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Do you guys really believe that things for FTX are looking up?
FTX Accounting Fraud - In Depth Look
So what are the coins that are connected closely to Alameda and FTX?
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What is your list of 5 best "chuck $20 into this thing" altcoins/tokens? (Include Exchange / DEX Smart Chain)
Mentions
If FTX had all their customers' assets in short term T Bills then it would not have been a story. Go look at their balance sheet. Once you get past the tens of billions of dollars they had marked in SRM, FTT, MAPS (their own shitcoins with virtually infinite supply, but <1% circulating volume), you'll see the real assets they had left. Most of the stuff with real value was private equity investment in early stage startups. Not exactly something you can sell on your brokerage account.
MAPS and OXY by far. forced holding cause they're locked. Then serum and FTT not far behind (also force holding cause of ftx bankruptcy)
The company has secured $1.5 billion in cash in addition to the $1.1 billion it held on Nov. 11, and also holds $3.4 billion in crypto as valued at Aug. 31, the document said. That’s in addition to hundreds of millions of dollars worth of over 1,300 lesser known and potentially less liquid tokens such as MAPS and serum (SRM) ​ I don't think the crypto market will like this. I doubt they'll liquidate it all in one shot but they'll most likely set out a weekly/monthly timeline to liquidate the crypto assets.
There biggest holding is in SOL which is worth more than 700M USD. Followed by FTT, MAPS, OXY, WBTC, BONA. This is what has been mentioned in one of the wallets that has been linked to FTX where they has activity of movement (No Selling Yet). I'm not to sure how much more alts they currently hold right now, I think we should be finding out if this motion is really approved.
Let's look at some of their donations and see if these orgs are still around (tl;dr = they all are): >The fund's first donation was $1 million to Watsi, a charity for crowdfunding healthcare. Alive ✅ >The fund donated a total of $3 million to SENS Research Foundation, and Methuselah Foundation for development of rejuvenation therapies based on periodic repair of the cell and tissue damage that causes aging. SENS Research Foundation ✅ Methuselah Foundation ✅ >The fund made its three largest donations of $5 million each to GiveDirectly, The Open Medicine Foundation, and to MAPS. GiveDirectly ✅ The Open Medicine Foundation ✅ MAPS ✅ >The fund donated $2 million to the Organ Preservation Alliance. Organ Preservation Alliance ✅ >The fund has also donated $1 million or more to organizations such as BitGive Foundation, Internet Archive, and the Sustainable Ocean Alliance. BitGive Foundation ✅ Internet Archive ✅ Sustainable Ocean Alliance ✅
SBF listed his MAPS and SRM coins as $10B+ assets. This Justin Sun shit is bush league compared to SBF.
Anyone interested should look up and support MAPS and Rick Doblin. Psychedelics have tremendous potential for healing.
tldr; Christie's 3.0 is partnering with collectors hub 1OF1 to present Cartography of the Soul, a curated selection of over 30 digital artworks that will be auctioned off to support the Multidisciplinary Association for Psychedelic Studies (MAPS). Proceeds from the auction will be donated to further MAPS' research and public education initiatives. The auction will be exhibited in Denver, Colorado, from June 21 to 23, and select highlights will also be on display at Christie's New York from June 23 to 27. The auction exemplifies the ever-evolving landscape of the art market in the digital age. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
What about the fact that people who claim to be "MAPS" just walking around like it's the next gender movement and should be accepted... USA .. our UNITED SYSTEM OF ANARCHY
Check the bank assets mate, its there, its not in MAPS or Serum, nothing like FTX. Also Ftx's hard assets make a recovery of 25%+ possible
Look at the shitcoins they have a "surplus" of. MAPS, SRM, FIDA, MEDIA... if they think those MAPS are worth $909M wait until they go to sell them. The whole market cap is $651M currently on [coinmarketcap.com](https://coinmarketcap.com) Maybe I don't understand numbers.
How do they have 1 billion dollars worth of MAPS, while the entire market cap is only 5 million? Do they just multiply the total supply (which is way larger than the circulating supply) with the current price? The total assets of FTX should be 1.5 billion instead of 2.5.
How do they have 1 billion dollars worth of MAPS, while the entire market cap is only 5 million? Do they just multiply the total supply (which is way larger than the circulating supply) with the current price? The total assets of FTX should be 1.5 billion instead of 2.5.
He obviously misrepresented the situation to CZ. SBF was listing his illiquid shitcoins like SRM, MAPS, FTT as being $10B+ assets. SBF was saying that FTX was solvent, it was just stuck with a pile of illiquid assets. Most assumed this meant assets like his stake in RobinHood, maybe a backroom equity position in Twitter, commercial paper, locked/staked ETH. You know, assets that have an actual market. Instead he was referring to shitcoins he created that didn't even technically exist on their own blockchains. They existed purely in FTX databases. There was also a belief that the hole was mostly contained within Alameda. So the logic at the time was to let Alameda go bankrupt (Alameda is worthless anyway, just a completely failed hedge fund). FTX was a real business worth saving. Even today, I'm sure FTX the exchange has value, but the problem is that value is less than the debt it owes out to other parties.
tl;dr In July 2022, Representative Alexandria Ocasio-Cortez offered an amendment to the 2023 National Defense Authorization Act (NDAA) that would require the Department of Defense to study psilocybin, MDMA, and cannabis, as medicines for vets who have ptsd. MAPS was the first drug company to secure a BTD for MDMA, with BTC rich Pineapple Fund donating $5 million and helping raise $4 million more to support MAPS’ $26 million push. ​ So basically it's being funded by some rich bag holders.
They have a lot of SOL that went up a lot since the article was published: [https://bitcoinist.com/crypto-dump-incoming-ftx-plans-to-sell-altcoins/](https://bitcoinist.com/crypto-dump-incoming-ftx-plans-to-sell-altcoins/) *The largest crypto position, according to Grogan, is Solana (SOL), of which FTX owns more than $700 million.* *This is followed by $575 million in FTT, $371 million MAPS, $127million OXY, $90 million WBTC, $82 million BONA, and around $500 million“in other random” Solana-based (SPL) tokens.*
Pretty misleading and this is peanuts. They are still net long. [https://www.reddit.com/r/CryptoCurrency/comments/10c07u7/alameda\_liquidators\_hit\_with\_liquidation\_for/](https://www.reddit.com/r/CryptoCurrency/comments/10c07u7/alameda_liquidators_hit_with_liquidation_for/) The largest crypto position, according to Grogan, is Solana (SOL), of which FTX owns more than $700 million. This is followed by $575 million in FTT, $371 million MAPS, $127 million OXY, $90 million WBTC, $82 million BONA, and around $500 million “in other random” Solana-based (SPL) tokens.
It is valued at 0 dollars along with MAPS, OXY, SRM etc. They know these items cannot be sold.
Alt coins mentioned - SOL MAPS OXY WBTC BONA. If you hold these and don’t plan on holding long term, dump now
I just looked MAPS up, it is ranked 1123 on coinmarketcap, I'm not great at reading these things but it seems like 371 million worth of MAPS might be most of the supply? Idk how they plan on selling stuff like that lol
All the alt coins are included in the $4.6B, which may be liquid but will crash the value when they liquidate, and also include $700M in locked Solana coins. And who’s going to buy hundreds of millions of FTT coins now ? Quoted: « The largest crypto position, according to Grogan, is Solana (SOL), of which FTX owns more than $700 million. To this, however, the Coinbase director notes that most of them are locked, so he is not sure why they might have counted them. This is followed by $575 million in FTT, $371 million MAPS, $127 million OXY, $90 million WBTC, $82 million BONA, and around $500 million “in other random” Solana-based (SPL) tokens. »
“This is followed by $575 million in FTT, $371 million MAPS, $127 million OXY, $90 million WBTC, $82 million BONA, and around $500 million “in other random” Solana-based (SPL) tokens.”
Good luck to them recovering hundreds of millions from ‘MAPS’ and ‘OXY’ coin It will probably dump to zero with them recovering only 10-20% of the value or so
It mainly Solana worth $700 million, followed by $575 million in FTT, $371 million MAPS, $127 million OXY, $90 million WBTC, $82 million BONA, and around $500 million
It’s $5bil if that in shitcoins like SOL OXY MAPS FTT. customers aren’t getting shit back
Backing your crypto exchange with a steaming pile of SRM, MAPS and FTT tokens was probably the bigger mistake.
Beats the “2 Billion” in OXY, MAPS, SRM and FTT tokens lmao
All kinds of stupid shit. Even some of SBF's own projects like MAPS
This ex-employee claims he has seen the balance sheet: >\[THESE ARE NOT CONCRETE NUMBERS\] Liabilities: -8.8bn > >Liquid assets: 900m Less liquid: 2.037bn Illiquid: 3.2bn > >liquid hole: -7.9bn illiquid hole: -2.66bn [https://twitter.com/tackettzane/status/1591047749675651072#m](https://twitter.com/tackettzane/status/1591047749675651072#m) FTT, SRM, OXY, MAPS are entirely excluded from these numbers.
I mean everyone kinda knows what coins Alameda holds. That's why everyone is shorting SOL, FTT, MAPS etc
All these Sam coins are going to be worth close to nothing FTT, SOL, SRM, AVAX, MAPS etc There are more that Sam backed but it's time to exit those positions
You could buy MAPS and OXY on raydium which is solana's dex. I think you're missing the point here but I don't have the time to explain. Sam is a bad actor in the space and CZ is not. For now Binance does a great job of providing liquidity and has always done his customers right. That's all that matters whether you use a cex or not.
What meaningful project has he taken and centralized by buying up all the coins? Feel free to name it. He's not hijacking meaningful projects. He just invested in some shitcoins like anyone else. The difference is his shitcoins pumped, while Sam's, such as MAPS and OXY, did jack shit and literally just launched and fleeced money off retail.
>“The large amounts of SOL and Solana ecosystem tokens held by Alameda could get sold off in a worst-case scenario and underline the close links between FTX/Alameda and Solana,” said Riyad Carey, research analyst at crypto data firm Kaiko. >SOL is Alameda's second-largest holding, and it also holds significant amounts of SOL ecosystem tokens like MAPS and OXY, according to Carey. Looks like FTX selling large amounts of SOL to keep FTT price up, but at the end of the day it's all speculation
MAPS has been successfully accepting cryptocurrency for a year or two now. I would look to see how they’re doing it.
yeah, check out MAPS for the perfect example of a coin that works well with this approach.
Thanks, I have been trading with this method for about 3 years in crypto and 7 years in FOREX. You are absolutely right, some coins will only bounce for a day or two and then recommence their downtrend once again. I never allocate more than 5% of my stack to a single trade. And I rarely take more than 4 trades from a single day of signals. I suggested futures funding as one of the reasons to filter out some coins over others. Usually excessively short premium implies a lot of shorts (who need to buy to exit). Check MAPS and other SOL eco coins for an example of excellent buys from oversold conditions. I didn't mention exit strategies because it's a personal choice but I have already written several times about how I [exit the market using this screener](https://www.reddit.com/r/CryptoCurrency/comments/tax1vr/how_i_exit_the_crypto_markets_profitably/). I assumed (wrongfully) that people would recognize my writing from before. But yeah, trading is hard and most people here are not making money so they just want to argue about easy topics and play obscene meme games in hopes that one day they will simply get "lucky."
I get you, but lets say the individual is by chance an advocate for MAPS (Minor attracted people), publicly advocating for legalized pedophilia. My point is that people are quick to defend their definition of free speech until the values of said individual deeply clash with their own.
The only thing I invest in is MAPS the stock ticker for weed maps haha
The revolution is slowly happening. Just a shame that this incredible field of science has been set back by decades because of politics. But the good people at MAPS are helping move things forward. Meanwhile, take care!
MAPS, ZENDO, Berkley etc are dope. DanceSafe too. Ive done a lot of medical welfare at events and hosted psychedelic societies, neurological conferences, harm reduction seminars etc.
Have you heard of MAPS? I’ve worked with Zendo which is a psychedelic harm reduction camp. They are always looking for volunteers
MAPS, AUDIO, and HUM are my lucky three! Probably way off but I like the teams and the projects of each one. Blockchain development in the healthcare industry is huge!
I know no one will vote for this but I'd like you to look at MAPS. People seem to be voting for coins they already know and/or own. It'd be nice to hear about a coin outside of the top 100.
OK yeah in that case I agree. I thought you were saying that they were dumping dot which I didn't understand as it was locked away. Whereas I fully understand and agree that any project they back in polkadot in the auction will then pump and they can dump the coins if that's in their interest. They need the dot coins to do it though. So in this case VC capital should mean sustained prices at least until the end of those 48 wks and probably into the future as they access more parachain auctions and Dot projects. In terms of Sol I think I read that post before. I don't really see where it deals with how investors in sol are also invested in other Sol-reliant projects like MAPS or FTX. Doesn't this mean it makes it illogical to pump and dump as it will be detrimental to their other investments? I also noticed that it doesn't mention the NFT market, or how sol is being used to access new projects on Solana and how loads of projects are starting there. If you need sol to access those projects then that adds buying pressure to my mind not selling pressure. I do expect the price of sol to fall heavily when the end of the cycle comes just due to its massive gains but many of the VC's seem to have a vested interest in seeing it survive and prosper "long term" (for crypto at least until the next cycle) before making their returns.
Multidisciplinary Association for Psychedelic Studies (MAPS): An American nonprofit organization working to raise awareness and understanding of psychedelic substances for the treatment of anxiety, depression, trauma/PTSD, addiction, among the many benefits they bring.
What do you think of MAPS?
Maybe Akash, though that too has been wildly pumped. I actually sold out a couple days ago. Aleph.im seems pretty untouched as far as pumping goes. I'm more into distributed computing/data coins like the previous two, but one which sounds interesting that I'm not read up on is MAPS. I'm a geospatial person though, so it may be a biased interest.
I'd find a block chain you like and then a project on that. For example I got Audio (think the gains might be running out soon on that, very volatile) and MAPS on Solana. Solana has served me very well. I'm considering a project on dot, waiting on the parachain auctions. Above all buy something that, if everything crashes, you will be happy to stake for a while and hold onto. (Consider whether the exchange you buy on allows you to stake without moving it about.) Basically not shit coins or things you think might go up in price but don't actually understand/think are good projects.
OXY (oxygen) is one with businesses, has great partners but m.cap is high is not gonna hype as you can see core team has JPMorgan, GS, Bank of america Next is Bonfida, built on serum but I find it somewhat suspicious MAPS and STEP seems good one, but gotta be careful. They may go up up, or may disappear in competition with others very fast
I've just started to read about it myself, but I recommend checking out [https://maps.org/](https://maps.org/) and their work in psychedelic research. They recently published a phase 3 study on MDMA assisted therapy with really great results. They have a link to it on their website. Companies I've been looking into are for example * Numinus (they have partnered with MAPS) * Mindmed * Mydecine But yeah I haven't really done much research on these companies yet, mainly on MAPS. I recommend checking out Rick Doblin (Founder of MAPS) if you're interested, he has been on the Joe Rogan and Lex Fridman podcasts for example.
As if Jack is the sole person behind all moderation, right? Also I highly doubt that with all the trends that break laws internationally. They still allow the MAPS users to exist for whatever reason even though they don't get as much attention to their behavior as, idk, a US congressman or the president.
Jack Dorsey kicked me off Twitter for confronting ‘MAPS’ because appearently not wanting children to be raped is ‘transphobic’. So if you’re supporting Twitter, you’re supporting raping kids.
MAPS is one of these companies. They are already in phase 3 of MDMA trials for treatment of PTSD. The FDA has designated MDMA-assisted therapy for PTSD a Breakthrough Therapy, and has come to agreement with MAPS on Phase 3 protocol designs after a rigorous Special Protocol Assessment (SPA) process. Bullish https://maps.org/
I manually feed it the keywords to look for, but yeah something like MAPS would be tricky to determine
How does the algorithm differentiate between the name of the crypto and the normal usage of a word? For example, MAPS (maps.me) (Not in anyway because I own some and I've never seen anyone be positive about it)
@Jack kicked me of Twitter for confronting ‘MAPS’/pedophiles because according to him, not wanting children being raped by adults is ‘transphobic’. The only thing I’m interested in Jack Dorsey meeting face to face is the business end of a wood chipper.
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Well I’m glad someone else made a Joe coin. 100% Community driven token and throwing some money at MAPS 🍄
5 Million to MAPS brought joy to my heart...
That's very sweet, thank you! Are you involved in or do you follow MAPS?
I am keeping an eye on MAPS. It seems a bit overvalued considering only 75M/10B tokens have been distributed, but they should be releasing their wallet on the maps.me app soon (this app has had \~140 million users).
I love how there is an wlectronic record of every transaction in the world now, but nobody knows anything. Where's my money? And everyoneis like"I don't know" It should be SUPER FUCKING SIMPLE. A FUCKING TRANSATION ID THAT MAPS SOURCE AND DESTINATION. WHY DO ALL OF THESE FUCKING PLATFORMS ACT CLUELESS. EVERY FUCKING 3RD POST IN THIS FUCKING FORUM IS "My money diaappered". ELETEONIC TRANSACTION = RECORD. IT WAS PROCESSED IN AN AUTOMATED PROCESS. ANY OTHER ANSWER = FUCKING FRAUD
Pay off my debt with 10%, donate 10% to MAPS, buy some of the other top cryptos, and then take a much needed vacation.
WOOP (Woonkly Power) is totally gonna kill it in a few months, and MAPS (MAPS.ME) also once they get the whole plan rolling.
DO you know when MAPS.me will distribute the wallet? I cannot find this info anywhere...
If it goes to Binance with such a pre-sale it's gonna rocket like crazy. The volume makes all difference, there are many sleeping giants out there. Just take a look at MAPS on FTX. Maps.me hasn't given out a single wallet to use the tokens and its already up 100% and listed there and in a few crappy exchanges. When they distribute the wallets to the app owners (150m), if just 10% would but just 1 dollar of MAPS, it will spike the daily volume by 15x and start a crazy run to probably 10 bucks, and that's just to begin with. Crazy interesting moment to be alive.
I've already started donating monthly to [MAPS.org](https://MAPS.org), researching better ways to improve the mental health of all.
The live MAPS price today is $0.957052 USD with a 24-hour trading volume of $909,711 USD. MAPS is down 0.12% in the last 24 hours. The current CoinMarketCap ranking is #400, with a live market cap of $59,780,804 USD. It has a circulating supply of 62,463,518 MAPS coins and a max. supply of 10,000,000,000 MAPS coins. The top exchanges for trading in MAPS are currently FTX, Bithumb, Uniswap (V2), Gate.io, and BitMax. Maps.me 2.0 has both online and offline maps while offering DeFi functionalities to its 100M+ users. Powering Maps.me 2.0 is the MAPS token which may provide token holders with 100% of the platform’s net revenues. Token-holders using the app will also benefit from personalized promotions and rewards, likely driving adoption, retention, and virality of MAPS within the community. There are very few apps with a user base as large as ours, so Maps.me is positioned to quickly put DeFi financial services in the hands of many. Furthermore, users utilize our app throughout their entire journey/travel process: we can therefore develop a travel- and wallet-oriented ecosystem to instill new user habits with regards to, -Payments -Accommodation booking -Fund transfers -Asset management Our offered financial services are decentralized, which contrasts with the centralized nature of Robinhood (brokerage), Paypal (payments), and Revolut (fintech banking).
Well if OP's going places, OP should take some [$MAPS](https://coinmarketcap.com/currencies/maps/).