- Doodhwala
- Posts
- ๐ The $48 million per year crypto business
๐ The $48 million per year crypto business
PLUS: How much will 1 ARB be? โก๏ธ
Namaskara, this is the doodhwala, the ONLY crypto newsletter that bets $1 MILLION on YOU! โค๏ธ
YOU > BTC. ALL day. EVERY day. ๐ฅ
Hereโs the breakdown for today:
๐ How much will $ARB be?
๐ฐ Crypto Rehab As A Service
๐ Final word: Optimism vs Arbitrum
๐ We teach you how to DISCORD
๐ผ THE Best-Performing Asset!
Bitcoin is ๐ since Balajiโs BET. LFG ๐ฅ
๐ How much will $ARB be?
Everyone loves to predict the price of a crypto. ๐คฉ
From Youtube influencers with cringe thumbnail pictures to smart AF CTOs like Balaji Srinivasan.
Today, weโre doing the same thing as โ๏ธ.
Weโre tryna guess the price of โ $ARB, the native token of Arbitrum, a layer-2 scaling solution for the Ethereum blockchain.
Last week:
๐ช Arbitrum announced its airdrop
๐ฐ Allocating 1.2 billion tokens
๐๏ธ And the drop is on March 23
๐ฅ LFG
So, how much will it be worth?
We looked through a buncha reports [tweets + reels] and $ARB will likely be priced between:
$0.6 to $1.4 per token.
But how tf does โ๏ธ this range make sense?! And how do the price of these tokens work?!
Letโs find out using 3 kinds of analysis:
1๏ธโฃ Competitor analysis
2๏ธโฃ Value analysis
3๏ธโฃ Trading analysis
Competitor โ ๐ด Vs Optimism
Arbitrum is NOT the first layer 2 rollup to announce an airdrop.
P A U S E.
Whatโs a layer 2 rollup?
A layer 2 rollup is a blockchain built on top of an existing layer 1 blockchain to increase transaction speed + decrease transaction cost. It does this by rolling up the transactions into bundles.
In June 2022, Optimism (the other layer-2) announced its airdrop.
Here are its stats rn for Optimsim:
๐ฐ Price โ $2.5
๐ฆ Market cap โ $800 million
๐ Circulating supply โ 314 million (supply of tokens in the market rn)
๐ Total supply โ 4.2 billion (supply of tokens in the market eventually)
โ๏ธ % of supply in the market โ 7.3%
Here are its stats rn for Arbitrum:
๐ฐ Price โ ???
๐ฆ Market cap โ ???
๐ Circulating supply โ 1.2 billion (supply of tokens in the market rn)
๐ Total supply โ 10 billion (supply of tokens in the market eventually)
โ๏ธ % of supply in the market โ 12.7%
Optimsimโs market cap is currently $800 million. If Arbitrum has the same market cap when it hits the market, with 1.2 billion tokens, each $ARB will be $0.62.
But will Arbitrum = Optimism.
Hell nahhh!
Sidenote: If you wanna know about the token distribution diff between Optimsims and Arbitrum, check out Chaach and Charts. ๐
Value โ๐ Vs TVL
Arbitrum โ Optimsim
Both Arbitrum and Optimism have 1 function โ Process transactions for the protocols building on the blockchains.
These protocols take in crypto as funds from users.
For financial stuff like:
lending and borrowing for loans
staking and liquidity pools
deposits to earn interest
drinking doodh
You know, the usual ๐๐ผโโ๏ธ
All of this โ๏ธ is calcuated under โ TVL.
P A U S E
Tf is TVL?
TVL is the the total value of all assets within DeFi protocols on blockchains. TVL includes the value of the native token + stablecoins + other cryptos deposited.
Think of TVL as the Assets Under Management (AuM) of a crypto protocol.
TVL right now:
๐ฅ Arbitrum: $1.8 billion
๐ฅ Optimsim: $0.97 billion
๐ Ethereum: $29 billion
So โ Arbitrum has almost twice the TVL of Optimism.
So โ Based on TVL ARB can be 2x of op.
Arbitrum has 2x the TVL of Optimism. So it could be 2x of $0.62 which is $1.24.
Trading โ ๐คฆโโ๏ธ By Leverage
Since Arbitrum announced its token airdrop a bunch of exchanges launched IOU contracts for $ARB.
I O U โ I Owe You ๐คฃ
On exchanges like Hotbit ARB is trading for:
$9.7 per coin.
with 2 million in trading volume
implying a $12.3 billion market cap
๐
But these are just random traders + making random trades + at random prices.
Theyโre treating $ARB as a shitcoin and:
pumping it up
eventually dumping it down
Doodhwalaโs take:
After spending hours and hours looking at these reports hereโs what we think of ARBโs price โ Jk, we donโt talk about whether the price is good or not at the doodhwala, only if it's milky. ๐คฃ
So, just go enjoy free airdrop money you filthy animals.
And stop worrying about the price. ๐คทโโ๏ธ
๐ฅ Together with Web3 Init: What comes first in Web3?
Security is a pretty PRETTAAAY big deal in web3.
I mean, you donโt want your private keys to be exposedโฆor worse your browser history. ๐
โhow to make milk from oatsโ
โwhy donโt vegans drink milkโ
โbest date places for doodh lovers.โ
Wait how did my browser history โ๏ธ get out? ๐ญ
Thatโs why we need Web3 projects that focus on security. And we know just where to look for these kinda apps.
At the Web3 Init Hackathon.
After all, this hackathon is organised by UNSNARL + ClueLess!
๐ ๏ธ UNSNARL โ A web3 security startup backed by Polygon and ETH India.
๐ฅ ClueLess โ A student-driven dev community focusing on open-source tech.
๐ฐ Prize pool: $6000+
๐ค Mentorship from experts
๐๏ธ Registration closes March 25
Register here.
๐ฐ Crypto Rehab As A Service
Guys, this is SERIOUS advice โ
Next time you have a drunk business ideaโฆWRITE IT DOWN! ๐
Better yet, do it The Hangover style โ get it tattooed.
Believe me, you donโt want to miss out like we just did. ๐ฅฒ
What happened? ๐คจ
A couple of months back, the doodhwala bois, while being a little too drunk on doodh came up with a business idea in between the burps.
The idea ๐
โค๏ธ Therapy for crypto bros and addicts. โค๏ธ
But we brushed it aside thinking who tf is even addicted to crypto [in a bad way]?!?
And now we find out that a lot of RICH crypto bros, unfortunately, are.
And there are crypto rehab centres where people pay $320k for a 4-week stay.
And and ~150 people go here every year!
These centres make $48 MILLION per year. ๐คฏ
So letโs take a look at a few of these rehab centres.
Weโll do it location wise.
๐ฌ๐ง UK and Spain ๐ช๐ธ
The two countries with POLAR opposite food tastes despite only being 2 hours apart by air.
๐ Name: The Balance, a luxury crypto rehab centre
๐ฐ Cost: $192k โ 320k for 4 weeks
๐ Amenities:
Private chefs ๐
Private nutritionists ๐ฅฒ
Private beachside villas ๐ญ
๐ผ The View:
๐น๐ญ Phuket, Thailand
The country that surprises and confuses you at the same time. YOU know what we mean.
๐ Name: The Diamond (what are these names?!?!)
๐ฐ Cost: $25,000 for 28 days
๐ Amenities:
Private golf course ๐
Boat trips and sports ๐ฅฒ
Private mountaintop villas ๐ญ
๐ผ The View:
๐จ๐ญ Switzerland
The country where the national pastime is staying neutral.
๐ Name: Paracelsus Recovery (the first name that doesnโt sound like a resort)
๐ฐ Cost: $400k for 4 weeks
๐ Amenities:
VR gaming consoles ๐
Private chef and maid ๐ฅฒ
Private lakefront properties ๐ข
Dedicated Bentley Limousines ๐ญ
๐ผ The View:
All of these places look so damn good that itโs making me jealous. ๐ญ
Itโs understandable. Crypto can be addictive.
What with all the โ
dopamine hits in the bull run
HUGE losses during the bear market
crazy, obnoxious, blood-curdling images of mutant apes, dogs and dick-butts
Oneโs mental state can explode like a Lakshmi Bomb on Diwali. ๐ฅ
But these prices are just TOO DAMN CRAZY! ๐คฏ
It almost feels like they are taking advantage of the fact that some crypto bros are RICH af and also in a vulnerable mental state. Hmmm, I wonderโฆ๐ค
Then again, if you are really rich, you would want this place.
And not some $500-weekend โrehabโ centre thatโs a school on the weekdays. ๐คทโโ๏ธ
What do yโall think?
๐ Chaach and Charts: ๐ด Optimism vs Arbitrum ๐ต
Rivalries are great. It always brings the best out of each individual.
Think about the greatest rivalries of all time:
Cristiano Ronaldo vs Lionel Messi โฝ๏ธ
India vs Pakistan ๐
Doodh vs Paani ๐ฅ (who even drinks paani. ew)
And when it comes to Ethereum Layer 2sโฆ
โฆitโs mainly ๐ด Optimism vs Arbitrum ๐ต
Both launched at around the same time. But:
๐ Optimism dropped its native $OP token in โ June 2022.
๐ Arbitrum is dropping its native $ARB token on โ March 2023.
But letโs look at their token distribution ๐
Token Airdrop: ๐ต 12% ๐ด 19%
Core Team: ๐ต 27% ๐ด 19%
Investors: ๐ต 17% ๐ด 17%
DAO: ๐ต 43% ๐ด 19%
While one allocated a significantly higher token % for its community through DAOs, the other has allocated it through RPGF (Retroactively Public Goods funding) and DAO treasury.
Both support community initiatives but which one do you think is better?
(REPLY and let us know ๐)
๐ Resourcewala: We teach you how to DISCORD
Every industry has itโs preferred social media platform.
For big companies โ Itโs Microsoft Teams ๐คข
For tech startups โ Itโs Slack ๐
For crypto โ Itโs Discord ๐คฉ
Discord is the place where most crypto + NFT projects = community + build their communities and even hire people.
Even your doodhwala uses Discord. ๐ค
But Discord is filled with:
scammers getting in your DMs
sooo mannny groups + servers
complicated stuff like Nitros
So, letโs simplify this for you in todayโs Resourcewala from our man Zeneca.
๐ผ Doodhshots: The Best-Performing Asset
๐ฅ Locked and Loaded: Arbitrum's ARB governance token is coming to Binance and Bitmex with major trading pairs and up to 20x leverage trading as soon as it launches on March 23.
๐ Get in Line! 80 foreign and Mainland China companies have expressed their interest in establishing a Web3 company in Hong Kong, as crypto regulation is set to kick in from June.
๐ Taking Over: Tron has emerged as the second largest DeFi chain in terms of TVL, as Binance Smart Chain drops to a 24-month low. Ethereum is still the top dawg.
๐ถ SHIB Moves: $270 million worth of SHIB moved from a major exchange to now the fourth largest Shiba Inu holder. What's the big deal? Or THIS IS A BIG DEAL!?
๐ Best Of All Time! Bitcoin has gained as much as 51% in year-to-date absolute returns, making it the Best-Performing Asset Year-to-Date according to Goldman Sachs. Surprise. Surprise
๐คฃ Milky Meme Of The Day
Balaji is going through his main character phase and we're here for it
โ Doodhwala ๐ฎ๐ณ (@DoodhwalaDaily)
3:35 PM โข Mar 20, 2023
How are you liking the doodhwala |
Thatโs all for today bhaiyo aur bheno! Naale Sigona! Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna
Yo! Our legal and financial advisors (aka our good olโ conscience) have asked us to add this boring disclaimer.None of what you read here is financial advice. We arenโt here to get you to buy or sell a crypto. Weโre only here to tell you whatโs up in crypto today and make you laugh. So, if you screwed up on a trade, thatโs on you G. Stay safe in the markets.