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https://warpcast.com/~/channel/spotlight
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MJC
@mjc716
@clanker Reintroducing Spotlight A product studio building on the frontiers of internet capital markets (ICM) Read on for more about the vision, the $SPOTLIGHT token and the airdrop 🧵 👇
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MJC
@mjc716
Don’t know what ICM is? Literally no one does. Anyone who claims they do is lying or deceiving themselves. But that’s what’s so fun about building on the frontier. You get to do the rugged work of exploration and discovery.
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MJC
@mjc716
We’ve been building on Farcaster and CT for close to two years now, launching a new project every few months. On CT, you might be most familiar with Politiswap, where we tokenized all 541 members of Congress and built a gamified trading experience around it.
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MJC
@mjc716
On Farcaster, we’ve built projects like Procoin and Social Token with novel in-feed token distribution mechanisms and miniapp communities centered around curated content and live chat.
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MJC
@mjc716
We’re now excited to relaunch the @spotlight studio with a refined mandate: Chase the frontier of ICM and figure out what the hell it’s all about
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MJC
@mjc716
We’re also putting forward a new cap structure, designed for a studio that will take many shots on goal. The $SPOTLIGHT token is our hub token – the cornerstone of the studio.
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MJC
@mjc716
All future drops – ones that include a new token launch and ones that don’t – will drive value to the hub token in some form. We may do this via a liquidity pairing, a buy-and-burn model, a burn-to-buy model or otherwise. We'll be taking both big swings and small ones
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MJC
@mjc716
As part of this new model, we’re offering a token exchange for all previous tokens issued from the studio. Holders of $PRO, $PSWAP, $RIDDLE and $SOCIAL will all be able to exchange their tokens for $SPOTLIGHT at a fixed rate. Exchange will be available after the mandatory 7 day Clanker lockup expires. More details in the docs. https://docs.spotlightcrypto.xyz/spotlight-token
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Alen
@cooliojack
Let me get this straight, you're kindly offering 1 to 1 swap for $SOCIAL, while $Spotlight having x1000 supply? As of right now, at the bottom, social is trading at the 8x higher price than $Spotlight after launch hype.
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