mike rainbow (rainbow mike) ↑ pfp
mike rainbow (rainbow mike) ↑
@mikedemarais.eth
whats the ideal starting marketcap for tokens made with token launchers? clanker sets it to 35k-ish is that the best value?
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agusti pfp
agusti
@bleu.eth
3k was bleu starting mkt cap The lower the truer “free market dynamics” but snipers can’t let us have nice things sigh
3 replies
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Drew Volpe pfp
Drew Volpe
@drew
why aren't tokens launched initially with a Dutch auction? collect bids over, say, an hour, and then launch with the highest bids.
1 reply
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mike rainbow (rainbow mike) ↑ pfp
mike rainbow (rainbow mike) ↑
@mikedemarais.eth
tbh my assumption has always been that that users dislike auction mechanisms and they diminish any immediate dopamine hits associated with launching a token / participating in markets of newly launched tokens
1 reply
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agusti pfp
agusti
@bleu.eth
This never worked well for NFTs either and it’s supposed to be the optimal way to extract the fairest value the collectors are willing to pay from an artist But yeah kinda kills the hype and fomo cycles that make this space
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