mjc716 on Farcaster

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https://warpcast.com/~/channel/spotlight

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@clanker Reintroducing Spotlight A product studio building on the frontiers of internet capital markets (ICM) Read on for more about the vision, the $SPOTLIGHT token and the airdrop 🧵 👇

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Don’t know what ICM is? Literally no one does. Anyone who claims they do is lying or deceiving themselves. But that’s what’s so fun about building on the frontier. You get to do the rugged work of exploration and discovery.

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We’ve been building on Farcaster and CT for close to two years now, launching a new project every few months. On CT, you might be most familiar with Politiswap, where we tokenized all 541 members of Congress and built a gamified trading experience around it.

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On Farcaster, we’ve built projects like Procoin and Social Token with novel in-feed token distribution mechanisms and miniapp communities centered around curated content and live chat.

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We’re now excited to relaunch the @spotlight studio with a refined mandate: Chase the frontier of ICM and figure out what the hell it’s all about

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We’re also putting forward a new cap structure, designed for a studio that will take many shots on goal. The $SPOTLIGHT token is our hub token – the cornerstone of the studio.

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All future drops – ones that include a new token launch and ones that don’t – will drive value to the hub token in some form. We may do this via a liquidity pairing, a buy-and-burn model, a burn-to-buy model or otherwise. We'll be taking both big swings and small ones

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As part of this new model, we’re offering a token exchange for all previous tokens issued from the studio. Holders of $PRO, $PSWAP, $RIDDLE and $SOCIAL will all be able to exchange their tokens for $SPOTLIGHT at a fixed rate. Exchange will be available after the mandatory 7 day Clanker lockup expires. More details in the docs. https://docs.spotlightcrypto.xyz/spotlight-token

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🔔 🔔 Finally, we’re dropping our first project right now in this very post! It's both an in-feed airdrop program and a mini app experience. Excited to announce: 🏛️🏛️ The Spotlight Museum of Art We’ve allocated 5% of token supply to collect 1001 pieces across 29 NFT collections on Base. The pieces will be enshrined in our permanent collection. They cannot be transferred or sold. Contribute an NFT piece and receive an airdrop. Follow the instructions in the mini app to participate: https://app.spotlightcrypto.xyz/museum-donate

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Let me get this straight, you're kindly offering 1 to 1 swap for $SOCIAL, while $Spotlight having x1000 supply? As of right now, at the bottom, social is trading at the 8x higher price than $Spotlight after launch hype.

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why is friday not included here o.O

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