$ZORA Token LIVE - DO THIS NOW
Crypto with Lorenzo
3 months ago
The summaries and transcripts on this page are generated with AI technology and may not perfectly represent the content of the video. Please use the information as a guide only.
Executive Summary
Okay, here's a rundown of what's happening with the Zora token and other crypto opportunities based on the video.
The video primarily discusses the upcoming Zora token launch and airdrop, sharing a strong opinion on how to approach it (spoiler: it involves selling and shorting). It also covers updates on other potential airdrops, including a free NFT for Sonium, a paid one for Caldera, opportunities with Owlto, and news for NodePay stakers, encouraging viewers to explore these options for potential future tokens.
Here are the key takeaways and details:
Zora Token and Airdrop:
- The Zora token and airdrop are happening soon, with pre-market trading already live on exchanges like Weex.
- My plan is to sell the Zora airdrop immediately and then short the token.
- I feel the community dislikes Zora because the project "farmed" users (meaning they made users perform actions that benefited the platform over a long time without giving clear reward promises).
- The airdrop is likely to be disappointing because the tokenomics seem bad – there's a large supply (10 billion tokens), but only a small percentage (10%) is allocated to the community airdrop.
- Selling and shorting new, potentially overhyped tokens is a strategy I use, similar to how I've traded other tokens like Mint and DRB, often making profits this way.
- The price action of Mint, another token that "farmed" its community, is shown as an example of what I expect Zora to do – a significant price drop after launch.
- There isn't a claim process live yet, but the token allocation is coming very soon.
- Zora has taken its first snapshot (a record of user activity at a specific time) but hasn't taken the second one yet, meaning there might still be time for activity to count for some users depending on how the final criteria work out.
Trading Strategy on Weex Exchange:
- I trade on Weex Exchange and share my trades (profits, losses, positions) live in my Discord and Telegram groups, which you can join for free.
- The main strategy discussed is shorting tokens that the community dislikes or finds "useless," like Zora, DRB, and Mint. Shorting means betting that the price will go down.
- Weex is highlighted because it doesn't require KYC (Know Your Customer, identity verification) for many users, making it accessible in regions like the US, UK, Nigeria, South Africa, Hong Kong, and Singapore.
- There are bonuses available for new users who deposit ($30 for depositing $200 on spot, $50 for depositing $1000 in futures accounts).
Sonium Airdrop Opportunity:
- Sonium has released a new NFT that you can mint (create and claim) for free.
- This NFT is potentially a criterion for a future Sonium airdrop.
- The NFT looks like a small dog robot.
- I minted a thousand of these NFTs as it was free and could be important for the airdrop.
- The transaction fees for minting were very low (only 4 cents).
- The OpenSea link to mint this NFT will be provided (in the video description).
Owlto and Sonium Airdrop Farming:
- You can potentially farm both the Owlto and Sonium airdrops simultaneously by using Owlto's bridging service.
- Owlto has specific missions related to Sonium that, when completed, help you qualify for both airdrops – it's a "two-in-one" farming situation.
- This involves bridging assets using Owlto and potentially completing specific tasks they list for Sonium.
Caldera Airdrop Opportunity:
- There's another potential airdrop opportunity with Caldera, but this one is not free.
- To potentially qualify for the Caldera airdrop, you might need to own a specific NFT called the Caldera Crusader NFT.
- This NFT costs around $10 USD or 0.004 Ethereum at the time of recording, making it more expensive than the free Sonium NFT.
NodePay Airdrop Update:
- There's an update for NodePay stakers (those who locked up NodePay tokens for a period).
- The B1 staking period has ended, and early stakers will receive their second airdrop automatically – they don't need to claim or pay fees.
- For users who are actively using the NodePay platform (not just stakers), you can still farm the airdrop, specifically Season 2 and Season 3, which is a free-to-earn opportunity.
- I am still actively farming this airdrop by using the platform and tracking my points/earnings daily.
Transcript
Transcript
We have the wide angle camera today. I'm not going to bother you with my face. I broke my lens, so I need to go with the wide lens, but we jumped straight onto the laptop. And yes, let's take this first of the video. Zora is coming. The Zora AirJap is coming. The Zora location is coming. Everything is coming. And as we see here, we got on different exchanges, for example, on today, we will have the pre-market trading. So it's already live by the time you see this. Now, what is my plan with this one? Will I hold? Will I sell? I will personally sell it, and I will short it, just like I do over here on Wix Exchange. So come and trade with me. And why do I say this? Well, we're able to go and see here that shorting every meme coin and every project that the community hates, like Zora, community hated Zora because they've been farming the users for so long. The AirJap is going to be, in my opinion, bad because there's 10 billion supply and only 10% goes to the community. I will short it. As we see here, we are making money shorting meme coin, shorting useless position, just like DRB today. We also have Mint. We also have all of this one today, which, by the way, you can come and join me over on my Discord or on my Telegram. And I share this, everything, as we see live with the group, all the trades that I do, for example, all the pictures, all the profit, all the losses, I share it here in my group. So come and join me. These groups are free to go and join. But yeah, my opinion with Zora is that get your airdrop, sell your airdrop, because it's going to be looking like this. If we're going to look at Mint, which is another community airdrop, which has been farming the community for quite a while, this, in my opinion, is how it is going to look. Just a downfall, dreadful position to go and end up, which, if you are new and want to join, you get a $30 bonus if you deposit $200 only on spot. No need to trade, just deposit. Then if you can go and at least $1,000 in future accounts, you get $50 as well, which we got it. We got it. And we got the money. Of course, here is a trading platform. I'm no financial advisor whatsoever. I simply share with you all the things that I do on my Discord or my Telegram. You can do whatever you want. But it is nice because you got no KYC. US people, UK people, Nigeria, Africa, South Africa, Hong Kong, Singapore, wherever you're from, you can use this exchange because it doesn't require KYC. And as we said here, we shorted this. We have all the shorting on the other token as well. So come and join me. Link will be down below and also come to my Telegram and Discord. And I will be doing, as I said, the same with Zora. As of right now, there is no airdrop that you can claim, physically claim, but the allocation will come very, very soon. Next up, we have an update over on the Sonium Post Moment. Now, they have released a new, not an airdrop, but like an NFT, which potentially could be based for an airdrop as well over on Sonium. And it is free to go and mint. As we see here, I have done a minted a thousand of this one, which is basically a small robot, small dog robot, as you're able to go and see here. I have minted a thousand of them. Why not? And we see here that the transaction, they are all free to go and do. There is no fees, gas fees, transaction fees, as we see here, was only four cents. And I did go and grab it. It could be interesting for the airdrop. It could be a criteria for the airdrop. So the OpenSea link will be down below, free to go and grab it. And yes, I got a thousand of them. You don't have to get a thousand. You can get one or two. I simply have gone and just farmed a thousand. And we will see what they do. Potentially it could be an indication, potentially it could not be. But just to let you know, there is this possibility we talked about in yesterday's video about Sonium airdrop, how we're able to go and grab it, which by the way, you're able to go and farm it with, for example, Ouelto. Ouelto gives you the possibility over here, if you go to the bridging, to go and do the Sonium, the Sonium missions, which are here, if you haven't done it yet. And with this one, you're farming the Ouelto airdrop, as well as the Sonium airdrop. It is a two and one, because you are doing this, as well as if you want bridge. And Zora as well. Make sure to go and complete this. Zora has taken the first snapshot, not the second snapshot. They said that there would be two snapshots in total, but they have not taken the second. So here it's a two in one airdrop situation that you go and do. Following up, we also have the Caldera NFT, which could be interesting for you. This is more expensive than the Sonium one, for example. It is a 0.004 Ethereum, which is like $10 at time of recording this video. So up to you whether or not you want to go into it. But it could be something as we see here. If you own the Caldera Crucid NFT, you might have a strong chance to qualify for the Caldera airdrop, which will allow you to have their airdrop. Next up, we also have the airdrop from the NodePay stakers. B1 stacking has officially ended and we're awarding our earliest NodeCoin supporters. Your awards are on the way, 100% covered by us. No claim, no fees, just nothing. So you are going to get, if you are a staker of NodePay, let me know down in the comments below, you will get their second airdrop as well. And as we know here, if we go over to the NodePay page, we are still farming the airdrop. I am still currently farming the airdrop. It is a free-to-earn airdrop, especially the season 2 and the season 3. This is only for the stakers. Now, the users that utilize the platform can still go and grab it. As we see here, got a total of 600,000 earnings. And this is what I do. For example, this is the amount of token, 60,000, 70,000 points that I look at on a daily. Let me know what you think down in the comments below. I hope you enjoyed today. It was a short video. The market is crashing, but yet Zora brings our hopes up. With that said, thank you for watching and I see you tomorrow. Ciao, guys.