Ansem on what went wrong with Hunter Biden’s token launch.
“I don’t think Hunter Biden is the one who was like, ‘Yeah, guys, we should set up the liquidity pools like this. We should launch it at this market cap. We should give this much to market makers.’”
“People are organizing and setting up these launches such that the people who know them know when they’re launching at the beginning make the most money.”
“It’s not set up in a way such that the community that would rally around a social token like this makes the most money long term, and that’s why all these launches are fucked up.”