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🌈 YON
@yonfrula
i love how clanker normalized releasing tokens just for fun, without expecting anything else from anybody. it used to be such a huge deal to release a token a few years back, when it’s actually the simplest, most natural thing to do onchain.
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kia
@kia
yes but also no there were a bunch of weekend products that launched tokens and then stopped working on the product and you don't want to dump on your friends
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🌈 YON
@yonfrula
yeah, there will always be fake promises and rugs, of course. it's on the buyer to find the signal among the noise...after all, we decide what to ape into.
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kia
@kia
no i don't think these were rugs. it's a problem of liquidity prior to market fit. like larry for example i don't think df wanted to rug and idk if he's still working on it or not but like makes sense if he didn't find pmf and pivoted out of the product but like what do i do with the token now?
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BrixBountyFarm 🎩
@brixbounty
yeah I have a small graveyard of tokens I was buying to support builders who pretty much faded on their initial energy, glad I traded Larry day one only. I think its a mix, cause there are definitely an array of clankers that were dropped with "utility" or use case in mind and somewhat similar to the AI wave at the moment, the aspect of utility helps fuel speculation.
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🌈 YON
@yonfrula
totally agree. although not familiar with larry, i believe the liquidity prior to market fit just allows for hyperspeculation. and it could definitely be bad for the project itself, if the token is released when there’s truly no product out there or near to be released, people would ape for the money then dump if there’s no immediate update… something to think about when doing these kinds of moves as a dev/founder, it’s really a double-edged sword. as to what you do with the token now, i mean…there’s not much more than just selling and moving on, unfortunately i normalized this way too much 😅
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