@jake

positive & negative perspectives on @qrcoindotfun negative: @qrcoindotfun is in the midst of its worst month in more than a year. Not going to sugarcoat it. Through 441 daily auctions, the average winning bid has been $500. This past month, it has been just over $100. Not great. We're also seeing less attention driven to the daily winner. Around 2,000-3,000 uniques daily vs. 5,000-10,000+ as we had seen previously. Also not great. positive: @qrcoindotfun is still alive. There is an auction every day. There has been for 441 straight days. The most popular daily auction in the history of crypto effectively died during this time. Many of the most popular projects and protocols in crypto have died during this time. Some people think crypto is dead now. But at least one person is still willing to pay every day to control the QR coin. Because the winner of every auction actually gets something of tangible value. Crypto-native attention driven to any link they'd like, for a full day. So people are still using it to promote their tweets, apps, tokens, etc. There's always someone on the internet looking to drive attention to something. Fortunately for them, the onchain attention machine is still working. also positive: @qrcoindotfun can stay alive. We spent a good amount of time and money in recent months to save time and money on a recurring basis moving forward. What does that mean? Automation & cost-cutting. These counter the things that kill businesses, which are recurring time requirements and recurring expenses. QR's are now trivial. With $100 of daily revenue from the daily auction, it pays for its continued existence 2-3x over. $33 bids are breakeven. So as long as the QR continues to drive what the market deems to be worth more than $33 worth of attention on a given day, the onchain attention machine can continue to pay for its own persistence. Worth noting, we have only had 4 auctions go for less than $33 in QR's 441 auction history. And all 4 of those auctions were within the first 30 days of its existence, when it was more of a meme than a genuine attention machine. That was early April 2025. It's May 2026 now. QR is not as big as I would have liked it to be, but it is still alive with the ability to survive a lot longer than I expected it would the day I launched it, just being pragmatic about the probabilities. The half life of most crypto projects is measured in days or weeks. We are now at 1.2 years. That feels like forever considering how fast crypto moves. What a story it would be if it worked out in the end.

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