It is so important to explore and iterate to find better patterns. The way tokens have been getting launched from launchpads is pretty much the laziest slop they can do.
Teams/founders then have to figure out silly tricks to prevent failure from the poor launch setup. On the upside, they’re all equally screwed if they launch from the space place, so then the game shifts to PvP strategy.
Four years ago, concentrated liquidity was introduced. This allows you to choose what range you want to add funds to for liquidity. It’s been mostly ignored or abused, but that ability to choose the range did some magic. You no longer need a full range position for your LP, and don’t need to provide a 1:1 ratio of assets when adding to the pool. In other words, you can just launch with only tokens in the pool, starting at any price.
The goal of bundling/sniping is to get above a given market cap and do all the things Skely mentioned. Usually starting at 1-10k market cap, tokens need around 5 figures worth of funds for the bundle to push market cap up to around 100k. Then another 4-6 figures worth of funds to wage battle in PvP. This is a stupid waste of money.
I will repeat, the way most tokens launch is a gigantic waste of money. Please stop doing it that way. It’s really really really REALLY stupid. Can’t express enough how terrible of a plan that is.
If you want the token to not really have any early entrants, and you effectively want to start off with a market cap around 100k, simply start off at 100k. You could start off at 1 billion market cap if you wanted to; it doesn’t cost extra.
You don’t need support for tokens no one has purchased yet.
Please stop bundling, and PLEASE ask launchpads to use tech that isn’t outdated by 4 years. I am so tired of this.
Glad to see Skely trying new things.
This was not how $ponzi was launched. It was done mostly the opposite but Just so you guys are aware. The playbook for most (not all) (usually meme) coins on Solana (and EVM) is this.
0. Simple coin. (No complex dev work or mechanics. Generally a meme coin or dead coin)
1. Small LP (this is so you don’t have to risk much personal capital, it also makes pumping the coin easier)
2. Supply control (dev needs to own 90%+)
3. Volume bots (to trigger buys and make it look “hot”)
4. External capital (some money on the side to pump the coin)
You then get a “cabal” now this isn’t some shadowy thing. It’s just early (ideally rich) backers/buyers. These are usually KOL types (but not always) they usually have their own group of people that buy with them.
You then launch the coin, and once volume picks up (other than your volume) you immediately sell into the volume.
How aggressive you sell into the volume is if people call it a “rug!” Or not.
(Spoiler no matter what you do they will call it a rug.)
Then once you push the price down, you take the money you made, and push the price back up.
The hard part is there are people who track this and will buy up the coin low with you and sell into your buying pressure. So you are capped unless you have infinite money.
So it’s a little mini game.
But this is why most just don’t try to run it back after the first dip.
It also makes pumping it without organic support basically impossible.
So this is why the line of “DEV DO SOMETHING!?!” Is a meme.
For the record $ponzi is basically the opposite of the points above.
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