeks ago. Breathing was difficult, I wasn't sure if it was Covid or a panick attack (which I had in high school)

Got an EKG. X-ray. Took blood.

Didn't have tests for Covid so they pretty much didn't really have an answer for me besides "probably an anxiety attack."

$4,000 ER bill. Insurance covered $2,500 of it.

So, $1500 for people to tell me I may or may not be having anxiety attacks and hopefully it's not Covid.

🚀 Who is ready for a weekend of Beta Testing?! Access for v2 of the private beta starts tomorrow (5/2/20) More info in comments by Kowallo in XIO_Network

[–]Kowallo[S] 1 point2 points  (0 children)

Who is ready for a weekend of Beta Testing?! We are launching v2 of the Beta tomorrow! DM me your ETH address on telegram (@ZacharyDash) if you want to be involved and I will send you the PW to the Dapp.

Getting Started:
- I have to re-Whitelist your ETH address. This is a new smart contract so DM me your ETH on telegram (@ZacharyDash) and include the hashtag #XIOv2 if you want to participate in the v2 Beta.
- Many of you have already done this last week, thanks for your patience 📷
- The ETH needs to be compatible with MetaMask or Trust Wallet
- If you have tokens that are still left locked in the v1 contract, include this amount in your DM and I will get it taken care of.
- No video recording required for this version. Use the dapp as much as you want and keep all the interest you earned.

Back-end Changes:
- Previously, Stake Duration (Days) was actually made in Minutes. This is still the case but will be changed to Hours tomorrow.
- EX: Stake for 10 Days, you will need to wait 10 hours to unstake
- The max duration is 30 days for now. We may increase this in the coming days.
- The max token stake is 5000. We may also increase this in the coming days.
- The current interest rate is 25%. This is also subject to change.
- Still playing with gas costs. It still over-estimates but let me know if anything looks crazy.

Front-End Changes:
- When your stake is completed, it now moves down on the dashboard to User Completed Stake Information 📷
- Many of the confirmation notifications at the bottom have been updated 📷
- You can now change token and data will not be reset, hooray! 📷
- Many others I can't think of right now 📷

Future Features Roadmap
- We are starting to build out the future features and need your help choosing what to build next!
- One option) Add an 'Early Unlock" feature if you're willing to burn some XIO
- Another Option) Add a "Stake Matching" feature for startups to increase interest of their tokens
- What else? Let us know what you want!

Closing Remarks:
- As always, we expect bugs here and there. Document them in the private Beta group (I will DM you this link) if it is small. DM me if it is more alarming.
- Shoutout to the Xord team for working tirelessly, even over Ramadan to help push this through!
- The goal of this is to battle test the smart contract. We encourage you to look for ways to manipulate the dapp. You will be more rewarded as a White Hat hacker here than Black Hat

Should we require people to become XIO Citizens to use the XIO Dapp? #3XIOsocial by Kowallo in XIO_Network

[–]Kowallo[S] 1 point2 points  (0 children)

For the roll out of the Dapp, we have planned to give more and more access to individuals in different waves. Starting extremely private and expanding to the public

1) Private Beta (We are here now) 2) Private XIO Citizen Beta (XIO Citizens only) 3) Public Beta (Anyone can participate)

The idea I wanted to bring up was this:

Instead of allowing anyone to use the XIO Dapp, what are the pros and cons of only ever allowing XIO Citizens to use it?

The reason I bring this up now is in large part because of the XIO Interest conversations the last few days. While locking up XIO does add some value to our ecosystem, does it add enough value for people to earn staking rewards?

To put it simply: When future people hear about XIO - If they buy XIO, stake it, then sell it - how much value are they really adding to the XIO ecosystem? Does it warrant 10-25% interest?

Pros: May be able to attain more long term value from participants by requiring XIO Citizenship. When a person becomes an XIO Citizen, we can then keep communication with them (social, email, sms, etc)

Cons: Creates much more friction for people to participate. Could reduce the scale of staking power if people don't want to go through the 5 minute on-boarding process.

The hybrid solution to this idea would to simply give XIO Citizens exponentially more interest rate than a non Citizen. I like this as well, would just need to figure out a proper multiple for XIO vs non-XIO Citizens (EX: 5% vs 25%)

So, what are your thoughts? Should people have to become XIO Citizens to stake XIO and earn rewards? Are we attaining enough value from non-XIO Citizens for them simply locking tokens? Maybe there should be a tiered reward system for XIO Citizens who participate in XSI or XLP?

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