Good Game by gg.xyz Issue #04

gm, welcome back!

The majors spent the week crabbing, and all the risk appetite in the market found a new home on a chain that is barely twelve days old. This week was dominated by Robinhood Chain, we added support within the first 24 hours of the launch with 1 second execution of crosschain trades to Robinhood.

Robinhood Chain went live on July 1, and within a week it produced the launch story of the year. A cat coin called $CASHCAT emerged organically and refused to stop, running to a peak near $198M (about $146M after today's 30% cooldown), bringing almost 200,000 daily active wallets onto a week-old network, and minting lore like the trader who turned $800 into over $1 million.

The best subplot was CEO Vlad Tenev. On July 2 he told CNBC memecoins are largely a dead end. By July 7 he was posting that Robinhood Chain "works great for memes too" and following the CASHCAT account.

The hottest new launchpad on the block is Noxa, which won Robinhood Chain by being there first. Tokens launch directly on Uniswap V3 with liquidity locked.

Noxa has currently disabled new deploys to come out with a feature to fight vamps (launch memecoins with the same name) as it has plagued Solana memes for ages.

Daes and Rick go on MCG Live, the daily ICM alpha show, to talk about where gg is headed. Most trading apps run casino UI built to make you snipe within five seconds, and we're taking the opposite stance: the place where you figure out what's worth buying and get paid for being right.

We also put the roadmap on record: mobile app and v2 Telegram bot landing next week, a hub for founders to reward their real users, and on the token question, milestone-based, gated on users and revenue, targeting end of year. That's all you get for now. 👀

We sat down with @aaronjmars from AEON, talked about the future of tokenized projects with new types of token-equity hybrid setups where both token and equity holders are given some rights. As we’ve seen over the previous years, crypto startups get acquired for the equity leaving token holders in the dry. With new types of ownership models like Bedrock Foundation, ACE Rounds by. Gvrn, and Metadao.

Good Game is a newsletter published by gg (gg.xyz) for general information and entertainment only. It is not financial, investment, legal, accounting, or tax advice, and nothing in it is an offer, solicitation, or recommendation to buy, sell, or hold any token, coin, or other asset. We are not a registered broker-dealer, investment adviser, or financial adviser, and we are not acting as a fiduciary to you.

Tokens are not affiliated unless explicitly stated: Coins that reference a public figure, brand, company, or project (for example, a token trading on a well-known person's name) are not necessarily created by, endorsed by, or affiliated with that person or entity. In at least one case covered in this issue, the named individual has publicly disavowed the token. Assume no affiliation or endorsement unless it is clearly confirmed by the person or project themselves.

The "hunters" are users, not advisers: Thesis posts on gg are the personal opinions of individual users. gg does not endorse, verify, or guarantee them, and any reported performance is self-tracked, on-chain data that may be incomplete or wrong.

Promotions: The Alpha Hunter Tournament is a promotional contest subject to its own terms, eligibility, and geographic restrictions, and may be void where prohibited. Entering involves holding and trading volatile crypto assets at your own risk. See the official rules before participating.