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eggman ๐Ÿ”ต pfp
eggman ๐Ÿ”ต
@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
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 ๐Ÿ–โžฐ pfp
not_not_Duna ๐Ÿ–โžฐ
@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 ๐ŸŒ eth/acc pfp
ciefa ๐ŸŒ 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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arfonzo pfp
arfonzo
@arfonzo
Morality lessons from eggo: I love to see it. ๐Ÿ˜ป
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Cristian ๐ŸŽฉ pfp
Cristian ๐ŸŽฉ
@cristianisbased.eth
GM eggman ๐Ÿซก๐Ÿฅš 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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Zenigame pfp
Zenigame
@zeni.eth
also plz make sure projects are more than just front-end + narrative
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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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๐‘ถ๐’•๐’•๐’Š๐ŸŽฉ๐ŸŒŠ pfp
๐‘ถ๐’•๐’•๐’Š๐ŸŽฉ๐ŸŒŠ
@toyboy.eth
Thanks for this I really wish the recent 9to5 maniac had this for a read.
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pentacle pfp
pentacle
@pentacle.eth
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.eth
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 ๐ŸŽฉ pfp
Abs ๐ŸŽฉ
@abss
Gm eggman! The information is highly valuable ๐Ÿซถ thanks ๐Ÿ™ 69 $degen
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Caira.degen.eth๐ŸŽฉ๐ŸŽญใƒ„ pfp
Caira.degen.eth๐ŸŽฉ๐ŸŽญใƒ„
@caira
Gm eggsir! I love the meme and beside that it was explained clearly ๐Ÿฅฐ I hope many ppl will think about this
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Daniel ๐ŸŽฉ pfp
Daniel ๐ŸŽฉ
@danfaje.eth
gm gm eggman wish more devs looked at this before running
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joshisdead.eth pfp
joshisdead.eth
@joshisdead.eth
Vested tokens are the key
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Archilles เผ„ ๐ŸŽฉ pfp
Archilles เผ„ ๐ŸŽฉ
@archilles
Gm eggman Happy Tuesday โค๏ธ
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โ•ฐpeL๐Ÿซง๐ŸŽญ๐ŸŽฉ๐Ÿ‘๐Ÿฅœ pfp
โ•ฐpeL๐Ÿซง๐ŸŽญ๐ŸŽฉ๐Ÿ‘๐Ÿฅœ
@pelicia
gm gm sir eggman thank you for sharing ๐Ÿ™๐Ÿผ
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Bkk pfp
Bkk
@blackk.eth
When you cannot resist the benefits and cannot bear the risks, there will be some behaviors that harm the holders. This may be inevitable... It depends on where your own threshold is...
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Sujit ๐Ÿ‡ฎ๐Ÿ‡ณ ๐ŸŽฉ pfp
Sujit ๐Ÿ‡ฎ๐Ÿ‡ณ ๐ŸŽฉ
@0xsujit
Gm eggman happy Tuesday
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