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Coop
@coopahtroopa.eth
Pretty fascinating watching Clout pivot to Believe and focus on launching appcoins instead of creator coins. Definitely a way stronger target audience - these apps will be around for a decent amount of time and "betting" on them early makes sense. Problem is none of these app founders are crypto native and probably have no clue what kind of cesspool of holders they're going to drum up *if* the token ends up being succesful. So you get some extra revenue from swap fees and now you have this new class of users who don't actually care/use your product, they just want to profit off your future brand success and get mad at you if you don't constantly shill something that the founders probably have no clue about in the first place. Pretty amazing experiments happening in the wild tbh
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Coop
@coopahtroopa.eth
Also worth flagging that while Clanker did it first (on Base) there have been so so many token launchpads before it and it all comes back to the same thing to me. It's not the tech that's innovative - it's the distribution. What kind of people can you get to use your launchpad and why. Believe going after small AI startups in SF is a pretty cool niche tbh. Very differentiated from most Clanker tokens and launched by a complete different set of teams/founders. Still feels super risky but with $60m in volume on day one you gotta be pretty satisifed if you're the Believe team
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Matthew Fox 🌐
@matthewfox
Ah so it is the clout team! Seen it in passing yesterday and was like 🤔
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cody
@codyb.eth
100%. I'm not sure if any of these founders are aware of the death threats incoming in the DMs.
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