jason (w/acc)
@jasonkim.eth
Introducing precoin.fun — a premarket for creator memecoins. Excited to launch our latest Farcaster mini app on Base! @precoin lets anyone mint a "precoin" — a tradable ERC-20 memecoin representing early belief in a creator's potential to launch a real coin. A permissionless speculation market on social clout. Each precoin has its own liquidity pool and trades freely. If the creator later launches (e.g. on clanker), the ETH from the precoin pool buys the official coin onchain — and users can burn their precoin to claim the real coin. Anyone can scout and launch a precoin for any caster. Scouting = being the first $1000+ ETH into the LP. Scouts earn 10% of all trading fees on that precoin which can be burned to claim real coin if creator launches one. We’re testing 5 casters today: @ace @horsefacts.eth, @proxystudio.eth @igoryuzo.eth and will be expanding to every Farcaster user soon.
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rizzle
@rizzle
the precoin is traded on uniswap if im not mistaken, which makes it a regular coin. pls correct me if im wrong, otherwise this is just deceptive marketing and branding
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jason (w/acc)
@jasonkim.eth
yes precoins are coins that trade openly on uniswap but as soon as the creator launches a coin e.g. on clanker the LP funds are used to auto buy the new coin Then the precoins can be used to swap to the new coin It’s basically a way to subscribe to a memecoin from a creator before they launch one
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