Knack101.eth

I've been locked into this app all day for the last 2 days since I announced the @pumpcade ACE round. I'm reading EVERYTHING related to ACE, even if I don't reply to it. I wanted to talk about a few things that i'm seeing. 1. ACE did not create equity at Pumpcade. Equity existed the moment I raised a pre-seed round. That is not some special thing ACE introduced after the fact. That is just how startups work. If a company raises venture capital, there is an equity layer. That was already true here. What I think people are missing is that this equity layer already exists in almost every company in crypto that has both a company and a token. Usually it is just not visible to the public. The private investors sit on one layer, the token trades on another layer, and most people pretend those two things are not both there. ACE did not invent that structure. ACE makes that structure transparent and gives token holders the option to access the same equity layer that Pumpcade investors have. That is the key point. Not creating some hidden extra thing. Exposing what already exists and opening access to it. 2. ACE was not a quick and fast decision made to retrofit the 2 fundraising rounds. I was presented with ACE a few months ago, long before I had accepted a single dollar of venture capital. I knew that I needed to raise venture capital to build, scale, and operate Pumpcade. Creator fees alone can not run a company doing what we are planning on doing. 3. I looked at all options that try to align token <> equity, and ACE was the one that best fit what my goals were. I wanted to give the OPTION to have access to the equity layer of Pumpcade. There are a few other options, and I am not against them for certain use cases, but ACE is what best fits Pumpcade. Other options typically result in the token becoming the sole product, which overshadows the actual product that a team is building. This frequently results in teams being pressured into making short term corrective actions to address short term price movement. A team raises capital to build a product. A team should not raise capital to immediately spend buying back their token because prices can be volatile. The optionality of ACE is the most important thing to me, and ultimately why I decided to do it. I wanted to give the option to have access to the equity layer. I didn't want to force everyone (VCs and the public) into a different path. We are building Pumpcade for the long term, and everyone involved with Pumpcade (team, investors, advisors) are heads down building this long term future where we put Pumpcade in front of the masses. Pumpcade

A top holder of $PUMPCADE is sitting on a $1,000,000 position 👀

Full @pumpcade interview w/@PopPunkOnChain 01:05 - Founder background 01:34 - Pumpcade lore 03:15 - "Trenchifying" prediction markets 04:35 - Hackathon win and @Pumpfun's support 06:40 - Advice to crypto founders 09:10 - Tokenized startups are the future 09:58 - Future of the token and common misconceptions 11:48 - VC pullback 14:08 - Token utility 17:19 - Preseed raise ($1m) 18:30 - The pitch 20:15 - Building on @solana (@solana_devs) 21:35 - Hiring talent (@steoniy + @gnarzilla) 23:00 - Platform redesign 24:00 - GTM & competition 26:00 - Infrastructure revamp 27:50 - User base and stats 29:58 - Tokenomics 31:00 - Fee & revenue model 31:35 - TAM 32:00 - Web2 native 35:25 - Inspo 37: 51 - Permissionless markets 43:00 - A thank you to the early supporters 43:15 - What's to come

We’ve raised $1m in an oversubscribed round led by @pumpfun with participation from @foundationcap & @radiosolace to build the fastest prediction markets on any source with provable resolutions Truth machines were not meant to be resolved by committees Predict, Resolve, Claim

@EJRWEB3 @pumpcade 30M is fud!

Early thoughts based on what I am hearing and some speculation: I believe @pumpcade could move to a $17M to $30M market cap very soon.

War time CEO arc has begun. Here's what the next few weeks look like for @pumpcade: 1. First engineer onboards this week. Second engineer onboards end of next week (most likely) 2. Engineers focuses are on infrastructure and scaling right off the bat, as well as implementation of below point. 3. Beginning work soon with a design studio. A ground up re-imagination of the Pumpcade platform. I built the entire UX alone, and i'm FAR from a UX designer. This studio will help us design Pumpcade into the most fun place on the internet to make (or lose) money. Pumpcade is a prediction market platform, but has an offering unlike anyone else. We want to heavily lean into this and have the app reflect what we offer. 4. Open Beta. When we're at a stable place for the app, we're going to remove the need for access codes. Beta for all. 5. Protocol audit. There are a few improvements and features that i'm planning for the Pumpcade protocol. Once these are made, we'll kick off the security audit. 6. GTM and partnerships. Pumpcade will not be a simple "hey we are live tweet". That's all I will say. 7. Other announcements that I unfortunately can't share. Sorry for the "announcement of an announcement". My team and I intend on moving at the speed of light. I shipped fast alone, so try and imagine what it's going to look like with 2 more of me on the team. Pumpcade.

Something very interesting is happening in prediction markets. Platforms like @Polymarket and @Kalshi are now valued around $9 Bto $11 B But almost no one is paying attention to what @pumpcade is building. And the valuation gap is absurd.

The 3rd winner of the $3,000,000 Build in Public Hackathon is here! We’re proud to announce the third project to receive Pump Fund’s next $250,000 investment is @pumpcade! Learn more about Pumpcade 👇

.@pumpcade has won the @pumpfun hackathon. I launched Pumpcade on Pump Fun last year. Shortly after, I quit my dream job to go full time on it. It was quite an unconventional way to start as a business, but it turned out to be the best decision I could have made. From day 1, Pumpcade has had an incredibly strong community that has supported the project day in and day out. For the last 4 months the goal has remained the same. Build a new way to speculate, and build it in public. Through countless screenshots, demo videos, and dev logs, I documented the process of solo building a product from zero -> working beta. As part of winning the hackathon, Pump Fun is investing $250,000 into Pumpcade. Along with their investment, Pumpcade now has access to some of the strongest advisors, builders, and distribution channels in the industry. The vision of Pumpcade is to revolutionize the prediction market space. Pumpcade is shrinking the durations, redesigning the market mechanics, and most importantly, allowing you to speculate on anything with a verifiable data source. It's time to accelerate. It's time to speculate on everything, everywhere. It's time to pump your cade.

Lots of new eyes on @pumpcade so I want to address this. The most common question I get is: "Who is market making the markets?" The simple answer is: NOBODY. Pumpcade markets are all peer to peer liquidity. They are parimutuel (like horse racing). All bids go into the same pool. The winning side splits the pool, distributed pro rata less fees. A market needs 1 YES and 1 NO bid in order to execute. If this is not satisfied, the market is nulled and the single bidder receives a refund. Why Peer to Peer? Pumpcade markets are designed to be very short. 1-30 minutes. This is not enough time to use a CLOB and an AMM. Your orders would likely sit unfilled, or partially filled, by the time the market ends. The protocol is designed to function in even the most dire circumstances. A telegram groupchat with 3 friends, an iMessage conversation between 2 people, a Twitch livestream with 5 viewers. We want markets to work as often as possible. The Pumpcade approach scales from 2 participants all the way up to thousands of participants. There are 2 key caveats to this: 1. Time weighting: The earlier you place your bid, the cheaper you pay for your underlying shares in the market. Conviction is rewarded. Let's use a 60 second market for example. If you predict YES 10 seconds in, you'll get more shares than if you predicted YES 50 seconds in. 2. Principal Protection: All winners get their winning bid back first, and then the REMAINDER of the pool is distributed to winners accordingly. This is because with time weighting, there are edge cases where a winner could LOSE money on a winning bid. This should not be the case. A winner should never lose. Principal Protection fixes this. For a more detailed explanation on how Pumpcade markets work, you can check out the docs at docs.cade.market/mechanics/pari…

what about the banana

Prediction markets need to go faster, and be redesigned accordingly. I've been saying this for months. @Polymarket proved that the model works. They've built the best CLOB in the category and pushed the category forward into the mainstream audience, but order books were not designed for ultra short fast paced prediction markets. Order books were built for price discovery over time, not for resolving events faster than liquidity can stabilize. As the market duration is shortened: 1. The spread eats your profit 2. Your orders may not fill or be partially filled 3. Faster traders extract your edge 4. Additional fees are required to pay market makers, further eating into your profit In a 60 second market (and even 5 minute markets like we're seeing now with Polymarket's 5 minute BTC up down markets), these minor points of friction eat your profits and punish you even if you're right. @pumpcade is different, and that's why I purpose built it and hyper optimized it for hyper short markets (60 seconds to 30 minutes). In many cases, Pumpcade's markets are significantly more capital efficient than a CLOB for these shorter timeframes. How? 1. No spread bleed: There's no bid/ask gap silently taxing you. 2. Guaranteed execution: You don't need a matching counterparty for a specific price. 3. Known cost upfront: There are no hidden fees, pay the transparent platform fee that you see, not base fee + spread + speed disadvantage compounding against you. The shorter the market, the more traditional order book mechanics work against you. The best part is, we're not limited to majors. You can spin up markets for any token that's listed on supported Pumpcade platforms. And, price markets are only a fraction of the types of markets Pumpcade offers. Short term prediction markets will eat the space.

The level of traffic that the @pumpcade private testnet beta is experiencing is remarkable. Even with fake money, the product is sticky for users. The validation for this unique approach to prediction markets grows every day. I will let another 100-200 users in soon.

Pumpcade Dev Log 003 It's a builders market right now. There's never been a better time to build. I've been making some of the most progress on the @pumpcade platform this week, and i'm not slowing down. Here's what's new: 1. The beta has been in maintenance mode for the last few days. This was so I could make some important security fixes, related to backend auth. As part of this, the old way of copy/pasting pairing codes is no longer. You can now 1 click pair your browser extension from your profile. This uses secure signing. Your wallet signs a message and the extension then syncs with your pumpcade embedded platform wallet. 2. The code is now frozen, with all of the below changes in place. The extension is being submitted for approval. Once approved, it's time to really open up the private beta more. I will be posting Beta Codes publicly that have 100+ uses before they expire. The platform is now at a state where we can inch closer to the full open beta. This starts with ramping up to a few hundred users being given access. 3. The ENTIRE UI has been refreshed and redesigned. This is a continuous process for me, as I am constantly receiving feedback on what the early beta users like and don't like, and integrating suggestions as I see fit. Here are some screenshots of the improved UI: The goals here were to condense information, make it more professional, and most importantly, make sure that important features/buttons/data are more easily recognizable. Sharper edges, more consistency with colors, and faster UI refresh rates. 4. You may notice that markets are no longer injected directly into the page. If you missed a recent post, you'll now see that the Pumpcade browser extension is no longer a pop up, like traditional browser wallets. The Pumpcade extension is now a "companion app". This is just a fancy way to say it's now a sidebar extension. While the markets being injected directly into the pages were cool and novel, they weren't sustainable. If a platform were to update their UI, it put the Pumpcade injected widgets at risk of not providing an A+ experience. They could move around, lose functionality, etc. Additionally, the market being injected into a static place on the page meant that there was a lot more work required to add support for new markets on new platforms. With this new approach, there's no longer a need to push constant extension updates that require multiple day long approval processes from the Chrome Web Store. A new market type can go live in an hour or less. Furthermore, on this point, I want users to ALWAYS be able to see the market. If it's up at the top of a page, and you're, for example, reading Polymarket comments or looking at trade activity, the market is out of your field of view. You could potentially miss sharp Pumpcade odds changes, etc. 5. Lastly, I wanted to give users a fun way to track the actual underlying information that they're placing predictions on. Sure, I expect many people to like using the browser extension, but some users may want to remain on the Pumpcade platform to see the aggregate of all markets. For this very reason, the Pumpcade markets now have realtime live charts of the underlying market. For tokens, it's the market cap. For Polymarket/Kalshi, it's the yes odds.

99% of teams and projects never ever intended to build anything and of course disappeared when things got tough. But there is 1% of NFT OGs still building, cooking, and as motivated as ever. NFTs are not dead. Bullshit is. Be more clever with your money. Help the right teams grow. @ChimpersHQ @Deadfellaz @bearish_af @the_mories

Pumpcade Dev Log #001

Good morning cade pumpers This week is devoted to 3 things: 1. GTM strategy 2. Partnership meetings (and some other meetings) 3. Demos. Will be sharing two demos. One is the exact state of private beta (with user feedback). The other is the dev build with unreleased features.