It's now possible to analyze Farcaster's social graph via interactive network graph visualization https://maps.socialforensics.com/farcaster/#dwr.eth

Desktop viewing experience is strongly recommended (mobile UX for these maps simply isn't the same)

Zoom in, zoom out

Explore, have fun!

when @dwr.eth says “sufficiently decentralized”

https://farcaster.xyz/geoffgolberg/0x59951d1b

what a week..

@jc4p crashes out

@ted bows out

hulk hogan dies of a heart attack

we got no food, we got no job, our pets' heads are falling off!

we got no food, we got no job, our pets' heads are falling off! https://farcaster.xyz/geoffgolberg/0xe1b15465

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

8.4K accounts that have at least 2K Followers

These are the largest accounts here

6.6 million Following/Followers relationships among them are being visualized

Second image shows subset that are followed by @dwr.eth 

This network graph visualization looks like something.. but I can't tell what 🧐🤨

merkle wants my d(ick map) cc: @horsefacts.eth @slokh

I work at the posts office

terminally.online

merkle wants my d(ick map) cc: @horsefacts.eth @slokh https://farcaster.xyz/geoffgolberg/0xa6cd0920

Tinkering on Farcaster and writing about it. Building /readme /ambassadors (hiatus) https://kylepatrick.xyz

file this under notifications i wasn’t expecting

file this under notifications i wasn’t expecting https://farcaster.xyz/geoffgolberg/0xf7ec65dd

Timeline today:

1. The earliest collectible auctions will start settling around noon ET (an hour and a half from now) unless they are extended. New bids in the final 15 minutes extend another 15 minutes. Reload your wallets and prepare your thumbs.

2. No need to claim, we'll settle completed auctions. On settlement, the cast is minted to your Farcaster wallet as an ERC721. It's fully transferrable. 

3. Working on rendering the same nice image artifact we have in the app across wallets and secondary marketplaces. For today you'll see a placeholder image and cast metadata like the text, author, and timestamp. We'll "reveal" soon.

4. We've set an optional 0.5% creator fee on OpenSea that goes to the same wallet as protocol fees from the auction. Auction and secondary fees will both go to creator and developer rewards.

For those interested, here's the NFT contract on BaseScan and source on Github:

https://basescan.org/address/0xc011ec7ca575d4f0a2eda595107ab104c7af7a09

https://github.com/farcasterxyz/collectible-casts/blob/main/src/CollectibleCasts.sol

are you ready, @thumb? https://farcaster.xyz/horsefacts.eth/0x607213f0

Help me welcome @carampearson properly to Farcaster!

One of the hardest things a startup has to do is building a brand. 
Why should any company trust you and buy your product when they’ve never heard of you before? 

“No one has ever been fired for buying IBM” is a popular saying that fully captures that challenge. 

Today I’m excited to bring @carampearson on board. She worked at some of the most trusted cybersecurity companies in the world like Trail of Bits, Informal Systems, and Rapid7.

She’s now going to help us grow the Almanax brand.
Help me welcome her properly to Farcaster!

i dig @francescop getting his new hires using purple app (and be sure to follow @carampearson!)

Co-Founder & CEO @almanax | Ex Head of Product @ AnChain AI | UC Berkeley engineering

Driving growth in AI security engineering @Almanax

i dig @francescop getting his new hires using purple app (and be sure to follow @carampearson!) https://farcaster.xyz/francescop/0xc3302964 https://farcaster.xyz/francescop/0x39dfa5af

move slow and fix things > move fast and break things

I just activated my creator coin on @Zora
Check it out $trustlessstate

hi it me https://farcaster.xyz/trustlessstate/0xd9632c4c https://dexscreener.com/base/0xD1fCDEc231bfab57c74010c1E70A7B29Ded82b28

I have just published a revised and expanded version of my report on the @faircaster token launch ($fair) via @paragraph. the article has been coined and by supporting my research you'll receive tokens in return.

read it here: https://paragraph.com/@matthewb/faircaster

for those who would rather read a very long cast, here is a summary:

OVERVIEW
The Faircaster token (ticker: $fair) was launched on Base by @luc on June 26th at 5:48pm EDT. Luc described Faircaster as "an experiment in agent-led capital" that uses its treasury to invest based on social signals on Farcaster.

https://farcaster.xyz/luc/0x776781bc

A few days later, Luc provided further details about how Faircaster works under the hood. In summary, Faircaster is a team of specialized agents which are all coordinated by an orchestrator agent. The main tactic used to identify opportunities is tracking casts from users with the "highest network centrality" based on @openrank scores.

https://farcaster.xyz/luc/0x09125bd7

LAUNCH PARAMETERS
As noted by Clanker contributor @m00npapi.eth, the deployer configured the parameters of the launch on clanker.world and saved them with a phrase which then triggered the launch:

• Total Supply: Total supply of $fair is 100B, further supply cannot be minted.

• Creator Vault: Token creators can use the vault feature to lock up a percentage of the token supply (up to 30%) for a predefined amount of time (min. 30 days). For this launch, 30% of the total supply (30B) was locked and sent to ClankerVault at 0x42A95190B4088C88Dd904d930c79deC1158bF09D. These tokens will unlock 30 days after launch on July 27, 2025.

• Creator Buy ("dev buy"): Token creators can use the dev buy feature to purchase tokens with their own capital upon launch up to 5 ETH. For this launch, the maximum of 5 ETH was used to acquire ~29.2B $fair which is 29.2% of the 100B total supply or 41.7% of the 70B circulating supply.

Launch tx: https://basescan.org/tx/0x6bc05e8ea8e247a808e3603677a506a49657e4678a80b29bf8ee213f453c30e6

PRESALE CONTROVERSY
Following the launch, Farcaster users like @sekoweed.eth and @bitfloorsghost.eth pointed out that many well-known accounts were allegedly given private presale allocations of $fair later worth up to $70k+ USD. For many, this seemed counterintuitive because Clanker is widely seen as a way to launch fairly in public and bootstrap capital through trading fees.

https://farcaster.xyz/sekoweed.eth/0x02b436c1
https://farcaster.xyz/bitfloorsghost.eth/0x074be03d

However, the necessity of raising capital becomes clear when you consider the nature of the project which is essentially agentic capital allocation. Whether that raise should have happened in public vs. private is the main question at hand, not whether raising capital was necessary.

Although no public details have been shared, it appears that presale participants were approached to send ETH to 0xd20CdCcfD6f2Fd0ce8Aa429fc1097D37aB29AA6B between May 20 2025 and June 26 2025 in exchange for $fair presale allocation. There is a clear pattern visible with several 0.25, 0.5, and 1 ETH payments made by both anon and public wallets tied to Farcaster profiles. Some wallets donated more than once, like @waheed who contributed 5 times for a total of 3.25 ETH worth $8416.58 USD at the time that funds were sent.

https://basescan.org/address/0xd20cdccfd6f2fd0ce8aa429fc1097d37ab29aa6b

Three multisigs also participated: 0x4aB...54280, 0xE93...27B1a, and 0x7AF...A4cd7. They contributed 2 ETH ($4834.88 USD), 2 ETH ($4834.88 USD), and 6.75 ETH ($16,318.13 USD) respectively.

https://basescan.org/address/0xd20cdccfd6f2fd0ce8aa429fc1097d37ab29aa6b#internaltx

In total, 23 ETH was raised worth $56,915.47 USD at the time that funds were sent.

During the launch, 0xb266343E3484cfE09A68372f295b915b60769289 received ~29.2B $fair tokens from the 5 ETH dev buy and proceeded to distribute the tokens to the addresses that contributed to the presale. You can see the corresponding allocation for 0.25, 0.5, and 1 ETH tiers which received 310.8M, 621.6M, and 1.24B tokens respectively. You can also see the three multisigs which received received 2.48B (0x4aB...54280), 2.48B (0xE93...27B1a), and 8.39B (0x7AF...A4cd7) tokens. None of the ~29.2B tokens distributed were locked or vested, so they were freely tradeable once received.

https://basescan.org/token/0x7d928816cc9c462dd7adef911de41535e444cb07?a=0xb266343E3484cfE09A68372f295b915b60769289

Tokens launched via Clanker accumulate fees from the locked Uniswap V3 1% LP position created upon launch. Since $fair was launched via the clanker.world frontend, the fee split between the token creator and Clanker is 80% / 20% respectively. At the time of writing, 0xb26...69289 has so far claimed ~11.14 WETH ($33.5k USD) and ~732.73M $fair ($23.8k USD). There are six transactions in total which call the claimRewards function.

Please note that Luc's presale allocation of 463.01M tokens was the only non-multisig allocation which differed from the standard amounts of 310.8M, 621.6M, and 1.24B tokens (or multiples thereof). This surplus of 152,201,614.74 $fair closely matches the first Clanker rewards claim of 152,201,611.46 $fair. As a result, 0xb26...69289 currently holds ~580.53M $fair rather than the total amount claimed of ~732.73M $fair.

TOKEN LOCKUPS
Luc posted an update at 5:13pm EDT on June 27 2025 stating that all early investors locked their allocation for 6 months. It is unclear whether this step was taken in response to criticism or whether this was the intended course of action all along. This post also clarified why capital was raised in the presale, stating that "first buyers funded the agent for everyone."

https://farcaster.xyz/luc/0xd9fa35f6

These lockups were done via Hedgey Finance which is a tool for token vesting, investor lockups, grants, etc. At the time of writing, ~26.28B $fair tokens have been locked via Hedgey. Out of the ~29.2B presale tokens, this leaves ~2.9B unlocked at the time of writing. In other words, 89.94% of the ~29.2B presale tokens are locked. If you include the 152.2M extra tokens sent to Luc in the presale total, 89.48% of the ~29.3B presale tokens are locked.

https://basescan.org/token/0x7d928816cc9c462dd7adef911de41535e444cb07?a=0x73cd8626b3cd47b009e68380720cfe6679a3ec3d

These locks expire on December 27, 2025 at 7am EST. You can verify this by calling the planEnd read function on the VotingTokenLockupPlans (VTLP) contract and entering the token ID of the ERC-721 minted at the time of lockup.

https://basescan.org/token/0x73cd8626b3cd47b009e68380720cfe6679a3ec3d#readContract

POST-LAUNCH TRADING ANALYSIS
I have divided the presale participants into two groups based on what % of their presale tokens are locked: Group A (≥95%) and Group B (≤85%).

• Wallet shows the address used by presale participants to lock their tokens, which in some cases may differ from the wallet used to send ETH to 0xd20...9AA6B and receive presale tokens.

• Presale Buy shows the total amount of ETH sent to 0xd20...9AA6B in exchange for presale allocation. USD value is calculated at the time the payment was made.

• Presale Allocation shows the total amount of tokens received in exchange. In some cases tokens were received at another address and then transferred.

• Tokens Locked and % shows the total amount of tokens locked via Hedgey.

• Net Tokens Bought/Sold shows the amount of tokens bought or sold by presale participants. If the number is positive, they bought more tokens than they sold. If the number is negative, they sold more tokens than they bought.

• Net Cash Flow shows the net profit from token sales minus the amount contributed to the presale. In other words, including the presale buy, did the participant lose or make money? If $fair was traded for assets other than ETH, only the WETH value of the trade was used and subsequent gains or losses were not accounted for in this calculation.

You can see these tables in the article:
https://paragraph.com/@matthewb/faircaster

• Only three presale participants have a positive net cash flow: @azflin (13.55 ETH / $32,547.56 USD), @waheed (8.45 ETH / $19,898.89 USD), and 0xbCE...a1311 (2.92 ETH / $7064.00 USD).

• Luc did not send ETH to 0xd20...9AA6B so it is impossible to determine his cost basis (if any).

• Although @sidshekhar only locked 67.26% of his tokens, it is worth noting that he instead decided to distribute them via Noice tipping: https://farcaster.xyz/sidshekhar/0xc6fc1630

• Presale participants may have bought or sold tokens from side wallets which are not accounted for in the above analysis of public wallets.

• The data above is accurate to the best of my knowledge at the time of publishing but may become inaccurate over time as participants lock/unlock or buy/sell tokens. Please do your own research and form your own conclusions.

TAKEAWAYS
Launching tokens is never easy, but here are a few takeaways from the events surrounding $fair:

• There are valid reasons to conduct a presale or private round for your project. An agent that invests needs capital to invest, a point well articulated by @woj (https://farcaster.xyz/woj/0x3d949d82). And as mentioned by @six (https://farcaster.xyz/six/0xbb73d9f6), having control over your cap table is also valuable.

• However, you should disclose this arrangement whenever possible. Otherwise, you risk not being on the same page with the broader community that may want to support your project.

• If you're proud of your early partners they should be a selling point, not a secret. If you're reticent to reveal how you structured the raise, that likely points to flaws that you should address.

• Distribution is valuable, but so is transparency. It is much easier to maintain trust than to rebuild it following a PR fumble. Comms deserves equal prioritization alongside cap tables.

👀👀 https://farcaster.xyz/matthewb/0x17cb5ce5

me: “i think we should work on things that aren’t just the same people passing the same money back and forth like in all of crypto”

my replies: “how DARE you say we didn’t put enough work into making it as pretty as possible take it back NOW”

non-choo choo kasra is my favorite kasra https://farcaster.xyz/jc4p/0x315822f9

I'm finding the "positive sum" language around coins really misleading.

It's literally the opposite. If the way users make money from their content is when other users buy it, it's literally zero sum, financially. Not everyone can be making money, unless external capital is being injected from a another source (which is losing money).

🎯🎯 https://farcaster.xyz/john/0xeed67f35

fc-updates

New: Collectibles! 

Support your favorite creators by collecting their casts onchain. Each cast can be turned into a unique, 1-of-1 collectible. Just tap the new "collect" icon on a cast to get started. 

Casts can be collected starting at $1. If there are multiple collectors, it goes to the highest bidder. Creators get 90% collectible earnings, and the remaining 10% goes to the protocol rewards. 

We’re excited about collectibles for a few reasons: 
1. Creators earn directly from their audience
2. New creators can earn on their first day
3. Users get to collect a unique piece of Farcaster history

Collectibles will go live tomorrow morning around 9am PT. We're announcing this early so people can be ready to collect their favorite casts when the feature is live! 

Learn more here: https://farcasterhq.notion.site/Collectibles-2306a6c0c10180d7a917c24892662a3c?pvs=74

I know what you’re all thinking..

“I can’t wait to collect Geoff’s dick.. maps”

I know what you’re all thinking..

“I can’t wait to collect Geoff’s dick.. maps” https://farcaster.xyz/v/0xd8d1984e https://farcaster.xyz/geoffgolberg/0xa6cd0920

I like running, poker and oysters | Founder, Social Forensics | Berkeley & UPenn | Learning to listen

Geoff Golberg

@geoffgolberg