David Furlong (→ devconnect)
@df
💥 Just shipped a huge new experiment to the way Larry works, would appreciate a recast so that we can inform users 💥 1. No more 3 ETH min, *Every Larry launches an ERC-20*, provided at least one round participant 2. No more 3 ETH max 3. Neynar scores > 0.7 can now participate. That's 26K users 4. We have improved the LP position setup, tokens should be less volatile early
16 replies
12 recasts
57 reactions
David Furlong (→ devconnect)
@df
Here's why we did this. 1. No more 3 Eth min. We spoke to users and many with smaller followings couldn't raise rounds. They will go to another tool without this requirement and get sniped. We thought the 3 Eth min would filter for only quality tokens, and it does to some degree, but it mostly filters based on creator's distribution
3 replies
0 recast
4 reactions
David Furlong (→ devconnect)
@df
2. No more 3 Eth max This was temporary because we had some suboptimal liquidity logic. A 3 eth max rewards speed within the 69 mins, which is similar in some ways to snipers having an advantage with speed. It also launches great tokens at a fairly low market cap, meaning the remainder of the community would need to buy in at market, after snipers
1 reply
0 recast
2 reactions
ToMiller
@tomiller
IMHO, it (3 ETH min) could be a great motivation for users with smaller followings to spend a few days creating a presentation or packaging their idea in a way that makes it more appealing from an investor's perspective.
1 reply
0 recast
0 reaction
