We've found a way to bring new money into the ecosystem... Our thesis:
Almost all top earning crypto apps are inherently extractive. Fees are paid out of the pockets of their users, and ultimately off-ramped to traditional payment rails. The best apps might use fees to buy their native token back - this is, at best, neutral.
However, Seven performs a bit differently.
Many of you have seen the hype surrounding @XMoney, X's new payment app. What is being talked about less is the free money the app is giving out to new users. Upon registering with @XMoney, users are granted a $15 stimulus. With over 100 million users based in the USA, that's 1.5 billion untouched dollars waiting to be claimed.
We've created a system to bring this new capital into crypto. Using https://t.co/jVw6mOlCCT, users can create tokens that crowdfund liquidity from @XMoney. Once a token reaches its funding goal, it launches on-chain.
This also comes with the added benefit of better supply distribution and a higher quality holder-base. The majority of a token's supply is up for sale only from KYC-ed American traders (via @XMoney's rules). Although the problem isn't fully solved, it introduces significant hurdles to those attempting to multi-wallet or horde a large % of supply.
This is just the start for Seven.
If you'd like to apply for early access to create tokens, apply at https://t.co/J89vlcb3M3
For future launches, launch times will be much quicker.
We're taking our time, fine tuning our tech, and preparing for a smooth first launch tomorrow 🎰
Many more to come. 7⃣
We've found a way to bring new money into the ecosystem... Our thesis:
Almost all top earning crypto apps are inherently extractive. Fees are paid out of the pockets of their users, and ultimately off-ramped to traditional payment rails. The best apps might use fees to buy their native token back - this is, at best, neutral.
However, Seven performs a bit differently.
Many of you have seen the hype surrounding @XMoney, X's new payment app. What is being talked about less is the free money the app is giving out to new users. Upon registering with @XMoney, users are granted a $15 stimulus. With over 100 million users based in the USA, that's 1.5 billion untouched dollars waiting to be claimed.
We've created a system to bring this new capital into crypto. Using https://t.co/jVw6mOlCCT, users can create tokens that crowdfund liquidity from @XMoney. Once a token reaches its funding goal, it launches on-chain.
This also comes with the added benefit of better supply distribution and a higher quality holder-base. The majority of a token's supply is up for sale only from KYC-ed American traders (via @XMoney's rules). Although the problem isn't fully solved, it introduces significant hurdles to those attempting to multi-wallet or horde a large % of supply.
This is just the start for Seven.
If you'd like to apply for early access to create tokens, apply at https://t.co/J89vlcb3M3
We haven't forgotten & we're still working hard to launch $7 and our platform ASAP. Think hours rather than days 🛏️💤
All $7 pairs not linked on this account and our website (https://t.co/qJCZvlmJQu) are inauthentic.
Thank you for your continued patience and support 7⃣
Seven will be launching tomorrow 7⃣
Our intention was to release $7 as well as our platform today. However, due to unexpected community interest, we've decided to spend extra time perfecting our product.
The silver lining: we've opened whitelist applications for token creators to launch on Seven. If you're a high quality, reputable, or creative individual, apply for beta at https://t.co/J89vlcb3M3
The official $7 contract will come from this account and our website only. Until then, stay safe from inauthentic launches and scams.
See you tomorrow🎰
Seven will be launching tomorrow 7⃣
Our intention was to release $7 as well as our platform today. However, due to unexpected community interest, we've decided to spend extra time perfecting our product.
The silver lining: we've opened whitelist applications for token creators to launch on Seven. If you're a high quality, reputable, or creative individual, apply for beta at https://t.co/J89vlcb3M3
The official $7 contract will come from this account and our website only. Until then, stay safe from inauthentic launches and scams.
See you tomorrow🎰
@XMoney Make sure to follow all instructions on our website when sending payments.
- Send payments to @sevenPayments, NOT this account
- Make sure to attach a note with the dictated message
Payments sent to this account (@sevendotfun) will automatically be refunded by X within 14 days