Memecoins are businesses. As a meme founder your only job early on is to ensure each token sold gets positive ROI. This exceeds all other factors. If someone doesn't bring more financial, social, cultural or creative capital than what they can extract, they should never be allowed the opportunity to enter early. The founders most important task is actually layering supply distribution to most positive ROI first, just like a real business. 2 common ways to kill coins are preferring friends, preferring silent whales and preferring timeline jeets. Friends are people you like, which frequently leads to ignoring objectively negative ROI. They're often along for the ride and it might seem fun, but they're not actually bringing more than they take, just like a family business. Silent whales may also hold, but their total lack of social influence or promotion often makes their ownership of supply costly. They are waiting for others to "do something" instead of doing it themselves. Timeline jeets doesn't need explaining. People who cannot hold more than minutes should never be allowed the opportunity to buy early unless you have a setup to ensure volume is eaten or gets you positive fee ROI. You can either think about this at the outset, or wait years to achieve the same organic distribution, by which time a lot of the other factors of success (energy, momentum, enthusiasm, etc) may have waned by more than what you gained in achieving distribution. Solution then is to think about ruthlessly at outset, because it's the absolute key to success, all being equal. Never let someone hold a coin who doesn't bring more than what they take
One of the best on-chain buddies I have.
He was early to $PONS.
He was early to $BROW.
And he was very early to share the vision for @Torchpaddotfun.
It’s not the next Launchpad.
It’s not the next Terminal.
It’s not the next Trading bot.
To understand that, you will have to look under the hood. You will need to dig. And once you’ve seen the vision you realize how much is being built.
Complete to compete 🫡
Deploying a factory on 1 chain and adding a frontend to it is one thing. Done in a day maybe 2.
Deploying fully customizable token launches, multi-chain, backed by a terminal, non-custodial wallets, one balance-multichain trading & a blazingly fast telegram bot and much more I can't tell yet, is another.
Let's cook and win. Up and to the right.
I got tired of getting 10% off market fills on @fomo so I did some digging and here are the actual mechanics
not accusations, just digging into this b/c execution has simply been terrible and kills users' pnl slowly
TLDR: only @RelayProtocol and fomo could be front-running user flow. external users cannot.
Swaps on fomo work like this:
1) user taps buy on fomo
2) fomo sends the order to relay (size, dest chain, dest token)
3) relay prices it and picks the route
4) if same-chain: swap happens on that chain.
5) if cross-chain: fomo sends usdc into relay’s vault on chain A (amount + order id). 1-3s later relay’s solver spends its own money on chain B, buys the token there, and sends it to the user.
so the only entities with the full swap info b4 the actual fill are fomo at step 1, and relay at step 2
malicious internal actors at fomo or relay could use this info to buy the token at step 1/2, and sell after step 4
this would be basic order-flow front running btw, not MEV/sandwich attacks. vocab matters here.
im not making accusations, im simply reasoning thru the data as fills don't make sense to me and i need to understand why
i really like fomo as a discovery tool and use it every day, but execution/fills has been terrible and i felt the need to look into it
the very first 4 figs pnl has been printed by a community member with the Torch tools, this user will forever be legendary.
amazing to see, much more to come.
up and to the right fam.