Jungle D1 Space Launch on Blast. Also Quick Free Note on B-squared

Level 1 - NGMI

Welcome Avatar! On Tuesday at approximately 9pm EST we will launch the Jungle D1 Space. This is going to be run by the DeFi Ed team, primarily BowTiedBrain who will be organizing it and running the show.

The agreement is pretty simple: 100% of all rewards get distributed to people in the chat.

We’re launching it at about 9pm to line up with the 12 hour sprint. This means in order to open up the chat it needs to rank as the top 5 over a 12 hour period.

As you can see, the max purchase is going to be 2 shares. If no one buys shares then it never opens but we doubt that’s the case since a large number of you already made several thousand US Tokens by being early last Epoch.

Equal Opportunity, Unequal Results

There is no way to integrate Substack with D1 or Blast. There is no way to create any sort of ring fencing. This is a good thing since it makes the entire process a pure free-for-all. The only thing we’d recommend is a fast internet connection and use of google chrome since we’ve heard that gets the best connection/results.

• There will be no unfair advantages and it is quite literally not possible. The space will launch at around 9pmEST on Tuesday and anyone can buy the 2 shares

• Assuming it makes the top 5 in Sprint (which it should), the space opens and it’s back to a free-for-all in terms of buying shares, claiming and Rallies

• There will be no unfair dealings and if bots are found (always the case) BowTiedBrain will be sure to ban/nuke them

As a point of emphasis, there is no way to ring-fence this. There is no Blast/D1/Substack integration. D1 doesn’t even have emails to load. There is no chance to change an entire platform in 24 hours.

You do not have to participate if you do not want to. It is a way for people on Blast to acquire more gold. If the space is highly ranked/rated it’ll get a much larger allocation of Gold which will be distributed to users/shareholders of the space. As pure speculation, the minimum cost to participate is probably $20 and after that it’ll depend on share price of the space. It makes logical sense to give more rewards to shareholders since they have actual money at risk. If you’re just looking to burn some time and have fun, then you can collect gems.

On that note, will hand it over to BowTiedBrain to go over the step-by-step.

Step By Step on Launch

Never started a D1 space but it looks to be pretty simple. When it is launched at approximately 9pm EST on Tuesday, a Tweet will also go out to make sure the links are all going to the right space.

It will look something like this

As an estimate, if we want to be sure the space gets opened, the share price needs to register around $100/share. I’m optimistic and generally bullish since a lot of you already made quite a lot from the Pacmoon chat way back when it was trading at ~8,000 OLE - now ~24,000 OLE - a rough triple!!!

Not concerned about this chat getting opened but in case there is any doubt, the money is made by being first to buy shares since you’re getting the lowest cost. On top of that, D1 is linking share price to gold allocation.

TL;DR share price higher, gold is higher. Paper hands need not apply!!!

Step 1 - Sign Up: The majority of you are already on the D1 spaces. See a lot of people with BowTiedAccounts or mentioning DeFi Ed in the chatrooms. In case you’re new, here is the link (source)

Step 2 - Buy Shares of Space: If you want to help open the space, you’re going to need ETH/OLE to purchase pre-market shares of the D1 space. Currently you can get OLE on BlasterSwap (source) or on Thruster (source). Everyone here knows how to click two buttons on a Dex!!!

Step 3 - Main Topic of Chat: After the space is open, D1 rewards the most active chats. As a way to make this useful, and not a time suck, the focus is going to be on Blast gold farming. That’s a topic that everyone can discuss because everyone is already on Blast and the project is going to continue for the next month or so.

• Be as active as possible since all interactions are counted

• Interactions include: likes, comments and votes in Prime (source)

• If there are no interactions - talking, likes, votes - the chat will not get gems or gold to distribute to users and shareholders

• Any and all comments count, including things like “waka waka” which you see on the Pacmoon chat. This is a pretty easy solve, as we can have a specific time frame dedicated to alpha sharing while the rest is largely just messing around.

• The group chat will decide what time is dedicated to alpha sharing

Step 4 - Get OLE: If you’re going to participate on D1, you have no chance of acquiring a meaningful amount of gems without sOLE. This is practically a requirement. sOLE is only a few dollars and it allows you to get 3x rewards on all rallies. This is a massive difference in gem collection numbers and you are free to confirm with anyone on the platform.

Step 5 - Play the Game: My general strategy has been to find new chats and buy the shares early. You end up getting a lot of price appreciation and after it goes up significantly you can hold a few forever. The D1 team has already talked about incentivizing shareholders, I expect shareholders to get a lot more Gold vs. the people just clicking the free gem claims. Not surprising that the platform wants to reward people risking money vs. people sitting around hoping for handouts.

Too Late? Don’t really think so. A commenter mentioned that the majority of gold is still pending. Also. The cost of participating is meaningless. The majority of people i’ve seen in the chats have already made a few hundred to a few thousands dollars in addition to the gold they will get from this epoch. Will it make you rich? Nah. That’s just not realistic. This is a way to try and get everyone additional gold with a near nothing risk level.

Gold Explained by Commenter on Sunday

While we’re not going to sign off on the math, the direction is correct. If the gold is only worth 35K points, there has to be a lot more gold coming with 24x multipliers in the pipeline.

Quick Note on B-squared

We’re going to leave the full analysis for Wednesday and likely Sunday. Right now there is not enough information to determine what to do beyond arbing the spreads when they are not following the 10x increases (CPU → GPU → ASIC). Similar to clicking refresh on a bridge looking for arbitrage opportunities, this is similar.

Also. If you remember the Manta airdrop, the prices of the NFTs went from severely undervalued to severely overvalued over the course of a month or so. When enough information presents itself, we’ll provide an update (once again likely Wednesday).

BlockHeadz for Big Players: If your plan is to try to farm the token and you have a lot of GPUs/ASICs, you should look into picking up a BlockHeadz NFT. It will allow a 5% boost to your *total* hash rate. Again. The 5% boost is on your *total* which means a substantial increase if you have a lot of rigs.

Conversely… If you own the BlockHeadz NFT but don’t have a lot of mining rigs, you should look into selling it and buying an ASIC. You can get a higher hash rate and book some small profits. There is no reason to have more than one NFT per wallet because the 300 hash increase is not worth the cost at 0.023 for an NFT (300 hash). You’re better off buying an ASIC at 0.02 (1,000 hash).

In short, if you have a lot of rigs, do the calculation at 5% to see if it is worth it. If you own the NFT but don’t have any significant rigs, look to sell it at 0.023.

Don’t Panic, Claim and Wait: This is day one. This means there is no reason to get excited in either direction. People are overpaying on Gas since they are not following directions and the assets haven’t been claimed to the network yet. This means there is limited liquidity on the L2. We’ll have to wait and see how it shakes out.

In the mean time, if you see the prices get out of whack (has happened multiple times over the past 24 hour or so), take the time to arb out the hash rate spread.

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Disclaimer: None of this is to be deemed legal or financial advice of any kind. These are *opinions* written by an anonymous group of Ex-Wall Street Tech Bankers and software engineers who moved into affiliate marketing and e-commerce.

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