Solana

Believe - an app that made $27m in fees in <30 days.

It's an app on Solana that allows users on X to create a coin by tagging their bot. The primary use case was to build 'startups' and not memecoins.

Alex

Believe - an app that made $27m in fees in <30 days.

It's an app on Solana that allows users on X to create a coin by tagging their bot. The primary use case was to build 'startups' and not memecoins.
https://x.com/Ax19930/status/1924552296202944803

Do I write a thread about what it did well and wrong?

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

https://warpcast.com/elliotsol/0x4b3542fb

Personally I'm not a fan of the execution, the idea yes.

I wrote a thread about what went wrong in my opinion

app developer /spotlight | MediaFi & Attention Markets

yea i don't think 2% fee rises to the level of extractive, when people are playing for 10-100x (they know their customer)

putting aside that it's ultimately just memecoin trading, some elements of the execution are surprisingly bad
https://x.com/mjayceee/status/1923421202908942790

Personally I'm not a fan of the execution, the idea yes.

I wrote a thread about what went wrong in my opinion
https://warpcast.com/elliotsol/0x4b3542fb

my sense is that it did/does a very good job making money, as any launchpad that catches a trend does

but it's the same hot money as any other memecoin trade and hasn't sustainably brought it anyone new to the ecosystem, while not really being a new kind of "experiment" once you get past a thin layer of marketing

any disagreements?