Are you ready to own the decision?
The first @Uniswap v4 Hook powered GameFi on Robinhood Chain
🏛️ 777 Genesis Oligarchs
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What if every memecoin could build its own economy?
THE 404 MACHINE is an Ink-native launcher, reactivator and NFT forge.
Launch a token. Keep it liquid, forge its Companion, or hold both.
Enter the Machine:
otomate.fun
How the Machine works 🧵👇
THE 404 MACHINE is now accepting operators.
The Genesis Whitelist is officially open.
Apply: otomate.fun/whitelist
Closes September 7 at 12:00 UTC.
The Machine remembers. 👁️
You’ll shortly see a new tab in the Manyways navigation called The Commons. It will let you:
• Read upcoming product and contract proposals
• Inspect the intended mechanics and tradeoffs
• Review contract parameters before activation
• Vote on which functions should move forward
The first proposal will cover our general staking approach:
• What staking should unlock
• How strategy bonds could work
• Withdrawal periods and user safeguards
• Which performance and token metrics we should publish
Strategies will remain available under their current holding requirement while I finish the contract design and audit process. I won’t activate staking before the contract, parameters, audit results, and onchain addresses are public.
I want to build the deeper aspects of these mechanics with holders in the room. The Commons will give you that voice.
I’ve been quieter than usual over the last day. The honest reason is that I’ve been deep in the implementation work and reluctant to narrate token mechanics before I’ve tested how they fit the product. Some decisions need a working system behind them before they need a thread.
@Axel_bitblaze69 Thanks Alex because im holding this token and I have this feeling he is going to explode at any moment but at the same time need $$$ because im Fomoing so hard rn
DO NOT BUY STOCK PAIRED MEMECOINS BEFORE YOU READ THIS
One market maker is making millions on these launches without ever bidding the coin itself. Roughly 70% of the volume you are looking at is net profit to one entity, and it is more profitable than any bundle because it never needs the coin to go up
At first glance it looks like a normal onchain coin where traders are PVPing each other and price only moves on net buys and sells
The easiest way to see something is off is to pull up the top PNLs after one of these does hundreds of millions in volume
For the size of the move, almost nobody made anywhere near the money you would expect. That is because a large part of it was never transferred from one meme trader to another. It was extracted through the stock token the meme is paired against
The stock token is not a share. It is an IOU printed by a company that holds the real share somewhere else. You cannot redeem it and you cannot create one
Only approved market makers can. They buy the real stock during market hours, have matching stock tokens created, then sell those tokens onchain. Everyone else can only trade the supply already circulating
Now the memecoin launches against that stock token. You are not buying the meme with dollars, you are buying it with stock tokens, and in an AMM every stock token used to buy the meme stays inside the liquidity pool
As more people buy the memecoin, more of the stock token supply gets pulled out of the open market and locked inside that one pool, which makes the remaining stock token market thinner and easier to move
Then the US stock market closes. The real share stops trading, the market maker can no longer hedge or create fresh supply, but the onchain market keeps running
If enough stock tokens have already been sucked into the meme pool, even a small amount of demand can now push the stock token far above the real share price
This is where the chart is completely lying to you
Your memecoin's dollar price is its price against the stock token multiplied by the dollar price of that stock token
If the real share is worth $10 but the stock token gets squeezed to $20 because there is no supply, your memecoin's dollar market cap effectively doubles even if absolutely nothing changed in the memecoin itself
Same thing as bitcoin printing $1,000,000 if USDT crashed to ten cents. The asset did not change. What you are pricing it in did
Retail sees the dollar chart exploding and assumes more money is entering the meme. In reality a large part of the move is just the stock token underneath trading at a fake premium
Then the stock market opens
The market maker can buy the real shares again, create fresh stock tokens near the real share price and sell those tokens into the massive onchain premium
More supply comes in, the stock token falls back toward the real stock price, and all of this can happen within 5 minutes
Your memecoin can remain completely flat against the stock token while the dollar chart gets cut in half
That is where a lot of the missing PNL went. A big part of the run was never actual dollars entering the memecoin in the first place. Retail paid the stock token premium on the way up and then ate the collapse of that same premium on the way down
The market maker does not need to guess whether your meme goes up or down. It buys the real share near fair value, creates the stock token, sells that token above fair value and keeps the position hedged
Its trade is the gap between the real stock and what retail is willing to pay for the onchain wrapper
Now people think using a tiny penny stock fixes this, because the market maker cannot easily buy enough shares to create new stock tokens, so the premium supposedly cannot close and the memecoin can keep running
That actually makes it all worse
The market maker is not forced to create supply. If the underlying stock becomes too illiquid to hedge properly, it can simply stop minting
There is no permanent premium. You get an illiquid stock token with no depth, which means your memecoin is now priced against one of the easiest markets in the world to move
Cheap low float stocks move violently on tiny amounts of capital. The fair value your memecoin is tied to can be manipulated in a completely separate market that you cannot see and are not part of
The company behind that stock can also issue new shares. If the onchain narrative pushes enough demand into the real stock and sends it higher, the company can sell fresh shares directly into those bids
The stock backing your token gets diluted in the same trade
Then there are halts. Small stocks halt constantly, sometimes for hours or days. When the underlying stops trading there is no clean live reference price, hedging can stop and creation or redemption can stop, while the onchain pool continues trading 24/7
You can now have millions of dollars trading against a token representing a stock that is not even open
When that stock finally reopens, it can reopen massively lower
Reverse splits and delistings sit on top of all of it. You do not hold the stock. You are relying on the wrapper and its issuer to correctly handle whatever the company does
And yes, these tiny stocks can actually go to zero. That is the asset you chose as collateral for your memecoin
The squeeze thesis does not work either
Traditional memestock squeezes work because shorts can become forced buyers of a limited float
Here the stock token supply can expand whenever an approved market maker can buy the underlying shares and create more tokens
There is no guaranteed forced buyer, just a market maker with a hedge and the ability to add supply whenever the underlying market allows it
The only time that supply really jams is when the stock is too illiquid to hedge, which is exactly when your own exit is at its worst
If you are going to hold one of these at all, the stock underneath should be huge, liquid and boring. Big enough that your entire community cannot move it, liquid enough that the market maker can hedge real size, and with enough stock token supply circulating that one memecoin pool cannot drain the entire market
You probably will not get the insane weekend move against a mega cap stock
That is the point. The insane weekend move is the distortion you end up paying for
Before you buy one of these, check whether the underlying stock actually trades real volume, whether the stock token is already trading above the real share price, whether the US market is open, how much stock token supply exists outside the meme pool, and whether the company can issue new shares into the demand
Then understand your exit before you enter. You first sell the meme back into the stock token, then you still need that stock token to hold its value while you convert it into something real. Both parts of that trade can move against you at the same time
Volume is not profit
If the stock underneath is small enough that your community can move it that's how you get trapped
STOP GIVING THE MARKET MAKERS FREE MONEY
YOU ARE GIVING THEM THEIR DREAM SETUP
Render is live on Manyways.
You can run one prompt against two image models side by side, compare how each interprets the same brief, and download the result you prefer. This first release gives you a clean way to inspect differences in composition, detail, and style.
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