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think $par is an interesting little punt at ~$6-10m not because i think it’s going to replace $pons there’s actually very little reason right now for the majority of people launching tokens to move away from pons…it has the mindshare, liquidity and distribution par needs to give people a reason to use it and i think the interesting part is the ability to pair new tokens against basically anything $DIP / $TENDIES is a good example it’s inherently memetic, creates a relationship between two assets and gives people a completely different canvas for launching funny memes you can imagine endless combinations around stocks, existing memes, rival communities, pairs trades etc most will obviously go to zero what i’m interested in is what happens if one genuinely massive runner originates on par the first token that goes from nothing to $50m, $100m, $500m suddenly becomes the advertisement for the entire platform people start looking for “the next one”, creators launch there because that’s where the attention is and volume starts feeding back into the platform that’s where i think the reflexivity could get quite violent and you’re currently paying ~$6-10m for that possibility the early numbers are at least encouraging… 400 tokens launched $11.9m platform volume $160k paid to creators 43.6m $par burned 4.36% of supply gone in the first 5 hours the $pons comparison is useful because we’ve already seen what sustained launchpad volume combined with aggressive token economics can do but i wouldn’t pretend par has proved anything close to that yet this could quite easily be a shiny new toy that everyone forgets about tomorrow the first 5 hours are almost certainly the least representative 5 hours we’ll ever get and i’d expect activity to drop considerably for me this is much more a bet on whether par produces its first breakout token if it does, i think the combination of a genuinely different launch mechanic, creator incentives and $par being burned as the platform grows could become extremely reflexive if it doesn’t, pons probably continues eating the overwhelming majority of launches and par slowly disappears pretty binary outcome but at single digit millions, i think it’s a fairly interesting one $par 0x507B6F349a80114097A67B8b4677367acC15b220