somewhat of an update.
Markets are in a shitshow mode, and @LaunchOnFarm is no different, but it wouldn't be fair to just attribute performance to overall markets... what we launched didn't stick.
We knew we needed runners so we put aside money to reward devs launching and graduating on Farm. After spending lots of time we found a cool team that had a really good idea $zippo paired to LIT, and not only good but also a website where you could see how much it's been burned and staking your LIT rewards for further 45% apy at the time. Amazing, this is what we needed.
The team ofc wanted our help and we had setup an alpha chat with key farm people to help spread the word etc, so we offered amplification support, key during initial steps.
That was a big mistake. I trusted the people in there, one of which instead of amplifying basically bought big chunk of the supply, Zippo timing was insane, just when LIT had ultra good news.
This person decided to just dump the whole supply in 1 tx at 30k mc, quick 7x, 700 usd cashed. He did the same with Tbull back then, didn't learn the lesson, I should have never trusted that person again.
People can and should take profits, but even bundlers know they should never nuke a chart, such retard move only kills momentum, ofc Zippo team instantly asking wtf just happened who nuked and why...
You could see it on pump, the guy had his name behind the trade, but the question I couldn't answer is why did I trust him? wtf, days of work behind something just evaporated instantly. Team moved on.
That really hurt me personally, you put so much time behind something... just hurts.
Now that left us wondering, whats next? we kept going with our roadmap. But the truth is meme coins and launchpads need something else...
Our model just doesn't work, one big whale exists and the coins cannot absorb it..
A whale exiting hurts the coins in 2 directions:
- thin floor low liquidity = big dump
- momentum / trust lost = more dumps
So this is what we are building for solana:hKyXZVKmrBDPhKKhdSaaGf1qrFwUkwjqrdzRc63farm next, a pool build from first principles to fight this.
More soon.
@slingoorio@dowsiejelly look what @blknoiz06 has done to us. now a bunch of scammers ( @slingoorio 🤡 ) think they can get away with treating our bagworkers like this
sling, you're nothing but a clown scammer
Bulltoshi / Farm is launching Strawhats 🌾
3,000 farm-themed pixel hats, open mint for anyone.
No previous holdings required.
Active hats share a pot funded by mint fees, resales, and Farm’s cut of launch fees.
Stack the Farm token to activate.
Every Farm launch feeds the hats.
@bulltoshi06@LaunchOnFarm