“Club Coin” x Farcaster Drop #1 is live!

A new kind of coin. Inspired by the first ever Farcaster client. 

If you have 10k FID or If you hold an “OG” NFT, you are on the whitelist and can claim at a discount for 24h with the frame

far.club

This is hilarious.  People paid 0.01 ETH for an NFT to join a whitelist to mint another NFT for 0.015 ETH.

There is no commitment from the dev to build anything.  There is nothing you can do with the NFT but trade it.

Who is buying shit like this?

Startup artist seeking inspiration.  Champion of /bcard

I think you're reading into the OG NFT too much - OG started as a FarCraft NFT for FarAgent, and we pivoted here - we designed everything after the OG NFT ended, not before.

We never said what the OG NFT was for, and people still want the OG NFT for discord roles.

Everything was basically built in the last 2 weeks!

We didn't sell an NFT for a whitelist, the OG NFT collection started up for FarCraft, a game on FarAgent that evolved into being an OG for FarAgent/"Club Coin".

If a collectible had a public roadmap it would no longer be a collectible.

Founder @farquest & @wieldlabs.eth, investing @ miy.com // Previously Meta, Coinbase // cryptojcdenton.twitter // FID #251

I can only speak from my perspective - and what I saw is a frame for Club Coin telling me to buy an NFT without saying why.  Then that same frame says this NFT gets you a whitelist spot to buy another NFT.  And that NFT can be burned for ERC20s.  Can you see why this looks extractive AF to me?

You could say you had another intent, but that intent is not available to me on the frame, website, or channel.  Soooo…does that intent really exist?  I still don’t know.

We didn't sell an NFT for a whitelist, the OG NFT collection started up for FarCraft, a game on FarAgent that evolved into being an OG for FarAgent/"Club Coin".

If a collectible had a public roadmap it would no longer be a collectible.

https://warpcast.com/jc/0x4210a84a

Creating content with code: @harmonybot /bot-or-not | /blitkin | /orange-dao | IRL: YC W15 Construction tech founder

"nothing you can do with the NFT but trade it"

I don't think there's anything inherently wrong with that if you like the NFT.

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

No it’s way more innovative than that, you can burn the second nft for some erc20s

Does the 2nd NFT whitelist you to mint a 3rd NFT as nauseum? Because that might work lol

Founder far.quest & @wieldlabs.eth. Investing miy.com ventures. FID #274. Previously Square/Cash App. https://hiimnico.xyz/

The mechanism is pretty confusing to me.  It seems like you say the same thing twice in “How it works”.  The last line was the most understandable, it looks like you are trying to get people who buy in to wait before they sell.

BUT it doesn’t answer what Club Coin is, what it stands for, or why anyone should buy into it.  The manifesto is equally devoid of meaning.  Looking at the project by itself (I had no idea it was connected to FarQuest), it looks like a slick drop meant to grab people’s ETH.  It doesn’t look like an attempt to build a product or community.

This feedback was given with openness and honesty because you asked for it.  I can only speak from my perspective.

Can you check the mechanism in “how it works” and give me feedback based on that? The mint pool in the UI go to the LP pool for the erc20 and not us 

Initially the UI on the frames was confusing to some so we fixed it based on feedback

My rule is: if yoiu're whitelisted for an NFT and there is an option to buy more than 1, I don't buy any.

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

Sorry but this looks like MAX EXTRACT to me.

https://warpcast.com/keccers.eth/0x8b82f009

This is how the grift works. They’re virtu signalling to those who wouldn’t ask these very logical questions. The ‘only vibes and hopium’ crowd is their target audience. 
Now we see how many people fall for it before they inevitably get rugged.

I looked at it and shook my head. 

I’ve had enough of buying stupid ass nfts

Today I was telling my friends how much we have started to think about projects, and that last spring, in the euphoria, we would not have even thought about it, we just take a few if there is hype)

Cosmonaut🪐 Staker. Tester. Noderunner on vacation. Based and early for this onchain summer 💙💙💙

Ah yes.  NFT for early access to NFT that can be burned for ERC20.

Such utility!

They are biting that this nft can be changed on drop

HuntTown

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