@dragic
Full story about TGC that happened 2 days ago here: https://x.com/i/status/2011494238589218999
Some bulletpoints for lazy ones:
1. TGCs work as designed - Successfully prevented snipers from dominating supply. Snipers only got 5.44% versus the usual 10-20% in normal launches.
2. Early participants won - 227 community members got 70.2% of supply at favorable prices, with 4-5x gains at peak.
3. Technical execution was solid - Minor 10-15 minute claim delay, but all smart contracts worked perfectly and no funds were lost.
4. TGCs don't guarantee price performance - They solve distribution, not whether people hold or dump. Price action depends on whitelist quality.
5. Whitelist quality is everything - Mercenary capital will extract and dump. Long-term aligned holders will weather volatility. Fey is building tools to help identify good vs bad whitelists