
Insightful|Aug 21, 2025 01:47
The real pure cinema moment of the day was not Wormhole trying to frontrun bid Layerzero for Stargate
It's Mitosis really being the shining example of the absolute meme state of airdrops were in:
- only 6 day window to register and 7 day window to claim after a 1.5+ year campaign
- Onchain users and LPers for the past 1.5yrs got completely shafted compared to allocations for Yappers = less than 2% APR (ETH staking APR is ~3% btw) + smart contract risk, opportunity costs, ect
- Exit liquidity-ed you via Eclipse Alucard ASC NFT style where your 1000+ NFT gave you what will prolly be 100 in tokens and your down 98% on it
Examples:
1/ Deposited 3500 worth ETH for 425 Days + Game of MITO Testnet 2nd Tier Rank = 250 MITO
2/ Holding 2 Morse NFTs worth 1500 + Holding 2.5 ETH on their expedition since the last 425 Days + discord roles + top 1% rank on Testnet = 970 MITO
3/ 1.35 ETH deposited for about a year = 540 tokens
Avg yapper amount = 1500-3000+ MITO
TLDR the sentiment is basically:
it was infact not OG Depositors > Yappers
Spammed copy pasta mindlessly on X (or made a few good posts) = Here’s your 5 figs ser
Went through like 10 different campaigns locked money in for 1.5 years and actually put the work in = here’s your peanuts thanks for playing ser
________________
How to play on TGE?
1/ Take instant claim option: sell, forget, book some grass touching time off with your family and therapist
2/ Take tMITO vesting option: you believe the 2.5x amount of tokens will be worth the same or more in token $ value 6 months from now
You think most will instant claim so you can get more than 2.5x amount of tokens
(rewards from bonus pool that gets 75% of the "forfeited" tokens from the people who pick instant claim)
You also "hedge" by taking low leverage short on MITO on perps over next 6 months post TGE assuming price goes down only from there
Which option are you picking(Insightful)
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