Auction #365 has come to a close, and we have now officially completed one full year of daily onchain auctions @qrcoindotfun.
The winning bid of $1,771.91 led by @hammallama.eth had a total of 757 contributors, each of whom have now received 250,000 $QR as a result of the special incentive we ran for our final auction...
$QR Special Announcement:
We are giving away $1,000 to celebrate $1,000,000+ in bids through 1 full year of daily auctions @qrcoindotfun.
Auction #365 is currently underway and is scheduled to end in ~21 hours, tomorrow March 6th, at 12 noon ET.
This will officially mark one full year of daily auctions.
So we are
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here's a question:
how many farcasters do you follow who are no longer active but might become active again if an upcoming token started gaining mindshare on X?
new first-time users would be great of course but even just re-activating a bunch of the great people who churned would be a big win relative to the status q...
Re: Farcaster token, there is a risk/reward of course. But what do we have to lose? Not nothing, and having nothing to lose isn’t reason enough to do it. But it is worth acknowledging that the network has substantially less to lose than it did 1 year ago, at least, I would argue.
Public perception outside of Farcast
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650+
563 individuals have contributed to the lead bid on today’s auction @qrcoindotfun
Yes, the vast majority of them are almost certainly motivated by today’s incentive where contributors to the winning bid will split a $1,000 reward, but still, what other auction allows for the permissionless alignment of hundreds of pe
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563 individuals have contributed to the lead bid on today’s auction @qrcoindotfun
Yes, the vast majority of them are almost certainly motivated by today’s incentive where contributors to the winning bid will split a $1,000 reward, but still, what other auction allows for the permissionless alignment of hundreds of pe...
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As hard as it is to get these things right, I do think Farcaster is in a better position to figure it out than Base. It’s a much more contained ecosystem. Everyone has a profile. Neynar score. Mini apps. Farcaster Wallet activity etc. A good number of people have used Farcaster for years. Still not easy, but easier.
Re: Farcaster token, there is a risk/reward of course. But what do we have to lose? Not nothing, and having nothing to lose isn’t reason enough to do it. But it is worth acknowledging that the network has substantially less to lose than it did 1 year ago, at least, I would argue.
Public perception outside of Farcast
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Re: Farcaster token, there is a risk/reward of course. But what do we have to lose? Not nothing, and having nothing to lose isn’t reason enough to do it. But it is worth acknowledging that the network has substantially less to lose than it did 1 year ago, at least, I would argue.
Public perception outside of Farcast...
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My response to “How does (a token) help Farcaster in the long run?”
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I lean yes here btw.
It’s probably the most obvious high upside move available for Farcaster, just mostly disregarded because the answer for a long time was default no, but the circumstances have changed.
How best exactly to do it is much less obvious, but I am generally in favor.
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105 contributors to the lead bid right now for auction #365 @qrcoindotfun
$1,000 / 105 = $9.52
That’s how much each contributor would receive in $QR if the auction were to end now.
Most of them contributed just $1 and would make a quick $8 profit.
Nice.
$QR
$1.2K 6h vol
$548K
0.32%
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$1,000+ bid leads the final auction of our first year. www.qrcoin.fun
Contribute to any bid for as little as $1 or start your own for $11.11+ and win a piece of $1,000 worth of $QR if you win (split evenly with the other contributors to that bid).
Losing bids are reimbursed in full.
$QR
$1.2K 6h vol
$548K
0.32%
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