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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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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
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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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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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