building @farhouse on @farcaster
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short lived prediction markets right inside your house 🏠 interesting feature sets coming on /farhouse
attention to detail and actionable feedback from awesome users like @attentiontrader.eth will make @farhouse number 1 mini-app on @farcaster. grateful. the ticker is $HOUSE
$HOUSE is now top 4 trending token of @base.base.eth on Dexscreener
It's been 24 hours since the $HOUSE presales and launch, and I wanted to speak about the series of events that took place. - We wanted to raise a small amount in presales, hence min 10ETH and max 20ETH was chosen - The intention was not to raise a large amount, but to raise just as much as needed for building Farhouse. The intentions were right, but the distribution (considering we have 5k+ people in the waitlist) could have been way, way better. - Yes, we missed some key aspects in the sale, keeping it FCFS and that too without a max cap or mechanism like an allow-list was a pure miss. I'm sorry that the distribution wasn't the best. I'm also glad that @dish is now working on the allowlist for the next batch of presales. We learn, we adapt. I also wanted to make a few things clear since I saw this all over my timeline: - The 16 ETH bid only got a portion in by the time the presale was full and is receiving 6.5 ETH rather than 16. Breakdown of actual buys: 2 ETH in block 39040027 (1%) 5 ETH in block 39040029 (2.5%) 2 ETH in block 39040030 (1%) 1 ETH in block 39040030 (0.5%) 3.5 ETH in block 39040031 (1.75%) 6.5 ETH in block 39040032 (3.25%) Not that this is the best distribution, but I wanted to be transparent with everyone here. The presale buyers are also locked for 7 days. - There has been confusion about why a portion of the Pre-Sale amount was not sent to LP. The purpose of raising a relatively small amount in presale was to put a lot of pour into development efforts. Having said that, we will still be doing LP in batches to ensure liquidity and price stability. Will also be sharing on-chain proofs for the same each time we do it. - Once the Pre-sale successfully raised funds, a refund was not possible & token had to be deployed. It was encoded in the smart contract. Now, I really want to talk about @farhouse - Farcaster in its asynchronous communication form is really solid, but there is a big need for a synchronous (audio/video) connectivity layer. We attempted that with Farhouse v0 back in 2024, which did 12 million minutes with more than 10k+ users, but now we are coming up with much more: - Audio Spaces - Livestreaming - Short-lived prediction markets which close as the stream ends - And much more! I have massive respect for @dwr @linda @dish and team. They are some of the most genuine builders and leaders I've seen in crypto. I've known Dan for 5 years now and with such rapid iterations Farcaster makes, I can't be more bullish on @farcaster. Still Day 1. Will be working towards a better distribution of $HOUSE in the coming days, weeks and months with sizeable % allocated towards airdrops (Farhouse OGs and more) and incentive mechanisms. The HOUSE mini-app goes LIVE in a few days. See you there!
FIRST LOOK! Right out of the oven 🧑🍳 Testing out @farhouse with @ramitphi : - doing spaces - tipping via $HOUSE - app runs in background while you can keep scrolling on @farcaster alpha access opens this week for Farhouse OG NFT holders and next week for everyone in waitlist! can’t wait! devs have cooked
it was awesome chatting about @farhouse with @adrienne and @nounishprof on @gmfarcaster - audio spaces with 50,000+ capacity - streaming inside the mini-app - tvs leaderboard - short lived prediction markets inside the stream/spaces - $HOUSE pre sale and token utility and much more! they are such awesome hosts! will share spotify link in the comments as soon as it’s live!
The patience level and sheer optimism of @dish is inspiring. I, @ramitphi and the @farhouse team have learnt so much from him over the last few weeks. Cherry on the top is hands on support by @linda and @dwr All of them being founders themselves makes them terrific operators who understands the pain founders go through. Builders choosing Clanker is a no brainier at this point.