Juli 🎩↑ on Warpcast

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Juli 🎩↑ pfp

Can we enable explosive growth for culturecoins on Base? Each of the cultures has great potential to grow a unique community. Individually they are small at the moment and fighting an uphill battle. United in the higher network, connected via a small financial integration (Shared Liquidity) and potentially more collabs among the communities we could set each community up to grow much bigger & win together. IMHO this has the potential to push $higher $ANON $BLONDE $HELVETICA $COMICSANS $CD to the next level! wdyt? 🙂 https://x.com/DegenMVP/status/1866049000438124638

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↑ antaur ツ pfp

sounds great how could shared liquidity work?

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Juli 🎩↑ pfp

Existing coins 1️⃣ We have some big stakeholders that hold both $higher and $anon $blonde etc.. Would be pretty simple to provide that liquidity and earn additional swap fees when you're bullish on both tokens. 2️⃣ Clanker currently provides eth - culturecoins. Would be amazing if we could swap eth for higher and provide $higher - x tokens New coins 3️⃣ New coins should be able to pick $higher as trading pair instead of $eth 4️⃣ Higher stakeholders are likely interested in putting their $higher to work, invest in ICOs and bootstrap new ecosystem projects For all 5️⃣ We could start a subinitative and raise some $eth $usdc $higher to provide liquidity and invest in culture coins

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martin ↑ pfp

I think for existing coins it’ll be hard / nearly impossible to get the liquidity to compete with the ETH pool (can’t swap it since liquidity is locked) But I think there’s something for new tokens. Create a Clanker-like tool to allow people to launch tokens with $HIGHER and align with the community. Requires no upfront capital from US - the pool just starts with Higher instead of ETH. Very interesting cc: @lght.eth

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↑ antaur ツ pfp

@juli could higher fork clanker and pair all new launches with higher? Is this easy or hard to do?

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Juli 🎩↑ pfp

It should be easy but - Clanker isn’t perfect - I prefer collab with 3rd party projects over doing everything on your own due to growth - benefitting from ongoing 3rd party development For higher ecosystem tokens it would be good to have some flexibility with token distribution - give some to a founding team - give some to higher collective - let community members buy in at a set price - set some apart for incentives Clanker shines with fomo on a new hype coin, among other reasons due to an existing crowd that checks for new clankers. So, it would be cool if random higher memecoins were launched from Clanker with higher liquidity instead of Eth. All kinds of “serious ecosystem projects” could also be started without Clanker, simply using partydao, uniswap, and other existing tools as long as Clanker isn’t advanced enough to support more fine-grained distribution ideas. Hope they support those ideas too because we’d have a win-win of community buy-in 🙂

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↑ antaur ツ pfp

I guess it comes down to some OG whales parting with some of their aidrops to fund whatever pools or mechanism is best fit. That's how start-ups work, you dilute your share in search of growth brought by new talent. Not sure if higher network is a place where this could work. I'd commit 10% of my bag into a DAO fund if the OGs led the way. We could quickly accumulate 2-3% of supply into such treasury and do retro-active grants. Just bc DAOs haven't worked in last cycle is no argument to stay away from this org form forever.

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Juli 🎩↑ pfp

Yep, that’s a must have. I already see some builders that want to work with higher but aren’t sure about the upside vs building their own token project etc .. That said, I prefer having no big DAO treasury for all of higher but letting individuals fund subinitiatives, products, tools which can be run by fewer people with smaller initial scopes, less overhead, less fights for treasury funds that “need to be spent for growth”. > I’d be supportive of quality higher initiatives like /higher-athletics, apps like highercam or good new, long-minded ecosystem projects. I’m also up to support people that build value-add tools like higher filters while more long-term upside might be from projects that can develop into full-scale products (those might use $higher on do an ICO as laid out above, pair their token to $Higher and continue to integrate with the higher network 🙂

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↑ antaur ツ pfp

idea: what if we greenpilled higher? 10% voluntary donation into the higher foundation, imagine we can pool 1% of 1B supply, makes a treasury of 10M at 1B FDV! Distribution via quadratic voting and quadratic funding like Gitcoin, OP Makes higher capital 'productive' and the 'yield' is new projects, hobbies, businesses attracted to build under higher branding. Would also attract new 'investors' for ongoing buy pressure. wdyt?

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Juli 🎩↑ pfp

Sounds like a subinitiative “ecosystem accelerator” that could be worth funding - but that entirely depends on who’s running it, how they plan to run it, make money &or grow the higher economy. If well done, I’d invest higher/eth/usdc - not sold on the voluntary donation. Prob I’d chip in a bit and see how it goes before potentially chipping in more. In particular, I’d love to see some early successes, low-hanging fruit to be targeted 1️⃣fund xyz 2️⃣request for building abc 3️⃣distribute x to top 5 initiatives 4️⃣onboard culturecoins to higher network and higher liquidity And not months of foundation building, pay to employees etc.

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↑ antaur ツ pfp

nice expansion of the core idea! Re donation: maybe I am naive, but I'd put 10% of my stash into a treasury if others and esp. whales did the same. Our equity is then also the basis for voting rights, but capped via quadratic voting. Do you want to have 1% of a 100M coin - or 0.9% of a 1B coin? Defo not interested in building a foundation, more like a minimum viable DAO

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Juli 🎩↑ pfp

(Almost philosophical difference) I follow the calculations and am happy to take on dilution from my personal account for the right thing but I don’t like to get taxed or give my money to someone else & - even worse - many others to manage (especially in crypto). Only in very select cases with a specific purpose/mandate I’m up for it it like investing in people, new projects, value-add common goods. Seen this saying often recently: “Crypto is good for capital formation, not for decentralized capital management” There will be exceptions & I’m happy to make an exception for the right well/small-scoped sub-initiatives, not for a big ecosystem fund to govern everything.

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↑ antaur ツ pfp

good insight (formation vs mgt of capital)! my idea is that if one chips in you manage it yourself, from us by us. BTW we do have the higher party already. we could capitalise this. but then we'd need to re-jig NFT allo to reflect what people have put in

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