Starting playing @spellborne s1 ! The game really plays well and has exceptional art
This is not a "monster collectible game" like every other. This one was made by love and you can see it
#Spellbornecreate
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ARE WE CRAZY, 360 WINNERS? 🤯
We're giving away $35,000 USDT and 10 RG Byte NFTs.
@Revolving_Games is getting ready to launch $RCADE and we want to show everyone the power of the community.
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2️⃣ RT and LIKE this post
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Good luck!
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PG was researched and designed to solve the fundamental misalignment between users, builders, and governance.
PG can be implemented on any L2 blockchain that has a native governance token and a sequencing system.
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I'm in the unenviable position of having to FUD my bags, bags I dearly love, calling out a team I greatly admire over at @todaythegame
As one of the larger holders of the NFTs (with 5% of the Genesis supply and 2.5% of the secondary supply) and someone who participated in the strategic round, I'm caught up in this drama because I've been publically backing the project. I've bull-posted and I've put my own capital into buying the NFTs, something I bet none of the actual advisors of the project have bothered to do.
I missed the entire $LIMBO drama as I was moving countries and on a 14-hour flight. I didn't participate in the insider round (i.e. the token address shared before it was public) and I'm happy I did not.
I had no idea the team was spinning up the idea to launch a memecoin out of the blue before the actual TGE of the main token.
Participating and profiting on this launch, especially as the largest NFT holder before the actual community would have been wrong as I see it.
The short of the drama 'TODAY' was the team did a stealth launch of a https://t.co/ng9QPP0HvF memecoin tied to an AI Agent that is aiming to be a virtual superstar,
This in itself is a perfect way to capture the narrative and hype coalescing around AI Agents (IMO, 2024's own version of the 2020 Defi Protocol hype) and tie it to their gaming platform which entirely focuses around interacting with AI agents in a game world setting.
But the launch went horribly wrong and what should have been rewarding for the core community who have backed the project was instead thrown to the memecoiners and a handful of insiders who profited.
Yes there is a 2% airdorp to holders, but brothers in christ, how much is 2% shared out to 777 Ancient Seed holders and 5000 Mythic Seed holders?
Sorry, but 2% is a slap in the face to the holders who backed this.
"2% for thee and 98% for me"
No thanks.
Spitting out a pumpfun shitcoin before your core token TODAY that investors/community are expecting is risking seriously diluting the core value. Even more so when most of the community did not benefit at all.
It takes a long time to build a reputation and a few seconds to destroy it. And that's the situation the team finds itself in.
The cardinal sin here is not that they tried to experiment with some new tech.
But they rewarded everyone but the core community first, and those who have backed the project most last.
I understand this was not the intention of the team, but this is the end result.
I admire the ballsy move by the team, but the move went so wrong.
A day later we have a community in chaos, the team's perfect reputation now stained, the core NFT holders backing the project in an uproar, and myself who backed the project fully and put in ~200k into the riskiest of assets and continuing to acquire more and more positions when few in this space care a damn about NFTs are left feeling fairly disgusted by the whole thing.
Founders take not: reward your own community first before everyone else. The team in dramatic fashion failed to do this.
Here is how the launch should have gone:
- Team launches the token in stealth via a bundle to filter out snipers/bots.
- Team let's the value die
- Team acquires slowly 20-30 percent of the token from the dev wallet
- Team announces the token and at the same time airdropping 95% of that supply to the NFT holders.
Instead we have a token that started < 1M, was shared to insiders (who shared with other friends and sniped more) when it was a tiny cap, shared out to the NFT holders when it was at 3M, and by the time most of the community could participate, the token was already at 15-20M and running to 40M and now it's at a 5M cap.
Now most of the core community are likely down 30-80% on this move, the value of the main token is possibly diluted and damaged, and the project's reputation has been smeared.
If was are going to just by results, this was a terrible result.
Making such a move should have been a more thoughtful process and nothing you suddenly yolo out of the blue.
I had a call with the founder and I don't believe this was malicious. They had good intensions but non of the founders are in the trenches or degens.
But here we are with troubles.
Ignoring the cardinal sin of giving no ROI to your strongest backers and giving it all to random memecoiner, at least you can justify the end justify the means if the token value maintains. But clearly it's been dumped and the FUD has damaged the entire TODAY brand.
I love the core game and the tech they are building. I also support the founders. They have spent a year building a good community and have been delivering a product. They failed to reward their core holders here with this move, but besides the loss of community trust, the core product they are building remains the same.
But restitution must be made as I see it and debts paid to the community.
What I want to see and expect to see going forward.
➡️The 1% team allocation given to the community. The community was farmed and now the team needs to pay. There should be no financial compensation to the team before the actual holders. I want the team to entirely focus on building value to TODAY, and the best way to ensure this is to make sure whatever happens with $LIMBO points back to $TODAY. If one thing is done at, this should be the minimum to regain trust.
➡️The 1% given to advisors returned and given to the community as an airdrop. The advisors, if they were paid compensation do not deserve any such. the advice damaged the entire project.
➡️Any profits made by the people attached to the project should be used to buy back the NFTs. I looked at some of the transactions and clearly there were buyers buying in for nothing and dumping at 50-100x. Assuming these were insiders attached to the project in some way (market makers, advisors, friends of advisors), I would want to see that liquidity returned with buybacks of the NFTs.
Unreasonable demands?
Possibly.
But then again launching a shitter at the cost of your entire community and giving the value to random non-believers first, however, this came about to be, is how you destroy your community that backed you.
Trust was lost, and trust must be regained with actions not words, not apologies.
Now, in terms of the actual tech demonstrated, it's exciting.
If we ignore the financial mistakes made by the team, I do believe the Agent AI represented by $LIMBO is an exciting extension of the tech. Even more so if this becomes a platform play where multiple agents (and tokens) can be spun out with the tech, all leading back to the core $TODAY token. So I'm not blind here to some of the benefits and the narrative the team can capture with this move.
But to get there and regain the trust for this to matter, the team needs to now put in the work. And ignoring the whole thing won't make this go away. So I'm expecting the team make this right, and I know the want to make this right.
The captain of a ship is responsible for what happens to that ship.
We don't blame the passengers, we don't blame the crew, the captain takes the blame when shit goes down. And this TODAY ship was driven into the side of a cliff at 30 knots and the passengers woke up to find themselves in the water and drowning.
The community does not want to hear the captain shouting about why mistakes were made by the pilot, they want the lifeboats to be deployed and to be brought to the original destination.