lee

i just tell the truth, and telling the truth is crazy in a world full of lies.

[lee @beachlesslee]

mindshare changes pretty quickly between launchpads these days, so wanted to share my pov of why it happens.

just took the ones that i trade tokens from, smaller ones are not included. it's a pretty long read, so if you don't care about certain launchpad, skip the part about it.

i don’t have a favorite one and i don’t care about defending or fudding any. my belief is simple: it’s not about the launchpad, it’s about the token. some tickers or lores just fit a certain one better, like lets say $uranus on jup.

sometimes i’ll drop my thoughts on how to improve. sometimes it’s just feedback. and a couple crashouts.

1. @bonkfun

for almost a month, bonk was an obvious winner, even though still compared a lot to pump, which meant they still had a lot of improvements to do to be the golden standard and an actual long-term winner. the marketing and timing (pump ico, @a1lon9 going mia) made their position as number one very well deserved. but how did it return to tradition that quickly again?

on a high level, bonk didn’t bring much innovation to the table and didn’t fix the actual issues of trenches, like farms and snipers, etc. so their main edge was mostly marketing and a community oriented approach, which worked till the moment alon came back and literally injected more liquidity into top pf community tokens.

one of the core issues is that they put $useless as the only index for the whole eco. when it dipped a few %, the whole eco nuked and when it bounced, the eco followed. same goes for @theunipcs being the main character.

this “pump are only extracting” approach maybe worked in the short term, but at the end of the day, the point of every business is to profit, so no matter how much i wish pump put more back into the eco, they don’t owe anyone anything. especially when that will be the endgame for bonk too.

and diving deeper, this “we support communities” approach ended up just being tweets in most cases. it worked in the beginning and for short-term pumps, but after it became obvious there isn’t much more to it, the impact almost disappeared. note that i do not mean tweets are not effective. with most dumb trenchers mindsets that’s probably the main thing they are looking for. but that did not make bonk any different from pf too.

when it came to real support, the best announcement was bonk top pair buybacks. but here was the catch. while pushing the community narrative, the buybacks were for top mc, not communities, which obviously brought a lot of backlash from active communities. in the second round they cut useless, but still had stuff like $ani, which had no community but rather holders, as it is a very situational token dependent on elon interactions. that is where a true community showed real power. @WangChaidotbonk holders bombed @SolportTom and everyone involved so much that, in the end, they were added for buybacks the second time.

but the question remains: why mention communities nonstop when you didn’t acknowledge the biggest community in your eco as worthy of buyback? and it’s not subjective, it is literally the biggest x community out of all bonk eco tokens.

after that, no new buy backs have been announced.

and it’s still probably the most hard-working community i’ve seen. with leaders like @Silt73 and @0xAndy_eth constantly pushing the project, the way bonk never did. it was great seeing tom’s replies from time to time, but after two weeks of just replies and no action, everyone got annoyed. i’m sure #旺柴 deserves way higher no matter with or without bonk, and some action was only taken when the community started pointing it out to tom, so now you can see @iamkadense and @Branche_SC interacting and having calls with cto leads.

after the buybacks backlash, things started getting worse and worse, probably because tom felt like they won completely. the $ani personal buy announcement was probably the most fudded decision. i’m pretty sure almost every community was not happy and was confused. why the new situational token, fully dependent on elon interactions, instead of tons of other choices that chose bonk and not pf?

$boss was probably even worse. it’s okay to crime a coin to bring attention to you, but same, it could’ve been launched anywhere, and it was too obvious of a crime, when the meme isn’t even that fun and everyone had already forgotten about this ibiza guy.

the amount of original bonk tokens to choose from was insane, just to name a few:

$monkey, probably the smartest dog ever, viral af
$kori, literally the most viral dog for like a year already
$memecoin, do i even need to explain?
#旺柴, the first and only successful chinese ticker ever
$detective, if you want a situational one

each of them had crazy communities of bagworkers and good traders, like @_rudie_dz, @thisisdjen, @wishtrades100x, @OnlyLJC for just one monkey or @Ga__ke and @missoralways for wechat doge and memecoin

@SolportTom @iamkadense @Branche_SC would love to know your thoughts

2. @BagsApp

it's a pretty fresh approach to launchpads with its own unique twist, so makes no sense to mention direct competition with bonk/pump. i like the general idea behind it, but the way it is executed now needs a lot of improvement. for now it's too much extraction.

the hat stunt was pretty obvious, but still good for the mindshare. though, at the end, got everyone disappointed in the decision with fees and the 250k contest, but that's not something that can be fixed, so let's move on to real issues.

imo, having your main runner launched by the founder and being an actual beta of an og token is not the best shot in long term, but in the current state, there is no way for a real organic runner to break through.

any bags launch rn follows two pump and dump paths:

- pump speculation on if the creator will claim/interact, dump and die after that not happening
- pump after creator interacting, dump right after, cause they are here to take fees and not support the token

more mechanisms for claims should be added 100%. yeah we get it that fees are a reward to creators and they don't owe anyone anything, but if that was the case, just launch the donation app. if you want to focus on trenchers and trading, please make it less extractive for them.

another problem is creators claiming multiple tokens without purpose. example: @tetsuoai with 3 tokens for one account. one is completely dead, two still exist. if @groktprompt is a project with updates and actual use of a reward, what’s up with the latest one? why does @finnbags interact with it if that obviously creates uncertainty for traders, like which one will the creator support more?

add a limit of claims or make every token have a purpose. say we launch a token to support creators development funded by fees, so he can claim once he proves it or reaches some gradual milestones. less manipulation and less uncertainty for traders. that adds legitimacy to the launchpad. shows a win win: i bought the token, and even if the recipient does not interact, just “inject the fees back to the chart” or smth.

or have a look at $nyan 500k extraction.

the fun elements are understandable too ($ttf or @jynxbby) and should exist, but then you have creators like @createdbyseol with zero interaction, when he’s literally the proper case you want to have on the platform.

someone launched a token without him before, he got nothing. now there’s a chance to reward him, but yeah let's just interact with extractors.

also, more verification helps in cases like rizzler, where an account gets hacked and a pnd happens in a new way. if someone launches a pf token out of nowhere, we already know it’s a scam, whereas claiming fees isn’t that straightforward for traders to evaluate.

3. @jup_studio

i think it's the worst case, mainly because of poor management of @jup_studio. it's worse cause the team is not dumb, and @weremeow is a true builder, jupiter is probably the most used protocol on solana, so i just have tons of whys.

why did they even decide to launch studio if there is no vision behind it?

you open the studio webpage and clearly see that it's about experiments for creators with a couple of custom launch options. why not push this narrative? why would you just give up on that without even trying? there were a couple of experiments that received no support and after that they just decided "fuck it, trenches mode", but without any plan or even idea behind it.

the jup studio account is straight up bad. looks like a boomer trying gen z slang with all these "evil intern arc" cringe and so on. but i might be spending too much time on ct, so let's get to more facts:

- wtf was this $grit bullposting? couple milly mc with 200 holders? trying to push a bundled scam (not even showing on studio page tokens list rn)
- wtf with the shark emoji? literal fake of a token on pump

it only got better when meow got somehow involved, pushing $uranus. and uranus is a very smart bet. space related, funny, easy to bullpost. then there was even a cult attempt with $bubble, but radio silence again. one uranus won't save the failed launchpad.

if you keep the experiment/creators narrative on your main page, why the only live one, $j4j, launched on the first day receives literally 0 interactions? ran from 1k mc and still holding good, being pretty much the oldest token out of all visible rn, while also being the main slogan for jupiter eco. and @awesomesinyee also pushing the jupiter irl in general.

just study other successful launchpads, where those type of cult coins are appreciated. think of return to tradition on pump or anything bonk/tom related on bonk.

with such low market/mindshare you won't have situational runners, no matter how much you try to post a chair from all your accounts.

for now, there is nothing unique about jup studio, with only like 5 tokens alive, so make sure to at least support them.

never seen a reply to any of those whys, so any clarification is great: @bitcnoi, @9yointern, @kashdhanda, @wassielawyer

4. @moonshot

looks like they just gave up on their launchpad and the only token i still see on tl is @Goonshotonsol, but just saw they'll probably launch their own launchpad lul

5. @believeapp

not much to add on believe, since i haven’t followed the eco lately. not going to shit on them without facts. i personally lost faith a couple months ago.

and of course pump. most issues are general trenches problems, not pump specific. for now it still seems to be the golden standard, so let’s just see what's next.

---------

to be clear, this isn’t shilling my bags as i don’t even own some of the tokens mentioned. this is what i see on my tl. your view might be different. i tried to add facts where i could and appreciate any help with adding them or proving me wrong.

[lee @beachlesslee]

@izqui9 this next please

[lee @beachlesslee]

@by_olesia @YouKnowEno lol, same, no idea what he even wants from me

[lee @beachlesslee]

$usduc ????????????????

[lee @beachlesslee]

$wif ????????????????

[lee @beachlesslee]

$wif ????????????????

[lee @beachlesslee]

@oghenekparobor_ @SuperteamMY @sol_pollinet @ns sup

[lee @beachlesslee]

@arifkazi_ @reflectmoney

[lee @beachlesslee]

@decentra1ized_ oh now i have to transfer everything from my woori bank

[lee @beachlesslee]

@NirbhikJangid @MonkeDAO gmonke

[CBB @Cbb0fe]

@SBF_FTX Even a macaque investing $10 billion stolen from people would end up making a few good investments buddy

[lee @beachlesslee]

@maybeltr left cause of workplace abuse

[lee @beachlesslee]

average head of bd in a coin that’s gonna do x100 after bitget listing

[不取经的悟空 📈 @WuKongWAGMI]

看看这届香港Web3大会，你就知道这圈子早烂透了🤡

先说最离谱的

某擦边KOL当着全场的面，和女优泷泽萝拉当众舌吻。

这是Web3大会？还是夜店开业？

麻烦问一下主办方，你们的招商标准是什么，站台嘉宾的门槛是什么？

还是说，只要付钱，什么人都能上台？

然后是"宝二爷"。

早年靠割韭菜起家，靠忽悠散户发家致富，到处站台空气币收筹码，币圈烂事没少干。

结果看看现场

一口一个"宝二爷"，一口一个"老师"。

老师？教什么的？教怎么割人？

这种人，放在任何一个正经行业，早就人人喊打了。

币圈就是这样，只要你有名气，哪怕烂到根，也有人捧臭脚。

还有更绝的，Happy Planet。

一个传销项目，在会场激情开麦，大肆拉人头。

台上讲得热火朝天。

主办方HashKey呢？睁一只眼闭一只眼。

所谓"Web3大会"，直接给传销项目一个公开cx的机会。

还有Bitget。

为了吸睛搞了个巨大的周边，上面印CEO的头像。

行吧，Ego无限大，建议下次直接搞一个CEO真人等比例立牌，放在会场门口，让大家进门就磕三个头。

男模赤裸上身站台项目。

什么垃圾项目，要的只是流量。这种项目你期待它能把项目做好？

这届大会的核心逻辑：没有干货，全是表演。

这个圈子，烂透了，也不怕别人骂。一群骗子、小丑、诈骗犯、皮条客各自心怀鬼胎，凑在一起表演。

远离KOL。

远离垃圾项目。

远离这种大型表演现场。

能靠这些东西吸引你的，只想要你钱包里的钱。

自己的钱，自己看好。

#web3 #crypto #宝二爷 #泷泽萝拉 #bitget #happyplanet #HashKey #Web3HK

[lee @beachlesslee]

m____d chip activated

[Dip Wheeler @DipWheeler]

they are gonna fuck the shit out of ben pasternak in prison.

[lee @beachlesslee]

@therealchaseeb clean air, no distractions, no processed foods

0 reasons not to

[lee @beachlesslee]

@W_Han_01 @SuperteamMY @solana @superteam

[lee @beachlesslee]

I once was charged way more than I should have. And it was not shown in the transaction, I just had a feeling that I should have more money on my kast balance.

Messaged support and they just started saying that because of the merchant I was double charged for some amount and they refunded me. After I said it’s still not enough, they did one more refund. Tldr they did 3 refunds on one transaction and blamed the merchant. Can’t even apologize for their own mistakes.

Second time it happened they just randomly deducted my balance and told me it’s cause one time they mistakenly did an additional refund.

Support is useless and I’m not using kast anymore since I don’t want to remember my own balance just to not lose money

[lee @beachlesslee]

claude call all the cleaning agencies in sg and locate the hyperliquid office make no mistakes

[Colossus @colossusmag]

This is the story of Hyperliquid, the most profitable startup per employee on earth, told from a guarded office in Singapore.

Last year, its team of 11 generated $900 million in profit. It's 3 years old, has never taken a dollar of venture capital, and is beginning to change how century-old markets work.

Its founder, Jeffrey Yan (@chameleon_jeff), had never taken a physics class when he picked up a textbook at 16. Two years later, he won gold at the International Physics Olympiad. In 2019, he started trading with $10,000 from a living room in Puerto Rico—working off a television because he didn't own a monitor.

Within 3 years, he was running one of the largest anonymous crypto trading firms.

Then he shut it down. Yan was rich and free, but he had spent years inside crypto, watching it betray itself. Bitcoin's central premise was decentralization. Yet the biggest exchanges were centralized. Crypto kept reintroducing the dependence on trust it was built to eliminate. He set out to create what should have existed.

Hyperliquid is a blockchain with a trading exchange on top, and anyone can build on it. Yan's vision is to house all of finance. In 3 years, it has done over $4 trillion in volume. And in the past few months, it has begun to outgrow crypto.

Markets for oil, silver, and the S&P 500 now trade on Hyperliquid around the clock, weekends included, and are growing roughly 40% week on week. When the US and Israel bombed Iran on a Saturday in February, Hyperliquid was the venue traders turned to.

Hyperliquid's success has cost Yan his freedom. He works out of a secret office in Singapore and cannot travel without two bodyguards. Even the team's housekeeper doesn't know what they do.

In January, @domcooke spent a week at their office. Read his profile on Yan and @HyperliquidX below.

[lee @beachlesslee]

oh wow, big dogs

[Pop Punk @PopPunkOnChain]

I spent 5 months banging my head against the wall pitching VCs for them to usually just reject my product outright due to the live token.

Fast forward, and we've raised $6M across 2 rounds in the span of 12 days from some of the most powerful VCs in the industry.

A live token should not stop you. If your product is good, the necessary venture capital is not off the table. A lot of VCs don't understand this yet, but I believe that with @pumpcade we will rewrite the playbook on this.

Launching $PUMPCADE allowed me to quit my job and bootstrap the first 6 months of my company. The community backed me and allowed me to build an MVP and get instant feedback on every feature I released.

We're in the big leagues now. We are well capitalized and are setting ourselves up to deliver an experience unlike anything you've seen before.

The fastest prediction markets. Any verifiable source. Resolved Instantly.

Extremely grateful for our investors (@foundationcap @jump_ @pumpfun @radiosolace), our community of token holders, my team (@steoniy @gnarzilla), and a final extra shoutout to Pump Fun again for making this possible and supporting builders.

Anyways, Pumpcade.

[lee @beachlesslee]

airdrop soon?

[Riskit McBiscuit @r_riskit]

Okay so an update.

I got there and there’s private security. They took a whole video of me, my car registration. They let me take some pictures and a video but the security didn’t want to be in the video.

[lee @beachlesslee]

4th of july for gooners

[Oh @ohdotxyz]

Today we announce our $7.5m Series A, bringing total funding to $12m - the most raised by any adult AI startup globally - as we extend our lead as the dominant player in adult AI

The round was led by @Maven11Capital, with participation from @L1D_xyz, @Auros_global, @hashed_official, @MaelstromFund and @CadenzaVentures; alongside existing seed investors @cyberfund, @KosmosVC and @tangent_xyz doubling down

[lee @beachlesslee]

- burns every session limit after 2 easy questions
- unable to help