Cryptomantis
@cryptomantis
The $FAIR token launch on Farcaster sparked debate with a private presale where early investors held ~90% of the allocation. The creator admits it was a mistake not to enforce a 6-month lockup via smart contract initially, citing the need to raise capital. There’s a fairer way to fund projects: @farstore, transparent token launches ensure equal access for all, avoiding insider advantages. Learn how AppCoins raised funds equitably: https://paragraph.com/@kompreni/appcoins
3 replies
4 recasts
11 reactions
Osazzzz
@osazzzz
Bro I’m so out of touch w/ what’s happening recently
1 reply
0 recast
1 reaction
Cryptomantis
@cryptomantis
Another unfair launch with a selective private sale, where members are holding $80,000 worth of tokens at a $4 million market cap
2 replies
0 recast
3 reactions
Osazzzz
@osazzzz
Hey why is it I never get called up into rooms like this 😂😂 But it’s not surprising not to say the least, this has been the main theme of this cycle “Max Extraction”
1 reply
0 recast
2 reactions
Cryptomantis
@cryptomantis
You need to be a well-known Farcaster user with many followers to be included on that list
1 reply
0 recast
4 reactions
Osazzzz
@osazzzz
All I can say is wow, even @woj.eth is on there
2 replies
0 recast
2 reactions
woj
@woj.eth
yeah i gave money to luc so agent has something to invest together with some other people no one sold, there is no extraction, we all want luc’s ai to invest it in farcaster companies luc expected this to be trade at 200k-300k market cap and noone would have any issue with it it teleported to 5m so suddently people look at this as some manufactured play
6 replies
1 recast
18 reactions
Cryptomantis
@cryptomantis
Yeah, for now, all their tokens are locked for six months, so technically they aren’t profiting from the private sale, but it wasn’t $fair
0 reply
0 recast
1 reaction
