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PRGRM
31 posts
PRGRM
@PRGRMMONEY
A new way to form and coordinate capital
On Chain Katılım Mart 2024
7 Takip Edilen70 Takipçiler
They tweak. They optimize. They gamify.
But the flaws in DeFi run deeper than code.
This quote wasn't just insight. It was a call to arms.
We don't need more tokens.
We need to rewrite the entire system.
@PRGRMMONEY
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@0xSmit @chainyoda its only evolving backwards if you view the current model as "effective", which we have seen it is not.
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@chainyoda in that case crypto is evolving backwards, most projects before 2019 raised money via icos, now rarely anyone does that, it is mostly raised from sophisticated investors, some do a small ieo but the amount is very small.
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@ZeMariaMacedo we are aiming for something similar to this while maintaining transferability! It requires fundamentally changing how tokens are created however. I.e. removing the teams ability to arbitrarily mint tokens. Each token should represent real liquidity.
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Imo the non-transferrable token route pioneered by $SAFE and $EIGEN starts to make a lot of sense
Distribute non-transferrable tokens to users --> wait until enough of the float has been distributed --> enable liquidity OR just do some kind of TGE event (e.g. LBA) where users can sell their tokens to others
You get enough tokens out there to enable proper price discovery, while rewarding early users
Thoughts?
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The low float high FDV launch is universally hated, resulting in horrible down-only charts. But what are the alternatives?
-ICOs - involve either legal risk or KYC'ing users
-Airdropping more tokens to increase float - end up overpaying early users massively
-Lockdrops - not applicable to all kinds of projects. You need to have some kind of liquidity ppl can deposit that's useful to the protocol
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@matty_ @D0itdifferent Some sort of bonding curve or auction-ish mechanism maybe. Haven't thought about it deeply yet.
Of course I know about you and Fabrizio's work. Keen to chat
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I very much want to do the opposite of the common private rounds + low float play
ICO + 100% unlocked right at TGE
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PRGRM retweetledi
Build a product that ppl use, and launch a token that your users buy
Get holders who are actual users, not just mercenary funds and hot potato holders shopping Bybit
Try to grow crypto's TAM instead of just extracting value. More abundance mindset in this industry pls.
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- Today, we finally reveal more about ourselves.
PRGRM is a new kind of protocol, designed specifically to create and sustain token economies no matter the use case.
Read more in our lite-paper here: prgrmmoney.notion.site/PRGRM-money-A-…
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They are awakening. Set yourself free with @PRGRMMONEY
qw@QwQiao
the old playbook of building/funding vaporeware, playing the hype game, then getting listed on binance doesnt work anymore. theres an oversupply of projects and tokens, and exchanges cant possibly list all of them. simple math. fundamentals unironically matter more than ever.
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@d_gilz Slowly then all at once, will will guide them with @PRGRMMONEY
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The elephant in the room in alt markets is that all of these new launches are tremendously mispriced in their private rounds and participants have gotten wise enough realize this
There are no buyers for your shiny new 5b FDV VC token, so how do we solve this?
These types of launches are not sustainable and everyone from VCs to MMs know it but yet the incentives make it so they keep the musical chairs going
How do we make these projects launch tokens way sooner and let price discovery happen in public markets again?
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pump dot fun but it starts with a time-based LBP before the bonding curve so theres a wider distribution and better chance for fair entry
who's building this
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Study bijectivity, we are coming
/director@fullyallocated
I wonder why token emission schedules are structured around time instead of growth for a protocol. What would it look like for a protocol to mint/unlock X tokens per Y% TVL increase or revenue generated? Much more incentive aligned imo, and dilutive events are offset by corresponding growth
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Not a hype tweet, just a candid recent view:
We need token-first startup strategies.
1) Launch token as early as possible, with what ideally will be the lowest token valuation in its lifetime.
2) Build in public and grow with your community, allowing them to see their participation accruing actual value.
There are some nuances that need to be worked through that I intend to post more about later, but in general my view has evolved to:
Launching a token as early as possible is the optimal long-term strategy.
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