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Kunal Goel pfp
Kunal Goel
@goel
Perpetual fees to "creator" is terrible design and why CLANKER coins on base have struggled. Memecoins have worked because communities can take over after the "dev" or "creator" rugs. Nobody will buy a coin and still pay homage to a rugging dev. Additionally, in this system incentive clearly shift from buying coins to launching coins leading to dilution and lower market caps across the board. @higherrrrrrr https://x.com/higherrrrrrrfun/status/1875001392232104392
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John TotalValue Locke pfp
John TotalValue Locke
@johnny-tvl
Would a better mechanism be that token holders can vote for where the funds go to? So if a dev rugs the community can CTO. Or too complicated, remove fees?
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Kunal Goel pfp
Kunal Goel
@goel
adding to LP benefits everyone, that's the pump fun design and works well
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