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        <title>Cake Hat World Order</title>
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            <title><![CDATA[There is no rug...I love you]]></title>
            <link>https://paragraph.com/@cakehatdeployer/there-is-no-rug-i-love-you</link>
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            <pubDate>Sat, 29 Jul 2023 18:44:41 GMT</pubDate>
            <description><![CDATA[I feel compelled to clarify my intentions to everyone following criticism from some prominent members of our community regarding my project, Cake Hat World Order. I assure you that my intentions were never driven by profit or any form of deception. My primary goal was to bolster Remilia&apos;s brand recognition through compelling viral memetics and a groundbreaking approach to the financialization of NFTs based on Bonkler. I&apos;ve been an avid supporter of Milady since its early days when t...]]></description>
            <content:encoded><![CDATA[<p>I feel compelled to clarify my intentions to everyone following criticism from some prominent members of our community regarding my project, Cake Hat World Order. I assure you that my intentions were never driven by profit or any form of deception. My primary goal was to bolster Remilia&apos;s brand recognition through compelling viral memetics and a groundbreaking approach to the financialization of NFTs based on Bonkler.</p><p>I&apos;ve been an avid supporter of Milady since its early days when the floor price was quite low. My persistent promotion may well be the reason you first heard about Milady. I consider my relationship with the Remilia ecosystem as both spiritually and financially synergistic, offering it unwavering support.</p><p>When Bonkler was launched, I was taken aback by the ingenious system that Charlie had developed. The concept of an Ethereum-backed NFT was unprecedented and offered a novel way to maintain liquidity for projects, thereby supporting the floor price of assets. This is akin to the method NFTX employed for Milady, a strategy stemming from Charlie&apos;s foresight about NFTfi and the eventual implications of royalty termination.</p><p>For all derivatives of Milady, it&apos;s expected that projects contribute back to the ecosystem via floor sweeps and NFT staking. This ensures that these derivatives align with Remilia&apos;s goals - their profits from trading fees are contingent on their steadfast support for Milady.</p><p>However, I noticed that this traditional method of re-infusing capital into Milady primarily benefits only the floor assets, leaving holders of higher-priced traits and rarer assets out in the cold.</p><p>With this in mind, I conceived the idea of the Cake Hat Liquidity Protocol, a project inspired by Bonkler. My aim was to provide financial support for my beloved trait, thus reducing the risk of holding it due to the liquidity backing it.</p><p>My initial strategy was to use the mint funds to support trait-specific bids &amp; loans on Blur, thus boosting the floor price of Cake Hat and making it a safer hold. My vision was for Cake Hats to become the most valuable Remilia asset through trait-specific liquidity backing, offering a new solution to the problem I described above.</p><p>On the art front, the limited availability of the Cake Hat Milady trait (only 65 exist) posed a challenge to its viral potential. Hence, I sought to create more accessible Cake Hat Miladys. Drawing parallels to the strategy Bitcoin Miladys used, I aimed to create a less expensive alternative that could reach a wider audience and establish Cake Hats as an indomitable presence in our community.</p><p>These concepts formed the core of the Cake Hat World Order. I wanted Cake Hats to be accessible to all and to become Remilia&apos;s most valuable asset.</p><p>Unfortunately, the unwarranted criticism from several prominent figures without a genuine attempt to understand my goals was disheartening. I&apos;ve been a committed supporter of Milady since its inception, when it was largely overlooked. I hope this clarifies my objectives.</p><p>Let me reiterate - my actions were never to grift Milady.</p>]]></content:encoded>
            <author>cakehatdeployer@newsletter.paragraph.com (Cake Hat World Order)</author>
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