« Back

ATROPA Q&A #2, 08-10-2023

Compiled based on conversations with 414 in irc.debian.org #atropa. Join and ask 414 questions here

Renouncing tokens, is there a specific reason why you do that upon deployment?

This is to allow any superficial scan to verify that there aren't any latent mint functions callable by contract owner.

Do you see an inbound recovery coming for the WritingContract since it’s 90% dip? Since the violent dip in certain coins could be viewed as mainly over, will we see recoveries? or will there be new tokens taking over the tiles of the older ones?

That will be bought back regularly over time as I hit success points.

Your success points are measured in gradual stability of the overall system?

The next stage is stability and steady growth.

Does Kymato play a role in atropa ecosystem and if so what role does Kymato play in the Atropa system?

I don't know what Kymato is.

Was it you that reduced Atropa supply to 069? Is there plans in the future to burn more Atropa supply?

The 1mil burn on Atropa was meant to set an early bar for the amount of holdings I expected in top holders. There are a bunch over 1mil currently but I expect that number will drop as the value goes up.

Referring to the 42 Atropa that was burned about a week ago

I had not noticed, no I don't know who burned those but burns and additions of locked liquidity are highly encouraged :)

Is PUNK, WAR, GRILL mintable coins? do you have any plans to mint those or could we build communities around them similar to Teddy and Monat?

TSFi is the asset I personally recommend because it's most likely to return the largest profit on the smallest short term investment. The Teddy Bear is possibly stronger for a large investment but I presume anyone putting that much into the system can do their own research.

Do you have plans for WBTC as well??

The WBTC liquidities were added as a group effort, I'm waiting to see how that does.

Why do certain token addresses hold LP?

The LP holdings on renounced tokens is purely symbolic, rather than sending the locked liquidities to 0xdead it translates into a more meaningful way to represent why the liquidities are locked and what the tokens and their utilities are supposed to represent.

Do you work alone? If not how many people directly do you work with?

The addresses that receive minted tokens were chosen from top holders of specific tokens in the system at the time that those mintable tokens were created, more might be added in the future.

What is the plan for this coin 0xFa4d9C6E012d946853386113ACbF166deC5465Bb. It's symbol is attached to many of the large tokens in this ecosystem and has a decent pool with WBTC.

The 0xFa token is designed to fit the definition for a "Legal Tender" because of the way it is derived. The tokens names of everything in the system is intended to fit specific definitions used in financial instrumentation.

Have you considered making a DEX token with emissions still using PLSX router of course but a platform that encourages others to make LP and a use case for staking PLS/pDAI pDAI/ATROPA long term?

I'm trying to keep it simpler and none of my tokens will ever support custodial staking of any kind. I believe there is likely to be a case in the future for additional tokens that support issuance based on approval and transfer criteria. I think a lot of us have been through enough token swaps to realize that is where a lot of coins go wrong.

By next stage of steady growth and stability are you referring to a similar climb to the price action period between August 1st - August 17th?

My expectation is that as richard wraps up the SEC stuff and it goes in his favor, and we see demonstrable stability in the Pulsechain network, the forces that be will drive up prices across the board.

What is the purpose of the MV token? is it to continuously generate volume?

The handful of openly mintable tokens are intended to help burn pls and test an experiment for tokens of lowest value.

What is the purpose of sending supply to other contract addresses? Does it lock that supply?

Sending the LP tokens to 0xdead or to any renounced contract address locks that liquidity permanently, yes. The balance can be bought out but never withdrawn.

The mintable tokens ... are they mintable by anyone who knows how to or do any minted tokens only go to the addresses in the contract?

The mints are mixed, I don't honestly recommend minting anything but the FPMB token because the profit margin calculations are too hard but if the tokens required to issue 1 FPMB cost less than the bond is worth, then it should encourage issuance.

What about issuing bond for ޖޮޔިސްދޭވޯހީ?

That's designed to be too expensive

We have seen a lot of new wallets onboarded with the pDAI peggening, and also huge amounts from Teddy Bear. Are we better to concentrate on a specific narrative or risk spreading to thin on many?

The play distribution in the assets that receive the most interest will influence how the push forward will occur for further development on the ecosystem. The IRC token was created to represent that I feel ready about the ecosystem completeness to declare it stable enough to receive comments

Are you a fan of the video game Hyper Light Drifter?

I don't play games or make bets :)

In your opinion do you feel that the Atropa ecosystem will be one of the main catalyst for this upcoming bullrun and may likely lead the way?

I think we are making a case for the best investment in crypto. If that proves true then we'll see improved asset inflow.

Can you specify any plans for front end applications you may be working on? Wallet, Portfolio, Dex etc...?

Dysnomia is a math proof, if all goes well it will be integrated as a sidechain that stores hook contracts on pulsechain for off-chain peer to peer interactions. I'm not clear on what the utilities will be yet. I would like to see CAW finished and active on the blockchain. We don't have any good UX examples for blockchain based functions outside of pure profit making.

What is the plan for pDAI?

I believe the pStable coins are in a political limbo that we should see break as the SEC inquiry closes.

Do you know RH personally?

I bet we'll see him in here soon.

What's your idea on CiA and monat money? Besides Teddy they currently seem to be the top performing tokens in terms of community building.

Please take a look at the liquidities and top holders on any coin before gauging profit potentials. That's designed to set up the whole outlook, the profit potential for jumping into a token with a lot of locked liquidities of other tokens likely to go up in value and a very low number of holders at all is literally most likely to return the best profit on a random buy.

Is it in the ecosystems favor to tie in eWBTC and other blue chips to extract more volume and bring in more exposure?

The WBTC liquidities were added as a coordinated group effort, I don't expect them to grow exceptionally in the short term. The ethereum liquidities will come later.

Can you explain why pDAI and USDC are pegged 1:1 together? and USDT lags behind?

As I understand, the 3 pulseStable assets are controlled by 3 distinct entities with the DAI & USDC teams being more closely linked together and the USDT team being more tied to Bitcoin. I chose DAI as the primary asset to lock liquidity with because it vibes best with the project.

Do you wholeheartedly believe that the Atropa ecosystem that you created is safe and sound for investors?

I think that the locked liquidities pattern and the active holders distribution clears the Atropa oriented tokens as the best investment in crypto today.

Anything we can do to help?

I am interested in any mock-up ideas for how anyone might like to see the data presented in a client. My idea is to show information about the Atropa token and liquidity pools and provide easy access to copy contract addresses. I know that what is most wanted is a client-concept that allows anybody to easily buy in at like a $5-$20 level and then immediately be able to view depth about their investment options and swap around easily.

Do you have any association with @FourOneFour on X/twitter?

I don't use any social media.

Did you haveanything to do with the MakerDAO vote for the pDAI contract? If yes what was the vote for exactly?

I don't follow anything but HEX very closely.

Can you explain why you only renounce a few tokens upon deploying

The tokens that are not renounced are intended to have open transfer options later, only the Treasury Bill contract has a mint function on it though.

You say there are separate "Teams" for pUSDC and pUSDT, have you been in contact with them to coordinate with pDAI?

I believe someone will show up in #pulsechain that can answer that better than me. I think the ecosystem has covered all the various trust models that currency backers play. That was the goal on having more than 1 token from the launch. The Atropa token was initially divided into a hedge fund TSFI, a work fund LOL, the savings account dOWN, and then the LEGAL contract was set up as the initial non-mintable lock device.

Any comments on Bullion 5 and Bullion 8?

Those two should be trading at a 1111111111:1 ratio which is currently exploitable.

Whats this means tokenized asset?

The tokenized assets are a most primitive demo of content-frame specific assets for client development.

What is the significance of the SIMcontract? is it important in withholding the stability in the system?

It is part of the trust doctrine in the contracts. I would like to see that token integrate in a more meaningful way but those connections are way out of scope for now.

It depends on how the hex recovery actually happens, if the price tracks up strongly with an equal increase in pDAI then we could see equal or better performance.

If i understood correctly you are interested in a client-concept that allows anybody to easily buy in at like a $5-$20 level and then immediately be able to view depth about their investment options and swap around easily. Is this potentially the pulsechain wallet the RH was reffering to a while ago on one of his lives?

I think a lot of people have thought about how to prototype such a thing and there is no good option yet. I meet people that would love to jump in but the process is not straightforward.

  1. People don't want to use coinbase
  2. People don't have any conception of bridging assets

Etc

What are your thoughts on Twitter/X potentially creating a wallet. Do you think people would prefer to use something like that over Coinbase?

I have only looked at read-only calls to the scan API thoroughly so far and those are slow

What inspires you to do so much? RH is in it for glory. You?

I think we can win BRICs.

By wrapping up the SEC stuff you mean the settlement/deal will be the best option for Pulsechain?

RH hasn't scammed so there's no reason for the SEC judgement to really prove overly harsh but it will clarify a number of regulations and afterwards his plan will be bound to move forward. It depends on what the contexts of the ruling end up actually being. If it is a clarification of the responsibilities of high-frequency traders with trades covering SEC oversighted areas then it's just a basic broad tax issue affecting all of crypto. They aren't in a position to single out rh but just to use him as an example where they have something way out of control. I'm sure it's a tax issue. The reason the asset becomes a security is because the facilities that stabilize and maintain its price exceeds the threshhold for sane tax-reportable things that are set up so as to skip reporting.

You have kept bill burr token separately in the addresses list in GitHub. I also see 1 of the person pretty much holding 85% of the supply including LPs for that. Is there something peculiar about that contract to list separately?

I plan on getting those portions of the Bill Burr token that I still hold to him at some point as long as he stays alive.

Edit
Pub: 09 Oct 2023 17:20 UTC
Edit: 09 Oct 2023 18:19 UTC
Views: 268