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 š
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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
10 replies
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Kieran Daniels š©
@kdaniels.eth
The difference is she āruggedā. So she bought a bunch of the supply at first and then when it pumped she sold it all and wiped out everyoneās money. Also it wasnāt 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 canāt happen. But people can āsnipeā and buy a bunch quickly on launch and then dump it like she did. The current issue with clanker imo is the token creator canāt 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 itās kind of worthless to most people as is.
3 replies
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Jack Dishman
@dish
dev buys come with cons as well, predominantly introduces the rug pull mantra where they can act as the snipers and dump on their community since we deploy the coins on behalf of the requestor, we'd have to build out an escrow contract to store dev buys imo presales are the most "fair" way to launch
2 replies
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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. Thereās a bonding curve that controls the price. Anyone can buy in once itās live.
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Alex
@asenderling.eth
This isn't accurate. I don't think any of the supply allocated to Welch was sold, better sleuths have already done write-ups on it but a massive amount of the supply was sniped. That combined with the presale to KOLs (some, but not all of whom sold) caused the token to look like a pump and dump.
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