LichLied @lichlied - Twitter Profile

@satsmonkes @MeteoraAG @met_lparmy It's not very pleasant that they increased the commission in the current market where everything is dead The Quote and limit orders updates have softened people's anger, but 10% is too much when a year and a half ago we paid nothing

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LichLied

@Lichlied

24 days ago

If you think retrodrops are still alive on Solana, you're wrong. We switched from a "Users farm projects" system to "Projects farm users." For example, I can take the perp dex meta and two projects: Ranger Finance and Backpack. Ranger Finance is a very illustrative project. They farmed users by telling them that you would get a lot of points for the early stage and that these points would be converted into tokens during the TGE. But instead of an airdrop, we got a token sale where point holders were given the opportunity to enter with a guaranteed allocation. In the end, the token sale yielded 0.98x of investments. Then, after a while, the project closed, and the only people who made money were the developers and traders on the polymarket. Backpack was a rather interesting project that grew from a regular NFT project into its own CEX exchange, but they initially promised to give a good amount of points for the early stage, and when they started releasing Seasons, everyone who farmed the project received pennies. The developers also decided to give us four seasons that lasted over a year, diluting the point supply more and more. Then they gave us another month and a half of farming to prepare for the TGE. The result is that a huge portion of people who farmed drops received 0.4-0.8x of their investment. And after all of the above, Many influencers and Toly are starting to promote Phoenix Trade, which they claim is better and cheaper than others, but I wouldn't be surprised if, after a while, they also introduce a point system and start farming people.