Tbf I don’t think the backlash is warranted, pumps approach here can be distilled down to levelling the playing field.
It’s like going to the favelas and giving everyone US military grade firearms instead of just the most powerful having them
I wonder if team is actually delusional enough to think kast was going to survive this or if it’s a classic exit skem
On the email users got, about converting points for KAST Pioneer Units. Let me say this, and then will leave it for you to absorb.
—-
First -
We are super limited in the language we can use, because of country-by-country rules. Use that for context, in what we released.
Second -
We didn’t just come up with some program out of thin air. The conversion of points to KAST Pioneer Units, came after a long and super expensive process with Tier 1 law firms, and with approvals from investors to create this setup. It literally cost us millions just to setup. We got legal opinions on dozens of countries. Obviously, we would only do this because we are really trying our absolute best to create a strong program for the community.
Third -
Just to reconfirm.
The KAST Pioneer Units, will be issued by a KAST-linked SPV. This is the only practical step for issuance globally. The points will convert to the KAST Pioneer Units.
There will be periodic cash out events. We can’t legally promise you the amounts, the dates, whether it goes up or down. No surprise in that.
But we are putting in the hard work, so the community gets an outcome aligned to the success of KAST.
The only thing you have to do, is quickly accept the conversion, details early December in app.
Fourth -
Why is there no token? Because no single project in the crypto card or Neobank space in history, has ever delivered a token which is not down. Tokens are almost always not aligned to the community. The founders and team most often end up with a treasury they wholly control, they along with investors cash out, and the token holders deal with the volatility and the ultimate decrease in price.
By not launching a token, our team and investors get none of that optionality. They stay locked in equity. To date, I have personally only net purchased equity in KAST and never sold.
Launching a token completely counter to our ambition to build a $100B+ company. We believe the KAST Pioneer Units will be the best long term outcome, and in time people will realise this.
Finally -
We understand that in a market which is very far down, many are looking for anyway to cash out. We get it. There is real pain in crypto prices, many have seen their wealth fall substantially.
But still strongly believe the KAST Pioneer Units, issued by the SPV, will ultimately prove to be the right decision. Time be our witness.
Thanks all.
(Note: I won’t respond to most comments, as I’m keeping to approved language)
There’s 400,000 left abandoned in your computer you just need enough computer to run your own model with matching morality to your own
Me: holy shit ux on consumer apps are going to start getting infinitely better, it’s gonna be such a boon for the average joes normal life
Spotify: yo we’re gonna geolock you to the country you spend most your time in so we can generate better revenue from targeted ads. Oh? You don’t have banking in that country? Can’t subscribe? Too fucking bad pleb 😃
This would be such massive news with scares of solvency all over the time line rn in the past
Now hardly anyone cares, crypto is within the system and its users expect its institutions to be trustworthy, like banks.
Porn coins and racist coins had always signalled local absolute pico maximums. Fucking impressive that slingoor created a goon metta that lasts
Andro retweeted
new markets soon!
adding hype, also rolling out intraday-only markets for: qqq, spy, eur, jpy, gold, silver
aiming to be live monday morning
Holy shit what happened
Very unfortunate, I loved the idea we'll have to see if something in the future can do what bordrless dex promised to do.
RIP $BORDR
I’ve never read anything that makes me want to switch to gpt more.
Haven’t used it since opus 4.5, mainly because for my proficiency Claude achieves what I need and Sam gives me the creeps
In collaboration with @olam_labs, we ran a series of experiments letting agent swarms compete in Minecraft and Mindustry.
We wanted to see what kinds of agent dynamics would emerge when they shared a world over long periods of time.
We found civil bureaucracy, thousands of telegraphic A2A messages, and OpenAI models retrieving the game's source code to beat Claude.
More on our findings below:
I just don't believe "mascot" memes will be buy and hold winners
Who the hell is even a chain tribalist anymore? Why would a community form around a corporations attempt to create a community.
These were good trades because they were "safe" runners, and there's argumemt to event trade them but I struggle to see basecat, cashcat, baton ect out performing.
Think it's way more likely that murad thesis is correct and random shit that people just simply decide fuck you, this is our thing is what wins. Gun to head I'd buy swordcat or spx over the others
Man these kung fu monks charging people to hit em with sticks for social media posts gotta be laughing their assess off
Forever top on goonslop and onlyfans creators.
This was briefly the most lucrative business in existence and like everything the else it becoming a business is the very thing that began its demise.
Users are less interested,
Market is saturated/socially acceptable,
Market will 1000% be disrupted by AI.
SW will always exist, and there will always be high earners in the field. But the conditions that created Sophie Rain and co are no longer there
These guys are actually assholes lmao wtf did they even need a new token for.
Stonk eco is a grift
Everyone pitching $LAUNCH as the "anti-Pumpfun savior" needs to look at what is actually happening on-chain right now 🤡
A quick Solana RPC check on the deployer wallets and marketing claims shows a completely different story:
1. "100% Buyback & Burn Every 3 Mins" vs. 566 SOL Hoarded
Despite over $7.8M in 24h volume across pools, total on-chain supply is still 989,893,291, only 1.01% burned all day. Meanwhile, the master deployer wallet (HgKfki…xVdk) and its linked fee wallet (5CEbue…SPAG) are sitting on 566.2 SOL (>$100K) and 38.3K STONK, routing SOL between each other every minute while "hot-fixing" buybacks that were turned off for hours.
2. The Single Hot-Wallet Exploit (1,946 Dev Mints)
It isn't a custom smart contract. It's a frontend wrapper calling Raydium LaunchLab from a single hot wallet (HgKfki…xVdk). Because the backend API wasn't protected, someone spammed it into deploying nearly 2,000 junk tokens today, flagging the dev wallet with 1,946 mints and knocking the site offline with HTTP 429 errors.
3. Sniper Distribution & "2% Auto-Dump" Fix
Their own curve graduated in 4m 29s with ~19% scooped by early snipers split neatly into <3% wallets (AEtL29…U8Dk, CMQgBR…W5Q9, 5uxLEt…XcfZ), which have been unloading $3K–$12K clips into retail as mcap dropped from $4.2M to $1.7M. Even wilder: at 17:45 UTC the dev tweeted they are adding a "2% developer buy on every coin that will instantly sell" to fight snipers.
4. Zero Official Stonk Fun Backing
The X account was created today at 08:39 UTC, has zero endorsement from @LaunchOnSF.
Great narrative hook on paper, pure fee extraction under the hood. Always check the fee wallets before buying the "fair launch" pitch. NFA.
Download the app and input my referral code runawaymanta468!
pump.fun/u/runawaymanta468
Be pretty cool if y'all traded on my link, would be pretty cool
Early to a whole ass meta and made $75 off of it.
Yeah this one's a lesson, the worst part is there was a clear catalyst that I simply glazed over.