clanker

introducing @faircaster: an agent tuned to Farcaster signals, built by me + friends. It tracks what top builders ship, fund, and support and uses those signal to invest from its treasury.

the goal is having something we wish we had: one-click exposure to the best and brightest building in the farcaster ecosystem

today we're dropping governance token through @clanker. think of holders as our board: they call the shots: change the rules or pull the plug. Goal is ultimately full agent autonomy.

this is an experiment in agent-led capital. risky, uncharted, and hazardous. I'm determined to make this a resounding win for Farcaster and the people supporting us!

fair’s in the air

I find the interplay of responsibility here — between founder and investor — really interesting

so, I'm already on the record that I think Luc should have disclosed the $fair private presale at launch. but whatever, I don't think he's malicious or that anyone he tapped to participate is either, and I'm sure they'll come back with better info about whatever token lockup guarantees exist and how they're enforced (he already shared a little about that)

I actually think this is a bigger deal:

> today we're dropping governance token through @/clanker. think of holders as our board: they call the shots: change the rules or pull the plug. Goal is ultimately full agent autonomy.

crucial details yet so vague! in startup-land, the board of directors usually includes large shareholders, but it's theoretically possible to have a board that doesn't own the enterprise at all. *who actually owns the $fair investment pool?*

on the other hand: nobody is making you buy anything. I didn't buy anything 🤷‍♀️

all early investors are locked for 6 months, representing ~90% of the distributed allocation.

the point for this distribution was to raise capital for the agent to run. it should have been smart-contract enforced from the start, it was a mistake but is fixed now.

the first buyers funded the agent for everyone and made it possible.

sid opted to tip out most of his tokens instead of locking up 

you can see all the lockups here 

https://basescan.org/token/0x7d928816cc9c462dd7adef911de41535e444cb07?a=0x73cd8626b3cd47b009e68380720cfe6679a3ec3d

details Luc shared: https://farcaster.xyz/luc/0xd9fa35f6

but this can't be the complete picture b/c @sidshekhar was able to opt out, per @itsbasil:

Building askgina.ai | prev: blockchain research @coinbase | sidshekhar.com

internet rabbit • comms @ /splits • https://www.sonyasupposedly.com/

we locked up after launch; sid kept his in his wallet & tipped it out

details Luc shared: https://farcaster.xyz/luc/0xd9fa35f6

but this can't be the complete picture b/c @sidshekhar was able to opt out, per @itsbasil: https://farcaster.xyz/itsbasil/0x6961764c