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Rug Free Layer Three

by ᖽATH

ATH 🎩ᖽ

ATH 🎩ᖽ

When we launched ᖽATH one of our goals was to create a fun and safe environment for degens to degen. You see, prior to the launch of ATH, Degen Chain looked a lot like this…

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So we decided to do things differently. We launched with 0% (yes, Zero) team allocation. We allocated 20% of the ATH supply to our holders for airdrops. We committed a juicy 70% for the LP. By investing our own funds—10% of the initial liquidity, we put skin in the game. We also put our credibility on the line, as known builders and creators in the crypto world and beyond.

If that isn’t enough, today we’re also excited to announce that ᖽATH is the first project to lock our funds in a SAFE multisig. These are the tokens that will be airdropped to all ATH holders once we hit ATHs on $degen and $ATH. You can see the transaction here.

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Our multisig requires 3 of 5 signers, who are:

An impressive list we hope you'll agree! By doing this, we're proud to say ᖽATH is also the first onchain treasury on the L3. Fun fact, we actually deployed this SAFE from within a frame (what a time to be alive), so if you’re building on L3 you can also make use of this amazing tool from our friends at Palmera here.

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Having tools like this available is crucial, as currently Degen Chain Layer 3 is living up to its name. It's, well, the wild west of incredible degeneracy. While projects like ATH and Wake are growing, backed by credible teams, the ecosystem is not without its challenges. We’ve seen lots of rugs, exploits and outright scams, so it’s pretty hard to stay SAFU. That’s one of the reasons we also created the Degen Chain OG group chat on Warpcast, to help each other stay safe and share interesting new projects as they emerge.  

ᖽATH has been here since the beginning of Degen Chain, we’ve amassed nearly 1000 holders and a strong community across the interwebs. We're currently participating in the 'Deploy on Degen' week, gearing up to roll out an exciting initiative that we can’t wait to share with you! There are also lots of other great projects building on L3 which makes us confident we’ve picked the right ecosystem to grow within.

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As first movers on Degen Chain, we see the enormous opportunity in front of us all. The chance to create a dedicated low-fee, high-speed, L3 ecosystem for degens to have the time of their lives. We also really believe that this can only be possible by supporting credible teams, with skin in the game, solid tokenomics and a commitment to safety––exactly like the Degen project itself that sparked all of this into life.

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All in all, things are shaping up really nicely. ᖽATH is SAFU, we’re building the future on Degen Chain, and getting ready for the day where we see new ATHs on $ATH and $degen. It’s going to be a lot of fun.

Arweave TX

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cyrusFarcaster
cyrus
Commented 1 year ago

gm everyone and happy 4/20! It was great to meet many of you this week. I'm an optimist, but I really hope we can push Degen Chain to be very fun, less PVP and a lot more non-zero-sum if you're aligned, ᖽATH would love to collab – DMs open :) https://paragraph.xyz/@ath/rug-free-layer-three?referrer=0x1234567890

Tempe TechieFarcaster
Tempe Techie
Commented 1 year ago

LFG 🚀 300 $DEGEN

Mary Ann Artz 🎩🍖Farcaster
Mary Ann Artz 🎩🍖
Commented 1 year ago

I just collected Rug Free Layer Three on Paragraph.

cyrusFarcaster
cyrus
Commented 1 year ago

Being a Degen means taking risks, responsibly. So we'd like to inspire a Rug Free Layer Three. That's why ᖽATH is: - A public team with 0% team allocation - The 1st project with a Safe Multisig on L3 - Committed to pushing Degen to ATHs Join ᖽATH > Escape the rugs https://paragraph.xyz/@ath/rug-free-layer-three

Nick Tomaino🎩Farcaster
Nick Tomaino🎩
Commented 1 year ago

1000 $DEGEN

antimo 🎩Farcaster
antimo 🎩
Commented 1 year ago

travesty

cyrusFarcaster
cyrus
Commented 1 year ago

I KNOW! Also nice to see you're looking at ᖽATH ᖽ

cyrusFarcaster
cyrus
Commented 1 year ago

@colin i know unicode support for frames is absolutely at the top of your priority list right? 😂

antimo 🎩Farcaster
antimo 🎩
Commented 1 year ago

this is what makes or breaks a business @colin

cyrusFarcaster
cyrus
Commented 1 year ago

We're delighted to announce that ᖽATH is the 1st project to lock funds in a Safe Multisig on Degen Chain! We have OGs @wake, @toadyhawk.eth, @papa, @cush.eth and me as signers - full details in the post Recast & help us share this vision for a Rug Free Layer 3 ᖽ https://paragraph.xyz/@ath/rug-free-layer-three

wakeFarcaster
wake
Commented 1 year ago

Wonderful. Two things: >"Rug Free Layer Three" is 👌 >$WAKE is not "backed by a credible team" lol

cyrusFarcaster
cyrus
Commented 1 year ago

> I take all credit for point 1 > I'll reprimand my team for point 2

wakeFarcaster
wake
Commented 1 year ago

I'm an amazing specimen, no doubt. But not four qualified people. Or even two. Barely one, now that I think about it.

Omishon  💜ᖽ 🎩Farcaster
Omishon 💜ᖽ 🎩
Commented 1 year ago

LFG! Hat is staying on my degens

AndersOFarcaster
AndersO
Commented 1 year ago

You had me at Rug Free 🥰🤩

DrakhonenFarcaster
Drakhonen
Commented 1 year ago

Rug Free Layer Three EXCITING READ!!!! Blood is PUMPING!

Rug Free Layer Three