atareh ✳️
@atareh
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your favourite influencer's favourite influencer / i write + design systems @feyprotocol
Joined April 2017
You should read this because - we need more of such founders 👇 “…if we win? then we’ll have done something that impacts our industry in a big way, proving that purely extractive economics isn’t the way to build long term value, and serve as an example to all those building
incentives matter and design dictates destiny this drives the core decisions we make at fey take for example, founders in crypto - majority don’t have a good reputation and are known for being extractive, why? whether it was the nft founders in 2021, or launchpad founders in
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The first presale on CLANKER had some fundamental problems - which is likely a reflection of the different philosophy and approach to crypto, fundraising and the incentives the farcaster team are optimizing for. At a high-level, the problems i saw was: - 6 wallets got all the
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incentives matter and design dictates destiny this drives the core decisions we make at fey take for example, founders in crypto - majority don’t have a good reputation and are known for being extractive, why? whether it was the nft founders in 2021, or launchpad founders in
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fey is one of the 10 hooks approved on uniswap 😎 we’re small but mighty, agree this approach should change but shoutout to the @Uniswap for the approval of our hook fey mode ✳️
the saddest part about uniswap v4 is that there is 554 people in their discord asking how to get their hooks whitelisted meanwhile only 10 have been approved - and only multi million dollar corporations get in - uniswap v4 is the most centralized tech in crypto rn
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1⃣ In the coming weeks, Token Generation Ceremonies will be going live everywhere Meaning: you will be able to launch your token on the launchpad of your choice with Fey or Clanker to start, and Virtuals, Zora, and other launchpads later. If you don't know what a TGC is, put
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We’ve been cooking over at Fey these past weeks We have 3 updates 1) Token Generation Ceremonies are coming everywhere 2) Sneak peeks to a major website revamp 3) Foundation token allocation to @SamScolari ✳️
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$FEY was initially launched with an early version of our TGC mechanic. TGCs solve a lot of the token launch issues seen over the past several months and we believe it's a very valuable addition to a deployers toolkit, so we want to bring them everywhere! TGCs also accrue value
1⃣ In the coming weeks, Token Generation Ceremonies will be going live everywhere Meaning: you will be able to launch your token on the launchpad of your choice with Fey or Clanker to start, and Virtuals, Zora, and other launchpads later. If you don't know what a TGC is, put
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The first presale on CLANKER had some fundamental problems - which is likely a reflection of the different philosophy and approach to crypto, fundraising and the incentives the farcaster team are optimizing for. At a high-level, the problems i saw was: - 6 wallets got all the
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despite a plethora of anti sniper mechanics, token launches are still broken in the industry, token generation ceremonies are the next phase transition every token should launch with a TGC, and we will make it easy for creators to do this anywhere onchain fey mode soon ✳️
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"It's not about who got here first, its about who stays." – Mike
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TGC launch, instead of a bonding curve, makes sense on many occasions in the current market. If you're launching a token, why not consider TGC? (btw stands for Token Generation Ceremony 😉)
Why projects should launch with a TGC Fair-launching tokens on a bonding curve were great for bootstrapping token communities from 0-1. The game was that because early buyers are taking more risk, and so they should get more tokens than expected to pay them for their risk
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the world needs more ownership fey ✳️
I think someone once said long what the world needs more of and short what the world needs less. Currently using this as my base framework in my end of year report deriving new theses for digital assets in the years to come. I think this Industry at large especially capital
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if there’s something I’ve learned after 4 years full time in crypto, it’s that most things happen in waves a big surge, followed by a slowdown, a recessing of the wave and what follows is an aggressive return of liquidity time and time again, this pattern plays out your job
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if crypto is all about capital formation then the most valuable problems to solve revolve around token distribution i.e. how to launch a token
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TGCs act by front loading partial demand to the time before launch. Rather than making it a free for all in the open market They still preserve randomness (TGC spots are always limited) and they don’t villainize snipers (snipe away!). They just setup a situation where most of
Why projects should launch with a TGC Fair-launching tokens on a bonding curve were great for bootstrapping token communities from 0-1. The game was that because early buyers are taking more risk, and so they should get more tokens than expected to pay them for their risk
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