kompreni πŸ¦‰

kompreni πŸ¦‰

@kompreniΒ· 13.0K followers
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What do these mean? β†’

rugging @rugclub. prev: tipping @tipn, founding @cent

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kompreni
@kompreni

Introducing Rug Club! (rugclub.xyz, @rugclub) Rug Club is a protocol that launches one (1) new coin each day. Every 24 hours, the previous coin's liquidity is rugged and used to buy up the new coin at launch. You can claim the new coin as long as you "committed" yesterday's coin. Committing protects you from being rugged, and can only be performed prior to the rug. If you're copytrading, uninformed, or otherwise lazy and do not commit your tokens in time, you get rugged. If you forget to claim before the next coin launches, you get rugged. Getting rugged means the value of your old coins goes to 0 and you get none of the new coin. Those that commit their coins split the proceeds from those that get rugged. This is how participants make money – it's less about number-go-up (it still can) and more about showing up each day and participating. (cont.)

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kompreni
@kompreni

πŸ’©πŸŽ…πŸΌ The Great Smelt of 2025 begins πŸ’©πŸŽ…πŸΌ Thanks to token creators who've coordinated with us. If you wanna get weird with us, deposit any of these coins into upgrader.co. If you have a coin and it has > 1 eth in liquidity, hit me up! We're going to be rolling these coins in a fresh Christmas upgrade. Details forthcoming :) LARRY: 0xFE748ec8b017302692a615F2a738d0606b1cd25B SHIBLI: 0x29EA098860369F30F5eafCB6e95783141d7d5cEF PRESALE: 0x00E823544B73b25eb0f5a34efAE1B0540D150502 FIDPUNKS: 0xCB657C4eA5976bD1351dd49703E2217346357B07 CLANKTARDIO: 0x075B25fAe35b121B5295b7FA779E73094b2E9153 CLANKERSUB: 0x34d2e34AaF1Bf43c8832ABb01d89E8ad0f77Ddf0

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kompreni
@kompreni

For as long as I've been working in crypto, people have been trying crypto-social experiments aimed at rewarding content creators. I know because I've been one of those people. I previously cofounded Cent, a web3 social network that ran a ton of different experiments: incentivized upvotes, incentivized subscriptions, incentivized subscriptions, you name it. Our "breakout" moment was when we tokenized posts and sold Jack Dorsey's first tweet as an NFT. Before us, there was Steemit. After us, came Bitclout, then Friendtech, and most recently Zora. History does not repeat, but it certainly does rhyme. Intuitively, it makes sense that if you're creating something, and millions of people are consuming it, it has value. But the path to realizing that value has historically been loosely correlated. At best, you'll get a sponsorship deal, some paid subscribers, or revenue from ads. But the incentives always feel tacked on, because they ARE tacked on. The expectation is that first, you must create "for free." If you don't, someone else will. Getting capital "upfront" is an assumption I don't expect to change. Recently, there has been a push, particularly from the Base team, to tokenize creativity on Zora. The intentions are pure and good: creators want more money, and web3/internet capital should be able to deliver that somehow. The disconnect lies in what most creators do not - and will not - do: make themselves the subject for others' profit and loss. This model is actually WORSE than the models of the previous era - labels, galleries, platforms, et al – because now the loss is no longer just the artist's to bear. It's on their fans, too. The ones who bought their coins after snipers, the ones who are sitting on losses, the ones who are exit liquidity if - god forbid - an artist wants to reap some of the benefit for themselves and sell. In many senses, memecoin traders are worse than labels. Their time preference is high. There are no long-term commitments, they're not dependable, they're always looking for the next place to reallocate their poker chips. If you're an artist, you probably don't want retail funding your creativity this way. You think your label or manager is annoying? Try a horde of psuedo-anon tokenholders busting your balls on your token price. No fucking thanks.

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kompreni
@kompreni

like many i am shocked by the proxy news. without a doubt, he has been a catalyst for fc ecosystem dev, globally i also believe in second chances. i believe people make mistakes and can change. but hiding your past is not how you earn a second chance. you have to own your mistakes, not run from them. gm.