
basil (propagation arc)
@itsbasil
947 Following
12768 Followers
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i think half of my casts on this app are about degen, clanker or zora
some coins that i've held forever but don't yap about: banker, native, clankermon
newer bags that i've built: tipn, fair, noice, launcher, indexy, opsys
bags down scope: dau, betr, checkr
bags i'm betting the house on: redacted 4 replies
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please stop destroying your tokens
founder stake < 10%
- reads as low conviction. if you won’t own the risk, why should anyone else?
- leaves no strategic ammo: emergency runway, market-making, otc deals — all off-limits
- 5% can work, but only with hard, multi-year lockups that shout “i’m here until i no longer need to be”
- open market token sales from founders are FINE & HEALTHY; sell an eth or two every time price pushes upper oscillation; transparent + disclose
team stake < 30%
- no incentive gravity. without a hefty shared upside, talent drifts to the next shiny thing (token is retention)
- kills longevity claims; pmf hunts take years, not quarters (kills feedback loop)
missing treasury
- no allocation for airdrops, partner swaps, ecosystem grants, or token-based comp
- without launcher-supplied lp, you’re illiquid. when that dries up, spreads widen & price discovery dies
sub-$10m cap + 3% founder ownership = strategic handcuffs
- can’t raise via token because you don’t control supply
- equity is a harder sell when there’s no liquid path to exit
- acquisition thesis falls apart: the token is your distribution layer & you barely own it
bottom line: control enough supply to stay flexible — then lock it long enough to prove you’re serious 8 replies
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