When Raydium launched in 2021, we became one of the first platforms to implement buybacks at scale.
We don’t have an equity structure, because that didn’t exist at the time.
The goal has always been build a platform, grow revenue, drive value to $RAY.
Flash forward to today.
The Protocol has spent $200m to buyback 30% of the circulating supply (85M $RAY). The adjusted circulating supply is ~187M $RAY, when you account for bought back tokens.
Raydium holds ~$62 million on its balance sheet in SOL and USDC, publicly verifiable onchain. Our net dilution is a rounding error (some small liquidity incentives). Team and investor unlocks ended in Feb 2024.
My view as an operator is simple:
- grow revenue
- spend responsibly
- decrease supply
All of this is spot on
What we do with- and for them while they’re still in this realm with us, echoes within us for the rest of our lives
Honor your parents, for without them we wouldn’t even exist, we owe them everything
One day, you’ll bury your dad. That’s when you’ll realise you’ve lost the only man who genuinely wanted you to win.
If he’s still alive, here are 15 things you should do with him before it’s too late...
Most launchpads meet teams only when they are ready to raise.
Through Colosseum, MetaDAO can observe founders as they develop their products over time rather than judging them from a pitch alone. This does not guarantee better outcomes, but it gives MetaDAO a stronger basis for deciding which teams should reach the market.
From there, promising teams that raised private funding earlier can use STAMP to commit to the ownership coin structure and launch publicly through MetaDAO. Early investors receive a reserved token allocation that unlocks linearly over 24 months, replacing their private investment claims with token ownership.
That makes Colosseum a repeatable source of founders for MetaDAO. Similar relationships with other accelerators could materially expand its launch pipeline.
STOCKLANA
The stock market is open for building.
One week to build something innovative with stocks on Solana. $100K in prizes.
Sept 11 - 18, opening bell to closing bell:
https://t.co/JU1uP3xWh7
MetaDAO is rethinking capital formation for startups.
Most launchpads help projects raise money and then step away. MetaDAO uses token markets to govern some of the capital decisions that come next.
Capital raised through the platform enters a DAO treasury with spending limits. When a project seeks more funding or wants to change how its treasury is used, it can submit a proposal to a decision market. Traders estimate what the token would be worth if the proposal passes or fails, and the difference between those prices determines the outcome.
Four approved proposals have raised another $13.34M for MetaDAO itself since launch. Two passed only after earlier versions failed and the terms changed. The same process has returned remaining capital to investors when projects were wound down.
This model depends on active tokenholders. One restructuring passed with only seven wallets and less than $700 in volume. Across 12 launches, a median 52% of allocated wallets sold some tokens within seven days. It remains unclear whether launch recipients will become long-term owners.
The opportunity is larger than a better token launchpad. If tokenization becomes a meaningful way to fund operating businesses, MetaDAO could develop into a founder platform for a new generation of companies raising capital online.
@mitchellsniffle@MaxHirsch13@joypbuilds@GeorgeLampro20@benzion_b@itsmehakvohra@ronan_0 the blockchain (solana) is the infra/backend, and not where get your users/customers
too many ppl get stuck in the solana (web3) bubble and do no actual marketing or ads targeting users outside of this bubble, it is a tiny market compared to ex ios/android appstore users
Dinosaurs are dead. Long live Deaton on @Solana.
The acquisition of the first ever tokenized dinosaur is 59% complete
Own a part of history: https://t.co/j89xsZUZUz