Once again, don't let scammers kill your Vibe.
We'll do a proper announcement prior to release with an official launch date.
Our CA will NOT be live prior to the announcement.
Im focusing on getting our app developed and published. We’re nearing final stages. It has taken longer than expected but its an important part of growing vibe. Our goal was always to onboard new people to music and crypto and we see this as one of the most viable ways to do that.
building takes time, early-stage teams need months, not days, to turn a raise into real progress
short-term price action doesn't matter, long-term value does
backers that understand this will win
I've been less active on socials and more focused on developing and talking to potential investors/partners.
Despite this we are still very hard at work:
- a lot of my time has been consumed with app development
- recruiting
- further integrations
- we have a workaround to use allow instgram integration that I have been testing.
God speed, you'll be seeing more of us as market improves.
analysing pump sniping and how projects can avoid:
9 days ago, @vibe_us_com launched on @devfun, a launchpad build on @Pumpfun.
the project was sniped on launch.
CT thought: team rugged.
but the story is different - here's my on-chain analysis:
firstly, let's understand:
how token launchpads like pump works?
1. token is launched on bonding curve
2. traders can buy/sell tokens from this curve, and if enough people buy and there are no tokens left (i.e 80% tokens sold), then token gets migrated.
3. token gets migrated to launchpad's amm choice (eg. pumpswap)
here's one thing that 99% folks don't know about migration:
the migration instruction on pump (or any launchpads like meteora) is complete permission-less and off-chain:
i.e anyone can call the instruction to migrate the token
however, typically the launchpad teams run off-chain clankers (cron jobs) to call the instruction to migrate tokens
abstracting this process from creator and developers - and it looks like migration is automated by launchpads
but anyone (even you) can migrate the tokens!
back to vibe launch:
during migration vibe got f'ked.
- sniper waited for the bonding curve to complete, and even before it completed, they kept on calling the migration instruction with jito tips for 3-5 mins
- before pump could have called the migration instruction, sniper called it by repeatedly spamming
- in the same txn as migration, sniper included a buy instruction of ~394 SOL [4]
- before anyone else could have bought from the AMM pool, sniper already bought at the best price by buying in the same transaction as migrate.
→ vibe got migrated with 206.9M VIBE & 84.99 SOL (from bonding curve)
→ in this migration tx, sniper bought 394.16 SOL worth of vibe and kept on dumping on the retail trader.
→ the sniper made made $500K+
who was the sniper?👀[2]
to accomplish the above, sniper was using a custom program [3] to snipe and sell the tokens.
CT thought of this as magic: because signer wallet and seller wallet were different (seller wallet was owned by the custom program i.e PDA).
props to @devfun for rectifying this in their next launch: they started doing token migration in the same txn; preventing the above^🙌🏻 [5]
why does it all matter?
in all of these, retail is the BIGGEST looser.
the whole vision of internet capital markets is to have retail fairer access to assets.
people with such sophisticated systems (eg. the above sniper) have an unfair advantage over retail.
this can be solved by:
1) better markets micro-structure (props to all launchpads and amms)
2) giving EVERY trader access to such institutional-grade systems and level the playing field
i'm 100% committed on solving 2) –– dm for more!👀
Dmans what I did today journal:
- updated the site
- tested security on site and was able to confirm all the updates are secure
- made a discord bot so that the team is ontop of applications. Update the admin portal so we can view applications easily on all devices and tested the approval flow in prod.
A little bit of a daily reminder. Time is finite. I don’t respond to the dumb yap cause it is low ROI. I prefer to use my time being productive and building. I’ll respond to genuine questions if they arise. To the people tagging me with random hate. I became a millionaire before Vibe without posting a single bit of hate on twitter cause I used my time effectively. I suggest you do the same :)
Dmans what I did today diary:
- booked a meeting with someone from another platform that has a great app. We need help from them getting our app approved and improving the ui/ux
- fixed a problem in the backend infrastructure that was causing our cloud hosting to cost 1k a day. A time.sleep() statement was missing 😭
- setup a authenticated access for our artist approval infra and tested access to make sure no one else can get in.
I got some really good advice from
@giuoctavianos today about building in public. Welcome to dmans what I did today journal
- me and my cofounder booked a meeting with a vc firm
- spoke to some of our current investors about what they want to see
- planned execution for another way to onboard users
- reached out recruiters and a couple devs in my circle to try onboard them
- booked a meeting with the manager for Nicki
- hired a temp va to assist with handling the @VibeValidated artists
- add the vibe validated form and a system for admins to approve artists
- added "vibe charts"
- spoke to a brazillian artist about onboarding him and some of his creator friends https://t.co/8Byev4dfY1
with love Dman of Vibe
@cryptoautoapp @vibe_us_com That is one thing that I have heard a lot. The Vibe account is managed by a social media manager who also does the creatives.
Thats the reason I have been using this account for quick feedback. Will re-evaluate
@LtSendit We posted a roadmap pre-release. We are just updating it with prioritised requests. Also it’s not amateur at all to ask users what they want to see. We’re just closing the feedback loop. Ever used an app and been asked to do a survey or submit feedback or a review?