Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

Here's why we did this.

1. No more 3 Eth min. 

We spoke to users and many with smaller followings couldn't raise rounds. They will go to another tool without this requirement and get sniped. We thought the 3 Eth min would filter for only quality tokens, and it does to some degree, but it mostly filters based on creator's distribution

If your Larry raises less than 3 Eth, less of the total token supply will now go to the round participants. At or above 3 Eth, 30% of supply goes to the round participants (and LP seeded on the market at a corresponding market cap, so the market opens the same price). Below 3 eth it scales proportionally to zero. 1 eth -> 10% of supply etc

Why is the total eth that has been collected not displayed?