Once again, we are the Moodeng Eth Indonesia community, still consistently doing charity activities, and this time we shared our experience and donated to the Mother's Wing Foundation in the Bintaro area of South Jakarta, Indonesia. Just do only good every day.
#Moodeng
#moodengeth
Another day, another update 🚨
This one is for the creators! We already offer the best value proposition to project creators by MILES, but today we are going one step further.
We have updated our platform contract to now no longer burn the LP, but lock it for a month to the deployer wallet of a project on https://t.co/10iHTJZCfZ. So instead of burning (throwing away) ~4 Ethereum upon bonding, it will now be assigned to the creator of that project to manage however they see fit.
The community still gets their safety, as the projects are still unruggable (for the first month), and the developers get another BIG incentive to choose https://t.co/10iHTJZCfZ over any other launch method. We have chosen to go with a month to allow flexibility. If the project dies quickly after bonding, there's no reason to keep it locked up for a year. If a project does very well 30 days in, developers can easily re-lock for as long as they want (and the community should definitely push for this).
And of course, there's revenue generation involved, due to locking the LP instead of burning it, we are now earning an extra ~ 300$ per project that bonds.
Note: the above applies to all projects that are deployed from now on, projects that are already live right now will still have their LP burnt upon listing.
@joeykrug@VitalikButerin@RokoMijic GM Joey, https://t.co/Py3W0njdiP has a testnet launching this quarter with an adjacent team building a POC - @xcomerc20. I think the team is at EthDenver, their trying to close their seed round too. Worth checking out IMO.
@ScottHech Scott, your movement is designed to destroy the institution of public safety. And when the burden of the social contract shifts to the citizen you appear to be outraged.