An interesting variation on a builder-oriented token launcher:

1. Launch token

2. Anyone can buy

3. No one can sell until X date years in the future

4. Founding team allocation has an additional X date + Y months after the unlock

If a something is long-term valuable, it usually takes many years for that to play out.

That's why traditional angel / venture investments being illiquid is a feature, not a bug.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

> The value exchange between the builder and the supporter needs speculation to be meaningful

If this is true, then very few if any long term projects will use them. The biggest winners will almost always be unavailable to the public.

Maybe, but then you're saying that no long-term durable valuable thing will be available for public to be early to.

building @revealcam @alfaca @offmarket @perl | alum South Park Commons | previously cofounder SBLY.com, eng at Stripe | peter-kim.com

Maybe, but then you're saying that no long-term durable valuable thing will be available for public to be early to.

https://warpcast.com/dwr.eth/0x989b1913

yes, but a feature of crypto being the world's greatest speculation engine is that tokens can be liquidated at any time

lock ups defeat that purpose unfortunately

will write a longer quote cast with more of my thoughts on this