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@iamthedanger

322 Following
29 Followers
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This longread about memecoin and NFT collection on the Chia network! Periodically I degen on different networks. I like being a plastic brain. -------------------------------------- I feel the time is approaching.... Time to start a story about $SBX and the NFT Trashformers. @spacebuckscoin originated in 2021, and at first it was something like what we might now call a «Community driven token», and in discord @batGAN_art can be found how long ago the concept to create @trashformersnft came about 2023. Initially in 2023 looking at SBX I thought: Ok, this is just an old, dead coin. Why should I buy this? Some time passed and I started to notice some interesting things: 1) Started @__LVRS__ working on merch for SBX, specifically: https://sbxmerch.com Yes, it's a 3D printed merch. You can already here and now for your pleasure get these items in your collection. It's not something from RWA, but it's already off the blockchain. 1/3 🧵
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1) At the moment there are some good coins on the Base network that have potential, but now due to the tokenbot (Clanker native token) correction their price is correlating with the rest of the market. For example, I would like to talk about @heyterminal which was created by @carlos It's actually a launchpad bot / marketplace that is no worse than @clanker at the moment in terms of functionality, and its capitalization is only around 2.38m at the time of writing the post. Pros: - The developer immediately has access to 4 percent of the supply. Some might say that's a lot and could entail a dump, but it creates a healthy interest for the developer to launch the token and continue its development. 90% of clanker tokens right now don't even update their dexscreener info, making it impossible for users unfamiliar with clanker to evaluate the idea outside of warpcast and clanker.world Right now we have ~50% in hand..... snipers? Seems like that should be more frightening. Read more in comments 👇
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1. Right now @clanker biggest problem is snipers who buy 50% of the supply. This is definitely a tricky problem, as conservative methods like whitelists or limiting supply to one wallet don't solve the problem, as a sniper can simply use new wallets and use 10 wallets instead of one to buy the supply they need. Also creating whitelists for people with “reputation” on Warpcast is not a good idea, because we will sooner or later run into cartel collusion and cabal tokens. Conventionally speaking you will just transfer power from the sniper into the hands of those people who are “worthy”, if I may put it that way. I see the only solution in this situation is buying from the smart contract side and transparently selling part of the offer to breakeven by the clanker developer himself @proxystudio.eth Read more 👇
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