Farcaster has paused future Clanker presales while it works on a redesigned launch mechanism.
The team cited fairness, price discovery, and liquidity limitations in the existing presale system.
A new Clanker launch feature is expected to take several months to build and will be developed with community feedback.
Farcaster has announced a pause on future Clanker presales as it re-evaluates its current token launch mechanism. The update was shared by Farcaster co-founder Dan Romero, who stated that the team is working on a new Clanker launch feature designed to address structural issues observed in recent presales.
The decision follows a Clanker presale run by the House team several weeks ago, which utilized the platform’s gated v4 presale functionality. The sale sold out immediately, reportedly before it could be announced in-app. While the team met its fundraising target, participation was limited to a small number of buyers, despite prior communication that led many Farcaster users to expect access.
Romero acknowledged that the presale design contributed to the outcome, noting that an allowlist should have been required. However, he emphasized that even with allowlists, the existing presale mechanism has broader limitations.
According to Farcaster, the current model incentivizes speed rather than long-term alignment, lacks built-in price discovery, and requires teams to define an implicit market capitalization upfront by selecting a fixed percentage of tokens sold and a target ETH amount. In addition, presale proceeds do not contribute to launch liquidity, and the system does not support cancellation or refunds once a presale begins.
In response, the Farcaster team is returning to the design phase with three stated objectives: enabling broader and fairer distribution, ensuring trading begins with deep liquidity at a market cap determined through price discovery, and aligning economic incentives between teams and token holders.
The new Clanker launch feature is expected to take a few months to develop. Farcaster plans to collaborate with interested teams during the design process to gather feedback and iterate before the feature is released publicly.
Source: Farcaster (Dan Romero)
https://farcaster.xyz/dwr/0xe5216817
Farcaster has paused future Clanker presales while it works on a redesigned launch mechanism.
The team cited fairness, price discovery, and liquidity limitations in the existing presale system.
A new Clanker launch feature is expected to take several months to build and will be developed with community feedback.
Farcaster has announced a pause on future Clanker presales as it re-evaluates its current token launch mechanism. The update was shared by Farcaster co-founder Dan Romero, who stated that the team is working on a new Clanker launch feature designed to address structural issues observed in recent presales.
The decision follows a Clanker presale run by the House team several weeks ago, which utilized the platform’s gated v4 presale functionality. The sale sold out immediately, reportedly before it could be announced in-app. While the team met its fundraising target, participation was limited to a small number of buyers, despite prior communication that led many Farcaster users to expect access.
Romero acknowledged that the presale design contributed to the outcome, noting that an allowlist should have been required. However, he emphasized that even with allowlists, the existing presale mechanism has broader limitations.
According to Farcaster, the current model incentivizes speed rather than long-term alignment, lacks built-in price discovery, and requires teams to define an implicit market capitalization upfront by selecting a fixed percentage of tokens sold and a target ETH amount. In addition, presale proceeds do not contribute to launch liquidity, and the system does not support cancellation or refunds once a presale begins.
In response, the Farcaster team is returning to the design phase with three stated objectives: enabling broader and fairer distribution, ensuring trading begins with deep liquidity at a market cap determined through price discovery, and aligning economic incentives between teams and token holders.
The new Clanker launch feature is expected to take a few months to develop. Farcaster plans to collaborate with interested teams during the design process to gather feedback and iterate before the feature is released publicly.
Source: Farcaster (Dan Romero)
https://farcaster.xyz/dwr/0xe5216817
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Read MeFarcaster Pauses Clanker Presales, Plans New Token Launch Mechanism
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Read MeFarcaster Pauses Clanker Presales, Plans New Token Launch Mechanism
Testing a new format for ReadMe What do you love/hate about this style? https://paragraph.com/@readme/farcaster-pauses-clanker-presales-plans-new-token-launch-mechanism
love it!!!!! I think it’s pretty dope and makes people wanna keep reading.
thanks drmat! thinking if this here hits the spot where i continue to do mini articles about different news and post it on our telegram channel as well
Great idea. btw Why don’t you build a mini app, bro? I think you could do a lot with a mini app i mean a lottttttt. You could even launch a token. Have you thought about that?
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Testing a new format for ReadMe What do you love/hate about this style? https://paragraph.com/@readme/farcaster-pauses-clanker-presales-plans-new-token-launch-mechanism
love it!!!!! I think it’s pretty dope and makes people wanna keep reading.
thanks drmat! thinking if this here hits the spot where i continue to do mini articles about different news and post it on our telegram channel as well
Great idea. btw Why don’t you build a mini app, bro? I think you could do a lot with a mini app i mean a lottttttt. You could even launch a token. Have you thought about that?