Dan Romero
@dwr
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
@dwr
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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Dan Romero
@dwr
Announcement + FAQ + Transactions https://farcasterhq.notion.site/Clanker-Farcaster-2956a6c0c10180829081c303b6e41788
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SAINTLESS
@saintless
what does farcaster do with the new ecosystem tokens received? keeps burning them or just stack? as I understand the buy back is total generated divided by roughtly 2 since half are eco tokens and multiplied by 2/3 is that right?
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jonathan
@jonathanmccallum
Hi! Thanks for the update Dan and team
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traddelife
@traddelife
How about writing articles in Farcaster? Instead of dividing them into trends, create full-fledged articles.
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Karrie
@molupobodek
Any advantage on holding a Farcaster OG NFT?
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Hiponax.base.eth
@hiponax.eth
Is that huge news that u said before?
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siadude - $HMBT
@siadude
🌈🥲😁
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