I will not own any coin with >34% allocation to insiders (team & VC) and preferably <17%. I do not accept less than 1 year lockups and vesting periods must be at least 3 years. I do not tolerate projects designed to funnel practically all profit potential to insiders, that's just a monstrous version of TradFi!
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Imagine a society where a VC can walk into a car dealership and buy a car for $2000 that would cost the general public $20000. In the grocery they do their weekly shop for $5 instead of $50. Everyone knows that VCs get their coins way, way cheaper than they will ever appear on the open market. Of course it's unfair.
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So....people cast about DEGEN in the Degen channel to get tips in DEGEN. So it's not about encouraging good content on Farcaster but it is just about incentivising more people to talk about DEGEN? Shame that the token won't end up in the hands of genuinely good content creators.
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