Degen

Is this true? 👀 Be careful what tokens you buy. There are a lot of anonymous scammers in crypto who’ve made millions off lies. Don’t fund these grifters.

there's a new coin on @farcaster_xyz called $fair (faircaster) whose selling point was that it would enable everyone to fairly find new projects to invest in

and now it's coming out that they held a private presale with friends only and some of them are now sitting on 80,000 USD https://t.co/jj1oXYMaeE

bitfloorsghost

Is this true? 👀 Be careful what tokens you buy. There are a lot of anonymous scammers in crypto who’ve made millions off lies. Don’t fund these grifters.

https://x.com/bitfloorsghost/status/1938618244090519745?s=46

> call token $fair because FARcaster + AI + provides fair access to new startups who would otherwise raise from a vc. good name

> raise small amount of money from friends so there is capital to invest

> launch token and give some of it to people who gave you money

> expect token to trade low, token instead teleports to 5m

> everyone thinks you’re running some weird presale extraction scam wth FAIR in the name

everyone needs to calm down, @luc could launch it better but there is no conspiracy here

between that post and now i learned that some people actually sold and your post is more justified 

https://farcaster.xyz/woj.eth/0x7722a198

Feel you, man. It just seems like token launches are burning people lately. We really need to figure out a better mechanic that makes the rules clearer. Every launch is different now, and people don’t know what they’re buying into, or that they might be at a disadvantage.

fwiw https://farcaster.xyz/woj.eth/0x3d949d82

Passionate about decentralization. I enjoy nature. I love to immortalize moments with photographs. Mod /lightchasers & /itookaphoto

web3.bio/amosnena.farcaster

There are too many Scams on Base ! ❌️
But just one Diamond 💎 called : $DEGEN ✅️

community builder-duck #001 |
base advocate

I don't want to believe in it, but it looks like this.. 
I want to believe in our community in a bright onchain future

@sekoweed.eth laid out the situation well 

even if they're honorable people, some I personally respect and they certainly don't deserve the hate because of such a launch, as they didn't even know about it.

but it's all very similar just pocket = community and exit liqudity

CC @jacek 

https://farcaster.xyz/sekoweed.eth/0x28eabf7f
https://farcaster.xyz/sekoweed.eth/0x02b436c1

a very complicated and confusing story
presale vs clanker style vs community tokens

Chart defo looks like that. Those assholes are amateurs. Nobody should fall for this. And yet, their token is in trending in Farcaster wallet 🙄