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Boop.Fun leading the way with a new launchpad on Solana.
Stephen
founder mode @metaplex
Warren is just lying at this point about how CLARITY impacts SEC oversight. Securities are still regulated as securities regardless of where they trade but now there’s a path for them to trade onchain as well as on NASDAQ and NYSE.
It makes sense though because she then says the quiet part out loud: "That whole stock exchange has been a goose that has laid a lot of golden eggs for people in New York City”
Bullish on crypto and more open and equitable capital markets. Bearish on Democrats until they vote out these dinosaurs.
17.7. klo 15.31
🚨 NEW: Senator Warren says the CLARITY Act could blow up the value of the NYSE.
387
Bullish on crypto and more open and equitable capital markets. Bearish on Democrats until they vote out these dinosaurs.
Warren is just lying at this point about how CLARITY impacts SEC oversight. Securities are still regulated as securities regardless of where they trade but now they can trade onchain as well as on NASDAQ and NYSE.
It makes sense though because she then says the quiet part out loud: "That whole stock exchange has been a goose that has laid a lot of golden eggs for people in New York City”
17.7. klo 15.31
🚨 NEW: Senator Warren says the CLARITY Act could blow up the value of the NYSE.
37
Bullish on crypto and more open and equitable capital markets. Bearish on Democrats until they vote out these dinosaurs.
Warren is just straight up lying about how CLARITY impacts SEC oversight. Securities are still regulated as securities regardless of where they trade but now they can trade onchain as well as on NASDAQ and NYSE.
It makes sense though because she then says the quiet part out loud: "That whole stock exchange has been a goose that has laid a lot of golden eggs for people in New York City”
17.7. klo 15.31
🚨 NEW: Senator Warren says the CLARITY Act could blow up the value of the NYSE.
54
Vibhu nailed this
The end game for shipping Silicon Valley onchain with a decentralized NASDAQ is that
Commodities have onchain token offerings and trade freely
Securities have onchain public offerings using token extensions for compliance (KYC, trade restrictions, remote burn, etc)
Founders choose the right structure for what they’re building and investors vote with capital
CLARITY + Genesis unlock
18.7. klo 02.24
Interesting to ponder what happens if & when every company can go public on @Solana early in their life
Today we think of tokenization as the defacto "going public" for a crypto entity but it fails to deliver on shared ownership, which is the original premise of public companies
There are a number of infra pieces that Solana delivers through Token Extensions, however mostly this will require new opinionated products around token launches and governance (yes, we actually do need more token launchpads!)
1) We need tools that make transparency easier. You see entities reporting on fees, but very few on balance sheet, vesting schedules, and there's 0 transparency around planned selling from founders & large stakeholders. In the absence of this, every single tokenized entity lives in a perpetual rumor mill which is hugely distracting.
The @JupiterExchange token holder report was a great step in that direction, I'd like to see more like this.
2) We could introduce dual class tokens, so that founders can maintain governance control even as ownership gets distributed (should be possible with TEs on Solana). Upon those tokens being sold, they would lose their voting power.
3) I would propose restricted trading windows, e.g. tokens are tradable once a quarter for 3 days. Yes, this probably hurts liquidity but it allows founders to cook. In these windows, we could also have staged token releases so that companies can progressively raise capital (e.g. 1% every quarter)
4) The big one here is economic rights; moving beyond buybacks to profit & revenue sharing rights. This one is blocked by regulation in most places unfortunately. I believe this will change with time
2,43K
vibhu nailed this. the end game for shipping silicon valley onchain with a decentralized nasdaq is that
assets that are commodities have onchain token offerings and trade freely on chain
assets that are securities have onchain public offerings using token extensions for compliance (e.g. KYC, trade restrictions, remote burn etc)
founders choose the right path for the business or project they're building and investors vote with capital
CLARITY + Genesis unlock
18.7. klo 02.24
Interesting to ponder what happens if & when every company can go public on @Solana early in their life
Today we think of tokenization as the defacto "going public" for a crypto entity but it fails to deliver on shared ownership, which is the original premise of public companies
There are a number of infra pieces that Solana delivers through Token Extensions, however mostly this will require new opinionated products around token launches and governance (yes, we actually do need more token launchpads!)
1) We need tools that make transparency easier. You see entities reporting on fees, but very few on balance sheet, vesting schedules, and there's 0 transparency around planned selling from founders & large stakeholders. In the absence of this, every single tokenized entity lives in a perpetual rumor mill which is hugely distracting.
The @JupiterExchange token holder report was a great step in that direction, I'd like to see more like this.
2) We could introduce dual class tokens, so that founders can maintain governance control even as ownership gets distributed (should be possible with TEs on Solana). Upon those tokens being sold, they would lose their voting power.
3) I would propose restricted trading windows, e.g. tokens are tradable once a quarter for 3 days. Yes, this probably hurts liquidity but it allows founders to cook. In these windows, we could also have staged token releases so that companies can progressively raise capital (e.g. 1% every quarter)
4) The big one here is economic rights; moving beyond buybacks to profit & revenue sharing rights. This one is blocked by regulation in most places unfortunately. I believe this will change with time
718
Stephen kirjasi uudelleen
There's plenty of fish in the sea but @DeFiTuna is riding a new wave of Onchain Token Offerings powered by Genesis.
With the flexibility of Genesis, they are offering two fixed price presale phases - each lasting one hour or until allocation is full.
What is DefiTuna? 👇
5,81K
Awesome convo with the legend @DegenMack and @MapleLeafCap about the Genesis release and what it means to put Silicon Valley onchain. Most important upgrade to Metaplex since we started in 2021.
16.7. klo 07.51
Metaplex is powering over 1M new tokens a month, generating ~$2M+ in monthly protocol fees.
In this new interview, @DegenMack sits down with @MapleLeafCap to talk about what's new for Metaplex including Genesis.
Watch the full interview 👇
453
We shipped our first standard for both tokens and NFTs on @solana over four years ago
Millions of tokens later and we’re still just seeing the edges of what the onchain economy will look like (soon just “the economy”)
Peer to peer finance and commerce without limits. Internet capital markets that tap global talent and resources. A Silicon Valley open to anyone with an internet connection.
In the way that Candy Machine was the backbone to the NFT boom, Genesis unlocks token creators, launchpads and apps to ship directly onchain.
This isn’t a small build for a reason. Token launches are a one way door and you have to get all the details right. And not all tokens are the same which means different mechanics and strategies for different projects.
There’s one core truth to all of this though, which is the world is moving onchain fast
It’s happening on @solana with technology that scales
Led by cracked founders that see the end line and will run through anything to get there
And it’s being built with @metaplex
Genesis
15.7. klo 00.10
Internet capital markets need customizability, trust and transparency.
Which is why we're launching Genesis: a protocol for Onchain Token Offerings.
6,09K
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