reido.base.eth 🍌🦍

I’ve been seeing a lot of threads about the Ten Thousand Tokens launch, how the project doesn’t work, TokenWorks is for grifting, etc. and wanted to give my thoughts. I wouldn’t wish launching new ideas in the crypto space on my worst enemy, especially tokens. I truly think this is the hardest medium to work in, as every action is permanent and there will always be someone who feels wronged regardless of how above board you act. I try to act as ethical as possible both onchain and with my marketing. We don’t work with KOLs, Market Makers, or “crime” tokens. If this is what you’re looking for, there are thousands of projects that do. Every idea is a derivative, but I do try to release new ideas to the space. I’m transparent about the rules ahead of time, that way everyone is on the same playing field and can try to solve the game their own way. There’s a reason almost everything is a fork, it’s much easier to launch an idea that is proven to work than brainstorm your own. “You just abandon ideas and move onto the next to rake in fees” When an idea has reached completion, you can either take what you’ve learned and apply it to the next one or lie through your teeth about how it’s “going to change the world” or “going to last forever” which I personally refuse to do. I run the TokenWorks twitter myself just so nothing that could be considered an over-promise slips through. Again, if this is what you’re looking for, there are tons of projects out there that love their marketing. As for TTT, I still really like the idea as a novel launchpad on ETH. We’re going to keep tweaking it and see if anything catches on. Maybe we need to change the launch mechanics, maybe we need to ditch the artistic UI. The core idea of an ecosystem of holders rallying behind launches rather than PvPing feels strong to me. By design it will run as long as Ethereum does, but eventually if nothing catches on my attention will shift but we will have curated 2500-10000 new participants in the TokenWorks ecosystem that we can include in the future. TokenWorks is a playground for onchain financialized ideas, on Ethereum. The mantra has always been we need to keep iterating on new primitives to see what works, and maybe a new killer protocol will be created that is really useful (ie. The Casino on Mars). We’re trying to build coordination games in a space that is inherently zero-sum. It’s difficult. Most will fail. If you want to support us and try our ideas, thank you so much. Regardless, we’re going to keep doing what we do best: experimenting on the frontier.