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Seedorf

@seedorf

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Introducing $PROCOIN: Governance Token for Farcaster Pro $PROCOIN empowers Farcaster Pro users with community-led governance. Airdrop for NFT Holders
All 10,000 Farcaster Pro NFT holders can claim $PROCOIN. Tokens are untransferable until 500 users claim, ensuring broad support. Claim Now
Quotecast this post with: “Ratifying @procoin governance”
First 500 claimers get ~5x allocation. All NFT holders are eligible. Purpose
$PROCOIN enables governance and coordination for Farcaster’s community. Top 75 holders become Pro Councillors, gaining exclusive access to the Procoin Forum mini-app. Councillor list updates dynamically based on holdings. Future features may include delegation and community-driven goals. Tokenomics • 50% claimable via airdrop. • 50% in Uniswap V4 (locked until 500 claims). • Spotlight takes 0% of supply. • All LP fees redistributed to Farcaster Pro subscribers. Built on Base, powered by Neynar. Join In Quotecast to claim.
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Cetus Hack — May 22, 2025 Incident Summary - Cetus Protocol, the largest decentralized exchange (DEX) on $Sui was hacked today. - The exploit involved spoof tokens or a potential oracle manipulation bug. - Estimated losses $260 million (Investigation ongoing. 160m of the 220m stolen funds frozen + can be recovered (hopefully) - Impact ** The attacker drained multiple liquidity pools, causing widespread disruption. ** All trading on Cetus has been halted, and smart contracts are paused to prevent further damage. Token Price Reactions - SUI Dropped from $ 4.2 now trading around $3.81–$3.92. CETUS (Cetus Protocol’s native token): - Fell 30%–40% in value. 🛠️ Response & Investigation •The Cetus team has paused all smart contracts and is actively investigating the breach. Why still bullish : Despite the hack, Sui’s overall market cap remains around $13.3 billion. Nothing wrong with SUI itself -> CETUS isolated exploit Share 💦💦💦💦 Join space: 👇👇
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