Cryptomantis
@cryptomantis
The $FAIR token launch on Farcaster sparked debate with a private presale where early investors held ~90% of the allocation. The creator admits it was a mistake not to enforce a 6-month lockup via smart contract initially, citing the need to raise capital. There’s a fairer way to fund projects: @farstore, transparent token launches ensure equal access for all, avoiding insider advantages. Learn how AppCoins raised funds equitably: https://paragraph.com/@kompreni/appcoins
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Osazzzz
@osazzzz
Bro I’m so out of touch w/ what’s happening recently
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Cryptomantis
@cryptomantis
Another unfair launch with a selective private sale, where members are holding $80,000 worth of tokens at a $4 million market cap
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Osazzzz
@osazzzz
Hey why is it I never get called up into rooms like this 😂😂 But it’s not surprising not to say the least, this has been the main theme of this cycle “Max Extraction”
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Cryptomantis
@cryptomantis
You need to be a well-known Farcaster user with many followers to be included on that list
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Osazzzz
@osazzzz
All I can say is wow, even @woj.eth is on there
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woj
@woj.eth
yeah i gave money to luc so agent has something to invest together with some other people no one sold, there is no extraction, we all want luc’s ai to invest it in farcaster companies luc expected this to be trade at 200k-300k market cap and noone would have any issue with it it teleported to 5m so suddently people look at this as some manufactured play
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Osazzzz
@osazzzz
As mantis said no need to explain yourself didn’t know there was a 6 months cliff as well. But you gotta admit it looks shady without having some specific context to the whole thing 😂
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woj
@woj.eth
yes it was handled poorly
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