Blitz (@_blitzxbt) header
Blitz (@_blitzxbt) profile picture

web3 Explorer . Interested in Crypto . Long Miles to go before i Sleep

Joined August 2021
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I spent some time reading the @CashmereLabs Mountain docs because I wanted to understand what actually happens after launch. There are quite a few moving parts here. CSM, Barns, Forage, fees and burns all connect. Here's my understanding.
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Mountain burning mechanism. CSM spent on Stall Permits and herding tolls is burned. Half of every Gate cash-out fee is also permanently burned. The other half goes back to participants through the Herd Share. So some activity reduces supply while some fees redistribute value.
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Cash-outs aren't free either. The Gate fee can range from 2% to 60%. Trading also has taxes: after the launch hour, 2% on buys and 3% on sells, plus a 1% pool fee. These are worth understanding before participating.
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Applications for the Barn Sale are now open. 1,000 Founding Barns. Apply on: mountain.cashmere.exchange 1/2
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just minted my glyph card on solana. approved by the reserve 🌊 ask glyph anything: askglyph.chat/?ref=_blitzxbt
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my glyph card. 1,600 $GLYPH pending in the reserve 🌊 ask glyph anything: askglyph.chat/?ref=_blitzxbt
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i talked my way into the reserve. your turn.
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I just joined the PickRush mine on Robinhood Chain. 3,000 free Genesis Shovels for the first miners. Claim yours: pickrush.org/?ref=0x6ea3b7b7
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I was checking out the Jumper Loyalty Pass and wanted to understand what the XP and levels actually mean. From what I understood, it’s basically a way of keeping track of your activity on Jumper and turning that activity into progress.
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If you want to check it out, here’s the Jumper profile: jumper.xyz/profile You can have a look at the XP, levels and available activity yourself instead of taking someone else’s explanation for it.
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so in simple terms, I’d describe the Loyalty Pass as Jumper’s way of making your activity count toward something. You do activities, earn XP, progress through levels and can unlock perks along the way.
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