Taylor
@taycaldwell
There's lessons already learned from 2017 ICO launches and even 2021 NFT mints that should be applied to memecoin launchpad platforms. Without the ability to customize / configure airdrops, whitelists/blacklists, allocations, auction format, etc. - Bots, specifically snipers will always ruin the tokenomics, making it unviable, even for memecoins seeking longevity.
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Ghostlinkz
@ghostlinkz.eth
I think crypto folks know about this lesson but still ignore it. Volume and liquidity likes to flow in markets/platforms that can be easily manipulated. The founders of these platforms allow it to happen because they are happy to push the narrative of hyper growth.
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Taylor
@taycaldwell
The only people benefiting from the current structure are the the platform devs, those running sniper bots to buy up 5%+ of the supply of every launch, and the people aping in and selling within the first 3 minutes for minimal profit (read as: gambling). It could all be so much better. We'll get there.
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Ghostlinkz
@ghostlinkz.eth
With all the profits these devs are pulling in, you’d think they’d start tackling the hard problems by now. I want to stay optimistic, but it’s hard when gambling and greed keep driving the hype and grabbing all the attention. And saying “we’re still early” just isn’t cool anymore, but at the end of the day, all you can do is build the future you want to see
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Taylor
@taycaldwell
Well, as we get regulatory clarity in the US at least, you'll see a shift from gambling to value creation. Apps will be more useful. L2s will be required to actually decentralize. It will be great. :)
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Ghostlinkz
@ghostlinkz.eth
I hope you’re right! Shifting from gambling to real value creation would make me feel comfortable trying to onboard all my friends again. It’s messed up how I’ve basically had to stay quiet about crypto IRL because so many people just associate it with scams
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