before heaven and earth there was precoin.fun

Quick retro on today's first @precoin -> coin launch. This didn't really go amazing and I apologize - we're making a lot of changes to refine the idea:

1. We built precoin because we wanted a tool/way for people to speculate on someone launching a coin before it launches

2. Pre_phil started because we saw on the timeline that phil was gonna launch a clanker (phil has no affiliation precoin is permissionless)

3. People put money (with my cofounder boro having a $45K stake/ the largest on farcaster) into pre_phil to get access to $w (phil's launch)

4. Precoin worked as designed and our system automatically bought $w as soon as it launched (4th block, 7 seconds post launch)

5. However we were the 13th transaction and it got sniped 12 times before we market bought

👇

Warpcast

Introducing precoin.fun — a premarket for creator memecoins.
 Excited to launch our latest Farcaster mini app on Base!

@precoin lets anyone mint a "precoin" — a tradable ERC-20 memecoin representing early belief in a creator's potential to launch a real coin. A permissionless speculation market on social clout.

Each precoin has its own liquidity pool and trades freely.
 If the creator later launches (e.g. on clanker), the ETH from the precoin pool buys the official coin onchain — and users can burn their precoin to claim the real coin.

Anyone can scout and launch a precoin for any caster.

Scouting = being the first $1000+ ETH into the LP. Scouts earn 10% of all trading fees on that precoin which can be burned to claim real coin if creator launches one.

We’re testing 5 casters today: @ace @horsefacts.eth, @proxystudio.eth @igoryuzo.eth and will be expanding to every Farcaster user soon.

Wow🔥🔥
Just learning about this today

Co-founder, SendAI and Sendcoin | agents and apps on Solana

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PSA

Warpcast -> Farcaster

We’re planning to rebrand on Friday.

we’re gonna soon “send” it at Farcaster ;)

fc-updates

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