ARB vs TAO vs FIL vs AERO: Which Token Wins? | Daily Crypto IQ

The problem, crypto comparisons often rank popularity, transactions, or locked capital while skipping who's earning the the economical benefit, right? We're so big on trying to really point that out. Token value capture, we love to say. What changed this week is we examined four distinct mechanisms instead of assuming that every token works like a share of a company. Who benefits? Well, users, validators, storage providers, liquidity providers, DAO treasuries, and token holders can all be different groups. What we look to resolve is that after following the value to its actual recipient, which token has the strongest current case and what would validate it? Signal versus noise. One of my absolute favorite things that we go over. It's kind of new to the the stream via the token autopsy. We didn't do this section before. Smash that like button for me if

you will. Make sure you're subscribed. There is a pinned link to our Discord down in the chat. It's free for now. So Federal Reserve stable coin proposal is signal meaning it's important with rule still pending. So on September 2024th the Fed requested commitment on two proposals for issuers under its supervision. They address permissible reserve capital and risk standards, custody of backing assets, and a bank application process. This matters to payment infrastructure and stable coin issuers. It is a proposal, not a final rule or immediate benefit of any kind of tonight's four tokens. So, watch the next and final issuer response. Number two, the SEC Security Exchange Commission staff crypto FAQ. Useful clarification, not a blanket exemption by any means. The September 25 FAQ discusses such issues as staking recipient tokens and how statements about future efforts can matter. The

document expressively says that it represents staff views, has no legal force, and does not create any new obligations. The signal is greater detail about how the staff are thinking. The noise would be the headline claiming all staking tokens have [music] been definitively cleared. That's not actually true. Watch project specific facts and any later commission action. So the investigation night, four ways a token can matter. Arbitum, the network, and the token. Arbitum one uses ETH for gas. So the ARB token doesn't necessarily cover that utility, right? It's Ethereum. The ARB token gives holders governance powers over the Dow and its resources, but the network use does not automatically pay an arbitum coin holder. The project has substantial activity and DAO income. The open question is whether governance over that income can create sufficiently strong durable token case. So as we

follow the economic flow of money, we watch it go be created value money right through fees and things like that in the ecosystem of arbitum. But there's a middleman in the way of the token and that is the DAO. Now the token gives voting power over the DAO but the DAO still has to approve whatever value is to be transferred to the token and the token holder. So there is a bit of a system there and uh cog in the wheel if you will before the money flows in to arbit and there's no guarantee that it will on the other hand the token of bit tensor participation in an AI network that's what bit tensor is tao is part of bittensor staking and subnet incentive mechanism that is more direct network role than a token existing only for a

narrative ative. The difficult test here is whether the the work reward within the subnets develops into useful services that outside of repeated pay that outsiders right outside of Bit Tens or repeatedly pay for aka real customers rather than an ecosystem sustained mainly by emissions and that is new tokens being created and used as a reward for those participating but that is being basically subsidized right bitensor's dynamic tow documentation describes subnet specific token staking and allocations of emission. File token on the other hand a working storage mechanism file coin is required for providers collateral in network transaction that's a plus or bullish and storage providers can receive payments and protocol rewards. The distinction tonight is between capacity offered and subsidy and durable customer demand for storage at commercial terms. Meaning just like we looked at Bit Tensor, new emitted coins

or newly minted or newly created coins within the ecosystem are being used to give as rewards of value to the people who are providing the ability for storage in the first place in Filecoins ecosystem or files, right? Ecosystem. And so that basically is subsidy. The mechanism is real and the size and quality of outside demand remains the decisive economic test. Aerodrome, the fourth project in this week's token autopsies, is the querest current fee connection. Right. Aer Drrome's existing system routes swap fee value to participating VE Aerod Drrome voters aka when you provide Aerod Drrome you get this VE arrow which is like a governance token and represents your stake in what you've put into the pools and that is a stronger observable path than hoping a DAO will someday choose a reward choose to reward the token basically calling

out arbitro yet emissions incentive cost and whether activity persists without them still matters. Separately, arrow light is live on ARC uh mainet blockchain while the complete arrow feature set and economic system are described by the project as future upgrades. So although Aerolite is somewhat live on ArcNet, Arc's mainet, Arc blockchain, that doesn't mean that all of the economic functions that are meant to be there for Arkite, bringing power or bringing uh value, I want to say volume, bringing value to Aerodrome's ecosystem is not fully connected yet. So you'd have to wait for that to really come into play before you actually count on it. So do not score that future system as though it is already operating fully. And you may not know this. The discovery inside this investigation token value capture need not mean a direct cash payment

to everyone holding a liquid token. A holder may need to lock, stake, or provide a service or vote to participate. That makes the conditions and the cost of participation and the source of rewards essential. A reward funded by newly issued tokens is economically different from one funded by customers paying fees. So we got a little bit of a layout here, right? So arbitum is a layer two DAO income. The token connection is governance and what reaches the question that remains, right? Is what reaches arbitrum holders and by what enforcability or consistency? If you're just rolling in, smash that like button for me. Tow on the other hand is subn network and staking the token itself. Network participation and incentives is what you get from the token. But what what really remains here is how much demand comes from paying

customers outside of a mission. And file the token storage and retrieval infrastructure. The token will get you collateral, gas, deals, and rewards. That's its utility. And how much demand is commercially sustained? That question still remains. Aerodyome trading and liquidity. Its token is fee routing and participating in V aero voters. And the question that remains here is do fees justify ongoing uh incentives and emissions? So, they all kind of have the same idea. And that idea would be if we're using emissions, newly minted coins to pay for rewards. Well, what happens when there's we start reaching towards our max supplies on things, [music] right? There is somewhat of a deadline, if you will, [music] where there needs to be outside customers to come in and use the product to sustain the rewards for those who are a part of the

process. It's like for filecoin if you are helping with there be storage capacity. If you're you know tao then that would be the [music] subnetss having useful products that people would want to use outside of just gaining rewards. Basically it's a common thing with cryptocurrencies and projects is that once the rewards dwindle have they created a useful enough product that people are still going to come and use it and even pay a little bit for it. That's the only way it lives on truly. Arbitum in our token autopsy report got a 69 out of 100 and landed a watch verdict. And you can see real utility. It got a 18 out of 20. A widely used L2. Token value capture only got a 10 out of 20 though as ARB governance Dow resources. But arbitrum one gas is paid

in Ethereum. So, usually that utility would go to a token like Arbitum, but because it's a layer 2 on Ethereum. The gas is actually paid in Ethereum and Dowo income does not automatically flow to each arbitum holder, that's a big problem. And that's why I basically only got a 50% score there. Tokconomics and supply, eight out of 15. Most supply is unlocked or in the Dow holding, but remaining vesting and treasury decisions still affect the token's case. competitive mode, ability to win out against its competitors actually got a 12 out of 15 which is a good score through its technology, its integrations and economic distribution. Those are strengths. Other L2 remain credible substitutions. Security and decentralization a 7 out of 10. Catalyst in execution a 9 out of 10 which is a great score. The team has shipped and

expanded the ecosystem. We have risks and unanswered questions. A five out of 10 which a lot of projects receive. The largest open issue is whether a successful arbitrum ecosystem produces durable value for the actual ARB token. Again landing at a 69 out of 100 in a watch verdict. And our token autopsy it is specifically hard on purpose on the token. To get a passing you need above 80%. And so far out of I think 13 14 tokens that we've done so far only a has landed a passing verdict which should tell you something about a so far it is our winner. So let's talk about Tao. Tao scored slightly higher than Arbitum out of 72 out of 100 and got a watch verdict. Real utility and adoption 15 out of 20. Obviously we're talking about Bit Tensor here. Subnets

and participants are active but the quality of useful output varies across them. Token value capture a 15 out of 20. Tao has a structural role and staking and network incentives. The unresolved issue is the demand beyond the incentive loop. Sometimes it seems like the value just kind of flows around in a loop and we're not getting enough outside value to come in. Tokconomics and supply 12 out of 15 for Bit Tensor this or for the TAL token really. The supply structure is comparatively disciplined although subnet level incentive still needs economic scrutiny. Absolutely. Melissa says don't forget to hit that like button. I would greatly appreciate it. Of course competitive mode. Bit Tensor's ability to win out against its competitors got a 12 out of 15. An established subnet and contributor network is difficult to reproduce quickly, so its competitors

would have a hard time. But the AI market moves rapidly. So, it's not to say just because it would be difficult that it wouldn't happen ever. Security and decentralization a five out of 10. Validators and stake concentration. Subnet design and governor assumptions warrant more evidence. And catalyst and execution is an 8 out of 10. useful subnetss and credible external customers could strengthen the case materially. Unanswered questions. While the central risk is mistaking rewards for proof that customers independently value that output again 72 out of 100 also landing a watch verdict. Filecoin just a tick lower, a 71 out of 100. Let's talk about Filecoin for a second. Well, its real utility filed the token and adoption got a 16 out of 20. Fiocoin operates a real decentralized storage network. Glad to see it up today, by the way. The

paying customer mix matters more than the headline capacity. And of course, could this storage be rapidly needed by things like Agentic Networks and AIS? So, token value capture is a 15 out of 20. File token is used for collateral, transactions, and storage economy, giving it a clear protocol role and utility. Tokconomics and supply in eight out of 15 providers uh yeah provider rewards right and ongoing issuance must be compared with real demand for filecoin or files product competitive mode a 12 out of 15 [music] it storage provider network and verification mechanism are meaningful while conventional and decentralized rivals certainly remain that was fun to go over actually security and decentralization ation a 7 out of 10 and catalyst and execution an 8 out of 10. Risked unanswered questions 5 out of 10. The essential question is whether customer payments

can support the system without leaning too heavily on incentives. So, we're just seeing a lot of the same issue with a lot of tokens. And I've said this several times before we get into Aerod Drrome is that uh financial incentive to build something big in a financial product whether it's decentralized storage or decentralized AI networks is a very common common thing in tech right you put up a lot of money you have a vision you work towards it you pay everybody developers all kinds of things just to try to get to the point where you have a real working product that your idea is good that the market has real demand and wants to pay for that and then you become profitable. And for some tech companies and not even just obviously decentralized or blockchain technology but just across

the board across the world sometimes take upward to over 10 10 to 10 years, right? Over 10 years to 10 years. [music] Um, some of them can get there faster, but a lot of them have a ton of stored money as, you know, they've sold off shares and I guess value to other people so that they could get the money to eventually get there. So although there is a heavy lean on rewards and incentives and subsidies, it's not really uncommon for tech companies to do this. So how worried about that should we really be? Let's talk about Aer Drrome got a 76 out of 100. It's a little bit better than everybody else. Its real utility and adoption got a 17 out of 20. Aer Drrome facilitates substantial trading and liquidity activity. Token value capture got a 18 out

of 20 which is a really good score and one of the most important categories that we have. The existing VE arrow system has a comparatively direct connection to trading fees and participation votes. Tokconomic and supply is a seven out of 15. Emissions and incentives remain the chief constraint on the token's economic case. If that's all you take home about aerodyome, you'd be in good shape. Competitive mode, liquidity, depth, integration, and distribution on base are advantages, but decentralized exchange competition remains pretty intense in [music] uh crypto blockchain technology. So security and decentralization a 7 out of 10. Audits and live operations support the case. Governance and contract risk cannot be dismissed though. [music] Catalyst and execution an 8 out of 10. Expansion is very promising but the complete new aeroeconomic system must be judged after it's live and measurable. So

again uh signal but we need to see it roll out and operate well. Risk and unanswered questions a 6 out of 10. The crucial test is whether free or fee, sorry, generation remains compelling relative to the cost of incentives over time, landing it a watch verdict in a 76 out of 100. And we have a little chart here for comparison. I think that's probably more numbers than we really need. So, let's try to explain the results, right? ARB wins the product test. TAL [music] has this week's strongest supply score. Aerod Drrome wins the economic connection test and the margin between Tao and file is one editorial point. It is not evidence of a meaningful statistical difference here. So the strongest counterargument and the fairest objection to the weekly winner is this a direct fee route does not establish that

the token is cheaply valued or that fee demand will remain strong after incentive cost. Aerod drrome presents mechanisms that are attractive, but the market could be paying for a future scale and economic efficiency that has not yet been demonstrated aka speculation is basically sometimes priced in future stuff that's anticipated through that speculation that when we actually get there might not acrue more value [music] than it has right now. The strongest challenge to our low ARB score runs the other direction. [music] DAO govern resources and growing ecosystem income could eventually become more valuable to governance holders than today's scoring credits. We have not treated the possible future policy as an existing holder entitlement. Basically, we didn't get ahead of ourselves and give points to these different projects for things that they say that they're going to do but is not

true right here and now. Our token autopsies are very much true to what is here and right now. Arbitrum's reported Dow income makes the bull case credible enough to monitor. So, let's see what do we have here. Weekly verdict and watch list. Aerodyome or arrow the token wins this week's four token comparison out of 76 out of 100. But of course, it only got a watch verdict. It did not get a passing So, we're going to go ahead and move on here. I just wanted to kind of go over these things. And here's kind of our full breakdown before I move on. Is that you have a number one with an 82. The second best score so far is a 77 for hype. Aer Drrome got a 76. Jupiter got a 75. So as far as the projects that

we've gone over so far, these are the best scoring. Jupiter 75, TA 72, Filecoin a 71, Arbitum a 69, Avac 68, Render got a watch uh at 68, SU 64, Athena 62, Onondo 61, Har 60. Those are all of the things that we've been over so far. And uh we've been grinding out these token autopsies. Again, I'm pretty sure it's the be biggest and best value that I could give you guys right here and right now. Hopefully, you guys feel the same. And although it's late on a Saturday night, I just wanted to come in and kind of wrap up what we were doing. Let's take a look at kind of everything that's going on here. Feel like everything's a little small. Let's make it a little bigger here. So, right now, Bitcoin is at 84,000. Let's go take

a look at it. I don't like when it makes this too big. There we go. We want to have our tokconomics side by side. Not that we really need them for Bitcoin. One thing I'd definitely look at here, let's go to the monthly. And then we're probably going to want to throw this into Trading View where you guys are mostly familiar looking at it this way. Uh, let's go into the 4our chart. Make it a little more so we have this full and then let's see what we got going on. Oh man, which is a bottom. Let's see. Let's grab a horizontal line. Bang. Bang. I mean, that would math out really well. Could go back to 80,000. Obviously, not guaranteed in any way, shape, or form. That's just kind of my first thought here. I would prefer to

use my own trading view because I have all of my moving averages, but who knows? cuz I could easily defy that just because we got a lot of bullishness in the air. 1.69 trillion almost 1.7 trillion in market cap at 84,000. Bitcoin's looking pretty all right. I mean, especially if you zoom out and you think about where we were with BTC two months ago, three months ago, this is pretty great. And this area that I've been talking about for a while, as I learned from some other people who do technical analysis, uh, CryptoJ being one of them specifically, who constantly talks about this, that 835 to 845 region, we need to stay above that now for a week or two to really confirm a bull market. And it looks like we're getting that, but we got to hold it,

right? Ethereum at 2,700, BNB $772, XRP a$153, Salana $121, recovering quite nicely. Uh, Zcash is $1,646, still up 11% in the last 7 days. Sunny Little Tree, how you doing? Hey, my man, thanks for being here. I haven't seen you in a little bit. How you doing? Hyperlid $93.37. Dogecoin almost breaking back into [music] that 10cent region. Chain Link $1427. That thing moved pretty quickly. XMR $559. Cardono 20 uh 5, which is pretty good for Cardono right now. It's been moving with the market. We like to see that. Cardono and XRP in previous last and stuff. a lot of times would move at random at its own accord and not with the entire market. So, I'm glad to see those two actually really moving with the market. And what was XRP again? I know I read it, but I

forgot it already. A$153 holding that $150. I like that a lot. Sunny little Tree says, "Good, bro. Thanks, Iie, as always." Hey, I love to hear that, man. Be blessed. Hope your hope your portfolio is doing well. I hope you got uh some things in the lows of the bare market cuz who knows if we're going to get any lower price action. It's looking like that that was the bottom. That's what it looks like at this moment in time. There's too much uh excitement and money at this very moment, but you know, big dips in BTC can really take the wind out of everybody's sale and there's people in this world with enough money to move it wherever they would like. XLM is 21 cents. So, we always got to, you know, keep our head up and looking around

and make sure we're staying on top of things. Although, I hold for longterm, so I don't have to worry about it so much. But if you're in swing trades and of course, uh, perpetual trades and stuff like that, you really got to pay attention. Litecoin $71, Canton Network about 13.5 cents. Sweet been doing phenomenally well, 36% in the last seven days at a$118. Caspo went up today. Yep, it sure did. Sunny Little Tree says, "I bought when it hurt. I'm ready." Hey, that's smart. We look at that fear and greed index a lot. Hopefully, you guys are using that fear and greed index because it is really good for telling when the whole market is in extreme fear, and that's usually when it hurts to buy. Avalanche $10.81. We went over quite a bit yesterday uh about a couple

of tokens that are probably worth buying. I didn't hit the button yet, but I will tonight on uh AVAC. I think it's going to have quite a bit of money run into it. Then we have PNG, right? Black hole and if kind of unrelated to the AVAC ecosystem, but if is looking very cheap. Hopefully, it didn't pump on me. I wanted to grab some of that today. All right, where else are we? So, HAR almost 9 and a half cents. Memecore A123 even though it is down 18%. It got a little bit of pump with everything else and then it's kind of bleeding out a little bit. A at 156. Let's go take a look at if real quick. Not like I'm super bullish on this token, but I like that it's in the Robin Hood ecosystem. It's way

down. Uh it's hard to believe unless it's just over, right? If if it's over for this coin and people have moved on to other coins and Robin Hood ecosystem, meme coins are not going to be the rage, then who knows, right? But it's hard to believe that it's not over the course of the bull market going to gain some traction. maybe running to two, three million is still good um good multiples for you here. So, at about 400,000, it's even better than it was when I looked at it the other night, I'm pretty sure. So, I'm going to scoop some, but it's it'll probably be minimal, right? I'll probably start with like 2030 bucks and then maybe I'll throw another $15$20 at it another time if it dips a little, but 50 bucks is where I'm good. They they

always tell you not to risk more than you can afford to lose on a small token like that. I'm not going to go crazy. I'm not going to put thousands of dollars into if. Let's go look at that fear and greed index. Let's refresh it for today. 74 was yesterday and it's apparently still at 74. Notice we got one day where we went to about 78 and then we pulled back right to 71 the next day. I really don't want to see us get too high in that extreme uh greed because it never seems to end well. All right, let's go to recently listed coins. So, you have uh top 20 search coins and top 20 most visited coins. We used to always look at it set up like this and then they changed it on us and now

it looks like they changed it back. So, 20 coins searched as of recently. Near Protocol, Onondo, Sweep, XPL, Plasma, Aikido Games, Zama, which we've been at since the beginning of Zama token, Athena, Arbitum, Layer Zero, Zcash, Backpack, Aptos, Bit Tensor, uh, SparkNet, Lighter, Plume Network, Bitcoin, SE, Bitway, and Zync. I mean, a lot of what we've gone over here recently all in here. We've been over sweet and finance lately. We've been over Athena, Arbitum lately. These are all token autopsies. Bit tensor [music] we've been over. So that's looking pretty good. And then the most visited coins and [music] in what the last I don't know. Okay, so it's in seven days. So you can change these. That's what's different from before is you can change your time frame. Let's go with 24 hours on both of these. Quant of

course being uh up 60% in the last 7 days. Salana, Athena, Sweet, this uh Orbitum network, this NA means they're not out yet. And Jumper, let's take a look at these. What is Orbitum? Orbitum. It is an AI focused layer 1 with EVM compatibility, DEX, bridge, and staking. There's no token, so I have no idea when it's coming out, but that's one to know. This is where we can kind of look at things before they come out. Let's go to Jumper. Jumper is a multi-chain liquidity aggregator powered by LI.fi, right? Is that like layer 1 finance maybe? Very interoperable, very crosschain. That's kind of the point of the project. Jumper Exchange is a multiplechain platform for bridging and swapping digital assets. Nice. All right. Jumper is on the radar. It's an ICO. What else is interesting here? DAC. I

remember DDACT. We've talked about this before. Quantum Chain is a quantum proof, non-inflationary layer 1 blockchain for RWA, DeFi, and AI. Again, not really out yet to give us an ecosystem. I guess its own. It's being launched on the chain GPT pad. I don't I don't see a lot of projects launched over there. So, kudos on them for doing that. We've been over chat uh chain GPT before. It's funny. chain GPT really didn't create a lot of noise or buzz, but VVV, Venice Token really did a lot of buzz, right? And is what is Venice Token today? I'd love to know. It was like $32 before. Where's VVV? It's got to be in the top 100, right? Let's see if I can spot it amongst the bubbles. That's got to be a top 100 coin, right? There it is.

VVV. I knew it was. Uh it's down to $29 today, but for where it was a month ago, freaking fantastic. 15 to 29, up uh 1,375% in the year. Let's take a look at Caspa again. I know we already clicked on it once today. Almost went to 5 cents and chilling a little lower at about 4 1/2 cents, but still where it is right now, almost 11% gain on the day. Gotta love that for Caspa. Caspa, a lot of attention. I noticed that Athena and Caspa had been hitting it pretty hard today as far as social media presence here. Oh, we got some more Kindra stuff. Welcome to the Twitter Doom scroll. So, the Sunlit Downs got a glow up. I guess that's what we call this. Sunlit Downs. I like how the mountains look like stadium lights. That's

kind of cool. So, this is some new stuff going on in Kendra. We got some kind of horse jockey races. Let's see what's going on. That's an ad. Oh, look at those lamb shanks. That looks delicious with the lobster tail. Shout out to the lifer as always. Yakaman. We are waiting for that to come in. Some avalanche arrow drrome arrow is coming to the Robin Hood chain. All right. To provide some liquidity. They were just doom scrolling here on Twitter. Athena. I I noticed a lot of people posting about Athena, which is just it's funny. Uh what I seem to go over always seems to have some kind of push. AVAC is currently $1066. Market cap 4.7 billion. 24 hours 620 million. What if it hits 20 2550 bucks? The real thing to look at isn't price, it is

market cap. Couldn't agree with that more. And if it's at 4.7 billion, 20 billion doesn't seem like a crazy idea. So Athena has officially declared scarcity of their token. The team bought the remaining supply about 19% and they locked everything. No more vesting. Full supply circulation team will burn some and then they will unlock the fee switch to automatic buyback and more supply. This is something that we went over in the autopsy was forecasted, right? All the fees USDE earns across all blockchains and from Binance partnership perpetual trades will be used for buybacks. I don't know if all of that gets burned. Athena, the XRP of this bull market. Okay. It's easy to throw words around, right? Yeah. I'm sick of meme coins that only [music] last 24 hours. Yeah, aren't we all? They're not even really community coins

anymore when it comes to all of that. It's basically just pump and dump liquidity, rinse and repeat. Grock, is this Grock bot is now integrated into Tesla thanks to all the team's hard work. It can handle Door Dash, Open Table, Uber Eats for pickup and restaurant on your way home while discussing what to order with the family. Well, that's cool. Those type of things are just going to get better and better. Honestly, I deal with a lot of chatbt, Grock, Grock bots. Uh I'm new to Grock bots for sure, and they have their limitations, right? There there's some things that are very frustrating about them. They are not a perfect system by any means. Caspa climbed to 59 yesterday, I'm sure, by market cap. Again, there's just all of this push about Athena lately. It always makes you wonder

how much of it is people getting excited or just paid kind of promotion, right? Can still taste the paper. Tom Crown, hilarious. I'm with you on [music] that one. Uh, some more Chainer stuff. What is this? More AI videos. So, apparently I got blocked by someone for the Richard Hart win slap video. So, here's another one. It's funny. So, quiet 2.4 billion week just hit the spot Bitcoin [music] ETF, right? Every session green strongest haul since October 2025. IBIT uh vacuum 1.16 billion by the way that I bit that is blocked uh black rocks product year to date back in the green near 930 million price is digesting institutions never stop always coming with the sauce what is this thing 20 days ago I didn't know if anyone would understand claim avenue This is weird. What is that? I

don't even understand what that is. Cam, welcome in. Melissa says, "Kindra fix the faces today." Nice. They're on it again. More of this Athena. I guess Athena's going to pump because everybody's excited about it. I don't think I own any ENA. Of course, the coliseum. I don't know how long it is, but you can win a $100 in uh what is it? Oh man, I feel bad now. $100 you can win in [music] in a stock. Is it in Tesla? I don't think it's in Tesla. Anyways, if you win this, they're always giving away a little bit of money. Just doom scroll in here. Don't buy me. Ansom. Caspa founder. Yeah, we'll like that. Aer drum weekly cap. Of course, lots of Richard Hart stuff going around right now. Yeah, your altcoin just jumped 40% and it just might

need 6x to get back to its old high. Absolutely. Although very unfair, very unfair to if you know the story behind ICP and FTX and all of that stuff to put them with that 34x to get back to their high. Uh they were manipulated heavily there. The price of that coin should have never gone that high. Bloomshshire Discord is now open. I don't know what this is. That looks like an old handheld game. Greenw World trying to keep an eye out for these new DeFi games, right? Greenworld.f fun. Bankerbot. Banker still a pretty good looking token. Let's go look at banker real quick. I'm trying to remember if it had good Was it BNKR? Yeah, here we are. What was its tokconomics? 10 billion. So, okay. So, it's fully vested. It's only at 44 million at least. At least.

I mean, I would love to see something more like, you know, 1 billion or 500 million max supply, but either way, whatever. All that would do is crank the number up. It wouldn't change the [music] entry point really. It's fully vested. I don't know what else what else to say about that. Bankercoin. Bankercoin looking like it's in a falling wedge about to pop. As long as this market stays hot, it's going to continue going up. X42 ecosystem. Don't sleep on those micro payments. We've talked about it a lot. Seeing if anything jumps out at me. Open serve at 20.2 million. I remember Reliable Jay talked about open serve a lot. What is bricking? Let's take a look at this. Ethereum ecosystem and B&B ecosystem. See how long [music] it's been around. Max chart says since about July what 25th

2023 been around longer than I thought it had. Tokenized asset real world asset X42 ecosystem. All right. I really think X42 is going to be hottest on base. So, I'd be looking at things that have base integration, at least minimum, if not base native. Pay AAI got a little bit of buzz when X42 was getting some buzz. It lives on the Salana network. Let's see where does open Serve live. Ethereum. Come on, show me the and base. Open Serve I think mostly is my pick as well. Of course, there's unibase. That's funny. Right. Caspa at 11 cents. >> [music] >> Nobody Casper at a dollar everybody. That's how it goes. And here's somebody on onto the sauce here. These are all tokens that have buybacks according to DeFiama. And we've been over a couple of them, that's for sure.

Arrow, Hype, A, Athena. What else have we been over here? Oh, look. They got cards in there. Canton as well. Stuff's going to be highly important. Zcash just keeps going. They have this like white guy who thinks he's Jamaican. Pretty funny. Let's see. Did I change to the right format tonight? Dang, I did not. I meant to change the uh the vertical format for lives, right? Waking up at 6:00 a.m. because I decided to take a screenshot instead of taking profits. Classic So weird. Yeah, that that thing [music] popped off hard. All right, we're not here for that. Bankerbot. Yep. Agent hour. Building a 3D city where AI bots live, work, and trade. Joins to bring trader perspective. Okay. So, what is this? That thing we were just looking at. That little city. Oh, they're trying. They're doing scratch

offs. I mean, I guess that's one way to do it. Now they can evaluate how much money they lost, right? Just take a whole roll. Pretty sure you can just take like some acetone and rub it on them, too, and it'll just come right off. And you can just wipe it off. Did they win all the money? Yeah. People mad about laptop. Why would it be a blue chip? Why would laptop be a blue chip? It is certainly not. Right. Tom Crown coming in for having just sense. Right. Literally anybody could have told you this was going to go down exactly like it did. Yeah. Duh. It looks like you made zero effort into researching how to launch safely. Yeah, duh. What's this going on? Elon just dropped the hard troop they don't want you to hear. The reason

we are seeing extreme amounts of hate and violence is because we are actually succeeding in getting rid of corruption and waste. Yeah. Okay. I don't disagree with him. Guns officially 415,000 transaction on mainet. >> We actually talked about guns quite a bit. Hey, they're taking shots at Cardono. [snorts] Hilarious. Probably not real, of course. Oh, we're just we're just doing what we already did there. And let's see what our top gainers, top losers of the day. Because a lot of times in the bare market, we were just anxious for anything to pop off. So, we're always looking for those top gainers. But as we start to turn bullish, the real value becomes those top losers. Quant crushing it. Nothing to say about quant. I have a buddy who owns some quant [music] and uh he was having a hard

time time through the bare market. He was really just down on it. When is it going to pump all of these things? I really hope he didn't sell uh because he'd be very happy with his gains right now. Uh is laptop actually Hunter Biden's coin? Is he affiliated with it? Couldn't tell you. When I saw laptop coin, I was like, "Yep, stay the heck away from that thing." What is that Jean Paul guy with the weird hair? I have no idea, but apparently it's going super viral. I I honestly that kind of stuff when it I just I just write it off most of the time to be completely honest with you. Pudgy Penguins is down a little bit. You know, I really wouldn't mind looking at Pudgy Penguins real quick. Probably the only relevant NFT projects on the

big stage, right? The big players. Why is Coin Gecko not opening? Very weird. Let's look at Pudgy. Oh, ticker's actually Pangu, not Pudgy. Whoops. All right, we got 88.8 billion. Max supply circulating supply only 62.8. 8. So definitely some coins to come out here, but that's not the end of the world. We don't know when they're coming out. Market cap only 617 million. And then let's go look at it over the last 3 months. That'll tell me a little more. You're getting pumps pumps higher high here locally. Went back to a penny. Now it's a little under, but it's right under a penny. Pudgy Penguin could boom. The question is like, what have they been building? You'd almost have to do a full token autopsy on Pudgy Penguin. I'd like to know how it works with its ecosystem and

where it gets its value from. Is it 100% speculation? That kind of stuff. All the things that basically we look to answer with a token autopsy. And with that guys, I'm pretty much going to end it. It's a Saturday night wrap-up stream. It's not meant to be super long. It's already starts late. I hope everybody is doing well and their portfolios are finding them, you know, happy. Are you happy with your portfolio? That is the question. Cam says, "Stay away from gimmick and meme coins, man." Yeah, exactly. At this point, I'm staying away from most gimmicky type coins. I wish the coins I have held for years would pump like quant. Yeah, it's always the stuff you don't own. Just straight up most of the time. But to be fair, some things I own did pump, right? It just

always feels like the ones that just rip and go crazy or like Zcash and you're like, "Come on, man. I feel like I own some coins that are better than Zcash." But that's okay. It is what it is. Stay underground. Stay crypto. Smash that like button. and I'll catch you in the next one. We're going to be rolling in with Monday 8:30 p.m. New York time, unless of course my wife has our third child. Uh I'll keep everybody updated in the Discord on that. Was very difficult to get to this stream tonight, but I did it and that's what matters, right? Another one for the books. Underground crypto outs. Hey, Reliable Jay all the way to the end. Appreciate you, friend. Later.