💥 Just shipped a huge new experiment to the way Larry works, would appreciate a recast so that we can inform users 💥

1. No more 3 ETH min, *Every Larry launches an ERC-20*, provided at least one round participant
2. No more 3 ETH max
3. Neynar scores > 0.7 can now participate. That's 26K users
4. We have improved the LP position setup, tokens should be less volatile early

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

Why did you cancel the incubation threshold of 3 ETH? It was a good idea because if the project/idea isn’t worth even 3 ETH from early supporters, then it’s just ordinary garbage. By removing this threshold, you’ve started spamming the blockchain with nameless tokens that will remain stuck at their 30-40k market cap forever.

Here's why we did this.

1. No more 3 Eth min. 

We spoke to users and many with smaller followings couldn't raise rounds. They will go to another tool without this requirement and get sniped. We thought the 3 Eth min would filter for only quality tokens, and it does to some degree, but it mostly filters based on creator's distribution