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eggman πŸ”΅ pfp
eggman πŸ”΅
@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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Maretus pfp
Maretus
@maretus.eth
Some great /lessons here, especially the info about QuickSwap and ApeBond. The meme is also hilarious and sad at the same time.
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not_not_Duna πŸ–βž°πŸŽ© pfp
not_not_Duna πŸ–βž°πŸŽ©
@imduna.eth
Thats a big question especially in low liquidity coins. I don't think devs should take profit directly so early, or at least in the first year. And if they do it should be a small life maintenance amount. Just like it works in startups of real world/web2
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ciefa 🐌 eth/acc pfp
ciefa 🐌 eth/acc
@ciefa.eth
This. And if you need help figuring this shit out, reach out to me. Eggman and me will help (for compensation tho). Take this shit seriously, y'all have seen what else can happen :C
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Zenigame pfp
Zenigame
@zeni.eth
also plz make sure projects are more than just front-end + narrative
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arfonzo pfp
arfonzo
@arfonzo
Morality lessons from eggo: I love to see it. 😻
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Cristian 🎩 pfp
Cristian 🎩
@cristianisbased.eth
GM eggman 🫑πŸ₯š 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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Favorite Web3 Slut pfp
Favorite Web3 Slut
@ogebaeby
GM Eggman This /lessoninthere , would you mind tutoring devs? Think you understand more than they do... Sigh
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Pedro pfp
Pedro
@pedrowww
Why not use your token allocation as collateral to borrow against? If you set a low enough LTV, you demonstrate trust in your project. If you don't pay back your debt, your collateral gets transferred to your lender, without dilutive event. PWN.xyz does exactly this: - custom lending terms - fixed rates - time-based liquidationj
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Kiraaβ™‘ pfp
Kiraaβ™‘
@fwkiraa.eth
gm eggman
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OTTIπŸŽ¨πŸ–Œ pfp
OTTIπŸŽ¨πŸ–Œ
@zeuzc
Thanks for this I really wish the recent 9to5 maniac had this for a read.
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pentacle pfp
pentacle
@pentacle
I'm supporting you through @microsub! 37 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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pentacle pfp
pentacle
@pentacle
I'm supporting you through @microsub! 77 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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hang pfp
hang
@copripoho
I'm supporting you through @microsub! 565 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
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Abs 🎩 pfp
Abs 🎩
@abss
Gm eggman! The information is highly valuable 🫢 thanks πŸ™ 69 $degen
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Homer d Crypto Explorer 🎩 pfp
Homer d Crypto Explorer 🎩
@homer27
Egg man thanks for the alpha, many dev think it's immediately you creat a token you will start to earn
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Caira.degen.ethπŸŽ©πŸŽ­γƒ„ pfp
Caira.degen.ethπŸŽ©πŸŽ­γƒ„
@caira
Gm eggsir! I love the meme and beside that it was explained clearly πŸ₯° I hope many ppl will think about this
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Daniel 🎩 pfp
Daniel 🎩
@danfaje
gm gm eggman wish more devs looked at this before running
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Emily πŸŽ©πŸƒπŸ– pfp
Emily πŸŽ©πŸƒπŸ–
@mahla
It was a really useful text, I think that if they sell without considering these issues, a scam had happened
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Chanzy 🐣 pfp
Chanzy 🐣
@chanzy10
gm eggmann!
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