SECOND
Mineable Cryptocurrency on Base.
Yazhisai Sivanathan pfp

@yazhisaisivanath

Ok guys, there is bad news for SECOND We are not adding any OTC style liquidity. But there is good news. Just added back the liquidity from the price where we left with the previous. 10900 USDC vs 4.13M SECOND. Old and new liquidity details in the first reply. Happy mining, now every second you mine can convert to USDC. Preparing for SECOND NFT launch next week. Remember the SECOND contract address is: 0xCE9199A0C05446ceEd4F0F928c864b7a2f9F86B3
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Instead of 3.25Mn SECOND, this new protocol emitted only 756K SECOND. Roughly 2.5Mn SECOND waiting to be minted. Not just that, roughly 50% of supply locked. Real flywheel starting in 2026 with a lot of innovative and exciting stuff.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Two SECOND NFT collections launching this week. These NFTs earn passive SECOND for their owners.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Check user dashboard. 81 addresses will have credits, These addresses can use credits to buy upcoming NFT mints. $SECOND
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Yazhisai Sivanathan pfp

@yazhisaisivanath

There is a confusion going on about the SECOND token which I'm addressing here. Bit lengthy but should give enough clarity. tldr: Currently there is only one SECOND token (0xCE9199A0C05446ceEd4F0F928c864b7a2f9F86B3), everything else has no value. Then what's SECOND credit. For that a bit of history. Version 1.0 had ticker SECONDS, the initial supply was roughly 44Mn. The number of seconds lapsed from the time DEGEN token deployed to SECONDS deployed. The first version was DEGEN themed. But when we closed the V1.0, the total supply was 57Mn. Version 2.0 and 3.0 are base network themed. , I.e, the initial supply(v3.0) was roughly 74Mn the seconds lapsed since block 1 of base network. Roughly 29% higher than V1.0 when closed. 1/n
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Second NFT claim contract is done. Deploying today. NFTs can be claimed with either SECOND token or SECOND credits. The V1 holders who held more than 10,800 SECONDS and hold the same or more current version of SECOND are eligible with SECOND credits. Value of 1 SECOND credits = 1 SECOND. Start with 4 NFT collections. Each of these NFTs earn passive SECOND from mining. Approximately the cost can be recovered in 2 years. I.e: 50% APY. How much credits you own can be seen from the dashboard (not enabled yet but mostly tomorrow)
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Yazhisai Sivanathan pfp

@yazhisaisivanath

GM Instead of 2.75M $SECOND, only 640K SECOND mined. Working on Leaderboard and rankings. Should be released by EOD.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Added user dashboard which shows everything about users earning and balance. Once logged in, click the user icon in the menu bar. Immediate steps are launching the leaderboard, ranking and tasks. Next steps are 1) UBI: Allow eligible farcaster users to mine SECOND every hour. 2) Content Mining: Every day the top 100 posts receive SECOND tokens, rewards are based on content quality. 3) NFT claim. NFTs that mines SECOND every hour. 3) Liquidity Mining. 4) USDC rewards for daily top rankers. $SECOND
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Regarding $SECOND liquidity It's getting delayed due to the recent market crash. Until adding uniswap liquidity, we enable(tomorrow) OTC style buy and sell of SECOND token at a fixed price of 0.003 USDC per SECOND. Please be patient for a week for uniswap liquidity. Here is the glimpse of how OTC works. The initial liquidity on uniswap will be at the same price.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

41% of the $SECOND supply is locked into mining. Still the emissions are too low. Mined only 194K SECOND instead of 1.3M in last 2 weeks. Bots end up burning the supply. Pools are working well. UBI coming soon. UBI should push the miniapp ranking to the top 10. Revenue generating NFTs coming in 10 days. No liquidity yet. But users can provide liquidity and make some money. Adding next week. Grateful for everyone who supported from version one. The core is solid now after many iterations and flywheel starting soon.
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0xZahra πŸ¦„ pfp

@zahrash

Dont tell anyone 🀫 but SECOND holders now can get 3650% APY .. πŸš€πŸš€ (cause no one know it yet !) ( Only 30 Slots ) I told you guys to HOLD it.. πŸ’πŸΌβ€β™€οΈ
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Yazhisai Sivanathan pfp

@yazhisaisivanath

6 pools are live now. Goto pools menu from footer, choose the pool and lock (7 days). When there is no competition(during early days) APY can go even as high as 18,000% (or 1800 $SECOND per day) For example if you tried to mine with 14,400 SECOND directly, you can max mint 56 per month. But if you pool the same amount. You can make 1,200 SECOND per day now (as zero competition) and a minimum of 20 SECOND per day (if 100% competition for the pool) Keep mining, a lot of stuff under the way. The UI will have a small glitch and fix going on.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

Current version works really well. For last 12 days, supply increased only by 113,580 $SECOND instead of 1,000,000 SECOND. Bots burned the supply. Real people mining it. Unless the real demand comes, supply won't go up. Stay tuned for more exciting stuffs releasing this week.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

With the latest update, bots activities are almost zero. The emissions are low and not entering the market that faster. Almost 800K $SECOND are yet to be minted, unless the real demand comes the supply won't increase. Working on improving the UX, Liquidity and community engagement. After multiple iterations, we get it right.
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Yazhisai Sivanathan pfp

@yazhisaisivanath

25% of all $SECOND mining are through farcaster miniapp. Lot of improvements coming next week. Happy mining.
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