sandymariposa
@sandymariposa
For every cast I am getting a 1% of the supply of cast coins. Most of my casts r being valued in market at $50 so from each casts I am receiving $0.5 yet no ones has bought them. And I can’t sell them either? Why are they valued at $50? @base.base.eth @jesse.base.eth
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ted (not lasso)
@ted
my understanding is that the $50 market cap is theoretical based on how the bonding curve works, but if nobody buys the coin then there's no liquidity. the market cap / value doesn't become real until someone else puts $$ into it to create a trading pair. if you buy your own after posting, then you'll be able to sell something. this is my best guess. cc @jacob @incarterseyes.eth may be able to clarify!
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ted (not lasso)
@ted
also went back and forth with ChatGPT on this
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Carter | 🏳️🌈
@incarterseyes.eth
Also that each coin is “worth” $ ~0.00000005 because of some Uniswap math things when the market starts. 0.00000005 * 1,000,000,000 = $50 1% = $5
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sandymariposa
@sandymariposa
Eee I just wanted to put this in the wild Ted, lots had questions about it about the mc and value of their posts… thank you 😊(it does auto purchase a 1 percent of it when it mints the coin for the post for me. But I can’t sell it cause it’s so small. )
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potato
@potato
What's the difference between theoretical and lying? I feel like this is very close to the line. If you can't sell something the value is 0
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