borodutch

my favorite parts about precoin:
1. when you buy early into locked lps (e.g. clanker) there's little chance of rugs (if you're among the first ~10eth buys, most likely you're getting most back even if you sell last); and precoin buys among the first
2. you can be early *twice*: first to precoin, then (by design) to the clanker; clanker is distributed proportionally to the precoin holdings (buy precoin early, get more precoin)
3. precoins work as prediction markets: if @phil sends a signal that he changed his mind and won't be launching a clanker, people sell the precoin
4. you can pull out of precoins at any moment; it's a simple erc20 token that you can swap in and out of
5. precoin pulls liquidity and buys clanker *BEFORE* clanker bot replies to the creator launching the coin on farcaster
6. precoin is a memecoin and a tool; hence the price really doesn't matter; when you swap into a precoin, you're getting a collectible *and* your money worth

precoin.fun/itchy/phil

Navigating the world of finance by day, pondering its flaws by night. ETH Maxi

I'll be interested to see how this one plays out!