Quick update $TROLLANA conquering Solana and sitting on a 20k mcap.
It could bond by anytime... Are you ready $TROLL?
2NXtFf1RqdUCcCM6xh2yPaYGUcp1ymyt65wgQU3Zpump
#Solana#Trollana#Memecoin
Locking my PFF holdings for 3 years
I have invested in many small meme coins and have always bag-worked the projects I invested in. However, no matter how much work I or a group of active community members put in, most of these projects slowly bled out, dumped, and eventually got dusted.
Gradually, it became clear to me that in most cases the devs or insiders were dumping on the side. There is no other reason why a project with an active community gets nuked.
I have also invested in big and successful meme coins like $TOSHI, which I saw succeed because the team did the right things and the community supported it.
When I stepped in as CTO of PFF, it was initially to try and save my investment. However, the support from the community inspired me, and I made it a goal to build PFF into a meme coin to be reckoned with.
As we built the community, it was heartening to see a core group of members providing relentless support. That strengthened my resolve. It became my mission to take PFF to great heights and show the crypto world that it is possible to build a meme coin the right way โ and make it successful.
It became my goal to do the right things, to the maximum extent possible.
Today, I am taking a step that corroborates my commitment to this project by locking all my PFF holdings.
The inspiration:
As we all saw, $WHITEWHALE has been wildly successful. More than the price action, the way the dev, the trader @TheWhiteWhaleV2 led the project after taking over truly inspired me - by locking his holdings and amassing a big treasury for the project, he is making WhiteWhale unruggable.
However, locking supply indefinitely felt extreme.
Then came $BIGTROUT, where the dev locked his holdings for one year. That gave further shape to my thoughts.
While CTOโing PFF, I have put in a considerable amount of my own funds to accumulate PFF supply โ partly to support the chart at critical moments and partly to have more supply under committed hands.
I now own around 18% of PFF. This is besides the 5% I already gave up for the burn at 75k market cap.
I will donate another 5% from my holdings to be burned at 1M market cap as planned โ because the project treasury (fees wallet) will not have enough buffer to execute that burn alone.
I have decided to lock all my remaining PFF holdings โ 13% โ for 3 years.
โข 11% will be locked for 3 years with a 1-year cliff and 2 year vesting - that is, lock for one year and then unlock gradually at ~0.42% per month for two years.
โข 2% will be locked for 2 years with a 6-month cliff and 1 year vesting - unlock gradually at ~0.11% per month.
The unlock totally will be only ~0.53% monthly. (Unlock doesn't mean it will be sold. I will be a net buyer of PFF as long as I can.)
These holdings will be moved into separate wallets and locked.
The 5% to be burned at 1M will not be locked, but will remain in a publicly disclosed wallet so it can be tracked transparently. It will not be mixed with the creator fee wallet.
In summary:
8KmGi6xgzacP6W8DmSd19GYxks5MqHEoWif3cMK7NW6V โ 10% locked for 3 years
https://t.co/OepO0SQG8K
D9vBCeSKrZZC82qntKJZEBE99EGEPREtiwo17bFRT88f โ 2% locked for 2 years
https://t.co/G4Jdyctx7h
D1PuXuCy2HVri1qBenVEoWURXhcnVThRzBp86kVYAWtN โ 5% earmarked to burn at 1M mcap.
We have already permanently removed 50M tokens from circulation (through the 5% burn at 75k mcap).
With the 5% burn at 1M market cap, 100M tokens will be permanently removed.
And with the 13% lock, a total of 230M tokens will not be in circulation.
The words of WhiteWhale echoed with me โ I donโt do anything halfway. If I commit, I am all in.
The goal here is:
To make PFF unruggable โ and a crypto meme project that can only thrive.
Inspired again by White Whaleโs words, another pillar of making PFF unruggable is thick liquidity. This is already part of our roadmap. Reading his thoughts reinforced its importance in preventing price manipulation.
We will take steps toward building deeper liquidity when the treasury has sufficient funds. Right now, our fees wallet holds ~3% PFF supply acquired from buybacks. We will gradually form a stronger treasury with surplus tokens and take steps such as adding thick liquidity pools and on-chain market making.
We are making it clear once again:
PFF is here to stay and thrive.
The vision is nothing less than Valhalla.
For Valhalla. For PFF.โ๏ธ
Every week, new opportunities.
โก๏ธ Thor Trading Contest is live again.
Every trade counts.
Top 3 traders take the rewards.
๐ Climb the leaderboard
๐ฐ $150 prize pool
โณ Ends Friday 18:00 UTC
Are you in or still watching?