Rob.vv 🧵 @unity_rob

Built with intention.

Let’s talk about the new pumpfun creator fees. (Long a** post 😅) Before we get started you need to understand who I am talking about when I say “creator.” Creators are more commonly known today as the “devs” or as I like to refer to them “scammers”. They are the guys who launch 500 tokens a day and bundle farms millions of dollars every single day from anyone who dare buy a new token. Yes, pumpfun is now incentivizing these people to launch more tokens by paying them more money. Money paid by YOU, the trader. It seems insane to me that this was even an option but here we are so let me explain some of the implications. 1. Sell pressure: I don’t think many people understand this but yes all your coins will now have more sell pressure. This extra sell pressure will be used to pay scammers. Where does it come from? Well when you LP fees are paid in the token that is being exchanged so.. Buys = Fees paid in solana Sells = Fees paid in base token(memecoin) But pumpfun only pays out Solana to the “““Creators””” right? This means the fees generated in the base token must be auto swapped for sol somewhere in this process. 2. Reduced Overall Volume: I believe this will overall reduce the volume of all tokens after the initial hype on launch day leading to an even shorter average lifespan for tokens(crazy this is even possible 💀). Basically drain traders to feed the scammers. 95% of the money will be made day one. 3. The Survivors: The general rule when it comes to liquidity is higher fee gen leads to more liquidity, more liquidity will lead to reduced fees. Reduced fees come in two ways, either more people add to the main pool reducing overall fee capture of each LP(this will not be the case here because most people use concentrated liquidity), or people will create lower fee pools and poach the volume from the main pool. Now I’m not sure how this looks when applied on such a large scale but my guess is that once again, scammers make a majority of their money early day 1 and if the token has volume the main pool(pool seeded by pumpfun) will likely be undercut by LPs leading to massively reduced volume as most transactions will be routed to the cheaper pools. This is a natural progression that typically happens at much higher market caps but with this new change it may even be extremely profitable to undercut the main pool right at launch. (alpha 😉). Opportunity could arise with already established tokens that have volume as well(more alpha 😉). Conclusion This sh*t is retarded. We are incentivizing scammers at the cost of users rather than the other way around.. The reason this is happening is the “launchpad wars, which you would think would benefit consumers. More competition = better product / reduced prices right? Wrong. The platforms need 24/7 token launches so the streamers/copy farmers have something to pump and dump at all times. The Solution If pump is dead set on increasing fees then the best way to do that would be to implement dynamic fees(volatility based). Now this would not be my ideal solution but it’s way better than this. I think the main pool of tokens should be a flat 0.25% fee. It’s just healthier that way. In an ideal world they find away to do the exact opposite of what they are doing now. Disincentivize scammers which leads to an overall better experience for users as they get rugged far less. (forgive typos cause I ain’t reading allat 😂)

@Sinsonx @_harmy @CyberFrogsNFT @AndyRewNFT @BlocksmithLabs There's information asymmetry on both sides and we should all attempt to break further out from our echo chambers. Maybe then Mr. Andy would have rooted BSL on instead of trying to knock them down

@Sinsonx @_harmy @CyberFrogsNFT @AndyRewNFT @BlocksmithLabs See how I could say the exact opposite of what you wrote and it would be 100% true from my POV. I've seen BSL showing up day in and out throughout the bear and rewarding holders while I have not heard about cyber frogs since the trading bot came out in 2022 (?)

Throwing my hat into the ring for the @MealyAI meme contest! Featuring our beloved co-founder @negruandrei 😸 — hope this one gets a chuckle (or two) 😄 #MealyMemeContest #SolanaCommunity #Food #Crypto

Backpack has acquired FTX EU and its MiFID II License. Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products. Crypto perps trading is coming back to Europe 🇪🇺

I did some shopping today 👀 Sure, NFTs are dead and all, but the @SmythsNFT community gave me a lot, so I decided to join @SmythsVV. I’ll always support builders within my means, and BSL is the king of building. Also, we might see a comeback soon for NFTs. Ad maiora ⚒️

The wait is finally over, Meegos Mayhem (Beta) is now LIVE! Start playing and see if you can handle the madness. 👾 Link below. 👇

Lossless Charity (LC) donates 300 USD to the Charles Darwin Foundation by adopting a Galapagos Giant Tortoise. Many thanks to @DarwinFound for 65 years of conservation work protecting endangered species and the unique biodiversity of the Galapagos islands. You truly are making a difference 🐢💚🙏 LC has donated 2.797 USD this year to various nature conservation projects. More info 👉 linktr.ee/losslesscharity

Meegos Mayhem. 1st October, 2024.

Meegos Mayhem exclusive launch event at Marquee, Singapore. 19th September. See you there.

Introducing: Atlas3 Storefronts. 🌐 A new way for creators to grow their brand and push new limits, only on @Solana. 🧵

Thanks to @zelofinance and @BlocksmithLabs fam for the opportunity. Deposit 185 sol and won 2.7 $sol. Earned my 6 months staking in a week. Also won $usdc price by #atlas3 losseless lottery. I am happy with my NFT'S, FORGE'S, AND SOL'S in hands on @BlocksmithLabs team!

🚀 Zelo Finance Beta is now LIVE! Zelo is Solana’s #1 lossless lottery savings protocol. It’s instant, non-custodial, and lossless. Learn how to save and earn with Zelo below! ⬇️

@nftmakinesi @weezichor @HM_DCA @Mutatoads @alexbasil All the usd earned from the raffle is used to buy back forge. The team earns 0 from the raffle. It's okay bro, let the hatred out

Introducing the new Atlas3 - Triton Update! 🌟 Triton Update is an entirely new redesign with a fresh design language and a better user experience. It combines all the feedback we've received over the past year. Enjoy a fresh design and easy access to all the features.

@_sub_str8_ All active campaigns can be found on raven.blocksmithlabs.io

Raven is back. Time to test it out If I were to rebuild my portfolio from 0, engaging on Raven would not be a bad way to approach it If I were in need for marketing, Raven would not be a bad way to maximize reach Engage on Raven for a chance to win 50 Forge (1.5$)

🐦‍⬛Introducing: Raven (Reborn) A gamified marketing platform to maximize project and user visibility while being rewarded in a fair & decentralized way. (Free for the first 72 hours. ) Read along. 🧵