Kickflips for crypto? This project pays $ 28k for a Guinness World Record

While countless crypto projects tirelessly work to reform Wall Street, a relatively new One is focused on Guinness World Records.

The starting point: skateboard history will be made, or a group of backers accepts that their ambitions are quixotic and immediately liquidate.

For three weeks, a little known project called Poidh “photos or not happened”-people encouraged more than 36 kickflips on a skateboard in a minute, hoping that a crowdsourced bounty or meme coins will be sufficient to motivate someone.

A kickflip is a skateboard trick that combines an Ollie with a flick of the front foot to rotate the skateboard 360 degrees along the longitudinal axle in the air. That requires skill. If you do this 37 times in a minute, the current world record would break.

Although the premium Was worth $ 28,000 on Friday, only one person filmed himself to hit the pavement. The official title – per Guinness’ website– It has stayed in Australia since 2012 with Ricky Glaser, a professional skater and streamer.

That was a long time before the Farcaster social media protocol existed; In addition to the ones, an unofficial token that is mainly used for tips among users; And the Haberdashery, an independent group of the people who have received the Token for free and likes things from time to time.

The pseudonym of Poidh goes past Kenny, who is also a member of the Haberdashery. He told Decrypt His interest in the potential of crypto “to organize people to get things done in the real world” dates from his discovery of space more than ten years ago. But only in recent years has Kenny tried to start his vision.

Given the importance of Kenny in Poidh, the contribution of the Haberdasy of 3.3 million is the one who represents a third of the total premium, an obscure marketing tactics, he said. Nevertheless, the initiative reflects the spirit of groups such as Constitutiondao, famous for his fatal attempt to buy an original copy of the American Constitution at an auction in 2021.

Kenny described Poidh as rooted in some of the same principles as decentralized autonomous organizations, or DAOS. In their most common form, DAOS is used for financing and management projects. Poidh essentially organizes miniature versions of Daos, which can concentrate on everything, such as kickflips, or even finding a “rat hotspot” in New York City.

Kenny said the platform is self -coast. Anyone who contributes funds to a premium can reclaim them at any time, unless someone actively tries to prove that he has completed a premium, he added. In order for a payment authorized, contributors must vote, and that is weighed against the amount of money they have set up, he continued.

Poidh is designed in such a way that if the backers of a premium no longer want to support it, everyone will get the money back as nothing happened, Kenny explained. Poidh charges a reimbursement of 2.5% on completed premiums, he said.

“There are just not as many usage scenarios that I feel if I can show my friends and family and be proud of the industry,” Kenny remembered and said that FTX’s controversial collapse in 2022 left him frustrated. Kenny said he mainly works as a SEO consultant.

Certainly, Poidh does not pay premiums in cash. It publishes Ethereum and DEG, and Kenny noted that the largest premium of the platform has fallen from $ 30,000 in the past week as a result.

“The price goes up and down on the basis of funds added or withdrawn, and the fluctuation of the underlying crypto,” he said, referring to a Poidh premium.

Since the debut, around 2500 Poidh premiums have been made. But only 1,400 are successfully completed, according to one Dune Dashboard.

“I would be speechless”

A skateboarder that goes through JD on X, said he is pushing 32, but told Decrypt That six -hour effort has yielded a few results so far.

JD said they have done at least a few sessions, but rainy conditions make it difficult to take extra stitches. Less than a week ago, JD shared a video of himself with 26 kickflips on a skateboard in 39 seconds.

“After you have turned 25, it is really difficult and tiring, but you just fight to let the last piece happen,” he said. “If I really won that amount, I would be speechless.”

JD said that he would probably use part of the premium to catch up with the debts and pay some arrears in arrears, while he keeps what the one keeps to “see what is happening”. But he is not the only one who focuses on the Guinness title of Glaser.

Professional skateboarder Alex Decunha recorded a video of himself that defeated the record of Glaser in 2021, but Glaser still seems to be the official record holder. In one conversation Between the two recognized Glaser that “submitting so much paperwork to Guinness” lasts forever.

The premium on Poidh is quite specific in the context: in addition to submitting a video that has not been documented or accelerated, while a visible timer is recorded, who wants to successfully claim that the premium must also be “verified by Guinness as the new world record holder”, according to the description of the new world record, “according to his description.

“You have to say:” This is for the person, “it adds.

Some pseudonymous skaters can hesitate to reveal their names, but has professional skateboarder Dave Bachinsky signaled On Poidh that he is in the race with JD. On X has Glaser called The ‘sick’ premium, which increased the possibility of entering the competition yourself.

Decrypt has contacted Glaser and Bachinsky for comments.