a lot of teams / founders are (understandably) retracing their TGE plans till markets are better. they would earn + run to higher mcaps by a multiple of 2/3 when sentiment is relatively better
they only TGE once, they have to do it right
and that’s the case entirely we are observing rn
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shorting all mini apps that believe people will open / use them 4x a day. the network's DAUs are probably 20K and you're fighting with another 200-300 active mini apps to get the attention of what? 10-12k people? if clients like base app / fc take off and have 10-15m users it would make sense to get 1% of them to use y...
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the irony of protocols doing buybacks is that they are all sitting on a shit ton of cash (raised or revenue)
hype pump believe clanker all started doing buybacks only when they had a 8-9 figure treasury
if you are starting smth today, I’d urge to not mimic it on day0 because the optics are good; spend money to hire ...
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