deftsol

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deftsol

deftsol

@sollatidoe

Of risk, reward and perception.

Katılım Eylül 2019
2.6K Takip Edilen954 Takipçiler
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Shooter 🐦
Shooter 🐦@shootersolana_·
A NEW CHAPTER STARTS TODAY $pigeon
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Socrates
Socrates@socratesxbt·
It's been a while since I pushed/CTO'd a coin. Been touching grass for a few months, honestly. But I missed the trenches too much. I wasn't planning to push any coin publicly, but $OK caught my eye because I genuinely relate to it. It sparks something personal in me. We've all been there - at the bottom, at the top, doesn't matter. We face different hardships depending on where we're at. $OK stuck with me. Took me over a day to actually decide to take it over and put my name on it. Look, I get it. These times are tough. Sentiment changes daily. But the question is: Are you here to stay? Do you still believe in memecoin dominance? Or is this just another NFT cycle? Many are burying memecoins. I'm not. I truly believe memecoins are here to stay. Elon didn't shill DOGE for nothing. Elon fucking Musk. Nikita, the biggest VCs, biggest billionaires and they're still bullish on crypto. Memecoins are the foundation. Even BTC was a "shitcoin" once. Crypto isn't going anywhere. Neither are the opportunities. I've had days where I wanted to quit. But what else would I be doing if not crypto? This is what I do. This is who I am. Because only in crypto can you actually make it and change your family's cycle in times like these. It's not easy. You must commit. You must believe. You must stick to your priorities. Crypto is the future. So is AI. Adapt or be left behind. This was more personal than just addressing the coin I CTO'd. But that's the point. Never give up on your dreams. Never abandon the goals you set as a kid — those come from your heart. Be a man of your word. These are hard times, and you must fight through them. Everything will be OK in the end. If it's not OK, then it's not the end.
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deftsol@sollatidoe·
It will be $ok. We will do ok.
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941
941@level941·
White Whale raised a fair concern. People might not know where the 1.5% goes. It might feel like a hidden fee. That deserves a real answer. So let me think through this carefully. Out loud. Because the game theory here is actually beautiful once you see it. When you sell PIGEON through the BurnRouter, 1.5% of your SOL proceeds go to permanently destroy PIGEON supply. Not to a treasury. Not to a team wallet. Not to a validator. Burned. Gone. The supply is smaller the moment your transaction confirms. Now here is where it gets interesting. You just sold. That means you have SOL and no PIGEON. The burn benefits the people who are still holding. So why would a seller care? Because most sellers are not leaving forever. Most people selling 20% of their position are still holding 80%. The burn they just funded made their remaining 80% more scarce the moment the transaction confirmed. They burned supply on behalf of themselves. But go deeper. Imagine every seller thinks this way. Every person who sells contributes to a burn. Every burn tightens supply. Tighter supply, with the same or growing demand, means price appreciation. Price appreciation means the people who held through the sells are rewarded. Those rewarded holders tell others. Volume grows. More sells mean more burns. More burns mean more scarcity. More scarcity means more value for everyone still holding. The seller funded the appreciation of the tokens they kept. That is not a tax. That is a flywheel. And it runs automatically whether anyone understands the game theory or not. Now here is the humbling part. I did not invent this idea. Ethereum figured it out with EIP-1559. Every time someone used the Ethereum network, a portion of the fee was burned permanently. Ethereum became deflationary during periods of high activity. The people paying gas were simultaneously destroying supply. The mechanism didn’t require anyone to understand it to benefit from it. It just ran. We are attempting something similar at a much smaller scale, on a much earlier timeline, with much more uncertainty. I want to be honest about that. We are not Ethereum. We are a small project with a $3 million market cap and code that is not yet deployed. But the game theory is identical. And here is the part White Whale’s concern accidentally reveals. His worry is that sellers won’t understand what happened to their 1.5%. But think about what that assumes. It assumes the seller has no remaining position. It assumes they are completely indifferent to what happens to PIGEON after they exit. It assumes they extracted all the value they ever will from this token. Most people are not in that position. Most people are managing a position over time. Trimming here, adding there, watching the chart. Every time they trim, they participate in a burn that makes their remaining position more valuable. The person who understands this sells differently. They are not just exiting. They are pruning. Recycling value back into the system they still have skin in. The person who does not understand it still benefits. The burn fires whether they read the documentation or not. That is the quiet power of a trustless mechanism. It does not require belief to function. It does not require understanding. It does not require trust in me or the team or a roadmap or a promise. It just runs. Or at least the mission. White Whale is right that not everyone will understand it immediately. He is wrong that this is a problem. The best mechanisms in financial history were not understood by most of the people they benefited. That did not make them less real. We will explain it as clearly as we can. We will display it in the terminal interface before every transaction confirms. We will document every burn on-chain in real time. And then we will let the math do the rest. PIGEON
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941
941@level941·
First atomic sell-to-burn router on Solana. Every routed sell buys back and burns PIGEON in the same transaction or reverts. No treasury. No admin keys. No upgrade authority. Built on @MeteoraAG DAMM v2. Devnet next. Audit after. Mainnet after that. Dear, @toly @rajgokal @MeteoraAG @JupiterExchange @jito_sol @PythNetwork, this is the first community-built atomic burn mechanism on Solana. We need your eyes on this. Technical support, integration guidance, or just a signal boost. Thank you from the entire $PIGEON community. GitHub: github.com/level941-pigeo…
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941
941@level941·
Post 2/2 We need one person who can complete the two Meteora CPI stubs, deploy to devnet, run the full round trip, and verify the burn events and supply decrement. That is the unlock for everything else. Meteora gives you the interface. The developer wires it in. The pool gets created. Liquidity migrates. Jupiter routes automatically. The on-chain data exists. Phantom has something real to display. The auditors have something real to audit. The upgrade authority gets revoked. The mechanism is permanent. The entire stack is waiting on one developer with Meteora DAMM v2 experience completing roughly two weeks of focused work.
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941@level941

Here’s how it’s possible: post 1/2 Meteora: Confirm the DAMM v2 swap instruction account layout for the CPI integration Confirm the mainnet program ID Create a PIGEON/wSOL DAMM v2 pool Confirm whether the pool will use baseFeeMode == 2 Technical team to validate the router architecture before we build it wrong Jupiter: Integrate the $PIGEON burn router as a preferred sell route Surface it as the default path when users sell $PIGEON Recognize permanent on-chain supply reduction as part of execution quality scoring Phantom: Surface the burn counter before every $PIGEON sell Show real-time total supply reduction in the transaction preview Make the burn router the default one-tap sell path for $PIGEON holders Display what is about to be permanently destroyed before the user signs

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deftsol@sollatidoe·
They won’t know what hit them. $pigeon
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deftsol@sollatidoe·
Not here to outshine — here to rise. Different stories, same sky. $pigeon
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deftsol@sollatidoe·
Battle-tested. Unbroken. Still flying in formation. The strongest flocks are the ones that endure. $pigeon
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deftsol@sollatidoe·
Join the flock and soar with us. $pigeon
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941
941@level941·
Altcoins built the worst incentives in crypto. Cliff unlocks, insider allocations, KOL farming, VC overhang, supply time bombs dressed as roadmaps. Most required no real work, just distribution games and exit liquidity cosplaying as tokenomics. Memes don’t need economic theater, but if mechanics exist, they should benefit holders, not the people who dumped on them at launch. The cycle is broken: hype without structure, burns without consequence, volume without value. PIGEON encodes alignment at the transaction level. Every sell tightens supply. No treasury, no redirect, no backdoor, no promises. Volatility becomes scarcity. That’s the difference between allocation games and incentive physics.
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