borodutch

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

👇

FID 899 | founder/ycombinator alum

bwl.gg

building @precoin and more

built: lunchbreak.com ketl.xyz, eggs.fun, @sealcaster (1st anon casting tool), and more

cto @ bwl.gg, 100M+ users (bdut.ch) 🙏 $eggs is life

you and @jasonkim.eth are two of the best builders on Farcaster, and I really respect the path you’ve taken it was meant to bring good returns for all of us.
But 7 seconds? That’s just way too long.
MEV bots and $4-5k trading bots operate in fractions of a second.
Did you really think 7 seconds is acceptable?

Crypto-loving GP, swapping hospital rounds for Warpcast vibes lately 🏥➡️📲💣🎩 💎 Ⓜ️ 🍖
https://web3.bio/drmat.farcaster

After such a big drop, it’s hard to see it making a comeback.
When there’s too much hype, profit-taking bots jump in fast.same thing happened with the 10k launch.But yeah, we’ll see what happens.
I know you put in a lot, and it honestly sucked to see you take that kind of loss.Hopefully we all learn from this and make better moves next time.

really depended on the performance of $w, i've seen clankers go up for hours after the launch, post whatever sniper action was happening

i put down a lot of my own money (like $45,000) because i thought $w was neat and could perform this way

maybe it still will (hence i'm not selling) but ig we'll see

You know that's not true you're just angry