Farcaster

Did you know Stack.so just launched a new market for fan and creator tokens? Turns out it kinda rules, so here's what it is, how it works and why you should care:

(That's right — this is a thread, baby 🧵 0/7)

1/7 — What is stack.so?

You can now buy and sell tokens of your favorite creators and the users you follow here on Warpcast and beyond (more on that in a bit). It's a bit like trading cards (or Moxie, except you don't need to read a whole book first)

everything i write here is financial advice

2/7 — How it works:

You buy tokens on stack.so with normal ETH on Base and you buy tokens of anyone, whether an influencer with 100ks followers, or an up-and-coming artist with 100 true fans, across the entire Farcaster ecosystem

3/7 — You're EARLY:

It's still EARLY days on Stack Market with plenty opportunities to buy 1000s of tokens cheap of popular accounts.

4/7 — How to start:

Head over to stack.so,  browse current top creators, or scroll through the ones you already follow on Warpcast.

Invest a few dollars, and you know own a chunk of that creator's tokens

5/7 — Here's the Big Idea:

Tokens are more then just meme coins. By owning a creator's token you also get access to theirs and your own unique feed on stack.so for positing images, status updates, and engaging with the community.

6/7 — stack.so is bigger than Warpcast

Stack Market works with and for anyone on Farcaster (the big-ass network), not just Warpcast (the purple app). Which means you can stay connected and engaged with your favorite creators across multiple platforms.

7/7 — Try it out!

I've been having a blast in the past few weeks, and got some cheap-ass tokens to boot. Hope to see you over there

https://www.stack.so/profile/0xf04Fd8595b52f530a775C5AefCA7a7c7afd00Aa8

Addendum: SCAMS & HOW YOU AVOID THEM

Stack.so popped off today, and with it the scammers. Here's how to spot them so you can avoid falling into their traps. 🪡

I want privacy and the freedom to do what I want, when I want, and where I want as long as I am harming no one. Why is that so much to ask? $BTC $XMR $ANON

That’s what I did, but I did it 3 weeks ago, so YMMW

So do I dump my moxie fan tokens to buy these? Decisions decisions

Hi sorry I missed this question the other day.

A token is created and "pre-launched" once someone on Farcaster makes its first purchase.

Account for token gets 1% of each buys and sale

When 50% supply of the token is bought into the market by fans, it's promoted to Uniswap, and the account gets 30% of the token vested over 1 year

/cal 

Photographer, Artist, Web3 Educator, IP Lawyer, Patent Agent, Explorer 📸⛰️✨ 

 Building /flowcast with /mindfulness 🌊

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What determines if a token is launched for a creator? 

And does the account the token is based on earn anything for their identity being used?

thanks! seems like it managed to make the rounds just fine 😅

great write-up! thank you for creating @jmaaloe , just bought more $JONASM :)

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