In this issue:

• This Week in Neo Tokyo: It's Not All Bad News (by PhoenixxDown)

• July $BYTES Update (by Steven T)

• Meet Your Citizens: AtomikSushi (by Block Editor)

• The Evolution of Umami Finance (by Steven T)

As Firestorm mentioned earlier this week in an announcement, it has been a turbulent summer for the market, especially for crypto gaming. Most of us have felt the harshness of our portfolios tanking, or just general boredom. Note to self and a plea to anyone affected by the aforementioned: for the love of God, please remember next summer to take three months off and forget the charts.

Thankfully, it's not all bad news. Firestorm informed us that citizens have been working diligently behind the scenes to set The Citadel up for long-term success in relation to our top three goals: Revenue, Utility, and Acquisition.

Additionally, Firestorm revealed he had a “great call with Ellio to sync on NT priorities from the top down” and that we’ll be hearing about a couple of action items from that call in……..two weeks.

“Neo Tokyo is a very special group, and I wouldn't still be around if I didn't see NT continuing to improve and help level up the space around us.” Hear hear. Read the announcement in full.

This is how things shaped up with the NT content:

Meet Your Citizens - Block Editor sits down with the most relaxed person in web3, Tiki, as they discuss what brought them to The Citadel, and a deep dive into what it’s like being an acclaimed traditional tattooist.

NFT Market Monday - Flower remains in control of the narrative as Germany continues to add to the bears' celebrations. Other topics of discussion included Polkadot's bizarre marketing mastery, more airdrop shenanigans, and is it all actually Ansem's fault? Listen back here.

Crypto Unicorns AMA - Crypto Unicorns is a play-and-collect game by Laguna Games that lets you battle, breed, and collect unicorns. Their first Play-to-Airdrop Season 1 campaign has just begun, and you can listen in on how to get involved here.

RavenQuest AMA - The creators of the top-down pixel-based MMORPG experience join the AMA team for a talk about what's upcoming, including what opportunities there will be to earn their token! Listen back here.

Interlinked #37 - David Hanson, the co-CEO and Founder of Ultra, joins Nick and Ben for a deep dive into the next-generation gaming platform giving power back to the players! Key discussions also include the upcoming FPS Citadel, what’s involved with onboarding games, and working with influencers.

Storage Chain AMA - Chris Dominguez joins LadyTraderRa and the AMA team to find out all about the decentralized cloud storage project. StorageChain is looking to use web3 to increase the security of storage in a world where data is currently under threat from hacks. Listen back here.

A good opportunity to onboard a potential citizen here. DachshundWizard is feeling unsupported where he is currently, and is looking for somewhere where builders are encouraged more. We all know there’s nowhere better than here in The Citadel, so give him a nudge this way with a testimonial as to why he should pick up a Citizen. (Stopping short of harassing him memecoin raid style.)

And finally, congratulations to Ben Gothard, who announced earlier today he is joining forces with SuperVerse to become the Ecosystem Director! A massive acquisition for Ellio’s project and another feather in the cap of the unstoppable AMA and Citizen Council Lead.

Until next week, citizens.

One year ago, Citizens scrambled to escape the UAEC-controlled hellscape, uploading their collective neural networks to Neo Tokyo, where their mind meld crystallized into buzzing electrical energy, giving birth to Bytes 2.0!

The sprawling vision for Neo Tokyo continues to sharpen through the ominous fog that envelops our city. Over the years, influential citizens have joined the citadel, leaving their bodies behind and uploading their consciousness into this digitally connected metropolis. Under the radar, Neo Tokyo, bathed in neon lights and advanced technology, continues to grow and thrive in the shadows.

Outsiders, known as "meatbags," face mounting challenges though. Financial oppression and a weakening global economy cast a shadow over the outside world, reflected in the uncertainty and fluctuations of the city’s native token, BYTES. Despite the turmoil beyond Neo Tokyo’s borders, the city remains a beacon of hope. Its citizens focus on what can be, unburdened by what has been.

BYTES, the economic backbone, powers trade, financial transactions, and staking, serving as an influential store of value that has not yet reached its full potential. It mirrors the larger economic struggles but also holds the potential for recovery through unity and innovation.

July Monthly Pivots:

Support 2: $1.65

Support 1: $2.28

Central Pivot 🧲: $3.37

Resistance 1: $4.00

Observing pivot points to find attractive risk-to-reward trades based on average prices, we can see that the BYTES chart is searching for a capitulation bottom at yearly lows. The first potential monthly pivot support is at $2.28, with an initial upside target of $3.37, offering a healthy trade opportunity for bulls. Conversely, bears might anticipate a potential 27% drop to the second monthly support level. With liquidity depth currently at a 4.4% move for every 1 ETH swap, it doesn't take much to impact the price.

Last month, Bytes 2.0 reached its 1-year inception, ending the staking period for some who chose that duration. This explains the significant selling activity, with their tokens now unlocked, seeking liquidity during a broad crypto market pullback.

Citizen SanSerif shared an informative tweet showcasing all the BYTES metrics in one video. It highlights the inevitable curve of scarcity as the programmed deflation comes to fruition:

Web 3 gaming is an inevitable upgrade to the world, bringing innovation, creativity, and new digital ownership-based economies. Neo Tokyo remains a citadel of visionary founders and builders with a long-term purpose. While the timing of Neo Tokyo's ascension back to glory and recognition in the NFT community remains uncertain, the community continues to forge ahead through the storm with innovation and collective effort.

These pivot charts are not meant to predict anything but they can be used to assess risks and opportunities in the market. Catalysts can affect the price of BYTES in unexpected ways, and if you have any questions, feel free to reach out on Discord at Steven-T or on Twitter @neotokyocat.

Visit this link to learn more about pivot points and how to use them effectively.

• Discord ID: AtomikSushi

• Background: IT and Programming

• Entered Crypto: 2017

• Joined NT: S1 Mint

• Expertise: Grift Slayer and networking

• Most Known For: Neo Tokyo moderator

• Outside Interests: Gaming and raising kids

An IT administrator by day, and Neo Tokyo moderator by, well, all the time, AtomikSushi is a household name within The Citadel. In his past, he spent some time in web development and even wrote a book on being an IT administrator. While in Community College for programming, he met a fellow student expounding on the virtues of crypto and took notice. After his first purchase of XLM, he slowly started paying attention. A year later, he found his way on CEXs and started flipping small amounts.

In the summer of 2021, AtomikSushi started really paying attention. He read about the kid that created Wacky Whales and made 6 figures off the mint. This shifted his focus to NFTs and he tried to create a few himself, but still had more to learn. This led him to his first crypto community; which eventually led him to Neo Tokyo.

The riddle solving days were intense, filled with sleepless nights and lacklustre work performance. AtomikSushi spent his days searching website code for clues and soon joined the Cryptic Crypto community and started working on the riddles around the clock. The group found the mint day website, but AtomikSushi actually failed to mint. Someone in the community found the link to the questionnaire that led to the contract like 30 min early. There was a bustle of excitement and about 450 people from the group were able to mint. But AtomikSushi didn’t have enough ETH in his wallet to complete the transaction. But the power of networking came to his rescue and someone in the community that minted 2 identities gave him one.

In the early days, AtomikSushi was obsessed with the entire concept of the community. He would lurk daily and jump in and answer questions whenever he could. It was Ronin, one of the original NT moderators, that got him his first position as a moderator for Lunartics. While that project has gone quiet for some time, AtomikSushi says they are close to finishing their pilot episode of the animation series which will be released to the greater animation world. Then, when NeoTokyo opened a position for moderator, he was offered the spot.

His goal is to keep traffic flowing in the right channels and to keep citizen’s safe. He discourages dropping links because, while for the most part they are safe, he doesn’t want citizen’s to get complacent and click on something malicious. Another large part of the job is resolving the occasional conflict. They typically just make a thread and let the parties take it there to keep the main channels a professional environment. AtomikSushi also creates activity reports a couple of times per year and performs some administrative duties like setting up bots or collecting feedback.

Citizens should reach out to AtomikSushi if they need help connecting. He knows just about everyone in The Citadel and many more in the greater web3 space, and is always happy to direct citizens to the people they should be talking to. If you view his X account, you’ll also see the title ‘Grift Slayer’ and this is somewhat of a super power perfectly suited for a moderator. He has an uncanny ability to detect bullshit!

Outside the metaverse, AtomikSushi enjoys gaming and playing music to relax. His main hobby though, is his children. AtomikSushi has multiple kids; so if anyone needs advice in that realm, hit him up in the Parents of Neo Tokyo chat.

Follow @atomiksushi on X to stay up to date.

Umami Finance has grown alongside Neo Tokyo’s network of citizen builders from the start. Building on top of a blossoming blockchain industry, we have adapted to meet growing needs in DeFi.

Recently, Umami Finance announced a strategic transformation into a MetaDAO ecosystem. By adopting a venture studio model with individual subDAOs, we have executed on expansion efforts. Our team of core contributors has optimized the framework for developing and launching new products with customized incentive systems. Utilizing airdrops and benefiting from targeted branding and marketing strategies, we are excited to share our impactful approach to growth and innovation in the DeFi space.

Last year, we participated in the Neo Tokyo Demon's Den pitch night and received valuable feedback on the perception of our product. Since then, we have made tremendous strides in optimizations, finding product-market fit, and doubling down on our investment in security.

Highlighted below are the innovations and steps we have taken to bring a groundbreaking, top-performing DeFi product to Arbitrum:

Umami Finance's GM Vaults have been live for over six months, steadily approaching $20 million in TVL. Our innovative approach to capital efficiency has found product-market fit on Arbitrum, thanks to GMX’s yield, catapulting us to the top spot for single-sided real yield with 30%+ APR on USDC, 10%+ APR on BTC, and a solid 15% APR on ETH. This sets new standards for high returns and stability in the DeFi space.

Built on a foundational and secure liquidity source, our strategy offers scalability unique to single-asset strategies. With two auditors on our team, we have undergone three audits, and our internal netting strategies have been vetted by one of the most trusted firms in the space, Guardian.

Guardian, the same team that audited GMX V2 during its eight-month development, thoroughly reviewed our code, ensuring our vaults are uniquely secured by those familiar with GMX’s codebase. Our track record of prioritizing security and protecting the community is evident, with no security incidents since our inception.

As we continue to expand our offerings, we are excited to announce the upcoming incentivized integration of Across+, which will allow users to bridge assets directly into our GM Vaults with a 95% rebate on bridging costs.

This, along with future composability optimizations and our partnership with Chainlink, lays the groundwork for bringing our foundational yield strategy cross-chain with interoperability.

Additionally, we are deploying a new GM ARB Vault, highly requested by our community, for those looking to earn double-digit yields on their $ARB tokens.

Our commitment to providing long-term value is highlighted by our inclusion in Arbitrum's STIP Bridge and LTIP campaigns. With these programs, we are set to offer $ARB incentives for up to the next 15 months, ensuring sustained and attractive yields for our depositors

Looking ahead, we are preparing to introduce a lending aggregation on-chain liquidity-based leverage platform through @LeverUpfi. This new platform offers innovative functionality by sourcing the best lending rates across multiple platforms into one position and enhanced security utilizing smart wallet technology.

Currently being developed by our hub of skilled developers at Bonsai DAO, we expect this platform’s beta to be launched in September.

This intent based one-click leverage platform will allow the listing of all permissionless tokens, including our erc-4626 GM vault tokens, set to be available on launch. This addition will enable users to amplify their already impressive earnings potential and take full advantage of the opportunities within our ecosystem.

Leverup presents an opportunity to increase utility for Neo Tokyo projects with tokens as well as offer a new market for the BYTES token. By developing a robust liquidity system, Bonsai is here to partner with citizens and founders to optimize their treasury strategies.

Join our discord to stay up to date and feel free to reach out with any questions.

All content from Neo Tokyo News is for entertainment purposes only, and not financial advice.

That’s it for our 54th edition of the Neo Tokyo Newsletter. Be sure to subscribe and share with your friends so you don’t miss out on future content.

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