first day at job. i even got a milady cap🥳.
thank you boss and i love you for giving me this opportunity at your unicorn tech company. i will make you proud.
$codec coded
Really proud of what the @Machinedotfun team has achieved in these market conditions.
Not specifically for the metrics but how we’ve approached mechanism design and the philosophy towards building.
For over a year now, major launchpads have built with the ambition for max extraction, no ecosystem support and creating PvP trading environments.
I genuinely believe what Machinefun is attempting to do is the first design that genuinely has everyones best interest in mind when you look at the launchpad holistically.
I’ll save the full mechanism breakdown for a future post but a few key variables we thought about when building are:
- Less focus on bonding curves. Lower mcap graduations, more Sol required to fill (more liquidity), less upside to be captured from launch to migration (pump is 30x vs Machinefuns 9x). Meaning there’s more incentive for traders to play at higher mcaps instead of PvP’ing sub 100k mcap coins to maximise returns.
- If there’s a tax on coins, there needs to be a positive environment created for builders, traders and the platform itself. Too many teams believe they can get away without reinvesting those rewards back into the eco and more importantly making it sustainable for the longer term (liquidity depth and trading incentives).
- Reduce token spam - higher token deployment fees & single use tickers only. Why it’s taken this long for platforms to implement this is unknown to me.
There’s quite a few features I can’t mention yet, although just these points alone would contribute to about 90% of the problems with onchain and launchpads. Most know what they are except they don’t try to fix it because traders have shown they’re willing to take sub optimal environments if there’s any sort of volume.
The great part is, this is the worst Machinefun will ever be. Everyday is focused on iterating from community feedback, developer feedback, trader feedback, project onboarding feedback etc.
We launched in the worst conditions, sentiment and volume onchain has seen in over 3 months. The idea was to launch, get something live which only gets better overtime with inputs from every vertical of interaction. Iterate, add new features and constantly improve every time we find mechanisms that align with the philosophy of creating successful long term utility runners.
Machinefun was even fortunate enough to launch on the day of the $6 Billion Binance hack and largest heist in history. Still, it hasn’t deterred the ecosystem from moving forward.
Three projects have already launched and are building in public:
1: $LAMPORT - A six legged robot (Princer1) that keeps your keys in a secure chip and signs only when you are in the room answering your hand is on it.
2: $SENSE - Building a refinement layer for robotics, allowing for open source data collection via the Lumina app.
3: $ORBIE - An open source home robot. Can complete tasks like checking on pets, the elderly or whatever you program it for.
Only been two weeks and the platform already managed to generate 70k in revenue with 25k in funding for teams who are building real products.
As the platform usability and features only become better, I imagine many more teams will be launching in the near future as this will be the one stop hub for anyone who wants to work with serious robotics, physical hardware or just general utility projects and builders.
Can’t wait for what the next few weeks have in store. If you’re a team that’s interested in launching something that aligns with the platform, my dm’s are always open for any questions.
From memes to robotics and hardware.
LaunchLab gives anyone the tools to raise capital and build a community around what they’re creating.
Build the next generation of onchain markets with Raydium.
Robotics and Hardware have a launchpad now: https://t.co/wrGUMPyYmO
Anyone can put a machine up, raise capital for it in public, and trade it from day one.
Built using @Raydium LaunchLab and supported by @codecopenflow and @peaq.
Today robots become an asset class.
Capital in crypto has been predominantly allocated to software and memes. We've just opened an entirely new vertical: hardware.
@machinedotfun is the final layer of the stack we’ve been building to make robotics development accessible to anyone, anywhere.
The place where you can invest in the next Unitree, but early.
2 years ago Virtuals enabled founders to spin up agent chatbots with tokens, giving birth to @aixbt_agent that went to $900m fdv+
Now you're be able to invest in real proprietary robotics tech, that will be supported by an accelerator and leading crypto companies.
Time to have some fun
Robotics and Hardware have a launchpad now: https://t.co/wrGUMPyYmO
Anyone can put a machine up, raise capital for it in public, and trade it from day one.
Built using @Raydium LaunchLab and supported by @codecopenflow and @peaq.