flew

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flew

@flewTrades

Uni Student | Narrative Trader | AOB 👁️

Katılım Şubat 2025
1.1K Takip Edilen1.4K Takipçiler
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flew
flew@flewTrades·
Lot of heated takes on the Pumpcade ACE round. I've been going back and forth on this myself so here's where I've landed. The bear case isn't wrong. If equity and tokens both exist and claim value from the same business, the token is structurally junior. That's not an opinion, that's how capital structures work. In any acquisition or IPO, equity holders get paid first. Token holders are behind them in line. But let's be honest about something. This problem isn't unique to Pumpcade. It's literally every VC-backed crypto project. Every project that has taken seed funding has a company behind it with an equity layer. Uniswap has Uniswap Labs. Pudgy Penguins has Igloo Inc. The list goes on. The equity exists whether you know about it or not. The VCs who wrote those cheques own a piece of the company. Token holders don't. That's the standard. Nobody complains because nobody talks about it. The only difference with Pumpcade is they're not hiding it. They're saying here's the equity layer, it exists, and here's a way for the community to access it if you want. That's not creating a new problem. That's making an existing problem visible and giving people a choice. Here's what people are overlooking as-well. The team is giving up 10% of their company to acquire 25% of the token supply. Why would founders, who notoriously hate giving up equity, trade a chunk of their company for tokens if those tokens had no planned utility? You don't give away equity for something you think is worthless. That's not how founders think. The fact that they want the tokens badly enough to trade equity for them tells you they have plans for what those tokens do inside the product. They just haven't announced it yet. If the token has no utility beyond speculation then yeah, you're holding a junior asset with no defined claim on anything while equity holders sit above you. That's a legitimate concern. But the team's actions are telling you the opposite. People just aren't reading the signal who bring up this argument. The "250% dilution" framing doesn't hold up either. The equity layer wasn't created by the ACE round. It existed the second Pumpcade incorporated and raised VC money. When Uber raised its Series A, existing shareholders got diluted. Nobody called it a scam. They understood that fundraising means giving up a piece of the company in exchange for growth capital. The suggestion to just "mint new tokens with holder approval" sounds smart but ignores reality. Fair-launched tokens don't have governance mechanisms. There's no DAO, no voting structure. And minting new tokens IS direct dilution, the exact same thing packaged differently. What I keep coming back to though is this: The alternative to the ACE round, which is what every other project does, is equity existing silently in the background while the community holds tokens with zero visibility into the cap table. That's the industry standard. That's worse. Crypto hasn't solved the token-equity problem. Nobody has. Pumpcade is at least trying something new by making equity accessible to the community for the first time. Whether they nailed the execution is a fair debate. But pretending this problem doesn't exist everywhere else, when it does, it's just hidden. And this is the whole reason we ALL came into crypto let's be honest, we're interested in the space. We're intrigued by Web3. At least Pumpcade is trying something different. Anyways $PUMPCADE
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flew
flew@flewTrades·
Gm gm gm 🌅 Happy Sunday Have a blessed day Inner igloo today 🐧
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flew
flew@flewTrades·
Ye that’s true. But people preach on here so much they are here to grow the space forward and all they become is toxic and hate. Like we’re in web3 retail already thinks crypto is a scam and sus. Like people in web3 should all want the same thing and that is for everyone to win no matter what. (Maybe I live in a dumb world though) But I feel like we should all want everyone to win yk
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Duckster ✳️
Duckster ✳️@Duckster1414·
@flewTrades @PopPunkOnChain Tbh the praying for downfall has been a consistent thing in web2 as well. Fudding because you aren’t a part of something is pretty common. If the product is great, they will win. I am new holder of $PUMPCADE and liking what I see so far.
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flew
flew@flewTrades·
Praying on someone’s downfall is the reasoning when people keep leaving the web3 space. You’re contributing to the problem of toxicity. At least @PopPunkOnChain is actually building something for the space. And I respect you, you’re an actual creator in this space. And you’re not stupid, the whole reasoning your doing this is for engagement. Like yes you lean in to the aspect of “Looksmaxxing” to try and onboard retail. But hating on someone’s looks is it not it. It gains you nothing. But at least we have a team who’s actually trying to push this space forward and you should respect that. Anyways solana:Eg2ymQ2aQqjMcibnmTt8erC6Tvk9PVpJZCxvVPJz2agu
rasmr@rasmr_eth

Product is still not out btw. Lol

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flew
flew@flewTrades·
@BrightAvian @LucaNetz Glad u spoke on the space. U have words of wisdom and I expected everything you said. ❤️
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Bright Avian | True Pengu King & Hand of Neo Tokyo
Very very pleased and happy with this inner igloo, thanks @LucaNetz and community team. Great job big bird, love how you approached that. Also happy to hear personal life is going better again! Very happy for the open feedback stage and really liked Husker’s question to the community team members’s own points for feedback. Liked the points brought up and feel like the seeds I planted clearly sprouted and started the change I hoped to see ♥️ @ppmcghee: Thanks for all the 1:1 meetings. @ActuallyAgents: Personalized GIFs coming back would be awesome. @Berko_Crypto: Love the contest idea. Please do pure art and AI art and memes seperate. SBTs could be cool prices that don’t cost anything and are still appreciated. Special version for top 3 maybe. @beausecurity: Happy I got in your head and turned you to a patron of positivity instead of the cope harder mindset. @LucaNetz: Love the point about community artist activations! Commissioned an initial art piece and working on weekly art bangers with @FroggyCyborg atm (see in replies). We have a ton of gem artists in the community, definitely should activate them.
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Bright Avian | True Pengu King & Hand of Neo Tokyo@BrightAvian

Lemme start this off by saying that I have become complacent last year about @pudgypenguins. In the early phases of the takeover it was pretty clear to me that @LucaNetz and team needed a strong community that is rallying behind them here on CT to make this thing work. At least half of the NFT space hated on penguins for various reasons and never fully accepted them as one of the blue chip NFTs – which however made the huddle hold together and push even harder. Yes, as captured on a VIBES TCG card, Luca did in fact save the Penguins. But long before that the penguin community turned themselves and our beloved penguin NFTs into something that is genuinely cherished by many worth saving ... and before anyone came along to save the penguins, the community fought and rioted and tried hard to save themselves. This is how we got here in the first place. It is also how we made it into a NYT article or raised huge amounts for charity with an auction by @EtheriaChan that featured @cobie, @Cryptopathic, and @loomdart. Fast forward, these old times seem long forgotten in 2026 – just one page in the endless encyclopedia of pengu lore. Luca and team building on the foundation created by the community (as well as the old team and especially the original artist who by a stroke of genius or luck or sheer talent drew this simple, yet captivating and impressive, art, that, we all fell in love with) did a fantastic job. Penguins are seen, liked, and shared on Instagram by couples and people across the globe. Toys made it to Walmart and into the homes of many kids that never even heard the word NFT. Everything felt like smooth sailing now, aside from some envious haters or the occasional – sadly not atypical – PvP between NFT communities, most people were championing penguin now, while many of the former big blue chips died. Everything seemed almost perfect – lean back and enjoy the ride, praise the team for their good work, like & share the new releases and updates, and proliferate the penguin (?!). Well ... in that seemingly perfect smooth ride lies a silent danger. Looking outside projects are dying left and right, meanwhile penguins doing well, good stuff happening. Yeah there might be hiccups, some frustrations, maybe even some true problems ... but things are going much better than elsewhere ... by a landslide ... would be ungrateful to speak up. Just shut up and enjoy the ride ... penghalla is coming! Now ... this creates two big problems: First, we've turned from a community that was very outspoken, constantly sharing feedback, critique, and rioted so hard that we made the old founders leave and sell the project into a seemingly positive yes-men culture that mostly just praised and amplified the work of the team and swallowed most frustrations for a long time now. It is super commendable that the Inner Igloos are still ran without much of any miss on a bi-weekly basis and in theory they offer a good opportunity for feedback (as they did very well in the past). But, while it's exciting how much they grew in listeners, that causes two issues: (1) There is lots of potential input but very limited time and hence it is close to impossible for everyone to speak up or share their thoughts and – imho even more importantly – (2) the vibe changed a lot; it turned from a cozy campfire chat where one could spitball ideas and openly voice concerns and critique as well as constructive feedback to much more of an update session and people expressing gratitude and excitement. This is only natural as the numbers grew, but there has never really been a proper alternative way that found much usage. There are kinda both sides to blame for that. We as the community never really asked for one and the team side failed to recognize that was has been around did not really live up to the task. As such, lots of unheard feedback & frustrations piled up and the disconnect between the community and the team feels somehow larger than ever (kinda excluding Pudgy Asia from that where @FoxyPenguinApe does a fantastic job with especially IRL events & community, but I believe that even in that region similar issues still exist for the CT / "only online" audience). This is very sad to see, because the community and the team being in a strong interlock was one of the superpowers of @pudgypenguins – as stated by @LucaNetz: "you all are the brain, we are the muscle". I do not believe that this general idea and vision changed, but in the last year it has not been working remotely as well as it used too. Sure growing pains and all, but it is a crucial loss and deepens the feeling of disconnect which is dangerous. Two ... "Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times (Hopf)". The penguin community, molded in FUD and constantly fighting back in 2021 and 2022, had some of the most impressive and relentless energy ever. Instead of accepting the downfall of the project we constantly pushed forward against all odds – overcoming all obstacles somehow. A lot of this carried over into the bear market and early phases of the 2024/2025 bull market and then slowly fell off. No more fights, smooth sailing, winning. I think this also in parts happened on the team side as well. On the CT community side we saw less and less spaces, less viral stuff, less pengposting (not in total, community grew, resourced grew, but we literally took over CT back in 2021 with a tiny crowd of people; now more and more of us became complacent). It is still good, better than most, but the direction is wrong. On the team side I can only speculate. But it feels like sometimes too much was put on the plate. Smooth sailing and winning can create over-optimism and a bit of hubris. Also having all eyes and attention on one's thing makes it sadly easy to occasionally being taken advantage off in various ways. Combine that with the unfortunate yes-men culture that arose and you get a fairly dangerous combination. Things are still seemingly going very well for now and maybe it is just a feeling of a penguin obsessed random guy, but aside from the obvious bear market some things are not going in an upward direction and need to see a shift and turnaround before they start affecting the broader picture more severely. I've playfully, but only half jokingly, posted about that internship role (which I would be actually down for @LucaNetz) because I do think there needs to be something done about the feeling of disconnect that has arisen as the brand and company scaled, but I have no idea yet if that will go somewhere. However ... we can JUST DO THINGS (thanks to @MINHxDYNASTY for the quote and inspiration) and that is exactly what we used to do in the @pudgypenguins community. It's time to properly lock in again for me. And it's time to lock in again fellow penguins. Now I may have put "True Pengu King" in my Twitter name many years ago because I am retardedly obsessed with penguins (not only the pudgy ones) but a king is nothing on his own and a good king should be a servant of his people ... eh penguins. So for now, if this post sparked any thoughts in you or you have general thoughts, ideas you wanna bounce, frustrations that bother you or anhing else that you wanna vent about, discuss or ideate on feel free to shoot me DMs or book a call with me (calendly in reply below so algo does not punish this post). I'm back to being terminally online this year so I'll make sure to get back to you quickly. I'll also do my best to aggerate and condense any inputs and feedback you all have and will try to push it through to the team in some way (no promises here, but hopeful) and worst case you at least will have an extra place to vent. While it is awesome to see how the fanbase of the penguin is growing all over the globe, I believe its success is hampered if the core is rotten. So let's all together bring the CT huddle back to its former glory fellow penguins – in honor of our lost pengu brother Elmo.

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Mr Price
Mr Price@MrPricedIn·
Whatever your view on this, it’s undeniable @PopPunkOnChain is one of the most built-for-this-type-shit founders in the space. The FUD has been child’s play for him, and he’s handled it with clear reasoning and class. It takes a different level of founder to take a token from microcap to a financial instrument that attracts tier 1 VC interest. Fade $PUMPCADE at your own financial risk.
Pop Punk@PopPunkOnChain

We as an industry spent an entire year trying to make an ICM narrative happen that was just fundamentally incorrect. They were memecoins named after a project with no access to the equity layer of the project. If one of these projects reaches a certain scale, or has certain goals, it is usually inevitable that they will need to raise capital. This immediately creates 2 layers. The token layer, and the equity layer. I spent 6 months fundraising for Pumpcade, because with the infrastructure, engineering, and growth plans I had, raising capital was a must. Creator fees can not sustain a company of our size. I spoke to almost every VC that invests in the blockchain space. DOZENS of these VCs told me they loved the product, but the live token was too hard to navigate. The conversation usually ended in 1 of 2 ways. 1. "Abandon the token" 2. "Launch a new token and dilute current holders to accomodate VC allocations" If my goal was to simply to raise capital as fast as possible, I very easily could have taken their feedback and raised millions of dollars in a week, thus saving myself 6 months of headaches pitching VCs 4 (or more) hours a day, eating into my engineering time. However, this would have had a significantly more detrimental outcome for the people that have supported me. But I did not consider their recommendations for even a second. Pumpcade exists because of the token. Pumpcade exists because of the holders. The token was not going anywhere. Earlier this year, I was pitched the idea of ACE, prior to accepting a single dollar of venture capital. I had spent months looking deeply into other options similar to ACE, but ACE best fit the goals of Pumpcade. The core goals of the Pumpcade fundraise(s) were to: 1. Raise venture capital to build and scale the team and product. Many people have just discovered Pumpcade, but our closed beta was live for 4 months built by me and me alone. In order to ship the best version of the Pumpcade product, a full team was necessary. 2. Make the equity layer transparent to all. MOST companies with a token have an equity layer, that sometimes sits quietly and secretly in the background. 3. Allow token holders, who are the reason Pumpcade exists in the first place, to have access to the equity layer. 4. Make the above fully optional. I've been terminally online since announcing the ACE round. I'm seeing everything, i'm reading everything. Both the positive and the negative. If you have any questions regarding ACE, my DMs are open to ANYONE. Pumpcade.

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The Wisemen Alpha
The Wisemen Alpha@Wisemenmentors·
$Pumpcade|@PopPunkOnChain has been out for seven months. Most people are just finding this out now. But there's a whole part in the middle that people don't understand. Let me give you the real context and why this should be one of the most celebrated moments in Solana tech
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rasmr
rasmr@rasmr_eth·
Product is still not out btw. Lol
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flew
flew@flewTrades·
Fair argument. But let’s be realistic Pumpcade is in beta. No retail have even heard of most predictions markets let alone Pumpcade. The FIfa World Cup will likely have 0 influence on Pumpcade if Pumpcade launched before it. I’m just being realistic I’d rather wait an extra few months for a ready product than a rushed product that is a gamble on “FIFA”
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davidxxoo
davidxxoo@swlzmq·
@flewTrades @PopPunkOnChain The FIFA World Cup is going to be insane. We have to launch and optimize before it starts, or we’ll be missing out on a massive influx of traffic. I believe that every prediction site out there is prepping for this right now.
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Pop Punk
Pop Punk@PopPunkOnChain·
We as an industry spent an entire year trying to make an ICM narrative happen that was just fundamentally incorrect. They were memecoins named after a project with no access to the equity layer of the project. If one of these projects reaches a certain scale, or has certain goals, it is usually inevitable that they will need to raise capital. This immediately creates 2 layers. The token layer, and the equity layer. I spent 6 months fundraising for Pumpcade, because with the infrastructure, engineering, and growth plans I had, raising capital was a must. Creator fees can not sustain a company of our size. I spoke to almost every VC that invests in the blockchain space. DOZENS of these VCs told me they loved the product, but the live token was too hard to navigate. The conversation usually ended in 1 of 2 ways. 1. "Abandon the token" 2. "Launch a new token and dilute current holders to accomodate VC allocations" If my goal was to simply to raise capital as fast as possible, I very easily could have taken their feedback and raised millions of dollars in a week, thus saving myself 6 months of headaches pitching VCs 4 (or more) hours a day, eating into my engineering time. However, this would have had a significantly more detrimental outcome for the people that have supported me. But I did not consider their recommendations for even a second. Pumpcade exists because of the token. Pumpcade exists because of the holders. The token was not going anywhere. Earlier this year, I was pitched the idea of ACE, prior to accepting a single dollar of venture capital. I had spent months looking deeply into other options similar to ACE, but ACE best fit the goals of Pumpcade. The core goals of the Pumpcade fundraise(s) were to: 1. Raise venture capital to build and scale the team and product. Many people have just discovered Pumpcade, but our closed beta was live for 4 months built by me and me alone. In order to ship the best version of the Pumpcade product, a full team was necessary. 2. Make the equity layer transparent to all. MOST companies with a token have an equity layer, that sometimes sits quietly and secretly in the background. 3. Allow token holders, who are the reason Pumpcade exists in the first place, to have access to the equity layer. 4. Make the above fully optional. I've been terminally online since announcing the ACE round. I'm seeing everything, i'm reading everything. Both the positive and the negative. If you have any questions regarding ACE, my DMs are open to ANYONE. Pumpcade.
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davidxxoo
davidxxoo@swlzmq·
@PopPunkOnChain The most important thing now is to launch the product as soon as possible. If it can't be launched before the FIFA World Cup, we'll miss out on too much.
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radiosolace
radiosolace@radiosolace·
A lot of people wanted @PopPunkOnChain to take the coward path: - ditch the token - wash the cap table - dilute the early holders, - package it all up as “good fundraising.” He did NOT. He chose alignment over convenience. Because misalignment kills startups from the inside. The easiest raise is often the most expensive one when it is paid for by the people who believed first. That is what some people still fail to understand. --- Think about this... @pumpcade exists because of the token. Pumpcade exists because of the holders. And instead of folding when the pressure came, Pop kept building and delivered anyway. In addition, a lot of projects ALWAYS talk like the token is the whole story while the equity layer sits quietly in the background for insiders (you know who you are). Based on what has been publicly shared, ACE by @MetaLeX_Labs is powerful because it does NOT play that game: - It makes the existence of the equity layer HARDER to hide. - It pushes the structure into the OPEN. - It treats ALIGNMENT like something to be built, not marketed. Pumpcade did not get here because he optimized for the easiest raise. It got here because he REFUSED to forget who got it here. Founders who remember that are the ones I trust most for the future. Anyways, pumpcade
Pop Punk@PopPunkOnChain

We as an industry spent an entire year trying to make an ICM narrative happen that was just fundamentally incorrect. They were memecoins named after a project with no access to the equity layer of the project. If one of these projects reaches a certain scale, or has certain goals, it is usually inevitable that they will need to raise capital. This immediately creates 2 layers. The token layer, and the equity layer. I spent 6 months fundraising for Pumpcade, because with the infrastructure, engineering, and growth plans I had, raising capital was a must. Creator fees can not sustain a company of our size. I spoke to almost every VC that invests in the blockchain space. DOZENS of these VCs told me they loved the product, but the live token was too hard to navigate. The conversation usually ended in 1 of 2 ways. 1. "Abandon the token" 2. "Launch a new token and dilute current holders to accomodate VC allocations" If my goal was to simply to raise capital as fast as possible, I very easily could have taken their feedback and raised millions of dollars in a week, thus saving myself 6 months of headaches pitching VCs 4 (or more) hours a day, eating into my engineering time. However, this would have had a significantly more detrimental outcome for the people that have supported me. But I did not consider their recommendations for even a second. Pumpcade exists because of the token. Pumpcade exists because of the holders. The token was not going anywhere. Earlier this year, I was pitched the idea of ACE, prior to accepting a single dollar of venture capital. I had spent months looking deeply into other options similar to ACE, but ACE best fit the goals of Pumpcade. The core goals of the Pumpcade fundraise(s) were to: 1. Raise venture capital to build and scale the team and product. Many people have just discovered Pumpcade, but our closed beta was live for 4 months built by me and me alone. In order to ship the best version of the Pumpcade product, a full team was necessary. 2. Make the equity layer transparent to all. MOST companies with a token have an equity layer, that sometimes sits quietly and secretly in the background. 3. Allow token holders, who are the reason Pumpcade exists in the first place, to have access to the equity layer. 4. Make the above fully optional. I've been terminally online since announcing the ACE round. I'm seeing everything, i'm reading everything. Both the positive and the negative. If you have any questions regarding ACE, my DMs are open to ANYONE. Pumpcade.

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flew
flew@flewTrades·
Proof of Inner Igloo! 🐧 Are you in?
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flew
flew@flewTrades·
@DailaX Where do I collect it from
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Daila
Daila@DailaX·
I made you a mango lassi for breakfast
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flew
flew@flewTrades·
@keenn_eth Do u think it’s “cool” to post fake pnls to get engagement and trick ur followers that you’re making this money? Or does it give u an ego boost? What are you trying to prove. It just proves ur dishonest and people are going to trust u less
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flew
flew@flewTrades·
@keenn_eth Bro why are u larping this is how u get people to unfollow u gg U had my follow but now u don’t
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Kenn_eth
Kenn_eth@keenn_eth·
I just had a big win on Polymarket 🎉🎉🎉 I am shaking right now, I just made $77k Thank you Donald Trump Thank you Iran Thank you strait of Hormuz Prediction markets can change your Life
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flew
flew@flewTrades·
@greenytrades Do u think we’ve broken the cycle though. I agree though that we are probably going lower but I do think cycles have completely changed now
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Greeny
Greeny@greenytrades·
People keep asking what price will Bitcoin bottom? But that's the wrong question to ask entirely. The bottom isn't a price, it's a period of time where nobody wants to talk about crypto anymore. When your group chats go quiet, when CT engagement dries up 70, when your mates stop asking you about the market. We're not there yet. People are still excited. They're still posting green rocket emojis on 5% bounces. What we need is bear market capitulation over time.
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flew
flew@flewTrades·
I have recently onboarded 2 IRL friends into $PUMPCADE. They asked me "what I'm doing in crypto atm" I replied > "Still in the Abstract community and accumulating and scouting out a few coins for the upcoming bull." > "There's this token called $PUMPCADE that I think is the future" I then told them some details about @pumpcade and tried to dumb it down as much as possible for them, they barely know what prediction markets are about. They knew what memecoins are though. So I said Pumpcade is basically Prediction markets X memecoins on top of streams but on steroids . > They understood that. > Told them the risks. > Told them the Pros 2 friends onboarded to a coin. Win together or go down together. Anyways Pumpcade is the future.
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