Not ideal, but necessary: Our TGC has been moved to January 12th, 13:00 UTC
The @feyprotocol are truly professional and maximalist individuals who don’t release anything less than perfect. They’ve done everything possible to bring the platform to a 100% launch-ready state — which requires a few more days to finalize before it can host our TGC.
That’s why we’re committed to working closely together, and we agreed that ensuring the smoothest and most professional go-to-market experience is the top priority.
We will use the coming days and push further on our @farcaster_xyz -native reward system based on daily ecosystem-wide engagement, alongside the already completed core FID-weighted yield and marketplace system.
So if you’re already on the WL, you can sit back and relax. 🧖♀️
If not, the next few days may open another opportunity for the most determined users.
you want your devs to be grinding away and establishing a real community in the worst market conditions, while theyre establishing relationships with other real builders working to bring real visions to the crypto world.
thats what @atareh and @0xWiz_ have been doing
$fey
The time has come! - LiqFID TGC on @feyprotocol 🗝️
We’re choosing the fairest possible approach for launching our token and platform: putting the supply directly in the hands of the community.
Users who helped form the initial community can claim guaranteed waitlist spots for our upcoming TGC on Fey Protocol.
CLAIM IT NOW: https://t.co/QDhL3YFGjD
Public - Phase 2 opens only if spots remain. Users who didn’t participate in the pre-launch campaign may join then.
We’re excited to align @Base’s interests with the @SeedifyFund team.
As an incubator and launchpad, Seedify has consistently delivered exceptional results for the products and startups it supports since its inception in 2021. Now they’re taking a major step forward into the Base Capital Markets.
Base ICCM shares this vision, and we’re excited to be working closely with the Seedify team. Our goal is to work hands-on with founders and support products that fall within Seedify’s scope, fostering a more composable ecosystem while positioning both brands as leading ICM platforms in Web3.
Together, we’re bringing Base to everyone.
Welcome, Seedify.
incentives matter and design dictates destiny
this drives the core decisions we make at fey
take for example, founders in crypto - majority don’t have a good reputation and are known for being extractive, why?
whether it was the nft founders in 2021, or launchpad founders in recent years, what few realize is that the initial designs of what they built and how they raised money dictated their destiny because the incentives were misaligned
nft founders were paid millions upfront after a mint out plus recurring 5% royalty on all volume, and launchpad founders took 1% fees on all volume funnelled through their launchpad
in other words: the incentives for them to be rewarded was to maximize hype in the short term and funnel as much volume as possible through their vehicle (nfts, launchpad)
they would get an outsized reward, and when the wheels would inevitably fall off and volume dries up, and holders complain - they could say “well we tried but the market doesn’t care about NFTs/launchpads/{insert product here} anymore” - and thus begin the slow rug.
fewer updates, less enthusiasm, less drive - because the team has already extracted millions, all based on the design decisions and incentives
design dictates destiny
this gets us to fey. we could have easily chosen to take some fee on volume - nobody would fault us for it. team needs to get paid, fund operations, and founders should be rewarded
but that design decision would skew the natural incentives towards becoming lazy crypt founders - after all, hype and volume is easy to attract and with that comes millions in an extractive mode
we didn’t do that for a reason - instead we chose to buy our own token with our own money, and we would win if and only if we are successful in creating a burgeoning ecosystem on fey
this design decision makes it so that, in the short and medium term, we as a team don’t make much. that’s actually good, because it keeps the hunger and the drive alive.
we only win if fey becomes massive, and so, there is no other option. we will continue working and continue iterating and keep shipping, until our runway (personal money, we’re good for a while) runs out.
and if after all that, fey didn’t take off, well we can rest easy knowing we poured our hearts and souls into this
and we can move forward to the next thing with a free conscience.
but if we win? then we’ll have done something that impacts our industry in a big way, proving that purely extractive economics isn’t the way to build long term value, and serve as an example to all those building after us, that it is possible to win together in crypto, and not at the expense of others
and that’s a future that excites me, and we’re not one for quitting easily, and every time ive bet on myself in my life, ive become greater for it
so that’s wha you’re really betting on when you come to build on fey: founders with the most aligned incentives to stick around and really make this work
so what will you bet on?
fey mode is just getting started ✳️
DeepNode will end the game of extraction.
Our incentive model and tokenomics are built to reward true relevance.
Fair and transparent.
Check our Gitbook for a full breakdown ↓
Someone threw $FREYG at me and tagged this image, and I spit out my coffee.
Might be the fattest Base runner I’ve seen all cycle.
100k MC. Do whatever degenerates normally do with that info.
CA: 0x58290215720BEF1FeDDc54ae0d6aAF3F9A089387