Houdini Swap Magic Monday #16 — Recap
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Greetings, Wizards! 🧙♂️ It brings us great pleasure to announce that we’ve reached our 16th Magic Monday, and as always, we’re thrilled to unveil our latest developments. Our team has been working diligently, and we’re excited to share our progress with you.
Let’s start with the exciting news of our recent token listings and partnerships. We’re delighted to announce that we’ve listed three tokens last week: PEPE, TRX, and SUI.
PEPE is a community-driven memecoin built on the Ethereum blockchain, inspired by the internet meme character Pepe the Frog. The token aims to bring a fun and lighthearted approach to the world of cryptocurrency.
TRX is a decentralized, open-source blockchain platform capable of running smart contracts and supporting the building of decentralized applications.
SUI is the native token of the Sui Layer 1 blockchain network, which focuses on high-speed transactions, instant transaction finality, and reducing latency in the deployment of smart contracts.
We’re immensely grateful for the unwavering support and enthusiasm from our community, and we’re thrilled to have come this far since our very first Magic Monday. As we embark on this 16th journey together, we remain committed to keeping you engaged and informed.
Stay tuned as we unveil more exciting news and updates we’ve accomplished with Houdini Swap. We can’t wait to share our progress with you as we continue to work magic together!
Hold on to your hats for this week’s Magic Monday Swap Report
We have broken two new records at Houdini Swap! This week, we achieved a new high in our weekly volume, reaching a staggering $4,338,942, almost twice the volume from the previous week. Moreover, we set a new record of 1,606 swaps, a 64% increase from the previous week, an impressive feat!
This remarkable success translated to Houdini Swap’s weekly revenue of 1.1 BTC, 16.45 ETH, or 30,697 USD.
We take great pride in our ability to maintain consistent performance in the volatile crypto market, and we are committed to supporting our users by providing value through regular buybacks and continued growth.
Tracking the number of swaps is an essential metric for us, particularly given the market’s volatility. While the dollar value of swaps can fluctuate from week to week, an increase in the number of swaps indicates that we are continuing to solve a crucial problem.
This impressive achievement demonstrates that our platform is becoming increasingly popular among both new and existing users. We are thrilled to receive positive feedback from our users who have tried our platform and continue to use it frequently.
However, we view this success as just the beginning! With these impressive numbers, it’s clear that Houdini Swap has a bright future ahead. We are constantly collaborating with other projects and innovating to improve our services.
Our goal is to provide users with more opportunities to swap tokens seamlessly and anonymously. So, fasten your seatbelts and join us on this exciting journey to make magic happen on Houdini Swap!
No victor for our Track a Transaction Competition!
Last week, we announced the highly anticipated launch of our “Houdini’s Impossible Riddle” competition. The event generated considerable interest on Twitter, with many people expressing their desire to participate.
Here’s a recap of how it works: We posted a deposit address or transaction for Houdini Swap, and whoever can accurately determine where that transaction ends up will receive an amazing prize of $10,000 USD.
Over the past 16 weeks, we’ve received feedback from various sources regarding our technology. Although we do not want to overstate the situation by using too much FUD (fear, uncertainty, and doubt), we did hear from a few vocal individuals who claimed that our technology does not work. Despite this, we put ourselves out there, very vulnerable to criticism, as we understand how scary it is to showcase one’s work to the world. Even if you are 100% confident in your creation, it can be nerve-wracking to hand it over to experts in the field, especially when it involves broadcasting it to the masses.
To put our technology to the test, we announced this competition with a $10,000 bounty for anyone who could track a transaction. Initially, we received a positive response, but there were also some detractors who criticized the fairness of the contest.
Nonetheless, we proceeded with the competition, and received 70 submissions from people who were confident that they had found the wallet associated with the transaction. Of those 70 submissions, some were duplicates, resulting in 54 unique wallets being submitted as possible destinations for the transaction.
However, none of these submissions were correct, meaning that nobody was able to successfully trace the transaction. With this, Houdini Swap remains fully operational, and the $10,000 prize remains in the treasury. You can rest assured that Houdini Swap still works!
Houdini Swap managed to secure an investment from Theia Blockchain!
We are excited to announce that we have secured a $250,000 investment from Theia Blockchain, a boutique crypto-focused investment fund with partners who have extensive experience in institutional private equity. Their vast networks in Washington DC will be valuable in helping portfolio companies navigate the complex political and regulatory landscape. This investment is a significant stamp of approval from real institutional VC investors that what we have been working on for the past 16 weeks is meaningful, and they believe in our vision.
The tokens given to Theia Blockchain are heavily vested, with no tokens being issued for six months, followed by gradual vesting over the next six months to one year, for a total investment of $250,000. These funds will help ensure the longevity of the project by shoring up the treasury, paying off debts, continuing marketing efforts, and taking calculated risks to make strong investments.
Of the remaining $50,000, we plan to use it for buybacks. We will be putting the funds into a separate buyback wallet, with the same arrangement as the weekly buybacks. We are open to feedback from the community, but our current plan is to randomly select a time every two to 10 days and put in $2,000 until there is nothing left in the wallet. The deal has been closed, and we look forward to having Theia Blockchain on board for next week’s Magic Monday. We will also be making an announcement on Twitter in the next day or two.
Houdini Swap has a new integration partner: Life Wallet
Life Wallet has announced that they will be integrating Houdini Swap directly into their wallet, making it the first platform to allow users to hold their crypto and use Houdini Swap in the same user interface. With Houdini Swap embedded into the wallet, users will have access to a more seamless and convenient experience.
Some have asked why we didn’t create our own wallet. The answer is that creating your own wallet is a massive undertaking, and partnering with a company like Life Wallet, who is already building incredible tech, makes more sense.
Life Wallet is one of the first companies that we know of to allow users to create usernames that can be used to send crypto, instead of sending it to a long string of numbers and letters. This is a huge step forward for the industry and is the direction in which crypto is heading.
Users will be able to use Houdini Swap natively within Life Wallet, which is fantastic. One thing to add is that this partnership does not preclude us from creating our own wallet in the future.
Additionally, we can partner with many other wallets, which will only increase volume. It makes sense to have an anonymous option to use, especially since Life Wallet is labeling wallets with usernames. This is a very exciting development, and we look forward to seeing the results.
Operations update: Exact Amount Sending Feature
The next major feature release will be the ability to send an exact amount using Houdini Swap. Currently, due to market volatility, the amount quoted on the order page may not always be exact and may fluctuate depending on gas changes and other factors.
We are now introducing a feature to enable users to send exact amounts, which is perfect for building out our suite of products, including payroll, vendor payments, and online purchases. Some checkout products in crypto require an exact amount, or else the transaction may be lost, and this feature enables users to do so using Houdini Swap.
It’s a no-brainer to pay for things in crypto without revealing personal financial information to the vendor. When you purchase a subscription online and use your credit card, the vendor does not have access to all of your personal financial information for good reason — it’s dangerous and not good for business.
This feature is currently being tested in the test net, and we are conducting an extensive amount of automated testing to ensure its reliability. While the release date is not set in stone, it is estimated to be within the next one to two weeks.
Houdini’s Pick for this week!
Get ready to be thrilled because Houdini’s Pick of the Week is here! For this week, the winner is D5D983!
We’re excited to launch this brilliant initiative to spread the word about our loyalty program and the amazing benefits of having an account ID or a referral ID. With the power to earn commissions on swaps, using this feature is a complete no-brainer!
And the best part? We’re giving away a whopping 5000 $POOF to one lucky user of the affiliate program each week! All you need to do is enter your Houdini ID or account ID when you swap, and every $100 swapped earns you one ticket.
At the end of the week, we’ll spin the wheel to determine the winner, with the chances of winning weighted based on the number of tickets earned. With instant cashback and the chance to earn more $POOF, this is a fantastic opportunity you won’t want to miss! So stake some $POOF and get ready to win big with Houdini’s Pick of the Week!
