basil (propagation arc) pfp
basil (propagation arc)
@itsbasil
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
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Juliettemeon 🎩 pfp
Juliettemeon 🎩
@juliettemeon.eth
totally get where you’re coming from, lots of solid points, but not every project has to follow the same playbook, some have done well with low founder stakes or no treasury at all
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basil (propagation arc) pfp
basil (propagation arc)
@itsbasil
fair fair
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1 reaction