Degen

Haven’t kept up

Did we get an explainer of how  castcoins get launched, specifically re liquidity pools etc.

Know the baseshake just has wild profit for early snipers, wild profit 

I am not sure why as a somewhat experienced or skilled trader I would choose to buy a cast coin unless I was early, early.

Currently the metrics i consider when clipping into a new launch often include distribution, liquidty to MC ratio, how balanced the lp is between say ETH and Baseshake.

Last night when i glanced at the base app later in tge evening it wasnt easy to find any of that info.

I sent this to a group chat yesterday, didn’t trade it cause I was about to leave for late night errands…sent at 10:41 and if traded at that point it could have offered a ~5x to peak which was roughly 11:10PM

Every minute that passed reduced the chance for profit…

In summary, @barmstrong  launches a token stating that he’s bullish on Creator coins. Logically, this token created via the new feature reaches new heights. 

But the creator in question? Few show interest, but he still manages to capture a small portion of the visibility. 

His creation (via Zora) still hits a peak of over 300k, which, with the buying and selling volume, generated more than $500 in collection fees for him in just a few minutes (which can already be considered a success). 

So ultimately, it all makes sense because Brian did say he would use part of HIS earnings to highlight creators. 

By nature, these tokens have a limited attention span, and the transactions generated benefit the creators.

I don’t think Creator Coins are really meant to be traded in the traditional sense. I see them more like TikTok gifts a way to send support to a creator you appreciate, and in return, you receive tokens. Then you’re free to swap them again to support another creator.

The fact that creators benefit from the fees means the larger their audience, the more value they can potentially capture.

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

I don’t think Creator Coins are really meant to be traded in the traditional sense. I see them more like TikTok gifts a way to send support to a creator you appreciate, and in return, you receive tokens. Then you’re free to swap them again to support another creator.

The fact that creators benefit from the fees means the larger their audience, the more value they can potentially capture.

https://farcaster.xyz/sangohan/0x6d253734