i wrote about $ARX (TGE coming soon) @arcium but this time i want to bring to surface @zinc_cash
it is now the 3rd highest revenue-generating protocol on @solana acc. to defillama (24hr)
zinc is a mining game where ppl deploy $SOL into timed rounds, pick from 1 to 30 tiles, & wait for one tile to win
if they hit the winning tile, they share the SOL from losing tiles based on how much they put on that tile
they also get $ZINC rewards using the same logic, so the whole thing feels like mining mixed w/ a round-based SOL game
the protocol uses arcium confidential compute
which btw, its chart looks kinda hot
in q2 of this year for example it made $1.7M in gross revenue... that's quite decent for a project, only in one quarter
btw, the token is only 1 month old, x account only has 7k, token is at $3.3M mcap, i mean there are some good starting numbers here...
here are other numbers by the protocol:
- $20M+ in total round volume
- spent 21,500 $SOL in $ZINC buybacks
- $ZINC melted (burned) 40% of lifetime minted supply
- over 800k arcium encrypted computations (when i wrote about it may, it had only 70k+ processed...)
revenue here means the SOL zinc keeps in its treasury & buyback vault.
holders revenue is the SOL later used to buy $ZINC.
then 90% goes to burns & 10% goes to stakers.
so the game loop is also tied to a buyback/staking flow, not only round rewards... 🤔
⚠️ if this is your first time reading about Arcium, i have a more general thread here:
https://t.co/pwmpMtGpSY
⚠️ thread on $ARX:
https://t.co/H2wFFLt2Gt
