Naomi
@afrochicks
guys i have been in crypto for 3 years and things are still TOO complicated please let me test your products and give honest feedback on how to make it at least sound simpler cos i have an actual crypro use case which i know your products can solve but im tired of feeling stupid all the time here 😭
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Naomi
@afrochicks
3. clanker i love the idea of it and it seems easy enough but it terrifies me cos whats the difference between me launching a clanker and what hawk tuah girl did which got her cancelled and in trouble also dont know how someone could make their token even succeed i think this would be an incredible way to fund my olympic journey but feels so scary and risky
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Kieran Daniels 🎩
@kdaniels.eth
The difference is she “rugged”. So she bought a bunch of the supply at first and then when it pumped she sold it all and wiped out everyone’s money. Also it wasn’t her it was someone else doing this and she agreed, she still guilty of course. Clanker launches the token and then everyone can buy at the same time. So that can’t happen. But people can “snipe” and buy a bunch quickly on launch and then dump it like she did. The current issue with clanker imo is the token creator can’t by ANY of the token so it makes doing one kind of pointless. I hope they implement a way for the creator to buy a % of the supply automatically or I think it’s kind of worthless to most people as is.
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AJ
@awedjob
What do you mean? I have created two different tokens on clanker ($WMZ & $SPED) and I have bought both of them. There’s a bonding curve that controls the price. Anyone can buy in once it’s live.
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Kieran Daniels 🎩
@kdaniels.eth
You’re “market buying” at an inflated price because bots have already “sniped” it by watching the deployment contract and instantly buying. So you could have got like x10 the amount of tokens for the cost if you were the first to buy. It compounds drastically at first. So if the dev can auto buy like 1% at the beginning they get that amount at the cheapest rate. This benefit normally goes to an attacking bot.
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AJ
@awedjob
Oh, okay. I see. Thank you for explaining that. It would be good to see what % of my tokens these attack bots have sniped and at what price. The last thing I want to do is increase liquidity in my tokens only for it to be exit liquidity for the bots and those who run them.
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Kieran Daniels 🎩
@kdaniels.eth
For sure! And ya that would be interesting to see. But also this is a systematic issue with open blockchain and nothing to do with clanker directly. They are thinking of ways to combat it though.
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AJ
@awedjob
Today I am planning on making a small LP for my $SPED token with ETH on $BASE. Is there a way I can do this without it going to the bots?
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AJ
@awedjob
And I am impressed with the clanker team. My first token was $WMZ and a week later when I made $SPED, they had already made improvements to benefit the creators.
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