eggman ๐ต
Posted on 8/6/2024 to /founders
gm all, given some recent rug-related events, I'm here to give my take on a long-pondered question; How should devs/founders sell tokens in their own project? Firstly; if you've not got 6+ figs in LP (MINIMUM), it shouldn't be via market sells. Even then, it STILL shouldn't be via market sells imo. Here are two (legitimate & chart-saving) ways to exit positions; 1) v3 liquidity pairs; place your stake into a v3 liquidity pair that converts into ETH as the price increases. Works like setting a limit order, and helps buy slippage to boot. Important not to over-allocate here as it can anchor the price (buys stop moving the chart), or having too much in there can act as a liquidity rug. 2) Bonds. Similar to the above, but usually managed. QuickSwap & ApeBond are two providers - they essentially offer your tokens OTC at a minor discount and have them vest over time, preventing arbitrage rektage. If you MUST market sell; limit price movements to a maximum of 0.5% impact per day (during positive action).
Zenigame
also plz make sure projects are more than just front-end + narrative
pentacle
I'm supporting you through @microsub! 77 $DEGEN (Please mute the keyword "ms!t" if you prefer not to see these casts.)
joshisdead.eth
Vested tokens are the key
Roman ๐ค
Pretty good strategy, I'm afraid there will always be devs that don't follow it ๐
ciefa ๐ eth/acc
This. And if you need help figuring this shit out, reach out to me. Eggman and me will help (for compensation tho). Take this shit seriously, y'all have seen what else can happen :C
GM eggman ๐ซก๐ฅ I agree with this and its not right for devs to dump on the masses Crypto is still the wild west so people don't even care if they do shady shit... But imo this just makes crypto look bad as a whole and its what deters noobs from joining
Caira.degen.eth๐ฉ๐ญใ
Gm eggsir! I love the meme and beside that it was explained clearly ๐ฅฐ I hope many ppl will think about this
Pedro
Why not use your token allocation as collateral to borrow against? If you set a low enough LTV, you demonstrate trust in your project. If you don't pay back your debt, your collateral gets transferred to your lender, without dilutive event. PWN.xyz does exactly this: - custom lending terms - fixed rates - time-based liquidationj
Gm eggman โ Bullish on Devs who don't dump on their community ๐ ๐x123 25 $degen
not_not_Duna ๐ฉ๐๐งพโฐ
Thats a big question especially in low liquidity coins. I don't think devs should take profit directly so early, or at least in the first year. And if they do it should be a small life maintenance amount. Just like it works in startups of real world/web2
Abs ๐ฉ
Gm eggman! The information is highly valuable ๐ซถ thanks ๐ 69 $degen
arfonzo
Morality lessons from eggo: I love to see it. ๐ป
Sujit ๐ฎ๐ณ ๐ฉ
Gm eggman happy Tuesday
Maretus