Luca Pacioli

316 posts

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Luca Pacioli

Luca Pacioli

@BitMaximusPrime

I don't actually hold any BTC

Melbourne, Victoria انضم Ağustos 2023
83 يتبع37 المتابعون
Enom S
Enom S@BandannaMan02·
@7AFL Why is this still in the public arena? Pack of scavengers. Also those spreading hearsay or not, about drinking - shame on you.
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7AFL
7AFL@7AFL·
Carlton's CEO Graham Wright has fronted the media this morning following Thursday night.
7AFL tweet media
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AJC
AJC@AvgJoesCrypto·
There's been a ton of debate over @pumpcade's ACE round recently. As someone who: 1) has written numerous times about how token-equity relationships in crypto are broken, and 2) holds a meaningful position in $PUMPCADE, I believe I bring an interesting perspective to the debate over whether ACE is good for PUMPCADE and, more broadly, for token-equity relationships. First off, and what is being greatly overlooked in my opinion, is how the PUMPCADE token came to be. Last September, @PopPunkOnChain launched the PUMPCADE token for a PvP streaming game on @Pumpfun. The token was fair-launched, and Pop reserved no supply for himself, as it was just a fun side project. This detail is critical. There was no intention of raising funds for Pumpcade, so a fair-launched token was sufficient. Since then, Pumpcade has evolved into a short-term prediction markets project that is *completely* different from the original vision. And to execute on this new direction, Pop very clearly needed to raise funds to build out a team. However, this created its own set of challenges as Pop did not reserve any portion of the supply. As a result, he couldn't raise funds by selling tokens. At that point, there were two options: 1) Abandon the token. While it would've been a shitty thing to do, it would've been perfectly legal and greatly accelerated Pumpcade's product and roadmap. After all, what the PUMPCADE token was originally launched as bears no real resemblance to what Pumpcade is today, aside from the name. 2) Forge a new path that somehow retains the PUMPCADE token. This path was undoubtedly harder than the alternative and would also delay product development, but would keep tokenholders happy. Thankfully, Pop chose the second option, and the ACE fundraising mechanism was born out of it. It’s extremely important to understand that Pumpcade is offering ACE *because* the token matters. If Pop wanted to abandon the token, he would’ve taken the first option long ago. Now, does ACE solve the token-equity relationship? No, I don't think so. But did ACE offer a workable solution that allowed Pumpcade to raise the necessary funds while not screwing over tokenholders? Absolutely. It’s still TBD how value accrual will ultimately be split between the token and equity, but I’m extremely confident that there will be value accruing to the token. Tokens contributed to the ACE round are allocated to the team. In other words, Pumpcade is effectively comfortable exchanging 10% of its equity for 25% of the token. Assuming they are not nefarious actors (and based on every interaction I’ve had, I’m 100% confident they aren’t), they would only be willing to do this if they believed the token itself was valuable. As for what I'm going to do with my tokens, I'm still undecided. This is my own opinion, but I believe that the token will be the primary value accrual mechanism, and the equity is there in case of an acquisition. So, therefore, my mental calculus is that the amount of tokens you convert is based on your assigned probability on how likely an acquisition is. High probability = convert more, Low probability = convert less.
AJC tweet media
Pop Punk@PopPunkOnChain

x.com/i/article/2044…

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Fabe
Fabe@Fabuloso77777·
"Time for open beta"...... $pumpcade
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Luca Pacioli
Luca Pacioli@BitMaximusPrime·
If you’re seeing this, you know what’s up, are we buying $pumpcade at this level ?
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Tim Michell
Tim Michell@tim_michell·
Essendon and Richmond have got hope and are stacked with kids before Tassie monopolises the draft. This is what worries me most about Carlton. It feels like there's still worse to come.
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Luca Pacioli
Luca Pacioli@BitMaximusPrime·
@LowHash @pumpcade I’ve been in this situation plenty of times, I held the top, and I’ve been recked, you think I would know better, but this time feels different
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lowhash.hl
lowhash.hl@LowHash·
Incredibly irony seeing people fud @pumpcade at $30m mcap while they call for memes of absolutely zero value to go to 9-10 figures. Great reminder that many people here aren’t profitable.
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Luca Pacioli
Luca Pacioli@BitMaximusPrime·
Selling $PUMPCADE now is like selling pumpcade 30/11/2025, “Any entry below $10m is generational” - @PopPunkOnChain “Generational is not 2x” - @BitMaximusPrime
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Luca Pacioli أُعيد تغريده
Geoffrey
Geoffrey@frizzaud·
Top holder of pumpcade just locked up 25m tokens for equity
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Luca Pacioli أُعيد تغريده
𝔊𝔥𝔬𝔰𝔱
𝔊𝔥𝔬𝔰𝔱@_0xghost_·
Based on this video, seems like VCs got the 10% of tokens team currently holds. If this includes both rounds ($6m) means VCs bought in at $60m val, at least on the token side. At current token mcap, holders get in slightly higher (70-75m) but almost on same terms as some of the best VCs in the game. Bc the team no longer has the 10% of tokens, they are currently not holding any of their own supply. They want 25% of the tokens under their own control so bad, they willing to give up more equity, to holders. The whole situation seems very bullish to me. Anyway, pumpcade.
Pop Punk@PopPunkOnChain

Here is a short summary of the article explaining the @pumpcade ACE round.

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Luca Pacioli أُعيد تغريده
Dtrain22
Dtrain22@dtrain22k·
Guy who has never made a good call in crypto thinks it’s bearish that you can convert pumpcade tokens to equity if you so choose. Things like this are WHY we are in crypto. You don’t get the opportunity to choose your own adventure outside of crypto. Fries in the bag lil bro.
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Luca Pacioli
Luca Pacioli@BitMaximusPrime·
@flewTrades Yeah I have a little capital left to deploy, but I imagine I’ll go all in after this little dip
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flew
flew@flewTrades·
@BitMaximusPrime I hope so, I dont mind if we go lower though, want to accumulate more
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Luca Pacioli
Luca Pacioli@BitMaximusPrime·
@thenarrator You just know when you see posts like this and review the comments, we are so early solana:Eg2ymQ2aQqjMcibnmTt8erC6Tvk9PVpJZCxvVPJz2agu
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good
good@thenarrator·
what are your favorite current projects in the prediction markets space (new primitives, infrastructure, niche verticals)?
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GeeGazza 
GeeGazza @Gee__Gazza·
Finding it very funny how many big accounts I've never seen mention Pumpcade once are talking about it today.
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GeeGazza 
GeeGazza @Gee__Gazza·
The fact most of my “usual” feed hasn’t even addressed Pumpcade shows me there’s still tremendous upside here. Good job team.
PUMPCADE@pumpcade

We're proud to announce that we have closed another oversubscribed funding round for $5M We're bringing on @jump_ for their expertise in revolutionary decentralized technology and are excited to have @foundationcap double down on fast paced instantly resolved markets Pumpcade.

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