Ken.eth🐹🎻

Pisces
Love all Frens

WTS Building.eth Atom.eth Fun.eth 100x.eth Ashe.eth Adept.eth
and many more

[Ken.eth🐹🎻 @kendoteth]

@YumeStrategy GWO

[Ken.eth🐹🎻 @kendoteth]

@anze____ wah

[Ken.eth🐹🎻 @kendoteth]

@cuhohdee if i dont get my daily glorp juice the consequences will never be the same!

[Ken.eth🐹🎻 @kendoteth]

@ZhugeLyang 🤌

[Ken.eth🐹🎻 @kendoteth]

@0xtisticangel wah

[Ken.eth🐹🎻 @kendoteth]

@sweetbreadyay 🫶

[Ken.eth🐹🎻 @kendoteth]

@0xtisticangel 🫶

[Ken.eth🐹🎻 @kendoteth]

@GeoCities_eth

[Ken.eth🐹🎻 @kendoteth]

@Credib1eGuy yes we definitely need more fees going to "creators"(extractors) instead of holders, good call

https://t.co/YX1nqc3ee5

[Ken.eth🐹🎻 @kendoteth]

How to fix all launches indefinitely

1) Base protocol has meteroa m3m3 platform mechanics - top stakers earn trading fees on locked liquidity.
2) Every token needs to have 99% buying tax once its tradable(0% sell tax, you want early buyers to distribute)
3) The tax decreases by 1% every minute until it hits 0%, the current tax is made transparent somewhere
4) Taxes get added to the pool of fees that get distributed to stakers

Everyone asses their own risk at any tax point. If you're looking at 80% tax and you think the token can still 5X, then its a good buy. If you buy in size, and stake, you can recoup some of your "losses" to taxes

I don't know the technical requirements for such a system(New token standard? Are tax tokens even possible on solana?). Just trying to theorycraft on how to fix this sniper fuckfest that has been going on for years.

I'm fine with people paying 1000 sol to firstblock snipe, just gotta pay the tax to holders whose time horizon for the asset is greater than 10minutes.

Malicious devs will launch the token and wait for the taxes to rundown before sniping and sharing CA. The honest devs will share it immediately and hope that people snipe it, since ultimately they will be juicing the pot for holders. Launch announcements should include warnings about tax and why they are necessary and beneficial, this isnt meant to be hidden.

[Ken.eth🐹🎻 @kendoteth]

@esotera333 wah

[Ken.eth🐹🎻 @kendoteth]

@gooseyxbt come glorp with us🥹

[Ken.eth🐹🎻 @kendoteth]

@YZY_MNY lies. this wallet knew the time of launch, had funds transferred in just hours before it, and sniped it

https://t.co/zAmHVPxeSd

[Lookonchain @lookonchain]

ye(@kanyewest) launched the $YZY token. Note:

Only $YZY was added to the liquidity pool with no $USDC.
Dev may sell $YZY by adding/removing liquidity, similar to $LIBRA.

Multiple insider wallets prepared funds in advance and immediately bought $YZY.

Insider wallet 6MNWV8 knew the contract address in advance and even tried buying yesterday.

6MNWV8 spent 450,611 $USDC to buy 1.29M $YZY at $0.35 today and sold 1.04M $YZY for $1.39M, leaving 249,907 $YZY($600K), with a profit of over $1.5M.

https://t.co/m9ruY0PxcT

[Ken.eth🐹🎻 @kendoteth]

@itoptick

[Ken.eth🐹🎻 @kendoteth]

@NFT_Ranker_ @apustajachan @napmaxxing wah

[Ken.eth🐹🎻 @kendoteth]

@Bobbystick4 monkey ugly yume cute😊

[Ken.eth🐹🎻 @kendoteth]

@0xuberM current launchpads incentive extraction, so that's what you'll get. none of them care about the holders

https://t.co/YX1nqc3ee5

[Ken.eth🐹🎻 @kendoteth]

How to fix all launches indefinitely

1) Base protocol has meteroa m3m3 platform mechanics - top stakers earn trading fees on locked liquidity.
2) Every token needs to have 99% buying tax once its tradable(0% sell tax, you want early buyers to distribute)
3) The tax decreases by 1% every minute until it hits 0%, the current tax is made transparent somewhere
4) Taxes get added to the pool of fees that get distributed to stakers

Everyone asses their own risk at any tax point. If you're looking at 80% tax and you think the token can still 5X, then its a good buy. If you buy in size, and stake, you can recoup some of your "losses" to taxes

I don't know the technical requirements for such a system(New token standard? Are tax tokens even possible on solana?). Just trying to theorycraft on how to fix this sniper fuckfest that has been going on for years.

I'm fine with people paying 1000 sol to firstblock snipe, just gotta pay the tax to holders whose time horizon for the asset is greater than 10minutes.

Malicious devs will launch the token and wait for the taxes to rundown before sniping and sharing CA. The honest devs will share it immediately and hope that people snipe it, since ultimately they will be juicing the pot for holders. Launch announcements should include warnings about tax and why they are necessary and beneficial, this isnt meant to be hidden.

[Ken.eth🐹🎻 @kendoteth]

@CharlotteFang77 @GravyG00se wah

[Ken.eth🐹🎻 @kendoteth]

@nichxbt wah

[Ken.eth🐹🎻 @kendoteth]

@xyztoni wah

[Ken.eth🐹🎻 @kendoteth]

@schitzoe yumemono