Experimenting w CAT Launch Mechanisms Happy to share that Jupiter will be collaborating with @Irenezhao_ to launch @iloveasianmom, experiment with new launch mechanisms to improve the memecoin meta, and hopefully give degens an on-chain mom to care for them when they are sad.🤱🏻 * now: sad degen 😢 Major Problems Today There are some major PvP problems with the current launch meta for memecoins - including fake wide distribution, sniping, opaque dev allocations, ability to instadump, lying "influencers", massive presales with dev dumps, etc, etc, etc, etc, etc, etc, etc. CAT: Certainty, Alignment, Transparency Ideally, launch mechanisms for memecoins should build certainty, alignment, and transparency for the community, while giving the project lots of room to explore, grow and reward participants. As such, we will be working with @iloveasianmom to help them achieve the following for their launch: 1. Wide initial distribution: To prevent any single point of control of initial supply, there will be an airdrop based on the tweet I did (twitter data is hard. currently working hard on an inclusive yet accurate filter, will update soon) 2. Known dev wallets: With clearly marked on-chain cliffs and vesting so instadumping is impossible 4. Long term aligned liquidity: Where the initial liquidity providers who get in cheaper and the team are fully aligned in the long term, while having the potential to use fees to help fund immediate development 4. Multi round distribution: To reward proactive community members and align w other communities 5. Cross community collaboration: Marketing is crucial to projects, but we believe this is best achieved w broad public collabs and not under table deals If these works, ideally it can serve as a model for other memecoins in contrast to the sniping, opaque control, instadumping prone, paranoid launch meta we see today. Jupiter and JUP DAO For strong alignment with the Jupiter community, the Jupiter DAO will receive 5% of the ASIANMOM tokens. The Jupiter DAO is the best DAO in the universe so I am sure we will be helpful 😇🤣🤪 To keep things very clean (cats like things clean), neither me nor the Jupiter team will be receiving any allocation. Instead, we will looking to formalize/productize some of these key CAT mechanisms into a permissionless system that any projects can use to launch their token. Timings It is up to the @iloveasianmom team to decide on when they want to deliver. On our end, we will be building up the needed mechanisms and initial airdrop list. PPP Alright, lets get to feeding some degen babies and see if we can learn something in the meantime. With some luck and over many such experiments, we might even be able to get some ideas on how to move the PPP idea forward. Peace, 🐱 * soon: happy degen 🤱🏻
