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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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not_not_Duna 🍖➰🎩
@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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eggman 🔵
@eggman.eth
I strongly agree tbh - I'm down a solid 6 figures on /nova spend (excluding market bought tokens) and am yet to take any "dev eats" profits. It's simply not conducive to long-term building. Selling at low TVL is essentially saying out loud that you think your token is worthless, or that you have no commitment to it.
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not_not_Duna 🍖➰🎩
@imduna.eth
Yes exactly! Owing tokens of your projects should be treated like options or equity in case the project makes it big time. If you nib it along the way, especially when tvl is low, it hurts the trust of all the other investors. The fact that everything in crypto is tradable as a given, doesn't mean you should trade it. Better to work on building it big. Of course if you need it to survive or keep funding the project its something else
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