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eggman 🔵
@eggman.eth
gm all, given some recent rug-related events, I'm here to give my take on a long-pondered question; How should devs/founders sell tokens in their own project? Firstly; if you've not got 6+ figs in LP (MINIMUM), it shouldn't be via market sells. Even then, it STILL shouldn't be via market sells imo. Here are two (legitimate & chart-saving) ways to exit positions; 1) v3 liquidity pairs; place your stake into a v3 liquidity pair that converts into ETH as the price increases. Works like setting a limit order, and helps buy slippage to boot. Important not to over-allocate here as it can anchor the price (buys stop moving the chart), or having too much in there can act as a liquidity rug. 2) Bonds. Similar to the above, but usually managed. QuickSwap & ApeBond are two providers - they essentially offer your tokens OTC at a minor discount and have them vest over time, preventing arbitrage rektage. If you MUST market sell; limit price movements to a maximum of 0.5% impact per day (during positive action).
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Cristian 🎩
@cristianisbased.eth
GM eggman 🫡🥚 I agree with this and its not right for devs to dump on the masses Crypto is still the wild west so people don't even care if they do shady shit... But imo this just makes crypto look bad as a whole and its what deters noobs from joining
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eggman 🔵
@eggman.eth
Said this a few times now but it bears repeating Acting honestly & with some integrity in this space will long-term bring you FAR more financial success than any pump and dump (or just deploy and dump). The level of short-sighted greed always just astounds me. 500 $degen
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