larry

An observation from day 0 of Larry

it seems from a very basic analysis of mine that round participants aren’t the ones dumping and killing the charts. 

it’s mainly snipers pumping and dumping on launch; so to some degree that part is working; real humans are getting entries at better prices and before sniping bots

a lot still broken and the experiment needs iteration.

trying to understand, so if anybody has any interesting data or datapoints, I'm open to seeing em

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

15m is hard to gather a community, so it’s likely only groups that talk to each other before join together.

Some memes are time dependent, hence would recommend no longer than 1-3h rounds.

For other launches, 24h sound more useful. This would enable more people to join before snipers.

Downside with this 24h approach is there’s less initial hype, volume from people late to the party but good communities could form, grow their project together in a steady way.

> maybe giving deployers the option to launch in 1h/3h or 24h would already differentiate random meme trading from projects that try to achieve more 🙂

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It’s indeed bad for momentum.

Q is if you want to optimize for hype launches, initial momentum or a community to form and grow and build up that momentum.

(I’m fine trading in and out, some volatility is good to attract traders too but think most genuine communjties would be better off with a slow start. See also airdrop meta, overhyped launches and down only prices)

That said, I liked Balancer pool launches too that had decreasing price curves over 24h, 48h or 72h.

It disincentivized snipers but gave everyone a chance to buy in and also a little bit of gamification to buy at the right time and then they also got momentum built up.

our main goal was to democratize access to the initial 15 minutes of a token's price, which is currently the snipers pumping and dumping on humans with coins. 

I feel like giving it too much time kinda kills the momentum and urgency/excitement of it. you could always announce a drop in advance, like they did in NFT days