let's eat Bored Apes together? 🤫

BAYC M&Ms, $100m in stolen NFTs & 0 trading fees

Author

Lili (QueenBao)
August 26, 2022

GM Baos.

We're welcoming all you NEW BAOS in our family 💙 This week was slower on the news, but we had some big announcements from notable projects like Azuki (up +30% today).

Ready for the anime metaverse? Me and my Bean say YES.

Today we cover:

  • Sweetest News on the Blockchain

  • $100m in NFT Scams :c

  • Zero Trading Fees Summer!

The sweetest news on the blockchain

Mars debuts limited edition BAYC inspired M&Ms. This is in collaboration with metaverse supergroup, Kingship!

I LOVE limited edition anything and chocolate. How can you resist?

With that being said, $100 BAYC M&M’s is a true test of my chocolate addiction... 😅

What can you cop?

  • Gold 100 gift box ($99.99) 🚨 SOLD OUT 🚨

  • Celebratory gift box ($59.99)

  • Gift jar ($39.99)

Kingship is a musical group in the Metaverse consisting of 3 Bored Ape Yacht Club holders (BAYC) and 1 Mutant Ape Yacht Club holder (MAYC). Each of these members are printed on all six of the M&M’s signature colored candies.

Would you eat an ape? 🤔

over $100 million in NFTs stolen since last summer 🚨🚔

How did this happen?!

The blockchain is very very secure. The entire Solana network may shut down from time to time, but it’s never because the blockchain itself has been hacked.

This report by Elliptic states an average of $300,000 was netted per attack. These scams can include things like phishing emails, compromised social media accounts (twitter/discord), fake websites and wallet hacks.

How you can stay safer in web3?

  • Use multiple exchanges and/or marketplaces

  • Use multiple wallets to interact with different websites, mints and apps

  • Invest in a hardware wallet (cold storage)

  • Never click on suspicious links

  • Enable two-factor authentication (2FA)

  • Always verify sources before approving transactions

Hundreds of millions of dollars stolen? Oh you know just another day in crypto, giving regulators every excuse to crack down on crypto projects – especially DeFi 🥴

Zero Trading Free Summer

Binance US was one of the first exchanges to offer FREE bitcoin trading back in June. If you’re in the states it’s well known that everyone here hates Binance US for their lack of liquidity and non existent customer service.

Maybe the bear market is just affecting everyone (even exchanges) a little more than expected. Weren’t we supposed to be at $100k by now? 🤪 They need us more than we need them.

Several exchanges since then have come out with zero fee trades for select bitcoin pairs. Binance (CZ’s Binance) dared to be different, and is extending 0 fees to it’s $ETH/$BUSD pair. The exchange wars are heating up 🔥

This definitely provides an incentive for users to switch to whichever exchange has the lowest fees. And it’s a major announcement for those who like to spot trade on Binance, because fees can ADD up.

If you’re not much of a trader you can still take advantage zero fees because ~drumroll~ 🥁 you guessed it – dollar cost averaging.

I think that’s the #1 advice everyone hears when they first get into investing. At least from all the super qualified financial advisors on Reddit…

Anything under $20k BTC and $1k ETH is a steal. Even if prices go way lower than that, in my opinion, dollar cost averaging (DCA) at these levels will pay off bigly in a few years.

So will you be taking advantage of Binance’s zero fee $ETH spot trading pair?

Saving $$$ on ETH = perfect opportunity to scoop up some Baos 🫡

Bao-Sized News

Made me Laugh until my Abs Hurt

This is a bit NSFW but we couldn't help but share our thoughts on Cardano :)

Thankfully, Baodoms never break.

Thanks to Cassidy, Sheepy & Bernie on our team for putting together these awesome letters this week.

PS If you read to the end, DM me on Twitter and I'll make sure you secure a project WL 😉

–Lili (QueenBao)