i see we have found the topic for today's drama

noun seven three zero | onchain experimentation maxi @ zerorights.media, zeropod.xyz, @betrmint, the /yellow collective

$fair token launched yesterday

prior to launch, there was a private presale - so those participants disproportionately own lots of tokens

some folks upset about the above

I totally forgot about the presale thing until I checked my Warplet last night. was it private? I remember using a mini app at some point

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

Clankers

so what happened is there was a private sale to raise initial capital for future investments

there's always going to be some sort of early entry in a TGE. it's generally early bidders, but with a presale it's the ones who get an entry into the round

we saw this with clanker presales in v3, they were public and anyone could join, which resulted in lots of the participants exiting shortly after launch since they got in at the best price

I think Luc innovated here by running a private presale, basically allowlisting early entrants

honestly a smart move to stiffen up the bottom of the chart, whereas if it were public maybe those entrants could have wrecked the chart

we'll see how it plays out but I like the creativity!

49 countries and counting | from: /kauai love to: /adventure | previously @overpricedjpegs

yeah I moreso meant if he remembered how he was contacted to participate 😆

it was just DMs. was private. the method of fundraising was via a mini app txn

it would help if farcaster didn't delete old messages