basil (propagation arc) pfp
basil (propagation arc)
@itsbasil
please stop destroying your tokens founder stake < 10% - reads as low conviction. if you won’t own the risk, why should anyone else? - leaves no strategic ammo: emergency runway, market-making, otc deals — all off-limits - 5% can work, but only with hard, multi-year lockups that shout “i’m here until i no longer need to be” - open market token sales from founders are FINE & HEALTHY; sell an eth or two every time price pushes upper oscillation; transparent + disclose team stake < 30% - no incentive gravity. without a hefty shared upside, talent drifts to the next shiny thing (token is retention) - kills longevity claims; pmf hunts take years, not quarters (kills feedback loop) missing treasury - no allocation for airdrops, partner swaps, ecosystem grants, or token-based comp - without launcher-supplied lp, you’re illiquid. when that dries up, spreads widen & price discovery dies sub-$10m cap + 3% founder ownership = strategic handcuffs - can’t raise via token because you don’t control supply - equity is a harder sell when there’s no liquid path to exit - acquisition thesis falls apart: the token is your distribution layer & you barely own it bottom line: control enough supply to stay flexible — then lock it long enough to prove you’re serious
8 replies
4 recasts
36 reactions

Ayush Garg pfp
Ayush Garg
@axg
disagree but appreciate the perspective
1 reply
0 recast
2 reactions

basil (propagation arc) pfp
basil (propagation arc)
@itsbasil
think a lot do this is poorly structured, will think more on it
0 reply
0 recast
1 reaction