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deeply appreciate the honesty and humility - absolutely key in these early stages of development. fully back your vision and focus trying to solve the ICM conundrum - as you know, the window of opportunity is gargantuan, and now is the time to experiment/innovate. pay off will be substantial even if executed well given the hugely lucrative untapped market share. success for heaven would be a huge success for solana and the market as whole. backing you for this very reason. god speed 🪽
if we really want a true ICM season, launchpads, founders and market need to come together to find ways that simply make sense for a coin to be launched. whilst it’s still early days, $magik stood out to me as a great example. will @heavendex be the home for ICM? early signs…
for @heavendex this is a huge opportunity to spotlight a potential ICM gem supporting @GrailedGG will hopefully draw in other companies to think deeply about $magik ‘s model of tangibly tying in product with coin. creator/icm volume generates twice the revenue for $light fyi
watching @GrailedGG closely but really liking what i’m seeing so far $magik could be one of the rare ICM case studies where an already established business and coin mutually benefit each another in a way that doesn’t feel forced a scalp and great opportunity for @heavendex 🧵👇
@pDole95 @slander_eth bullx entered the chat
Pretty clear that the game is fundamentally broken. This is what happens when there is money being siphoned out at every corner. Axiom takes a % - leaves the ecosystem Pump takes a % - leaves the ecosystem Fortnite 10 second clippers take a % - leaves the ecosystem. There is no reason any new capital would want to join this game as it exists currently. But what if we put it all back in? What if all of the volume were reinvested? What if we created a positive sum game that became EV+ for outsiders to join? Just a thought
Launches on @heavendex are getting more original and less copy pasta. Would not be shocked to see a major repricing soon, here's why: - $LIGHT down 60% from ATHs - Starseed is live but not deployed to support key eco projects - Heaven DEX is still generating 3x the volume of the next three launchpads and 1/5 of Pumps Many forget $LIGHT 10x in a week, I'm just not willing to count out an ecosystem focused on long-term growth.
still seeing a lot of midcurving regarding light on the TL so figured i'd write down a few of the reasons I have onlu become increasingly bullish since their launch. 1. the launchpad model is broken when it comes to launchpads, the common theme has been extraction thus far - pump has pulled out nearly 1B prior to starting their buyback program which is still - launchcoin has taken nearly 100m in fees without actually providing any value - countless other launchpads have launched with VC funding and features that no one wants, merely chasing a hot market with no real understanding of its users light gives real ownership to users, and more importantly allows for the volume to circulate within the ecosystem rather than be pulled out at every corner this leads to a far more sustainable long term ecosystem because contrary to popular belief- retail is not coming - at least not with the current state of things. in order for the current launchpad model to sustain, we need constant influx of new entrants and new capital. which is a bit counterintuitive because any inexperienced participant who has joined this cycle has been rinsed immediately due to the pvp conditions. so with the way things are currently, we are passing around an ever-decreasingly sized hot potato and at some point there will be nothing left. I think every single active trader can admit that things are a lot more pvp and far less fun than they used to be. this can easily be illustrated by the fact that btc has been hitting new highs and the memecoin game isn't even close to as fruitful as it used to be. putting the fees from trading back into the ecosystem creates a far better trading environment. Not only is there a broader wealth effect from the positive feedback loop of token buybacks but the general environment is far less pvp. missed a runner on pump? you're pissed, and jealous of everyone who caught it. missed a runner on heaven? its okay, you have exposure through holding light and are happy to see the ecosystem flourish. 2. the team actually gets it (and listens to their users) @peacefuldecay and the team have been active during all waking hours, listening to those using the product and working to make it better. they have demonstrated a clear understanding of their audience and a commitment to building for the long term. "the final launchpad" isn't just some gimmick or catch phrase, its a mission not to mention the team has been shipping at unprecedented pace, and don't need to cross a bunch of yellow tape to make an update 3. things are starting to come together i've been bullish on light from the moment I saw their first post, but I understand the general skepticism that came early on the team was anonymous and their product didn't exist, this paired with a large raise certainly raised some concerns, especially in a space riddled with bad actors. in the early days of the launchpad, all of the runners were platform themed. this isnt inherently bad but was clearly unsustainable if there was no shift. Similar phenomenons have led to the stalling of other launchpads (IE: jup) all of this fud/skepticism is understandable, but I think anyone who looks a bit deeper can see that every hurdle is being overcome. The ecosystem is maturing. There are runners that are not platform themed. Communities are forming around legacy coins. Creators are getting paid. Nearly 8% of the circulating token supply has been burnt (WHAT!??!) If you made it this far you're probably already a believer but if not, consider taking a closer look. I think there is a real chance here to bring us back to the days we know and love where the game felt more positive sum.
@slander_eth they don't know this is how we all win banger write up sir
@MidCurveMortal @heavendex @peacefuldecay being live ≠ any capital deployed i haven't shilled any other eco token thus far as nothing has particularly caught my eye. wouldn't be surprised if starseed thought similarly. i wouldn't be rushing to spray those funds at all if i was smart
@tofikyeah @MidCurveMortal @heavendex @peacefuldecay marginals aplenty
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