💰 The Most Awaited Crypto Airdrop

Gm, this is the doodhwala, the Friday of newsletters. When we roll out – ya’ll are relieved AF. 👌

TGID – Thank God It’s The Doodhwala right?

Here’s what we got for you:

• 💰 The Most Awaited Crypto Airdrop

• 🙌 FINALLY: Influencers get sued!

• 🦵 BTC? Get tf outta here.

• 🦄 Uniswap adds a CHAIN!

• 🤣 Milky Meme Of The Day

FINALLLYYY!

💰 The Most Awaited Crypto Airdrop

If you have ever been on Crypto Twitter then…

…you would have DEFINITELY seen a random account tag you in a tweet like this 👇

And every time, you go and check Arbitrum’s real Twitter account to see if it's actually true and be disappointed. 😭

But if you checked it yesterday, you would have seen this 👇

YUP! IT’S OFFICIAL! 🔥

Arbitrum, the Ethereum Layer-2 chain, is finally launching its token, $ARB, and doing an airdrop for the early adopters.

We know all of you might have A LOT of Qs but don’t worry!

The doodhwala bois are here to give you the As. 😉

1️⃣ WHAT

Arbitrum is dropping its own native token almost 2 years after its launch in 2021.

Unlike what most y’all think, it's not just being dropped for you to dump it and make money. 🥲

The primary use of the token is for Arbitrum DAO participation.

But what can the DAO actually do? 👇

💰 Governance: The DAO will govern the ENTIRE Arbitrum ecosystem and take vital decisions.

🔒 Security Council: It will also create a security council to make required changes during an emergency

💽 Arbitrum IP: The DAO will handle decisions regarding the rights to Arbitrum IP, which is when other L2s are built using Arbitrum’s tech.

2️⃣ HOW

💰 Total Supply of $ARB → 10 BILLION TOKENS.

How will these tokens actually be distributed?

• ~43% → Will go straight to the DAO (gooood!)

• ~27% → For the team (okayish)

• ~18% → Investors (ummm)

• ~12% → AIRDROP (to you, me and Marley)

3️⃣ WHO

Admit it.

This is the part you TRULY care about. 🤷‍♂️

Am I eligible for the airdrop?

You are eligible for the airdrop based on the following criteria:

✅ Bridged to Arbitrum

→ You moved funds from Ethereum, Polygon or wherever to Arbitrum.

✅ Transacted on Arbitrum

→ You’ve transacted on Arbitrum for 2, 6, or 9 distinct months.

→ You’ve transacted multiple times or interacted with a bunch of dapps (or smart contracts)

→ You’ve transacted a total volume of $10k, $20k, $30k, or more! (yeah, we out 🥲)

✅ Liquidity on Arbitrum

→ You have provided liquidity on Arbitrum by depositing a bunch of 💰💰💰 ( we out, again)

Yup. This airdrop business ain’t easy.

You gotta work to earn. 😭

According to Nansen, over 650k wallet addresses are eligible! 🤯

And only 28% of them bridged to Arbitrum before February 6th, 2023. (oof!)

Majority of the transaction activity has only happened in the past 40 days. (airdrop hunters, eh?)

4️⃣ WHEN

The airdrop is set to go live on 🗓 March 23 🗓

Hopefully, there aren’t any delays like when it happened with the $BLUR airdrop.

We can’t bear more of these scam accounts tagging us for longer. 😭

This token launch is going to be a GAME-CHANGER for the whole Arbitrum ecosystem. 🔥

Why? 🤔

‘Cuz Arbitrum’s DeFi ecosystem is already buzzing like CRAZY!

With $1.6 BILLION in total ecosystem assets, Arbitrum’s DeFi is:

🥇 #1 among the L2s

🏆 #4 among all other networks

You know GMX and Gains?

The two perpetual protocols that have been on a mission to the moon in the past few months? 🔥

They are mainly on the Arbitrum chain. 😎

So many projects like these will now receive an influx of liquidity due to the airdrop. 📈

And the overall ecosystem is only going to go 🚀🚀🚀.

The countdown to one of the most anticipated airdrops in CRYPTO history begins now! ⏳

🏏 Fantazy: Web2 Gaming Gets “smart”

Games are boring.

Like seriously Crushing Candies? Cutting fruits? Collecting jewels?

🥱

Who are we? Auto-drivers at a traffic stop waiting for the signal to turn green? 🟢

✋

That’s why, we’re playing fun games on the blockchain. Games like Fantazy, a fantasy sports game that rewards users in $MATIC.

Nope, Fantazy is not a game where I drink a LITRE of 🍊 Fanta + go crazy 🤪

Fantazy is putting the FAN and the EASY in Fantasy. 😉

The cool thing about Fantazy is that it’s built on the blockchain. So, every run, every win and every reward works on a smart contract.

Fantazy is:

• Fair and transparent

• Quick web3 wallet creation

• With no Token requirement

Fantazy is giving away 1 MATIC to new users when they sign up. Use this to play 2 free games.

🙌 FINALLY: Influencers get sued!

🥛 I asked my 10-year old cousin, “What do you wanna be when you grow up?”

👧 She said, “An influencer.”

🥛 I asked, “What do you think an influencer does?”

👧 She said, “They travel to places, take pictures, and talk about it.”

🥛 I said, “Sure, some influencers do that. But other influencers promote a Ponzi scheme run by a crypto exchange that promises to pay investors a guaranteed yield but takes their money, wires it into their trading company, and YOLOs it all away in 💩 coins. And then they go bankrupt, and ruin everyone’s lives”

👧 She said, “What is a 💩 coin?”

Uhhh, what can I say? 🫠

But seriously, that’s ☝️ what influencers did when they were promoting FTX.

And that’s why they’re getting their butts sued for – $1 BILLION 🤯

Yup, a buncha influencers who promoted FTX are being sued by people who took their “advice” and put their money into FTX.

The influencers are:

(Youtube subscribers 👇)

🤳 BitBoy – 1.4 million subscribers

🤳 Tom Nash – 4.2 million subscribers

🤳 Brian Jung – 4.2 million subscribers

🤳 Meet Kevin – 1.8 million subscribers

🤳 Andrei Jikh — 2.2 million subscribers

🤳 Erika Kullberg – 4.2 million subscribers

🤳 Minority Mindset – 1.6 million subscribers

🤳 Graham Stephan – 4.2 million subscribers

🤳 Financial Education – 4.2 million subscribers

Guaranteed you’ve seen at least 1 of these influencers’ videos. 👌

I’ll admit, I’ve been a victim of doom scrolling Erika’s money hack shorts. 😭

Why are they being sued?

These influencers are being sued because they promoted the worst three letters – F T X – in the English language since – H I V. 🥲

But wait! ✋

I mean, wasn’t everyone from movie stars like — Larry David – to athletes like – Steph Curry – promoting FTX?

Yup!

Then why are influencers being sued?!

• Celebs promoted the exchange.

• Influencers promoted the exchange + its yield bearing accounts.

Tf are yield-bearing accounts?

They’re kinda like those lending products from – Celsius, BlockFI, and Vauld.

But the FTX influencers promoted these as – “passive income streams” and said stuff like ‘guaranteed returns’ and ‘free money.’

Crypto already has free money bruh, they’re called airdrops. 🪂

Since FTX went down faster than the Titanic 🛳️ the influencers removed all mention of the words:

• FTX

• FTT

• SBF

• Alameda Research

They claimed that they never promoted FTX 🤣

They claimed that they were the ones that brought down FTX + SBF. 🤣 🤣

They even flew over to The Bahamas and live-streamed OUTSIDE SBF’s office. 🤣 🤣 🤣

Doodhwala’s take:

Influencers are like Vegetarian Biryani. You can’t trust them. So, it’s better to stay away from them. 🤢

If they promote a company – chances are they’re paid to do so – and chances are they’re disclosing it in the smallest possible way.

So don’t ape into things because anyone (including the doodhwala) tells you to. ✊

Always DYOD – Drink Your Own Milk 🥛 and DYOR – Do Your Own Research.

I’ve gotta convince my cousin’s mom to force her to become an engineer. None of this influencer 💩.

📈 Chaach and Charts: BTC? Get tf outta here.

A lot has changed since Covid.

• nobody goes to offices anymore

• nobody watches a movie in theatres

• nobody stores their Bitcoin on exchanges

That’s right! Since March 2020 (when a weird disease started infecting everyone in the world) Bitcoin held on crypto exchanges has gone 📉

🗓️ March 2020: 3.2 million BTC on exchanges

🗓️ March 2021: 2.7 million BTC on exchanges

🗓️ March 2023: 2.2 million BTC on exchanges

That’s 1 million in BTC worth $25 BILLION 🤯 gone from exchanges.

And it’s not because BTC was quarantining 😷 lol

It’s because of:

1️⃣ Self custody

People wanna hold BTC on their private wallets and not on some exchange wallet that SBF can use to fund Alameda 🤣

2️⃣ Bitcoin used

People wanna use Bitcoin to pay for things and send it to people where the financial system is screwed up. Like Venezuela or Russia where international banking just stopped.

3️⃣ Store of value

People wanna store their value in an asset that retains value and not loses value when central banks decide to start printing money.

Chegg that drop 👇

🛠️ Resourcewala: Smooth Operator

Crypto is like being in a rodeo, but instead of bulls, you're dealing with cryptocurrencies. 🤠

If you're feeling a little overwhelmed, don't worry, we've got you covered. 🤝

Our resource today will help you understand everything you need to know about running crypto operations, and we'll even throw in a few jokes to keep it interesting. 😉

Here's what we'll cover:

• What are crypto operations and why are they important?

• How to set up a crypto operation from scratch

• Tips to manage risk and security

• Dealing with market volatility aka Why it's NOT the time to panic-sell your taaza doodh futures 🐮

So, grab your lasso, and let's ride into the world of crypto operations! 🤑

🥛 Doodhshots: Uniswap adds a CHAIN!

• 🛒 SotheBuy’s Begin: Sotheby’s, the renowned auction house, is set to auction off a collection of NFTs inspired by popular Reddit communities in the Metaverse

• 👩🏻‍💻 Pool Evaporated: Poolz Finance's token vesting protocols on the Binance Smart Chain and Polygon chains were attacked by hackers stealing close to $390k.

• 🇨🇭 Sus Credit: Switzerland is willing to bail out Credit Suisse, one of the country's largest banks, if necessary, to stabilize the financial system and avoid systemic risk

• 🚓 Proof of Security: Tokens using staking protocols may be considered securities under U.S. law, according to SEC Chair Gary Gensler.

• 💱 Smart-Swap: Uniswap launches on Binance Smart Chain (BSC), and expands its decentralized exchange to the Binance ecosystem.

🤣 Milky Meme Of The Day

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

That’s 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 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 a 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.