The new History section on @rainbow reminds me of all my stupid decisions, like how I threw ~$130 away by locking instead of dumping my $VVV scamdrop

Another Kchamp classic made legible by @rainbow  history 

Here’s how you turn $25 into $.75

By buying $PUBLIC at the pico top only to get viciously rugged on 😂 

I don’t expect to profit off of dev coins or creator coins — it is a gesture of support — but sheesh 

By contrast my $NATIVE while still down (reflecting overall market) has held its value 

So tell me — What is the right approach to these coins? 

I want to support good projects. However there’s no shared standards or norms around these coins, and I’m unsure how to approach. 

At the end of the day, I would have felt better about just donating $25 to the project directly instead of being exit liquidity for someone else (surely not the creator, but maybe. I haven’t checked the chain)

🌈 The wallet that rewards you for having fun onchain — Get started at rainbow.me

The Farcaster formerly known as Kchamp. Books, beats, bodybuilding, bright ideas and beautiful things.

katherinechampagne.com

ive been told its the same approach for any other coin: buy low sell high 🫠
havent figured this out yet either tho. most people only buy for upside. hoping new appcoins will at least stay stable if they get usage ( including mine 🤞)

mm my experience with locking is initial hype pump (sometimes) followed by a dump while everyone who locked watches thru tears lol. the only real answer izo is don't launch a coin unless you plan on it having real utility. for creators i think nfts usu make more sense (but less pump and dumpable)

Do you think mandatory lock periods help with this at all? Would you offer one as a creator