The Hunter Becomes the Hunted .
The first @precoin to $w (Phil’s coin) launch via Pre_phil hit snags. Precoin allows speculation on upcoming coin launches by staking in pools like Pre_phil, sparked by buzz about Phil’s $w (no affiliation; precoin is permissionless). Co-founder Boro staked $45K, the largest on Farcaster. The system bought $w 7 seconds post-launch (4th block), but 12 snipers outran it, making it the 13th transaction, cutting $w allocation. Users expected a 1:1 allocation (e.g., $100 in Pre_phil = $100 in $w), but it was proportional to their pool share (10% stake = 10% of 7.5B $w bought). Despite communication, the design wasn’t clear. The team underestimated snipers, based on less competitive test coins, not anticipating $w’s hype. Plans include improving design clarity and sniper defenses. 2 replies
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