opinion

"We need better alignment longer term between traders and founders"

Memecoins are here to stay, whether we like it or not 

Two quick changes can completely remove all the grift from memecoin launches: 

- Founders/Devs own 0% of the token supply, and are only funded via trading fees

- An open window of time for a public sale

normalizing founders and insiders extracting huge amounts of value short term is toxic. We’ve seen teams sell 1% of supply on launch day on utility tokens this cycle, which is cringe to me. 

Tells me that this is simply a structural issue with our norms, not something particular…

clanker ~ autonomous memes ~

"We need better alignment longer term between traders and founders"

https://x.com/_proxystudio/status/1891521078284927228