Is it launchpad season on @Base? Can anyone really compete with @virtuals_io ?
While @pumpdotfun has made launchpads great again, their model suffered from two main pain points: ✦ Low Token Quality ✦ Extractive Value
This has opened up a new space of opportunity for new launchpads which are adopting a less "greedy" approach.
Among those @basepumpFUN is focusing on the two pain points highlighted above.
1. Ensuring Token Quality One of the main issues with launchpads is the low quality of tokens launched there. BasePump builts a series of tools which are embedded in the UI, allowing users to take more informed tradition decisions.
These include: ✦ Aileen AI agent: this AI can be accessed by holding 100k of its tokens, and can be leveraged as a personal research assistant. ✦ Token Card Metrics: Each token launched on the platform has its own card. The card itself highlights several aspects of the token including distribution, sniped supply and more. ✦ BubbleMaps chart and Filters: users can leverage further filters to view particularly aspects they are interested in, as well as being able to access Bubble maps on the token distribution directly in the UI.
2. Redistributing Value It's no news that the pumpdotfun team are not exactly bagholders...
While they have made over $700m in revenues, this value has never been redistributed in the ecosystem, or across participants in the token.
@basepumpFUN focuses on a less extractive model where 50% of the revenues (at least) will be distributed in the ecosystem (either through a staking model or a buyback and burn).
Last but not least, the team has been funded organically without VCs.
Is this enough to ensure the success of the platform? Will BasePump be able to capture a significant % of market share within the Base Ecosystem?
1⃣Touches deep inside human emotions: am i as cool as i think? Can i actually tweet my way up to the top 25? This is the ultimate ego test for KOLs. Getting the top names to compete in a competition for attention is NO JOKE. This has been instrumental to reach that level of attention and make them work for a piece of their cake.
2⃣Not many details out: people started speculating all over. They were not sure it was worth louding all around given the lack of details. Trusted in ultra, the narrative, and the Kaito association.
3⃣Super simple mechanism: does not overcomplicate things. People just yap. No need to farm etc. etc.
4⃣Riding the @KaitoAI wave: how are projects going to leverage Kaito? This is not clear yet, as one of the main projects doing it, Loud benefits from early adapter benefits and a lot of curiosity and untapped value. If this succeed, then Kaito can position itself as an infrastructural and analytical component for many upcoming projects (beyond web3).