Ralph demonstrated how powerful funding open source software can be on @BagsApp The coin reached a market cap of $50M and raised over $200K for the creator. However, despite understanding the opportunity and communicating regularly with our team, the creator of ralph decided to sell his tokens publicly after letting our team know that he would hold them. We did our best to offer solutions including a developer grant, vested supply, and an offer to buy his coins directly. The lesson we learned is that we need to protect traders even more by strengthening incentive alignment between developers and traders. We're going to double down on education and build systems to support developers who are committed to making their projects successful long term, rather than for a quick profit. To all the talented developers and traders coming into our ecosystem, we are here to support you. We are committed to constantly improving our product and we appreciate all your feedback. There's nothing that will stop us from funding and supporting the best builders in the world on @BagsApp

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments