Cole Benzema

Researching. Building. Investing.

R&D with 1435 Capital

#Web3 #Crypto

[Cole Benzema @ColeBenzema]

@otc_labs Huge buyback + burn coming for $OTC tomorrow once they go back online after Meteora integration.

[Cole Benzema @ColeBenzema]

Assuming rewards and buybacks + burns will continue collecting until Meteora integration happens tomorrow?

That's going to be quite a large burn for $OTC tomorrow.

[Cole Benzema @ColeBenzema]

Does this help $OTC ?

[carl @initwithcarl]

The Pumpfun Mobile App is temporarily unavailable to download from the US & India iOS App Stores.

For everyone that already has the app installed, everything is operating as usual, and your funds are safe. New users can download their apps from the Google Play Store. This only affects potential users that want to download the Pumpfun App for the first time from the iOS App Store in the US and India.

We expect for the app to be listed back again in these geographies soon.

The team will continue shipping updates to all users. Business as usual!

Sent from my Pumpfun App

[Cole Benzema @ColeBenzema]

Don't have any myself but keeping an eye on @otc_labs updates.

New buyback % increase seems to be pulled from the Desk Pot so inflow to the Pot contract has slowed heavily.

Website details aren't explaining how it's being funded atm but expect payouts to decrease significantly.

The Desk NFTs are a unique draw to the platform and would be disappointing to see one of the revenue streams taken away.

[Cole Benzema @ColeBenzema]

Did you guys think I was the only person in the VC space to think this? OTC COULD challenge Pump.

And Pump knows it.

[Cole Benzema @ColeBenzema]

Watching this play out in real time is interesting. Seems Pumpfun was interested in working with @otc_labs in bringing stockcoins to their site.

Seems they decided to do this themselves.

$OTC has some superior capabilities at the moment but $PUMP has the money and base behind it. Pumpfun has taken a big hit lately from Robinhood, however.

If, and it's a huge IF, OTC can keep composure and build a strong team around this site and product...

I could see a flip happening in the future.