a significant but deserved retrace in the launchcoin ecosystem today
this happened for the following reasons:
- api documentation was provided and it was somewhat underwhelming
- a decent founder launched ticker $KLED but the wrong ca was initially provided and then pasternak had to correct this, causing some to lose a lot of sol. glad i was asleep lol
overall the team is not capturing momentum, and metas only tend to last for 2/3 months.
by now, we should have had faster updates imo, higher profile launches and token flywheel implementation, along with someone notable like TG streaming with founders
all is not lost though, we just need one or two launches with notable founders using good tokenomics for the eco to bounce back.
your friendly neighbourhood launchcoiner here with another update
we have exceeded 549m total mc for the eco- looks like the market liked the API update, which lets builders burn their coin programmatically
eg if Dupe’s (@dupe_solana) core KPI is deal searches, they could enable a coin burn every time users search the app for a deal
we also saw Fitcoin (@fittedcloset) announce that $fitcoin made from the app will go to the rewards pool for users
these are some cool ways to generate a flywheel and provide value back to users
and some of the biggest winners over the past 24 hours include fantasy top competitor @glympsedotfun up 100% and $prompt up 200% - which helps businesses find ad space in this post-ai world
we also saw pasternak update the metadata for $RIPVC - its unclear whether this is going to stay a meme or have utility in the whole ecosystem- as a result of this change it pumped 325% to a 7m mc lol
hopefully we get more cool announcements from the team today and more high profile launches
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