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alex
@proxystudio.eth
Category: Pain Tokens: $DEGEN, $HIGHER, $BUILD, $TN100x Notes: Our tokens are down bad. Tipping tokens across the board have taken serious hits, but pretty much any asset in the Farcaster ecosystem you want to talk about is down, regardless of distribution of supply, between 70-85% from highs. Curious to hear peoples thoughts: What brings a bid?
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Ese 🌳
@esss
More users that buy more 10k degen for the allowance and the new holding incentives will help but imo we should focus on bringing new quality tippers and content creators alike
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memes4airdrop
@wake
right. re-implementing the staking requirement NOW is ONLY about creating exit liquidity for current dysphoric holders to exit. farmers re-up, pump the price, committed holders exit, then farmers exit, and the project dies. Never, ever add staking /in order to/ correct price upwards. That's like adding a "burn" function which is equally stupid.
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Ese 🌳
@esss
Ohhh wasn’t suggesting you guys did so to correct price Wake! As a builder I know the chart is disconnected as fuck from reality, although some granted projects do depend on the degen price a bit
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memes4airdrop
@wake
so you're aware, none of these are my decisions. i'm just a bag holder. you're totally right; GRANTS are a great way to focus money on fly-wheely stuff AND a great way to bomb your market price from necessary selling. Example: Drakula had to sell almost 40% of their grant for /taxes/ owie 🙃
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