Liquidity Moves First. Narratives Follow. Political Economy of Crypto.
Weehawken, NJ
Joined April 2021
- Tweets15.7K
- Following1.4K
- Followers854
- Likes38.2K
Colonel Burr retweeted
CREDITS waking up from a nap with sales more than doubling in today’s snapshot
▷ 392 sales in 24 hours, +133.3%
▷ ETH volume +104% to 2.46Ξ (~$5,716)
For anyone looking to add a rare CREDIT, my current best-value Top 1k pick, pictured:
▷ CREDIT #89024
▷ Rarity rank #718 of 122,154
▷ 795.49 Credit Rating
▷ Listed at 0.019Ξ (~$44)
The cheapest qualifying listing in today’s scan, with nearly 796 CR
Meanwhile, another Statement was created, permanently burning 80 more CREDITS into a new artwork
That brings total CREDITS burned into Statements to 45,840, or 37.5% of the original collection
76,314 loose CREDITS remain
I love this part of the project, the original art becoming the building blocks for something new
Not financial advice
Explore my free CREDITS tools & digital collector cases to compare listings and see your collection’s rarity at a glance:
gridphantoms.app/credits
Nov 4 snapshot · 14:22 UTC
Colonel Burr retweeted
You mean to tell me the guy who:
- Created $TRUMP (exit liquidity)
- Created $MELANIA and $WLFI (exit liquidity)
- Promoted altcoins through $WLFI (exit liquidity)
- Promised a Strategic Bitcoin Reserve but delivered no meaningful new BTC purchases
Just saw his party lose both the House and Senate in the midterms, and that's somehow bearish for crypto?
Crypto hit rock bottom during the full force of the Trump administration. The only way is up.
Colonel Burr retweeted
CREDITS UPDATE & PONDERINGS
5 new Statements assembled in the past 24 hours, permanently burning another 400 CREDITS
That brings the total to 45,600 burned into Statements, 37.33% of the original supply now vanished into CMYK pixel descendants
Meanwhile:
▷ Floor: 0.0085Ξ, +23.8% 24h
▷ Total volume ~$8.4M
▷ Only 4,352 CREDITS listed
Not to sugar coat the broader reality, but amidst a massive market sell off, we have more Statements, fewer loose CREDITS & a stable floor 🤷🏻♂️
I have faith in the project & looking forward to seeing what the addition of BARS adds to the ecosystem’s mechanics ⚙️
Perhaps the wildcard would be that Jack expands the utility of $BALANCE as a broader component of the @visualizevalue universe 👀
In that scenario, undervalued CREDITS with high CR would find demand again in the pass through to STATEMENTS > BALANCE > BARS… PLUS other art / mechanics?
If BALANCE finds a meaningful place in the VV universe, then CREDITS become sort of the “genesis fountain” of that value
Just my observations & pontifications, not financial advice; always better to collect for fun than speculate
If we make a little money trading CREDITS in a bullish future, then it’s a bonus 🤝
Colonel Burr retweeted
On a momentous day for both Hyperliquid and the entire Crypto industry -
- We are reminded of how much irreversible harm and damage CZ and Binance have caused over the years:
> Manipulating markets and their own chain
> The cause of the 10/10 liquidations
>This new "Hack"
Colonel Burr retweeted
Goldman Sachs (@GoldmanSachs) recently featured the BVIV Index in a research update.
"While the GS “US Panic Index” rose at its fastest five-day pace in years and the VIX spiked on 16 October, the BVIV Index - Volmex's implied volatility index for BTC - remained relatively stable."
Read the full update on the GS Marquee platform: marquee.gs.com/s/content/mar…
Colonel Burr retweeted
215,000+ BVIV Index perpetual futures contracts (~$8.38m) traded on @HyperliquidX since launch.
Now working towards deeper liquidity. This is the next big unlock.
BVIV everywhere.
app.hyperliquid.xyz/trade/mk…
Colonel Burr retweeted
Jack butcher first token $BALANCE auction is live
fdv moved from $1.3M to $16M in less than 20mins.
how the auction works and what it means for credits
type: it's running on uniswap continous clearing auction(CCA)
how it works:
- you choose how much eth you're willing to spend and set the maximum valuation your willing to buy at
- your bids run automatically across the auctions remaining blocks(no need to keep bidding manually)
- each block releases a portion of the token supply, higher bids gets priority and everyone filled in that block pays the same clearing price
- as demand increases, clearing price can rise. if it moves above your maximum price your bids stop filling
- when the auction ends, you claim your $BALANCE tokens and any unspent eth.
the catch?
your money is generally locked while your bids remains active and getting in early doesn't guarantee a profitable entry.
how this affects credits price:
statements can be converted into $BALANCE based on their credit rating
if the auction price rises, converting statements could offer a cheaper way to get BALANCE than bidding directly
which will increase the demand for credits, since 80 credits are needed to create a statement
potentially pushing their price up
this token sale could turn out to be the biggest yet in 2026.
n/b: nothing stated above is financial advice, only research
dyor.
Colonel Burr retweeted
The biggest opportunity in $BALANCE right now: it is switching from an NFT valuation system to an ERC-20 valuation system.
Same points.
Credits market: ~$8M
ERC20 auction: approaching $20M
NFT market prices art, scarcity, and collectibility.
Token market prices narrative, community, liquidity, and growth.
@jackbutcher connected both with 1 point = 1 Balance.
Once the token market takes pricing power, the entire Credits ecosystem can reprice.
Let’s see how this Balance experiment plays out.
Colonel Burr retweeted
CREDITS DAILY • Oct 19
Less than 24 hours until the initial $BALANCE auction begins through Uniswap’s Continuous Clearing Auction (CCA) & market price discovery starts
Meanwhile, 1,136 completed sales moved 24.80Ξ while 4 new Statements burned another 320 CREDITS
▷ ESTIMATED BALANCE FDV
~$6.62M based on the lowest verified listed CR route
~$0.123 per potential BALANCE across 53.77M maximum potential supply
▷ CREDIT RATING (CR) VALUE
Best listed CR route:
Statement #49
Listing: 1.5Ξ (~$3,632)
Included CR: 28,002
Cost per 1K CR: 0.05357Ξ (~$130)
Idealized Top 80 loose-CREDIT moving basket:
2.764Ξ total (~$6.7k) for 54,356 CR
Cost per 1K CR: 0.05085Ξ (~$123)
The idealized Top 80 loose route is 5.4% more efficient per 1K CR right now
The loose route is an idealized non-atomic basket of 80 separate live listings, listings can change before execution
▷ TODAY’S FLOW
New Statements past 24HR: 4
CREDITS burned past 24HR: 320
Active Statements: 239
Total CREDITS burned: 20,320 (16.63% of original supply)
CR inside active Statements: 9,270,446 (17.24% of maximum potential BALANCE supply)
▷ BALANCE WATCH
The initial BALANCE auction is scheduled for Oct 20 at 10:20 ET through a Uniswap CCA, with proceeds intended for artwork liquidity
The announced 1 CR → 1 BALANCE conversion isn’t live yet
▷ CREDITS MARKET CONTEXT
24HR sales: 1,136
ETH volume: 24.80Ξ (~$60,052)
CREDITS floor: 0.0155Ξ (~$38)
Listed: 5,819 (5.7%)
Within 10% of floor: 72
Vs. yesterday’s report: floor -4.6%, listings -54
▷ MY LIVE TOOLS
CREDITS Market Intelligence:
gridphantoms.app/credits
CREDITS Value Finder:
gridphantoms.app/credits/val…
CREDITS Appraiser:
gridphantoms.app/credits/app…
Snapshot Oct 19, 13:22 UTC
ETH/USD Reference: (~$2,421)
Colonel Burr retweeted
$BALANCE goes live tuesday 10:20 AM ET
@jackbutcher is auctioning 1% of max supply through a uniswap CCA
everything else only exists when someone locks a statement. 80 credits burned, ratings added up, locked for good, 1 rating point = 1 BALANCE
the CCA isn't a snipe. you set a budget and a max price, it fills block by block at one clearing price, you never pay above your max
so before tuesday, check your credit ratings, pick your max price, and only touch links jack posts
20,000 credits already burned into 235 statements
bidding the auction or building a statement?
Colonel Burr retweeted
credits, statements, and soon $balance
@jackbutcher has been building the pieces of a v interesting onchain economy
i've been cooking up something to participate at every stage: acquiring credits, making statements, redeeming for $balance to keep collecting
cycle starts soon
Colonel Burr retweeted
you need 80 @jackbutcher credits to turn them into $BALANCE
most holders only have a few. so now you can predeposit yours into a batch on credit union and they will convert to balance when the coin launches on 10/20
creditunion.fun/balance
Colonel Burr retweeted
BVIV Index perpetual futures are now live on @HyperliquidX.
Trade BTC's 30-day implied volatility on your favorite exchange.
app.hyperliquid.xyz/trade/mk…
