^ Some of my previous research on Constant Product pools, the most commonly-used form of on-chain liquidity pool
Have a more complete version of this chart somewhere, but basically,
+ $BOME was among the thickest pools ever launched, putting in $1.6M and 50% of the supply at the start, putting it on a very thick thickness curve — and it immediately 250x’d, in large part due to that
+ Memecoins tend to basically never change this thickness curve after the start
+ And now $PAIN is set to have a pool FIVE TIMES THICKER, even after the refunds
Gonna be wild
Worth noting that there’s some chance of absolutely retarded screwups
…like $SLERF which was set to have a similarly massive success to $BOME, but then the retarded dev accidentally burnt the $10M of $SOL that was raised… and then it went on to just have a moderate success
We’ll see
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
Have a more complete version of this chart somewhere, but basically,
+ $BOME was among the thickest pools ever launched, putting in $1.6M and 50% of the supply at the start, putting it on a very thick thickness curve — and it immediately 250x’d, in large part due to that
+ Memecoins tend to basically never change this thickness curve after the start
+ And now $PAIN is set to have a pool FIVE TIMES THICKER, even after the refunds
Gonna be wild
Worth noting that there’s some chance of absolutely retarded screwups
…like $SLERF which was set to have a similarly massive success to $BOME, but then the retarded dev accidentally burnt the $10M of $SOL that was raised… and then it went on to just have a moderate success
We’ll see
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
💯1👀1
DoomPosting
$PAIN presale update 2 hours ago Apparently they’re saying that the liquidity would be too thick if they used all $40M that was raised, and so they’re refunding 80%? = Refunding $32M and using the remaining $8M for liquidity? Will run the calculations…
Whether $PAIN turns out a huge success or not, it does bring to mind one classic piece of tradfi VC wisdom
— Can’t just go looking for something that’s wrong and then immediately write off a prospective investment,
must also look for what what could go right,
because sometimes what’s right is so huge that it can overpower the massive things that are wrong.
(And this is why e.g. whiny UK losers will always be failures at VC, they can’t overlook negatives.)
Canonical example in tradfi was Twitter — which was well known to be run by absolute moron clowns from the start.
Canonical example in crypto is Bitcoin — whose loudest chief promoters in the early days were literal convicted fraudsters, who most definitely did not even actually believe that Bitcoin was the real deal.
So yeah, $PAIN had some major bad signs from the start — but also some massively positive signs too,
making it one of the most… painful… ones to judge in recent memory
No pain no gain
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
— Can’t just go looking for something that’s wrong and then immediately write off a prospective investment,
must also look for what what could go right,
because sometimes what’s right is so huge that it can overpower the massive things that are wrong.
(And this is why e.g. whiny UK losers will always be failures at VC, they can’t overlook negatives.)
Canonical example in tradfi was Twitter — which was well known to be run by absolute moron clowns from the start.
Canonical example in crypto is Bitcoin — whose loudest chief promoters in the early days were literal convicted fraudsters, who most definitely did not even actually believe that Bitcoin was the real deal.
So yeah, $PAIN had some major bad signs from the start — but also some massively positive signs too,
making it one of the most… painful… ones to judge in recent memory
No pain no gain
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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DoomPosting
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Imagine getting stuck there (crash, fire) and you don’t even have space to open the doors to escape
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Left attempted to silence Rep. Nancy Mace for using the term “tranny” in reference to the mentally ill autogynephilic men who think they’re women, to which she responded: “tranny, tranny, tranny”
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Imagine buying $TRUMP and being down 90%
No wait, this is $BTC’s price chart, where it was down 90%
By comparison, $TRUMP is down 76% from its peak
Not quite sure where $TRUMP will eventually go, but… man people these days have no idea what it really means to HODL
(And man, you really probably gotta get in early or not at all on these. Don’t sleep.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
No wait, this is $BTC’s price chart, where it was down 90%
By comparison, $TRUMP is down 76% from its peak
Not quite sure where $TRUMP will eventually go, but… man people these days have no idea what it really means to HODL
(And man, you really probably gotta get in early or not at all on these. Don’t sleep.)
🄳🄾🄾🄼🄿🄾🅂🅃🄸🄽🄶
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