🤡 Is Worldcoin The Next FTX?

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Gm this is doodhwala, the only crypto newsletter that makes you feel like a million bucks when you’re reading it.

Here’s what we got for you:

• 🫢 Sam’s BIG conspiracy: Will This Cause A Worldcoin Dump?

• 🦍 BAYC Everywhere: Introducing AAAS – Apes As A Service

• 📈 Cheese And Charts: The BOTS are Coming

• 🛠️ Resourcewala: Privacy TRUTH revealed

• 🍼 Doodhshots: a16z’s $10 Million MOVE

📉 Incoming → Worldcoin Dump!

Worldcoin is going to change the world! 🌎

Just…don’t ask us how its prices are controlled tho.

Worldcoin is up to some hella sus stuff, and is grabbing global attention. Both good and bad.👍 👎

Now that people know that Worldcoin prices are fueled by Market Maker Loans – Will there be an incoming dump for the project? 📉

This is no time for Wojack stuff!

1️⃣ WTF is a Market Maker?

To understand this whole 💩-show, let’s begin by understanding WTH Market makers are.

Market makers are essentially liquidity providers for a certain market. 💧

They’re like the Doodhwala of the crypto world. 🐮

We deliver milk when someone needs it, they deliver orders and manage transactions for multiple pairs when someone needs it.

They ain’t as fresh as us tho!😤🥛

2️⃣ Worldcoin is in trouble.

Okay, so now that you have an idea about market makers, let’s get back to our regular chaos.

So Worldcoin is having some hella sus speculations that are floating around—

Now that the project and token are up and running.⏯️

Starting with the project founder Alex Blania, a.k.a, dude who can’t answer a normal question. His podcast along Sam Altman went live on the Bankless podcast this week.

And concern was raised when he couldn’t answer a simple question on how is token would be distributed.🤷

And then he proceeded to divert the answer to US regulations.

Like bruh – even though we buy dog coins because someone tweeted something, we’re not as stupid as you think we are! 🤡

3️⃣ Worldcoin’s Sketchy Tokenomics.

And this leads us deeper down the rabbit hole about Worldcoin’s tokenomics.

You see → They ain’t as transparent as they claim themselves to be. 🔎

Here’s what the official tokenomics announced by the company are👇

👉 A fixed supply of 10 billion WLD tokens for the next 15 years.

👉 An inflation rate of 1.5% can be voted in after 2038.

👉 Opening supply of 143 million tokens for launch.

Okay, so the sus part –

Who the hell is holding these 143 million tokens now? 🤔

43 million was set aside for early users.

The remaining 100 million has been loaned to 5 Market makers.🤯

What makes this worse is that this is a 3-month loan that can be obligated using the WLD token itself. (FTX vibes maxx)

Meaning → If the market makers see no adoption and value in the project in the next 3 months → They can choose to send the token to a nosedive (aka dump it) and then buyback from the open market for a profit. 🤑

When will they have to pay the loan?

When the price of the token stays below $2.80. (Whitepaper verified Doodh fact)

All of this sounds like a weird game of golf that the rich folks are playing using WLD token. 🪙

The sus things don’t end there for now:

Speculations are rising as to why there are huge block orders being placed on the token.👇

We only hope for this 💩 to get answered soon.

Guess only time (or utter chaos) can tell us how all of this would unfold.

Doodhwala’s take: 

Bruh this world coin seems hella sus rn. 🤷

Can’t we just take your eyeball data instead?

We’ll at least know the beauty of our reader’s eyes. 👁️w👁️

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🦍 Big News For Apes!

The jungle is buzzing with some crazy news, ready to leave you all bananas! 🍌

Drumroll, please... 🥁

Say hello to “Made by Apes”! 🙌🏼

An awesome new platform crafted just for you, the brilliant creators of the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) communities. 🦍

Wtf are BAYC and MAYC?

With these NFTs, we've been flexing our creativity in clothes, food, music, and games, both online and in real life.

Now, Made by Apes is the next big thing for us. 🎁

Finally, some utility. So, cheers to that🥛

So, here's what's happening:

• Made by Apes - a special place for Apes to show what they've made.

• A unique license with a number from SaaSy Labs. (That's a digital stamp saying your stuff is real!)

• The Bodega - a showcase of Ape art.

And the coolest part? 🤩

You can use the Made by Apes logo.

Yup, your work can now have this logo, a sign of authenticity, that sets you apart.

Here's how it works:

1. Primary License - Your Ape's ID.

2. Product Licenses - For different Apes doing different things. Each license has three numbers after your Primary License number.

3. Display Made by Apes logo - Just use it as it is, no changes. It's like a badge for your work.

Remember, each Ape you own can get many licenses! 😲

If you've got a project with many Apes, get a main license and add the rest as smaller licenses. And if you don't own all the Apes in the project, you need separate licenses.

Made by Apes is all about – celebrating you, your creativity, and your teamwork.

We really can't wait to see what you do next. 🧠

Doodhwala’s Take:

Let's go bananas, Apes! 🍌🦍

And let’s have some doodh too with ‘em. 🥛

📈 Cheese And Charts: Rise of the Bots

Today's cheese? Telegram Bots! 🤖

These aren't your average "Can I help you?" bots.

These bots have skyrocketed to a combined valuation of a whopping $189.6 million, coming on the 22nd largest category in crypto! 🎊

Here's how the bots rank:

• $UNIBOT - with the majority with a solid 73%. Yum!

• $WAGIEBOT is chipping in 7.2%. Every little bit helps! 😉

• $COLLAB, doing its collaborative thing, contributes 6.2%.

• $LOOT - It’s representing a nifty 5.1% of the bunch.

Impressive? That's an understatement!

For a newbie category, it's like a very big thing. Not anticipated, but WOW!

If these bots were a niche within DeFi applications (which they are) they would be the 22nd largest niche. Bigger than:

• Options

• Staking Pools

• Prediction Markets

So, what’s driving this bot boom? Is it really just nerdy fascination, or is there a genuine utility fueling the fire? 🔥

(REPLY and let us know what you think👇)

🛠 Resourcewala: The Truth of Privacy on the Blockchain

Do you question yourself "Is my data safe on the blockchain?" 🤔

Well, we aren't talking about hiding your embarrassing high-school pics (been there, done that 😓).

We're talking serious stuff - financial transactions, personal information and other crucial data! 😱

Blockchain technology has been hailed as the god of privacy and data protection woes.

But does it really live up to the hype? 🤷‍♀️ Or is it just another case of "all that glitters is not gold"?

In today's resource:

• What is privacy on the blockchain?

• How does it work?

• Public vs Private blockchains: What's the difference?

🍼 Doodhshots: Arkham’s First Target

• 🤨 a16z moves: a16z has sent almost $10 million in MKR tokens to Coinbase, causing the token to have a wave downwards. What da VC doin?

• 🐶 Dogecoin Speculation: Investors are speculating on a huge dogecoin move around the rumor that X (Twitter) will integrate it for payments. Elon Musk, please do it.

• 🎯 Arkham’s Target: Doxxing company has released their first bounty, and has put up a $5000 bounty on Do Kwon’s wallet. No more fake passport stories then?

• 🥷 Another Exploit: zkSync’s largest lending project EraLend has been hit with a $3.4 million exploit. Day or night, the Rek-ing-ness in crypto won’t stop.

• 🎌 Binance’s Sushi: Binance is all set to scale up and enter into the Japanese market with its crypto services. Konnichiwa madafakas!

📍 Web3 Events Nearby

Did someone say free merchandise web3 events?

We’ve got the perfect place for you. 🤩

Check out ➡️ meetupswala.xyz for upcoming Web3 events in your city, whether you're looking for:

• meetups

• hackathons

• conferences

• or just wanna hang

Meetupswala will have something that's right for you.

Here are the top Web 3 events for this week:

1️⃣ AGG Connects

🗓️ This Friday 📍 Bangalore
⭐️ Register here → https://www.meetupswala.xyz/events/989

2️⃣ India Blockchain Tou

🗓️ This Saturday 📍 Kolkata
⭐️ Register here → https://www.meetupswala.xyz/events/962

3️⃣ Buidl a NFT Minter dApp on Shardeum

🗓️ This Saturday 📍 Mumbai
⭐️ Register here → https://www.meetupswala.xyz/events/988

🍑 Kim K Has A BIG Problem

We don’t like Kim.

🇰🇵 No. We’re not talking about Kim Jong Un, the Supreme Leader of North Korea.

🍑 We’re talking about the one who made Kanye famous – Kim Kardashian, the most powerful K I M in the world.

She’s got over 340 million followers across her social media platforms and a few years ago she promoted a crypto scam to them. 😳

What’s worse?

She got fined for it. But that’s not before many investors put their money into a fake Ethereum coin because of her. Check it out 👇

🤣 Milky Meme Of The Day

If you want more doodh then, be sure to follow our Twitter, LinkedIn, and Instagram.

That’s all for today folks! See ya tomorrow!

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer. None of what you read here is financial advice. We aren’t here to get you to buy or sell crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.

Today’s edition was brought to you by Ritik Gupta and Sumanth

Edited by: Arvind Krishna and Aakash Athawasya