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MANTRA $330M OM Airdrop | Cosmos ATOM New Roadmap | Axelar, Story, Babylon, Akash Network

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Cryptocito | Daily Cosmos Crypto & Airdrops ⚛️

17 days ago

Score: 525

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

Cosmos Ecosystem Overview & Roadmap

The video provides an overview of recent developments within the Cosmos ecosystem, highlighting its focus on sovereignty and interoperability. Key updates include a new marketing director for Cosmoverse 2025 (location and dates to be announced soon), and an outline of the Cosmos Hub's roadmap emphasizing it becoming a trade center with IBC Eureka enabling interoperability with Ethereum, Solana, and other networks within the next 30 days. The video emphasizes a return to fundamental value in Cosmos projects despite current market volatility.

Mantra $OM Airdrop

  • Project Description: Mantra is a Cosmos-based app chain focused on real estate markets, particularly in Dubai.
  • Airdrop Details: A significant airdrop of 50 million $OM tokens (now valued at over $330M) will begin distribution two days from the video’s recording date. Approximately 10% of each viewer's allocated share will be distributed to their wallets.
  • Eligibility & Participation: Some users were filtered out due to Sybil farming, potentially impacting eligibility. Holders of OMIS (Mantra NFT collection) may also receive an airdrop; staking OMIS on Dowdow is recommended for potential rewards. The video creator received an allocation and encourages viewers to check their eligibility via the provided link: https://checker.mantra.zone/
  • Tokenomics: The $OM token accrues value due to its utility within the Mantra ecosystem.

dYdX (DYDX) & Cosmos Integration

  • Project Description: dYdX is a decentralized exchange (DEX) that has migrated from Ethereum to a Cosmos-based Layer 1 blockchain (Strognet).
  • Cosmos Connection: dYdX’s move to Cosmos strengthens the "app chain thesis" and aligns with Cosmos' interoperability goals.
  • Roadmap: dYdX plans improvements including faster deposits/withdrawals (under one minute), a new mobile interface, web front-end enhancements, and integration with IBC Eureka.
  • Tokenomics: dYdX has a buyback program using treasury funds ($9 million annually) to reduce circulating supply.

Noble & USDN Stablecoin

  • Project Description: Noble is a Cosmos app chain specializing in real-world asset (RWA) tokenization, specifically focused on financial assets and stablecoins.
  • Token Utility: USDN, Noble’s native stablecoin, is minted by depositing USDC and earns yield backed by treasury bills.
  • Tokenomics: Users can mint USDN with USDC; the protocol aims to launch a Native Token for governance and decentralization.

Akash Network (AKT)

  • Project Description: Akash Network is a decentralized open-source cloud computing marketplace built on Cosmos, offering cheaper alternatives to centralized providers like AWS.
  • Tokenomics/Utility: AKT serves as the native token for the network. The video creator holds a significant position in AKT and believes it’s poised for growth.

Osmosis (OSMO) & Bitcoin Integration

  • Project Description: Osmosis is a Cosmos-based decentralized exchange focused on interoperability and liquidity.
  • Bitcoin Narrative: Osmosis is actively embracing the Bitcoin narrative, acquiring BTC for its treasury and positioning itself as a hub for trading Bitcoin assets.
  • Tokenomics: 50% of OSMO transaction fees are burned, reducing supply (currently ~2.5 million tokens burned). OSMO is now listed on Coinbase for US residents.

Ethena & Initia

  • Project Description: Ethena is deploying its USD+ stablecoin protocol on Initia.
  • Initia: A Cosmos-based launchpad facilitating the deployment of new projects and rollups, including LazyChain.
  • Token Utility: USD+ aims to provide a decentralized and capital-efficient savings protocol.

Lazychain

  • Project Description: Launching on Initia, with potential for a token distribution to Celestia Sloth holders. Details are scarce but it is positioned as a chain geared towards those who "love sleeping."

Axelar (AXL) Funding Round

  • Project Description: Axelar is a decentralized network providing interoperability infrastructure connecting multiple blockchains.
  • Funding: Axelar has secured a $30 million funding round, demonstrating continued investment and growth in the project. The creator holds AXL as an early investor.

Transcript

dobro jutro and dober dan tomorrow we're going to reveal the location and dates for cosmoverse 2025 that much i can tell you it is going to be the most inclusive and accessible cosmoverse that we have ever done so make sure to follow cosmoverse hq on twitter to not miss out on that announcement and in that context i'm also very proud to announce that rob stack has joined cosmoverse as the new marketing director rob was leading marketing at the entertain foundation prior to the acquisition and now joins cosmoverse to lead marketing with us and i think rob is going to have a big impact this year to shape the narrative to also drive and coordinate marketing efforts not just within cosmoverse but also with all the teams and the general messaging for cosmoverse this year i've been knowing rob for a very long time he's a very high integrity person a very dedicated passionate cosmonaut and i'm very very proud that he chose to work with me and the team here at cosmoverse again subscribe to our newsletter to not miss out to be notified also when early bird tickets will go live because they will go live very very soon just literally in a couple weeks so you're gonna make sure to be first when that is public anyways now we have a lot to catch up on it's been a while since the last video the market's been shaky been um yeah going down a lot and people are just exiting frustrated left and right but you also have to look at what is happening behind the scenes and what is happening behind the scenes is not only that us politics is aggressively promoting shilling and getting their stakes in crypto with one of the rumors being that trump is going to acquire a stake in binance us following also the announcement that abu dhabi has invested two billion dollars into binance which is the single largest crypto investment in history two billion dollars with a b that was invested into binance and i have could share a long long list of things that happened in the past weeks but then this video would be crazy long and i want to stick to the core which is that this youtube channel is focused on the cosmos ecosystem the same philosophy that cosmos as a technology stack has which is all about sovereignty and interoperability we at crypto c2 and the c2 zone are specialized on cosmos we're app specific to cosmos in that sense but we're still interoperability with the rest of crypto and looking into the price moments for the cosmos ecosystem today we can see mantra up four percent six dollars sixty three which means the 50 million ohm airdrop is now worth more than 330 million us dollars and the distribution is going to start two days from now so in two days we're going to get 10 of our own airdrop allocation distributed to our wallets also at home showing relative strength while bitcoin went to eighty to eighty three thousand dollars altcoins also dumped but not as crazy and we're now seeing a little bit of recovery here and there with atom also being one of the largest gainers yesterday bouncing back now at 4.65 which is still crazy low levels nothing to take victory laps for ti 361 say at 20 cents asi 52 cents dydx 64 cents so still crazy crazy discounts here and as always we never know how long this sideways and chopping around is going on but me personally as a permable and mid-curve content creator dedicated and truly convinced of cosmos and the app chain thesis all around sovereignty and interoperability i believe that sooner or later the market is going to shift and we're returning to fundamentals we're going back to where all these bullish developments the ux improvements the liquidity improvements all these onboarding rails um everything right the tech has has massively improved over the past three four years eventually this is going to get priced in on the charts and we're at a point in the market right now where no matter how bullish or positive news are coming out it is not pricing in on the charts it's not sticky right it just vanishes it just goes away it just doesn't even move the markets at all right especially when it comes to fundamentals but i believe that we are sooner or later returning to fundamentals as we always do and then cosmos is going to be here to absorb a lot of that value because cosmos is one of the if not the most innovative technologies in all of crypto and you can see by the growth of the interchain from multi-billion dollar chains that are now in the top 20 top 30 like mantra chronos and even upcoming ones like nillion like initia that is coming very soon babalon as well i think cosmos is going to do very well and i also think that a cosmos have an atom is going to do really well right it's been a very very volatile roller coaster over the past years ever since i got into cosmos around four years ago and been really really deep cosmos since then and there were many different directions many iterations of the cosmos hub what it is what it does what the roadmap would be different teams that were in charge or at least core contributors now we have interchain labs which is basically the operational arm of the interchain foundation that is at the steering wheel not only for the cosmos core tech stack including the sdk ibc and other parts of the stack but also the cosmos hub and atom roadmap and they have actually shared this article here the vision for the cosmos hub which basically outlines the hub as an interoperability powerhouse with the launch of ibc eureka going to play a major role in that and ibc eureka is scheduled to launch within the next 30 days so very very soon maybe even faster than that and it's going to enable interoperability with ethereum and eventually also with solana and other high volume networks out there so this is going to be a core value proposition for the cosmos hub moving forward which also puts it into the category of you know the axelars and the unions of the world which i'm sure there's going to be competition there i'm also sure there's going to be synergies there at least that's what i'm hoping for but a cosmos hub will offer this service to the interchain as a true interchain service provider which is how i see the cosmos hub as well and liquidity security are other product verticals that a cosmos hub eventually is also going to expand on anyways this blog post is outlining the value propositioning for the cosmos hub and mac who is the co-ceo um also shared that the tldr is the cosmos hub will be the trade center of crypto and ibc eureka makes this a reality by turning the hub into an interoperability router also ethan buckman co-founder of cosmos alongside jay kwan saying port city is back lfg and the term port city is also mentioned in that blog post so we're basically going back to the roots back to square one making the hub a true hub an interoperability hub that also accrues value for atom which has always been the point of criticism for anyone and held everyone back to invest into atom because it would not accrue value or yeah grow with the adoption and rise of ibc but that is now going to change at least that's the roadmap and i think that is very very exciting and at the c2zone cosmos media hub we also shared a recap a tldr of that whole blog post in three points number one ibc v2 a revamped version of ibc connecting to ethereum first sun solana l2s and then pretty much everything else ibc eureka the service lay on top of ibc v2 which scales by offering the hub as a router also simpler one click asset routing to any chain it's much cheaper actually six x cheaper than any other chain it is built around native interoperability much faster because cosmos offers instant finality no integration overhead and lastly the cosmos hub will be positioned as a coordination layer and router as a port city offering security and other services to the interchain and eureka will be the first of many hub-powered coordination services so that sounds very very bullish to be honest with you and i also think that this alongside coordinated bd marketing narrative content efforts is going to inaugurate a new era for the cosmos hub atom and the cosmos brand as a whole other teams are also taking note of that and icl industry labs is actively working with those teams such as dydx for example perpstex powerhouse that migrated from ethereum to strognet to launch its own cosmos l1 proving the app chain thesis was right all along and chris cmo at dydx that are also media partners at the c2 zone by the way um he shared that the more i learn about ibc eureka the more i am convinced that it's a paradigm shift for asset and user onboarding of cosmos chains which is very very true and i think seeing dydx basically bull posting cosmos is something that we could have only dreamed about one or two years ago right so that's very bullish then we also have another big launch that happened last week usdn the nature stable coin of noble which is a cosmos app chain for real world assets started off with stable clients so it's more focused on financial assets um versus mantra for example it is also heavily focused on the real estate market here in dubai for example so we'll also have a lot of different flavors in the rwa sector noble is specialized on stable coins and they have now launched their own stable coin in collaboration with m0 and this thing already has 31.7 million dollars minted right and the way you can do this right now is you bring your usdc you mint usdn with it and then usdn is a yield bearing treasury backed treasury bills backed stable coin that you can then use to actually also farm points we're going to show you that in a second but noble one of the largest gain also when it comes to chain inflows 21 million you can see the largest one has actually been bear chain 51 million wealth has some news around that which is very refreshing to see someone from my team at the citozone actually made a tutorial on how you can do what i just described to mint your usdn deposit them here and earn noble points which also means that very very likely there will be a noble token a native token noble has been on mainnet for a very long time like a year year and a half maybe even longer than that we succeeded with one of the validators but there's basically no incentive for it right there's no token which means there's no rewards there's no sticking rewards but a noble token launch would fix the economics while also decentralizing the chain because right now noble is a proof of authority chain a permission chain basically and with the token launch and opening up also the validator side more i think this will be a lot more decentralized and what's also very good to see is that you can do that directly in kepler wallet so that's what i meant earlier also in the intro is that the ux and the technology behind the scenes right has improved so much in recent months alone but in the past two or three years while the prices have gone down 80 90 percent but if you look at things like this right where kepler is integrated usdn and you can just start earning with a few clicks no log ups real-time accrued rewards simple and easy all about simplicity right kepler wallet doing big big steps here as well when it also comes to the mobile experience when it also comes to the general ux experience for the kepler wallet i think there's been so much progress in the cosmos ecosystem and this is just one wallet right we also have leap wallet we have other wallets as well that have great ux that are also now in steam competition as well so i think cosmos is going to do extremely extremely well and eventually this will also reflect on the charts and things like that really really matter right those things really really matter but as greg was the founder of akash network also points out the macroeconomic situation is horrible the market's in a bad shape tesla is down 40 percent everything is really really bad and akash network is also a textbook cosmos app chain full-on sovereignty but also interoperable with the rest of the ecosystem proudly representing cosmos since four years or even five years since they're on mainnet um akash one of the og chains one of the largest positions in my portfolio that is currently at around 1.30 1.50 but i think this thing eventually is going to have um yeah a huge huge run and will be in the top 30 top 20 maybe even in a similar fashion how mantra went on a crazy run to the top 20 i believe that akash network is well positioned and primed to follow a similar trajectory basically anyways that's just my personal views obviously akt and every other coin can always go to zero just like that this is crypto extremely volatile and risky now if we zoom out a little bit besides the technical roadmap all this excitement and all these different sovereign cosmos chains and the cosmos have having a new vision i think we're observing a vibe shift in cosmos also because of barry and mac right barry is the other ceo so mac and barry are both co-ceos previously also both founders at skip protocol which then got acquired and are now in charge of interchange labs and they're also just bull posting like crazy which is very very refreshing and has been overdue in cosmos since many many years very thing solana community fighting about inflation which sounds very familiar if you're a cosmonaut then you know if you followed any of the solana governance drama that happened over the recent weeks where i think one of the co-founders from multi-coin proposed an inflation reduction which ultimately failed but also caused a lot of discussions and infighting within the solana community right which is all part of you know natural side effect i would say of a decentralized network and decentralized governance right and i think cosmos stress tested this to the absolute extreme but other chains eventually if they want to have fully decentralized governance will have inevitably will have a similar experience to go through right because that's just how humans are um so that's solana on the other hand ethereum is also going through a lot right now when it comes to leadership when it comes to incentives a lot of discussions questioning a lot of filtering out a lot of infighting as well um under performance in the eth price all these kind of things on the other hand in cosmos we went through all this like absolute crazy on absolute steroids so i think everyone in cosmos that is still standing today i think is already numb to this level of infighting and all those kind of things and we're now probably past that moment we moved on now and we are in our lane and all the contributors and builders are shipping good defi products we have a lot of new chains that are coming many of which also now starting to proudly represent cosmos because the cosmos vibes are actually improving a lot and we now have new leadership in play that is ambitious that is passionate that is smart that is well respected that is product oriented ux oriented and also engages and interacts with the communities and it all basically comes down to this which is that a new cosmos roadmap is very very simple three points number one reduce cost and time to launch and operate your cosmos layer one blockchain number two make it easy to onboard users and capital kill solana distribution number three turn the cosmos hub into a real hub that is a very very solid roadmap and interchain labs is in the best spot to actually make that happen it's been a massive change we also did this announcement together with the new icl leadership back in december with mag nico berry was there as well ethan was there as well on this live stream that we did here on crypto cito um but yeah the cosmos stack is in the best place it's been in years probably the best place ever and um they're seeing unprecedented adoption obviously they know a lot more and i'm sure a lot of this stuff is also under nda when it comes to new big multi-billion dollar chains or products migrating or launching their own cosmos l1 we already know that undo is launching their cosmos chain and my thesis which also is the thesis of my fund cito ventures is that everything eventually will be cosmos-fied as soon as we talk about sovereignty interoperability and ibc connect to ibc then you're basically cosmos right that's that's how i see it right you don't have to be fully built on a cosmos sdk which is also why i personally consider baritain and movement part of cosmos because they are compatible through ibc via union and eventually also with ibc eureka so yeah that's that then also very saying then also we have babylon which is the market leader for bitcoin staking they they invented this term bitcoin staking similar to how celestial invented and coined this term modularity and they just dominate that entire category babylon dominates bitcoin staking as a category in fact i'm also going to schedule an interview with the founder of babylon david sir very very soon here on this channel so if you have questions for david please drop them under the comments we'll pick that up in the interview with david now another cosmos app chain that is well funded has a strong team has a strong product market fit real user base great ux ui and it's just innovative and has been around forever is dydx also media partners at the cito zone and dydx is one of the clients that i personally want to stack more of and they have just announced their new product roadmap which is basically a short-term roadmap in the next two months number one being in to improve indexer reliability to make sure everything is stable and performant number two improve deposits and withdrawals down from 20 minutes to less than one minute also new mobile interface which is very very important for traders these days then also web front-end improvements faster front-end new order types feature parity also very important improved transparency when it comes to their communications with more frequent um yeah reports sharing on a weekly and bi-weekly basis and then on a medium term plan they are also mentioning ibc eureka here big time right you sort of see more chris posting about it and ibc eureka potentially is going to also unlock a lot of interesting use cases and improvements for dydx which is good to see and also closer alliance dydx with cosmos which i hope they eventually also will more proudly and openly represent cosmos the fact that we have this media partnership with the cito zone the fact that they have been larger sponsors last year at cosmos and the year before as well the past two years um clearly shows that there is alignment also they're sharing here that they have plenty of runway 150 million dollars at dydx labs and hundreds of millions more in the dow they have a seven plus year history and will continue to be here for the long term also remember that david sex the crypto czar and um ai czar of the u.s government is actually an early investor into dydx and dydx labs is also based out of the us they also have a new trading campaign going on a trading rewards program basically where you can earn rewards for trading if you want to have 50 discount on your trading fees then you can also use the vip affiliate link down below then also something that is very interesting and not at all pricing in and reflecting on the charts is the fact that dydx has implemented a buyback program so they have implemented an on-chain buyback program with the sub-dow the treasury sub-dow which currently accrues to i think nine million dollars a year so 2025 nine million dollars worth of dydx would be bought back which i think is very important to at least be aware of but anyways that's enough about dydx now moving over to osmosis or bitmosis because they're now heavily leaning into the bitcoin narrative and also osmosis itself is accruing bitcoin on a daily and monthly basis they're acquiring btc for the treasury they're stacking sets while also trying to become the best place to trade these assets referring to the ones that barry shared in this new bitcoin ecosystem that is now emerging and being established in cosmos babylon taking the lead here with their six billion tvl that is now being unleashed in cosmos also remember that osmosis has a burn mechanism that is actually quite aggressively burning osmo 50 of osmo tokens collected via the taker fees are burned forever which already accrued to 2.5 million osmo tokens so far and the osmo token also just got listed and made available to new york residents on coinbase which is also good and improves the liquidity rails and just overall visibility and credibility for osmosis and now before we get to the main news for today also some exciting news about initia they've announced that atina is going to deploy usde on initia which is very very exciting and very bullish initia is going to launch with multiple rollups from the get-go including also milky way liquid sticking provider where you can also earn um yeah points right now um also droplet points at the same time i shared this in the previous video that's one of the strategies i've deployed a couple weeks ago to farm the droplet airdrop and also the milky way airdrop and i'm also invested with c2 ventures into milky way we also have another big announcement regarding initia which is the fact that lazy chain is going to deploy on initia as well so lazy chain is going to be a rollup i guess there will be a token for it and i guess that celestine sloth holders will get that token so this is the sloth chain if you're lazy if you love sleeping that this chain is for you i know i will be here and excited to see where lazy chain is going now going over to mantra which is probably going to get a lot of controversy this week but also yeah a lot of happy faces because this is one of the biggest airdrops in cosmos history i guess mantra 6.62 which means the 50 million ohms that will be distributed accrue to more than 330 million dollars and the chain is live you can stake 5.76 apr let me know if you're eligible for the airdrop and what your game plan is because you're going to get 10 of your allocation that you can check there is an airdrop checker right now that was updated after the sybil farmers have been um have been filtered out right and there has been some controversy exactly around that because a lot of people that were active on testnet and active on i think the galaxy campaign or something like that apparently are not eligible anymore i'm not here to defend either way i'm just a messenger of that information um there might be some instances where legit people were filtered out maybe not um i think the mantra team has done their best to make sure that uh those that were using bots and just trying to farm the airdrop are not going to get anything but actually to only reward loyal mantra community members um the own community and those that were actually eligible by the criteria um one of which was also now added to it which is the fact that omis will get an airdrop as well and omis is the official nft collection for the mantra community with c2 plus we also got exclusive widely slots so c2 plus members are eating extremely well with that one um because not only did they get to mint an nft that was i i think like did a 60 70 80 x um and but also they're now potentially getting an addrop for that in om so we'll see we don't know exactly yet how they will play out but what you ideally needed to do which is something we communicated with our c2 plus community while i was away is that um yeah you could stake your omis on dowdow so they have their own dow now on dowdow where you can stick your om and also vote on governance proposals one of which is also that came up yesterday that um yeah omis would receive an addrop we don't know exactly yet how much it will be but just to kind of make sure that this is happening and um i guess eventually that probably will be a dedicated allocation but then also the allocation the forfeited allocations from sybil and from um bots will be redirected towards omis at least that's what i am understanding right now but yeah let me know if you're eligible um what your plan is with the addrop i understand that people might be frustrated or just in pain because they missed out on the addrop right but if you've been an avid c2 subscriber and viewer over the past years not only did you know about mantra a very very long time ago but also about ways to maximize your eligibility for that airdrop i'm very happy with my location i didn't get filtered out by sybils i don't know anyone who got filtered out like personally so i'm not sure but i saw some comments on twitter um and yeah that's that finally quick news number one fairblock teasing an airdrop or whitelist or something for sloth holders then barachain posting barapilt kind of indicating that polymarket might actually migrate or launch on barachain as well then also story protocol now has emissions which means you are getting sticking rewards for your ip tokens if you got the airdrop then please consider staking with staxe2 we're one of the validators on story the current staking apr is actually 10.3 percent and you can also choose longer lockup periods which would increase your staking apr finally also a very surprising it might be also new round by axelar axelar announced a 30 million dollar round and i think before that they already had a decent runway but now they have an even better runway and also quality investors vcs i guess that are axelar line which means great for axelar i'm an axelar investor as well i invested into axelar in the i think series a back in 2022 or late 2021 and obviously i'm happy to see that i also think this is going to drive more competition with the cosmos hub's new roadmap um we talked about it the port city interoperability hub maybe even union right that's also launching very very soon and will potentially also have a big airdrop so i think game on very exciting to see and congrats to sergey and georgias also from the axelar team maybe it's time for another axelar interview as well let me know if that's something you would want to see and that's all for today i hope you enjoyed this episode stay tuned to more big update regarding cosmos location reveal and dates reveal again this will be the most inclusive conference we've ever done and once or tuesday we'll then see the mantra airdrop distribution that's all for today i'll see you very soon until then stay safe and be good

Video Stats

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Likes143
Comments34
Duration25:21