HIGHER

job: token analyst. Talk to me about football, sports, crypto, outdoors, growth, econ, investing, chess

I think for existing coins it’ll be hard / nearly impossible to get the liquidity to compete with the ETH pool (can’t swap it since liquidity is locked)

But I think there’s something for new tokens. Create a Clanker-like tool to allow people to launch tokens with $HIGHER and align with the community. Requires no upfront capital from US - the pool just starts with Higher instead of ETH.
Very interesting

cc: @lght.eth

This could be a great way to create and support more Higher-aligned projects

If you’re thinking of launching a Higher-like token and haven’t yet - would this be interesting to you?

plus +

Lead Clank @clankpad || Midwest mom in a California dad bod || Ruthlessly pro Farcaster

Narrator: it’s not too late.

I see 160k mcap, 120k liquidity with 11.5 eth.

I know switching costs are annoying money & time-wise but we should be able to fix it for genuine builders, communities considering the shared upside and I’m sure the 10 eth aren’t even lost in a migration.

Thinking (from bad to good)
1️⃣ just launching a new token hurts current investors. Nothing worse than sudden surprises.
2️⃣ we take a snapshot, issue a new token and “make existing investors move to the new token in correct order to have the same cap table again just with another liquidity pair” (practically migration contract would be needed where people sell current token for eth, you issue new tokens & use eth proceeds to buy higher and add to liquidity)
3️⃣ we do the same as in 2️⃣ but you can adjust distribution with new token to fix other issues (fund DAO wallet, team, offer incentives for liquidity providers or xyz)

@martin 2️⃣3️⃣ might be interesting for more existing projects to copy?