SHILL Issue 22

SHILL 

SOLANA NFT/DEFI/TWITTER COMMUNITY 

SHILL the MINT 

So many NFT that we had to 

increase this issue to 48 pages! 

GENESYSgo 

Have we missed the train? Is it too 

late? 

HYPE & PRICE 

How to analyse a project’s potential 

step-by-step. 

ISSUE #22 

0.025 ◎

@genenft 

THIS 

In 

ISSUE 

22

4 

From 

6 

the Editor 

Working together, paving 

the way. 

The HUMAN MACHINE 

GenelifeNFT creates a new 

kind of mint. 

Hype and Price 

12 Huhao walks us through 

how to analyse a project. 

SHILL the Mint 

Dropping, holding and 15 

hoping 

SOLANALYSIS 

28 7D Volume rankings 

HOLAPLEX 

30 What’s new on Holaplex? 

MOVERS/VOLUME 

32 SOLSWATCH scan of the 

markets 

GENESYSgo 

34 Have we missed the train on 

this one? 

URS ARTISTS ROYAL GANG 

40 The one-of-one mints you 

wish you had ALPHA about!

the 

from 

EDITOR 

@Pixeltoy 

We are just 7 days out from christmas day. We can push 1 more 

issue out before that before returning on Sunday 26 Dec with issue 

#24. Twenty-four issues my #frens, that’s a hell of a lot of pages! 

Issue 22 is on your screen. FFifty-two pages of Solana content from 

the past few days. NFTs. Mints. Holaplex mints. Information and 

alpha content. It’s all here to keep you up to date and in the loop. 

Personally, I am looking forward to 2 upcoming mints. The LitJesus 

Gen2.0 release. Probably mint the most common of traits but the 

Jesus series are truly amazing. Hand-painted, scanned and minted 

as NFT. No 2 alike. Unlike a lot of the shit out there that everyone 

apes into lately. Otherwise, I have focussed mainly on Holaplex mints 

this week as I at least know that, 1. the artwork is original and, 2. the 

artist is actually being paid for their work. The second is the much 

anticipated winter launch of Space Goats on Acid. I really enjoy the 

art [almost] as much as I love McNatt’s original pieces. 

In this issue you will come across a fine article by HuHao about how 

to analyse hype around a project. A skill we quickly have to develop 

on the Solana chain with the plethora of high-grade shit that has 

been dropping daily and disappearing almost as quickly. GeneNFT 

walks us through their project ‘the Human Machine’ which is a novel 

NFT series you should keep your eyes open for. Solape is minting its 

access card now, what does it mean for you and is it worth the 1Sol 

mint price? 

DigitalRoamad walks us through the GenesysGo, Shadowy Super 

Coder project and how it could be the most significant NFT you could 

mint in 2021. Not in my wallet at 40Sol. Was considering if it touched 

20Sol but it bottomed at 24 before shooting back up. You can’t get 

in on every project! 

4 

SHILL Issue #22

Two Holaplex newcomers are featured showing that talent is flooding 

into the Solana space. So much so that it is getting harder to find the 

diamond Holaplex mints - there are just so many to choose from! 

Finally, we round out this issue with some ultra fine submissions 

from the URS Artists Royal Gang. This group of artists is growing 

weekly with a truly supportive network. You need to look at what 

they are doing in the space! 

What are the stats for the past week you ask? 

My roadmap goal was 1000 readers per week. This past week has 

seen 1072 unique readers cast their discerning eyes over the #Shill 

zine. Thank you #frens for your retweets throughout your Twitter 

communities. Going to be hard to top this! 

Looking forward to the next issue. 

I almost forgot...I created a Shill zine logo! Cool huh? 

Pixeltoy 

SHILL Issue #22 5

the 

HUMAN 

machine 

By Gene - Scientific Art NFTs 

What’s behind the artwork of our first scientific NFT collection? 

Most of us live unaware that we are colossal molecular machines 

of unimaginable nano-complexity. 1,260,000,000,000,000,000,000 

moving parts keep each one of us living, thinking, surviving. As 

many as there are grains of sand on the Earth. 

6 


These parts are your proteins, strings of amino acids ntricately 

folded to form 3D structures of diverse form and function. Your 

genome, your DNA, contains the instructions on how to build over 

20,000 different types. Honed and refined by four billion years 

of evolution, these structures work together in a constant battle 

against entropy to keep you alive. 

Only in the last century has this reality become clear, and with it 

a new understanding of medicine and disease. For example, a 

mutation or change in a DNA sequence can disrupt the shape of its 

protein. That faulty protein can then start a chain reaction, through 

interactions with other proteins and systems. A classic example is 

cystic fibrosis, caused by changes in a gene involved in moving salt 

and water in and out of cells. In conjunction with infections, this 

results in the build-up of sticky mucus in the lungs and digestive 

system. It’s still an active area of research, but if we can fix the gene, 

we fix the protein and cure the disease. 

The NFT for CFTR, the gene involved in Cystic Fibrosis. 

SHILL Is1ue #22 7

For many rare diseases, we still don’t know which genes are not 

functioning properly. Affordable DNA sequencing technology now 

means researchers can look for the culprit by sequencing many 

patients with the same condition and finding which DNA mutations 

they have in common. This genetic origin is only the first step, we 

then need to find out what the defective protein should be doing 

and how to fix it. This means understanding the 3D structure of the 

protein and how it has changed. 

Predicting the structure from the DNA sequence has been an almost 

impossible problem to solve. The structure can be measured with 

crystallography, very high-resolution microscopy, but this is slow 

and expensive, meaning that only a fraction of human proteins 

have been studied. Earlier this year, in a surprise to many biologists, 

DeepMind released AlphaFold, a breakthrough AI system that 

predicts protein structure. AlphaFold has the potential to be a 

game-changer for scientific discovery and, hopefully, research in 

common and rare diseases. 

Each artwork in our first collection features one of these protein 

structure predictions for each gene in the human genome. They are 

coloured according to where in the body they are found and styled 

by how well studied their genes are. These really are the structures 

in our bodies, each one an essential cog in our machinery. We hope 

they convey some of the wonder and strangeness of the reality 

revealed by science. 

8 


CryptoVulture 


the 

SOLAPE 

access card 

The Solape Access Card is a utility based NFT that offers exclusive membership 

and rewards to the Solape community. The mint is happening 

Saturday, December 18th at 5:00 PM UTC. There will be two rarities of the 

Access Cards: Black and Gold 

Airdrops 

•Black Card holder perks: Benefit from on-going token airdrops from both Solape 

and exchange partners. As a platform with a proven track record for providing value 

in airdrops, seen here, this is an opportunity for all community members to earn 

token rewards through Solape, without holding 100K Solape tokens. 

•Rare Gold Card holders will in addition to the Black Card holder perks be entitled 

to a 10% bonus percentage of token airdrops. 

Solape Early Access — For as long as you hold this NFT, users will be 

granted early access to all future DEX upgrades and platform projects. Access 

codes or links will be distributed directly to owners NFT’s. Ensuring 

both security and utilization of the card. 

The ApeHouse — Chat directly with the team in an NFT-gated discord 

channel. Stay updated on upcoming features, partnerships, and airdrops 

as a Solape Member. 

Card Personalization — Hold your Solape Access Card and unlock NFT 

personalization rewards over time. For example, Adding your twitter handle 

(e.g. @solapefiance), Add your PFP / Logo, and more. 

Total Supply: 5000 Cards 

Mint Price: 1 SOL 

Mint Method: Candy Machine 

Number of Black Cards: 4950 

Number of Rare Gold Cards: 50 

Recently, certain projects have seen botting issues, in which individuals 

were able to game the system and mint rarer NFT’s. To avoid this ma- 

10 


nipulation during our minting process, 

ALL 5000 cards will initially mint as Black 

Access Cards. 

After the mint has concluded, the Solape 

team will host a live event where the 50 

Gold Cards will be randomly allocated to 

NFT purchasers and updated on-chain. 

Absolutely everyone has a chance to get 

a rare gold card if you minted one of the 

original 5000. The more cards you hold, 

the greater the chance. 

A Solape NFT gallery interface will then 

be established on our website to view 

metadata and in the future make update 

requests for personalization. 

Will 100k SOLAPE holders lose out on airdrop 

rewards now? 

No, airdrop rewards for NFT holders are 

separate from $SOLAPE token holders and 

will not impact or influence one-another. 

Do I get double rewards for holding 100k 

SOLAPE and having an NFT? 

You will receive two sets of airdrops. 

If I hold more than one Solape NFT card in 

the same wallet, will I still receive multiple 

airdrops? 

Yes. 

What happens if I sell my personalized 

card? 

If you decide to sell your NFT on a secondary 

marketplace after accruing personalization 

rewards, the personalized information 

will be removed after a sale has been 

completed. Airdrop rewards you previously 

accumulated will remain in your wallet. 

If I list my NFT on a secondary market, will I 

still receive airdrops to my wallet? 

No, your NFT must be held in your wallet 

and delisted from any secondary market to 

receive airdrops. 

-15% team. 

-15% buyback of $SOLAPE token over a 

period of 6 months; this will be used to 

provide liquidity to the market. 

-10% NFT Ape Fund, used to support our 

listing partners and projects in the Solana 

Ecosystem. 

A percentage of each airdrop will still go to 

holders of 100k $SOLAPE and that percentage 

will remain higher than that of the 

NFT airdrops. If you hold both the NFT and 

the 100k $SOLAPE tokens, you will receive 

both airdrops. 

-60% treasury which will be used for the 

following:Team expansion and hiring, 

New Solape products, Infrastructure 

upgrades, Improved support mechanisms, 

marketing & Growth budget, CEX listings. 


ANALYSE 

hype 

price 

HuHao 

& 

We like NFTs. Ever heard of the term “apes together, strong.” A quote from 

the movie Planet of the Apes and popularised by WSB. Though in reality, 

it works. A tribe working together can complete any goal. If a group of 

crypto-rich millennials collectively appreciates buys a certain collection, 

then these NFTs are going to be more expensive to buy due to demand and 

supply. Economics 101. 

Hype in NFTs is generated mostly over social media these days, 

specifically Twitter and group chats in Discord. Do not underestimate 

these two resources, they are practically the charts, graphs, order books, 

and information for NFTs. This is because the NFT space is so new, we 

are just starting. Imagine you owned a piece of art from any previous art 

movements in history, most are worth a considerable amount of money. We 

are living during the digital art movement and you shouldn’t be surprised if 

students in the future are studying this movement as part of a curriculum. 

12 


Twitter 

The social media platform for all things blockchain-related. Twitter is the 

perfect tool for us to collectively share moments, thoughts, and photos 

and connect with each other. Twitter is also home to all NFT project pages, 

news, activity, announcements, and more. Fundamental analysis can be 

conducted surrounding hype if you’re goal is to flip or invest in NFTs. 

That is why you should dedicate your time and energy to find the best 

projects for your ROI. The Bored Ape Yacht Club collection (BAYC) was 

released at an 0.08 ETH mint price of $165.94 USD. Currently at the time of 

writing, the lowest ape you can buy on the secondary market at OpenSea 

is 6.55 ETH $13,586.34 USD. That’s an 81.875x return in 3 months. Cool. 

Now let’s look at some apes with the highest sale prices so far. Cool cool 

cool. 

The highest price an ape has sold for is 109 ETH $225,910.13 USD. That’s 

a 1362.5x or, 136,250% ROI IN 3 MONTHS. Now, this gets fun. Even for 

anyone that has experience in crypto. The reason there are discrepancies 

between the prices of apes is the rarity of these NFTs. Some procedurally 

generated apes have traits that are rarer than others: 

You can use rarity.tools which is a great website to view the rarity of each 

collection. The tool lists the most popular NFT collections and you can 

see your own NFT’s rarity by searching for the # of your token. The Twitter 

platform will provide a gateway into certain project sites, as well as their 

discords. 


AUDIUS PLAYLISTS 

Send your playlist to: 

pixeltoy.sol@gmail.com 

to be included in the next issue. LIVE LINKS - CLICK IMAGE 

14 



LitJesus Gen2 


BatCity Underground 

16 



SolanaMechWars 


Dino Kingz 

18 



Chimpanzee Tribe 


Stock Tylers


Space GOATS

Mickey DeGods


Digitize

Discord 

Communities in Discord servers of each project can be extremely 

helpful in answering any questions you have. All aspects of a collection, 

announcements, and most importantly: community building. You can find 

my own Discord server here. Come swing by and say hello! The reason the 

BAYC collection had such a popular rise and price is due to community 

engagement. People are excited to own an ape. It meant that you were part 

of the ‘exclusive’ club where people set their own apes as their PFP across 

all social media platforms. 

This created interest in the public, and thus created more demand. The 

number of users, engagement, and feel in each Discord server would give 

you a very good idea of how well a certain collection would fare after the 

presale on the secondary markets. I’ll go through two examples with my 

own analysis and thoughts. One will be a drop that has already happened, 

one will be a drop that has yet to happen. If you are interested in watching 

me mint NFTs check out my Youtube channel. 

Examples 

1. Pudgy Penguins (8888 Supply @ 0.03 ETH Mint) 

These cute little penguins would be something I genuinely would buy, 

considering the NFT market is starting to heat up. I’ll only mint one. I only 

24 


purchase or ape into projects/collections that I am 100% confident in. If I 

have any doubts I’d rather not take the financial risk, as there is enough risk 

as it is. Even if a project I’m in does flop, I’m happy to hold onto some art 

that I really like for a long time. Remember CryptoPunks is only 4 years old, 

and some are sold for millions already. 

Imagine you owned some NFTs from right now. Where NFTs are brand new, 

30 years down the line if you picked the right collections could your NFT be 

the next CryptoPunk? Who knows. Finding projects that stick around, can 

be done by choosing the right tribe and community to be in. These cutelooking 

penguins sold out in under 19 minutes. A total of 8888 NFTs in the 

collection @ 0.03 ETH mint price. 

Analyzing the figures, we can look at the Twitter profile of the Pudgy 

Penguins. Around 1.9k followers on Twitter. These numbers are extremely 

important, as they will correlate with the number of people interested, and 

therefore demand. Second, looking at the Discord server. There are 2033 

users that joined in total at the time of the drop. 

Between these figures and the fact that 8888 were sold within 20 minutes, 

we can take this as an example of how the current NFT project sales are 

acting in the metaverse. 8888 x 0.03 ETH = 266.64 ETH = $584,378.89 USD 

in 20 minutes by 2k users in a fairly successful launch. 

266.64/2000 = 0.133 ETH = $275.78USD. That means for every user in the 

collection, the average purchase power was 0.133 ETH per person, from 

the discord user to the total amount of ETH spent on this particular project. 

This will give us a rough outline or base of what to expect in future 

upcoming projects. The chat within the Discord server looks organic and 

not dead which is what a normal project looks like, therefore it’s realistic. 

Immediately, after the drop @ 0.03 ETH mint price the average sales on

the secondary market is @ 0.055 ETH, that’s almost a 2x ROI within a few 

minutes. Just for waiting for a drop, paying some gas fees. Imagine doing 

this on a bigger scale. 

2. The Vogu Collection (7777 Supply @ 0.077 ETH Mint) 

The Vogu features a 

7777 supply of a roboticthemed 

NFT collection, 

with a large interactive 

community. Before the 

drop, which is on Monday, 

July 26th, 5:00 pm PDT 

2021 there’s already so 

much engagement within 

the community. The team 

has generated a large 

following by hosting and 

joining interviews across 

all social media and the 

vision is something I am 

looking for before investing 

in an NFT collection. 

Many projects have a 

“roadmap” that only 

happens throughout the sale, usually looking something like this: 25% 

sold = 1 ETH giveaway, 50% sold = free airdrop, 100% sold = lofi Youtube 

channel. What the hell is that? The team will just abandon the project and 

move to the next best thing they do. Creating a short-term pump and dump 

NFT project. The Vogu has a total number of 4664 Twitter followers at the 

time of writing. 

Looking through their Discord server, there are 4325 users in total and 

counting before the drop at the time of writing. 

I am only using the average purchase power per user rather than the 

amount of NFTs per collection over the number of users because user 

counts, number of NFTs per collection, and mint price are all variables. The 

only factor we can assume is the average purchase price per user from a 

successful project. 

Compared to the previous Pudgy Penguins project, the average purchase 

power of 0.133 ETH is $275.78 USD per person this means 4325 x 0.133 

= 575.225 ETH can be spent by all the users. But. Is there enough to go 

around? The total 7777 x 0.077 ETH mint price =598.829 which is great for 

any whales as there is space for an extra 20 ETH worth of stock. There’s 

the other factor with the amount of NFTs in the collection vs. the number

of users. 7777 / 4325 = 1.9 ~ just less than 2 NFTs per user. I estimate 

that 20% of the total users will be minting the moment the minting function 

comes live, 80% coming through the next couple of minutes. Though as 

user numbers grow, I expect the average NFT per user will be closer to 1. 

I personally am scared of missing out on this project so, during the time 

when I mint, I’ll be setting my gwei over both normal and fast in order not to 

get slaughtered in the gas war between other minters. The average amount 

of people within the discord probably are buying < 2 as they truly like the 

project, as do I. Some people can therefore utilise this demand in order to 

make a profit. Sometimes in large amounts. 

Vogu has differentiated itself from the typical animal/creature NFT collection 

in two ways. Aesthetics and vision. Aesthetically it is very different from 

anything else on the market, and this is how the CryptoPunks, Bored Ape 

Yacht Club have done, with a plethora of knock-off projects for people who 

did not get into the right one. Not many have a robot that is ripe for a PFP. 

Do not underestimate the power of aesthetics on pricing in the NFT world, it 

makes a difference in price. The team specifically wants to create IP which 

creates value for the NFT you hold. This is the next wave of NFTs in my 

opinion, to be able to find the first movers of collections that focus more on 

IP than just a quick money grab. Follow me on my journey in the Metaverse. 

Conclusion 

Analyzing hype value on NFTs is an important factor when choosing a 

collection you want to have, apart from hype focus on the community and 

the team. Remember, dead Discord engagement = dead projects. 

While you are looking around why not check out our Youtube Channel NFT 

Caviar for some free content? Make sure to subscribe and to be notified 

for each video upload! You can also follow me on Twitter @HuhaoNFT for 

updates in the NFT metaverse. 

Oh yeah, we like NFTs.

SOLANALYSIS 7D volume 

28 


TRANSACTIONS / NFT HODL 

The Astronaut @thexastronaut 


@BBluelephant 

30 


Holaplex 

@DCodedNFT 


MOVERS / VOLUME 

SolsWatch 

32 


Solana Bunny Business

PROBABLY 

Jeff Opdyke @DigitalRoamad 

I will declare here that the GenesysGO Shadowy Super Coder NFT is going 

to go down as a legendary investment. At bare minimum, I see it spinning 

off about $4,100 per month, starting Jan. 4. 

The problem, however, is this: Too many former SSC NFT holders do not 

understand what happened in the Town Hall yesterday (14 Dec) and rushed 

for the exits. 

Brief aside: You know those stories of lottery winners who lose their $1 

million winning ticket, and then beat themselves up thinking about what 

could’ve been? 

Brief aside over… The GenesysGO team held its third Town Hall with more 

than 450 members of the Shadow DAO. These are the immediate highlights 

you need to know if you’re an SSC NFT owner, or you’re thinking of investing 

in one … or if you’re one of those who have an SSC listed right now… 

•GenesysGO has set the IDO date for its $SHDW token. It will happen 

Jan. 3 — 8am Central Time, US. (2pm UTC). 

•IDO price is $0.50. 

nothing 

•GenesysGO has tweaked its previous token distribution model to 

create a unique system based on daily vesting, in which each NFT will 

spin out 27.39726 $SHDW tokens per day, every day, for a full year. 

•GenesysGO — and this is most important — is expanding its mission 

beyond Remote Procedure Call serves (a commodity) to on-chain 

storage built directly into the SOL network (a premium service). The 

$SHDW token, thus, becomes a true utility token that will serve as the 

payment mechanism for storage needs. This becomes the revenue 

stream — and it’s potentially huge. 

I will address key elements of those bullet points in a moment. But first, a 

crucial public service announcement: Despite all the angst I’ve seen in the 

GenesysGO Discord server, what GenesysGO is doing is hugely beneficial 

to NFT holders. It’s going to: 

•Protect the tokens from the typical post-IDO dump that ALWAYS 

happens. 

•Maintain value of the NFT itself, post-IDO (a big concern many 

people had). 

•Give NFT owners far greater flexibility than they had under the 

previous IDO distribution model. 

34 


I point out those facts because some 

people in the wake of the Town Hall freaked 

out, got mad, got frustrated, thought they 

saw their plans for immediate IDO riches 

vanish and, so, in what I will describe as an 

emotional tizzy they immediately dumped 

their NFT. I know this because the floor for 

SSCs on Magic Eden fell to 20 SOL from 

42 just prior to the Town Hall (if only I’d 

been awake…) 

The floor has since bounced back to 30. 

SSC sellers have willingly traded the filet 

mignon and a bottle of Chateau Le Pin they 

could have had tomorrow, for a Chicken 

McNuggets Happy Meal with a flat Sprite 

today. 

Another brief aside: In the year 2000, John 

Antioco, head of Blockbuster, could have 

bought Netflix for $50 million. He literally 

laughed out of the room a company now 

worth $264 billion — a 5,280x winner. Go 

read John Antioco’s Wikipedia page. He’s 

best known for the stupidest decision 

of his life, and one of the epic failures in 

American business. 

Now, let’s run through the more-important 

elements of those four bullet points so 

that you have a clearer understanding of 

what GenesysGO is up to. 

On-Chain Storage 

Frankly, this is by far the most important 

reveal in yesterday’s Town Hall. 

GenesysGO will expand its mission to 

basically become a storage system 

embedded into the Solana blockchain. 

It won’t be a layer sitting atop the chain 

or riding parallel to the chain, like other 

storage providers. It will be part of the 

chain itself. 

That has substantial benefits to 

GenesysGO in that it becomes a necessary 

service provider for basically every 

project building on Solana. 

Just this week, Solana’s network 

slowed so dramatically that 

transactions were failing everywhere. 

A network capable of running 65,000 

transactions per second was down to 

1,000 at some moments. 

Part of the reason for the turtle-like 

pace: Bots, and a bug in the “Feeder 

Queue,” which stacks transactions 

in line as they wait for validators to 

become available, wreak havoc on the 

network during moments of stress. 

Data storage — meaning the immutable 

record of all Solana transactions — is 

currently stored on RPC servers (often 

temporarily before being overwritten) 

and on what is effectively a giant 

spreadsheet on Google Big Table 

Storage. The integrity of data recall, 

necessary meaning that immutable 

record, is in question and is technically 

mutable. 

In short, Solana’s consensus 

mechanism is not as secure as it 

needs to be in order to scale to the size 

Solana envisions for itself. Without 

the immutable record of transactions 

and the capacity to have data-demand 

scale with the network … Solana will 

never achieve its big-boy dreams. (To 

be clear, that’s coming from someone 

who is a huge fan of SOL.) 

GenesysGO now aims to tackle 

that problem by building on-chain, 

immutable storage that runs at speed 

alongside Solana. 

The effect is symbiotic: GenesysGO 

gives Solana the “hard drive” it needs 

for the rapidly accelerating data 

demands placed on the rapidly growing

SOL network, and in turn, Solana’s ability to scale means GenesysGO rides 

shotgun with that growth. 

And here’s the benefit for hodlers of the SSC NFT: $SHDW tokens will be 

required for storage demand. A utility token. 

Instead of using $SHDW as ETH-like gas to afford the storage transactions, 

the token will be staked in large quantities (think: collateral) so that a 

storage user can maintain storage access. 

The way I see it, that creates a certain price stability since so many tokens 

will effectively be pledged as collateral. It takes those tokens out of daily 

circulation. 

Daily Vesting 

This seems to be where a lot of people got confused and flustered. 

Or angry. 

Originally, GenesysGO was going to allow NFT holders the option to sell into 

the IDO some of the 10,000 $SHDW tokens awarded to each NFT holder. 

But here’s the crucial point to remember: Those who might have opted for 

that path would have been locked into the IDO price. That is an important 

distinction I will return to in just a moment. 

Under this new plan, SSC NFTs will be staked in a smart contract, and each 

NFT will distribute 27.39726 $SHDW tokens per day for 365 days. 

Owners can claim those tokens every day, then turn around and sell them 

into the market at the prevailing price. Or they can hold onto them. Markets 

will include major Solana network exchanges such as Orca, Symmetry, 

Raydium, and Dex Labs among others. 

What this means is that an SSC NFT is basically an annuity contract that 

pays its owner daily for a full year. 

And the law of averages says you’re very likely to see a higher return this 

way. It’s dollar-cost-averaging in reverse. One day you sell at $2.32, one day 

at $3.28, another day at $4.07, etc. Over the course of all your sales, you will 

have likely earned more than had you sold all at one price from the get-go. 

But for someone who demands liquidity, an SSC owner has the flexibility to 

pull their NFT out of the contract and sell it on the secondary market at any 

point along the way. 

All the remaining daily payouts go to the buyer. Which means that post- 

IDO the NFT maintains value. In fact, it might be worth even more than the 

assumed daily payouts. 

Here’s what I mean. Let’s assume that $SHDW is trading at $2 per token, 

just to pick a number. And let’s assume an owner sells it with exactly 10 

36 


months’ worth of daily payouts remaining: 

•The NFT is spinning out $54.79 per day. 

•Or $16,438.35 over the next 10 months. 

An owner could very well list that NFT at $20,000, which would imply an 

expected $SHDW price of $2.433 per token. As the price of $SHDW rises, 

you’re very likely to see buyers snap up the NFT because they’ll have 

expectations that the $SHDW price will go higher than $2.433 and that 

they’ll make good money holding the asset. 

It’s literally no different than the reason investors pay up to own Tesla or 

Amazon or Apple: They’re willing to pay a high price now on expectations 

that the company’s earnings will drive the share price even higher. The SSC 

NFT is something like a crypto version of that. 

Better still, each NFT is packaged with a bonus: Stake the NFT for a year, 

and you earn 3,000 bonus tokens, a 30% bump. Those tokens travel with the 

NFT. So, if an owner sells before the 12-month holding period has expired, 

well that bonus travels with the NFT, helping the NFT maintain even more 

value since the seller would obviously calculate into the NFT price the value 

of those 3,000 tokens that will land in the new owner’s wallet at some point. 

(NOTE: To clarify confusion: Each NFT will pay out the 3,000-token bonus to 

whoever stakes it for a full year.) 

Now, back to the idea that some people are miffed that they don’t have X 

number of tokens to sell in the IDO and pocket gazillions of dollars. 

That was never going to happen! 

Under the previous plan, NFT owners who opted to sell into the IDO would 

have been selling at the IDO price — not the price to which $SHDW might 

spike. If the IDO launched, for example, at $0.50, and an owner was selling 

5,000 tokens of their 10,000-token allotment, then they’d walk away with 

$2,500, even if $SHDW immediately spiked to $20 per token. 

With daily vesting, an NFT owner actually benefits from that spike since 

they will have tokens immediately available every single day to sell into 

whatever price they’re comfortable with … or they can hold those tokens for 

even higher prices later, if they expect that. 

Moreover, those who want to sell their daily $SHDW emission will benefit 

from daily vesting because of the limited supply of tokens on the market. 

In most IDOs, there’s a brief flash higher, and then suddenly a tanking as all 

the gazillions of tokens flood in. But with daily vesting, there is no flood of 

tokens. 

The IDO is 30 million tokens. The daily vesting emission is 273,972 based 


on the 10,000 NFTs that exist. That’s 

not even 1% of the 30 million initial 

supply. And there’s an extremely 

high likelihood that only a fraction of 

those 273,972 tokens will end up on 

the market since there are so many 

$SHDW hodlers who are not going 

to part with their tokens (me being 

one with the 3.5 Shadowy Super 

Coders I currently own). 

Taken as a whole, this approach 

to the $SHDW IDO limits the ability 

of whales to dump a boatload of 

tokens immediately, which would 

undermine the price. And it’s giving 

us, SSC owners, a huge amount of 

flexibility to sell tokens daily, hodl, 

or even completely pull an NFT out 

of the smart contract and sell it on 

a secondary market, knowing that 

the NFT has a ton of residual value 

based on the remaining vesting 

payments and the 3,000-token 

sweetener. 

What Might All of This Look Like? 

Let’s consider a post-IDO $SHDW 

token relative to Filecoin and 

Arweave, two of the primary storage 

firms now. Neither can scale with 

Solana and neither is built into the 

network itself. But they’re excellent 

comparisons because of the 

business they’re in. 

At Filecoin’s market cap of $5 billion, 

$SHDW is a $25 coin. 

At Arweave’s valuation of roughly $2 

billion, $SHDW is a $10 coin. 

Frankly, I think $SHDW achieves 

a $10 billion valuation ultimately 

because as a storage arrangement 

running inside the SOL blockchain 

itself, $SHDW has a superior, cleaner, 

more elegant solution that literally 

scales right alongside Solana. 

That’s a $50 price tag on $SHDW. 

But let’s just stay conservative and 

stick with $10 to $25. That means 

one SSC NFT will spin out between 

$274 and $685 per day. 

PER. DAY. 

Let’s be even more conservative. 

Let’s say $SHDW is a $5 token (a 

fully diluted market cap of just $1 

billion; a top-90 crypto). 

That’s $137 per day or more than 

$4,100 per month. That’s an annual 

salary for a boatload of people — 

and more than an annual salary in 

many parts of the world. 

For those who see what GenesysGO 

is doing, you will reflexively 

understand why an SSC at 30 SOL 

— or even 50 SOL — is dirt cheap 

relative to the value that will be 

unleashed over the next year. 

Seriously, if you think $SHDW at $5 

per token is a legit price, then an 

SSC is worth nearly 300 SOL right 

now, using a $170 SOL price. At 30 

SOL, the market is valuing $SHDW 

at $0.52 per token, basically its IDO 

price. And to think $SHDW is worth 

just $0.52, given the role it’s going 

to play in helping Solana scale, 

is akin to John Antioco’s Netflix 

miscalculation. 

For those who can’t get past not 

having immediate access to some 

portion of 10,000 tokens you can 

sell at IDO for $0.50 each and 

pocket a whopping $2,500 or so … 

I’ll be waiting for you at Magic Eden. 

38 



@kidonthephoenix 

40 


@33CALICO 


@itslordof 

42 


@genenft 


@pupeilustra

@FLG_Art

@Chaboola 

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