before heaven and earth there was precoin.fun

Quick retro on today's first @precoin -> coin launch. This didn't really go amazing and I apologize - we're making a lot of changes to refine the idea:

1. We built precoin because we wanted a tool/way for people to speculate on someone launching a coin before it launches

2. Pre_phil started because we saw on the timeline that phil was gonna launch a clanker (phil has no affiliation precoin is permissionless)

3. People put money (with my cofounder boro having a $45K stake/ the largest on farcaster) into pre_phil to get access to $w (phil's launch)

4. Precoin worked as designed and our system automatically bought $w as soon as it launched (4th block, 7 seconds post launch)

5. However we were the 13th transaction and it got sniped 12 times before we market bought

👇

FID 899 | founder/ycombinator alum

bwl.gg

building @precoin and more

built: lunchbreak.com ketl.xyz, eggs.fun, @sealcaster (1st anon casting tool), and more

Tbh unless you're taking this seriously, you're gonna constantly get bad fills and get fucked every launch

definitely - gonna completely rework how precoin work for sure

tighter integration with clanker or just only do precoins for launches that happen on our platform so we can control from the 1st block

also probably gonna remove the pre-coin erc20 component and move to an eth vault or something similar