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nighguy
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nighguy
@thenighguy
AK | COO @Polyshares_ | Prev @SolSniperXYZ & @MultiChain | Research, Tokenomics & DeFi Specialist | NFA & DYOR
NYC Katılım Şubat 2022
5.9K Takip Edilen10.8K Takipçiler

Where do you go to trade?
If it’s something speculative, you might use @AxiomExchange or @fomomofosol.
If it’s a new ICO, you are probably heading to @MetaDAOProject.
But where does one go to shop only the “good tokens” made by builders.
To find the tokens with real value.
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nighguy retweetledi

@shivst3r The token surplus is a virus.
Tokens backed with value/equity or incentives that align with platform revenue like $HYPE have been holding up the real use cases.
Still believe there is something very valuable in tokens, I just don’t think they’re executed properly rn.
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99% of founders should not be launching a token.
Most teams have no idea what they're signing up for when they launch one.
Pressure, burden, and constant high expectations change how you operate, and very few people are equipped to handle them.
Especially if you're still trying to figure out acquisition and product-market fit.
Adding a token on top of that makes an already impossible job ten times harder, and the number of successful teams that have done this is very small.
There are already way too many tokens in this space, and we've watched huge companies disappear after raising millions and gaining zero momentum.
Think about the amount of trust this has destroyed, then ask yourself if you can actually be part of the minority who can successfully continue pushing your token.
The space doesn't need more tokens; it needs builders who are willing to build good products that don't carry an incentive.
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nighguy retweetledi

What is the “right way” to tokenize Web2?
We’ve conducted deep dives with hundreds of founders, VCs and investors.
The solution that emerged is the core of @Polyshares_
It’s legally, technically and structurally unique to any product/launchpad/mechanism on the market.
If we want to onboard the most high potential companies to Web3—the model needs to change.
nighguy@thenighguy
Been heads down building for 5 months+ Stay tuned.
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Web3 has a token virus.
It’s a devil on the shoulder of founders, whispering…
“We’ll get team tokens!”
“We hired KOLs! They’ll pump it!”
“If memecoins can pump, the we can too!”
And their communities encourage these builders…
“We’ll get an airdrop!”
“We can farm incentives!”
“We can trade the chart!”
Both parties are going about it the wrong way.
We need a change.
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That’s always been the thesis behind memes and speculative tokens… and that’s why you won’t see a Cursor, OpenAI, Kalshi, etc. want to launch a token.
Buy the dips / sell the rips / 5 second hold time…
These are the reasons that tokens attract short term founders/tokens and therefore inspire short term participation.
But if you flip this—let founders offer long term + valuable tokens, the participants can actually buy and hold. They can sleep on their bags. They can believe in something with growth, and benefit from it.
Imagine a world where tokens were perceived like that.
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@rollupceo You cant blame them, the markets are only made for huge short succes, if that stays out people switch their funds directly to the next oppertunity based on litteraly nothing.
Better to put your money in projects where experience, failures and innovation has always been the core!
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nighguy retweetledi

99%+ of VC backed founders don't want to "launch a token”.
Can you blame them?
Current token launching solutions are too complex, distracting and high risk.
Alongside the sharpest minds in tokenomics & legal, we had deep conversations with hundreds of builders, VCs and investors.
We've uniquely designed the mechanism that can 1) onboard founders to Web3 and 2) bring the private markets to the world.
Follow me for the rest of the journey.

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