Warpcast

Need a postmortem on the @precoin $W token. I thought this was supposed to kill snipers but we got 90% less tokens while they made instant 10x

before heaven and earth there was precoin.fun

borodutch

hi all 👋 today, the first lp migration happened for precoin->clanker launch with @phil’s $w coin, here’s a quick retro:

we built precoin because we wanted to use a tool/have an easier way to create some type of prediction market where users can buy into a coin’s launch before it launches

we tested it out for the first time in the wild today with $w
- the migration of $pre_phil lp to $w happened before clanker replied and we were the 13th transaction, and on the 4th block, 7 seconds after token was deployed
- to dogfood the first launch i had a $45,000 stake (largest out of any farcaster users by far) in $pre_phil that became a $3.8k stake in $w and many people experienced the same and are wondering why
- first, the migration from precoin->coin was never meant to be 1:1 (this was clearly communicated); the lp in the precoin pool is used to market buy $w after it launches, and users were going to be able to claim a proportional stake in the clanker coin
👇

Here it is if anyone’s interested. Was an interesting experiment but obviously didn’t work out as planned and the dev prob lost the most if that makes anyone feel a little less bad about it.

Hoarder of tokens, master of fading generational wealth. 
3rd Cycle. Crypto Sleuth. 

Here it is if anyone’s interested. Was an interesting experiment but obviously didn’t work out as planned and the dev prob lost the most if that makes anyone feel a little less bad about it. 

https://farcaster.xyz/farcasteradmin.eth/0x15fccf06