dwr on Farcaster

Dan Romero pfp

We’re excited to share that Clanker is joining Farcaster! Clanker is the leading launchpad on Base and home to projects like Bankr, Noice, Bracky and more. We’re thrilled to join forces to make it easier for everyone to create and participate in onchain communities. We plan to integrate Clanker more deeply into the app. More on this soon. We have a few updates for the Clanker ecosystem: 1. Starting today, Clanker protocol fees will be used to buy and hold $CLANKER. 2. Clanker v0 through v3.1 collected a portion of protocol fees in ecosystem tokens into a fee vault. The Clanker team burned these tokens earlier today, reducing the circulating supply of each. 3. The Clanker team has also permanently locked roughly 7% of the $CLANKER supply into a one-sided LP to provide additional liquidity, further reducing circulating supply. FAQ in the next cast.

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Dan Romero pfp

FAQ > I have a Clanker ecosystem token—what's changing? Existing Clanker ecosystem tokens will continue to work as normal, and you can still create new ones. The only change is a reduced circulating supply for existing Clanker ecosystem tokens due to the treasury burn. > Why were the Clanker ecosystem tokens burned? Selling tokens would likely have impacted their price. Burning the ecosystem tokens made the most sense from both a legal and tax perspective. > What protocol fees will be used to buy and hold $CLANKER? Two-thirds of all protocol fees from existing and future Clankers will be used to buy and hold $CLANKER. The remaining one-third will be reserved for taxes. > Is $CLANKER now the Farcaster token? No. $CLANKER is independent of the Farcaster protocol. Farcaster does not have a token. Clanker protocol fees will be used to buy and hold $CLANKER. Farcaster protocol fees—from subscriptions, storage, and collectibles—will continue funding cast, developer, and referral rewards. > What will you do with the $CLANKER tokens you accumulate? We plan to hold them. > Do you have any future plans for the $CLANKER token? Not at this time. > Is this investment advice? No. Nothing here is financial, legal, tax, or investment advice.

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0xdesigner pfp

nice new brand is really shining through on stuff like this

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Nounish Prof ⌐◧-◧🎩 pfp

Nounish Prof ⌐◧-◧🎩

wowow - can we get you & @dish on GM Farcaster Monday? cc: @adrienne

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salvino armati pfp

where's the guy complaining that the farcaster rebrand was a waste of time and that the team should be focused on more important things

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McOso 🎩🐊 pfp

farcaster now has a token

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Jesse Pollak pfp

@jesse.base.eth

HUGE so excited for more clankers

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Jacob pfp

this makes so much sense and i'm thrilled to hear the news big congrats to both teams !!

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tomu pfp

as a clanker owner, i wouldn’t want other partner than farcaster. really excited for this🔥 great news!! clank clank

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rish pfp

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Corbin Page pfp

nice, congrats to all parties asset issuance continues to be crypto's killer app

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bertwurst pfp

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Nounish Prof ⌐◧-◧🎩 pfp

Nounish Prof ⌐◧-◧🎩

btw sent to @adrienne via text since I know she might be offline and the cast link embed looks amazing cc: @blockheim

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Cameron Armstrong pfp

Cameron Armstrong

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Giuliano Giacaglia 🌲 pfp

Giuliano Giacaglia 🌲

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agusti pfp

damn, ggwp!! bullish on fc w this

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Samuel ツ pfp

@samuellhuber.eth

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nick pfp

Flames congrats to both

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woooow this is huge, congrats to both teams!!

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frederick pfp

love it! congrats to you, the fc team, and the clanker team!

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