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NEYNAR IS DOWN - RESTING

@clanker how does liquidity for your tokens work on deployment?

but where is the initial liquidity provided from?

working on the studio, dao, bot 

@clanker

Story teller / student of culture / disruptor

I was wondering the same thing… how are there mysteriously buy’s on my just launched shitcoin, $MAYO, and then who and how is there selling. And where are the tokens distributed to? Because I certainly didn’t receive any. Sounds like @proxystudio.eth is front running us through @clanker… 

All jabs aside, @proxystudio.eth, can you help answer?

An ecosystem novice trying to navigate web3. Teach me. /wealth /todayyearsold

Clanker uses one sided liquidity in uniswap v3.

So when the pool is created, there is no ETH, just 100% supply of the newly created token. So no real dollars are put in to start.

But how it has a $30k marketcap is that the one sided liquidity is priced so that to buy the tokens you have to buy them at the set price.

For example, say there is 1 million tokens. Each token would be set at $0.03 to start so the market cap is $30k.

You could almost think of it in terms of NFTs where the mint price of each NFT has a starting price and then trading goes from there.

ツ Onboarding Devs @ Mina Protocol to build an verified internet | Voluntarily educating students @ITUBlockchain | Co-Founder @maslaklabs

Building /stokefire a mobile strategy game onchain. Run and own poolfish.xyz a calculator for LP providers. Built Potion solo and sold for $300k.