I said this yesterday when Goblintown was trading significantly higher, and I’ll say it again: I do not care about the token’s price.
The token was created around me and my work. I hold no supply, I do not profit from it, and I direct creator rewards to contributors who help build and improve the repository. I am not the deployer of the coin.
That said, I expect IBM to rectify the situation. Their initial response brought Goblintown to the attention of many people who had never heard of it before, which ultimately achieved the intended goal. However, it also created unintended consequences.
After IBM deleted its post, a large number of people began closely tracking the token and accumulated supply purely to farm attention and speculation. The token reached a $1.2M market cap before being heavily farmed down to roughly $400K.
More importantly, this project is larger than any token chart. Contributors such as @AngusDurrie have invested substantial time and effort into the repository, and others have already begun building on top of the work. As they contribute value, they will be compensated accordingly.
The goal of Goblintown has always been to attract developers interested in building on a unique agentic framework, advancing open-source architecture, and exploring new approaches to autonomous systems.
There was never a bundled launch, no coordinated supply control, and no centralized allocation on my end. I did not launch the coin, nor did I control its distribution.
What makes the growth particularly noteworthy is how organic it has been. The project has attracted attention, contributors, and participation without the mechanisms typically used to manufacture demand or concentrate ownership. That is an impressive outcome in its own right.
I am proud of how well it’s done. @AngusDurrie has not stopped working. Others have no stopped working.
Focus on the repo, not the coin.
Another .7% of the supply has been bought back and locked
Around 3.7% of supply will unlock over night.
It will be relocked for a year once I wake up in the morning