Notes
I've successfully spearheaded three projects:
- $MNG generated $78 million
- $BT achieved approximately $7 million
- $COS generated $25 million
All projects thrived, yet I encountered a significant issue with supply management. In each case, my influence was leveraged by others who amassed large quantities only to subsequently dump these holdings, adversely affecting both myself and the community.
Key Lessons Learned:
From this experience, I've realized the importance of controlling supply to prevent such dumping. For any future projects:
- Supply Cap: I'll implement a maximum wallet limit where no single wallet can hold more than 1% of the total supply.
- Incentive Mechanisms: Introduce a reflection or tax system that rewards long-term holders, ensuring there's a tangible benefit to holding rather than selling.
This space has increasingly resembled a casino, where the 'house' often wins at the expense of retail investors. My next venture will aim to level the playing field, giving people solid reasons to invest and hold, rather than just playing the odds with #memecoins