hi, chog here
i'm a hedgehog who made a token to hedge against the endless rotatoors on Solana
ca: 3BdSXDSDqwdHjNBDf3v6s7pFruhDRaJmvi4dfRuLHd3i
socials: this and its for updates/info only. no tg. no discord.
fwiw, there are some legit people trying different things.
@chogtoken $chog was released by some Eth OGs...100% of tokens locked in LP but 10% in concentrated pools at price range, and 90% locked far away
Prevents early snipers/massive early profits/fomo but allows enough volatility to remain interesting
I donโt know who needs to hear this, but $chog is here to save the trenches.
If you are considering a launch, please study chog. Launching at a higher mcap makes it cost prohibitive to snipe and manipulate. All supply was put in lp.
3BdSXDSDqwdHjNBDf3v6s7pFruhDRaJmvi4dfRuLHd3i
I donโt know who needs to hear this, but $chog is here to save the trenches.
If you are considering a launch, please study chog. Launching at a higher mcap makes it cost prohibitive to snipe and manipulate. All supply was put in lp.
3BdSXDSDqwdHjNBDf3v6s7pFruhDRaJmvi4dfRuLHd3i
launchpad 1: https://t.co/PS26gK4j3f: extractive, zero attempts to prevent bundling, structure facilitates snipers/early buyers, burning LP prevents fee generation from creators (but is likely encouraged by @solana given it's a permanent sink for $SOL to offset emissions)
launchpad 2: @MeteoraAG: apparently backed by Kelsier/the cabal, M3M3 platform in particular funneling funds to Chow et al., again launches at too low of a MC and can't do concentrated LP on M3M3
theoretically, with time, the "gains" achievable by any entrant are the same as a traditional launch model...it's just over a larger time horizon
this creates a holder base that isn't constantly angry at the other "dumpers" getting out 100x when they bought 10x higher
the purpose of $chog is to experiment with a launch mechanism that:
- prevents early snipers by launching at a high MC
- creates a more fair distribution of holders (i.e. you don't have holders 100x up more than others after just 2 hr of token going live)
accumulated around 12k in yield fees
this has been re-deployed into LP
not bad for a little chog's first day
total team holdings outside LP remains 0
$chog is for the people
CEXes keep your grubby hands off $chog