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jeetor
Joined December 2021
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If you’re chasing the 3 Punks on FWA, each has 1 ETH in backing. EV keeps changing as people spin.
I built fwachase.fun to make it easier to follow everything live and spin from the same page.
Would love to see someone pull a Punk on there 🫡
🤖 Made with AI
gm
made the charter page on standardking.xyz/bank a little less confusing. you can now see how your charter is actually doing: what you put in, what it earned, what got burned, how much came back.
But most importantly your check-in timer.
still early, still rough in places, still building.
tell me what’s broken
In about 13 hours there will be a new punk (#242) sitting at 1 ETH backing in the FWA pool.
The crown has also lowered his backing from 100 to 50 ETH.
currently the odds at pulling one of the punks sits at 1:23500
follow the EV in real time on fwachase.fun
I have registered to become an active participant in the emergence of a new autonomous network economy.
I believe in forever. xitter.cf/forevercultfund/status…
Building stuff continues
now working on papercopy. fun to let you copy any wallet on papertrade.
Just waiting on Papertrade to drop the builder codes & docs before we can get things rolling.
More soon 🫡
@izebel_eth @papertrade_xyz
Jeetdrops retweeted
tldr, i firmly believe in the inactivity mechanism and why it exists, but i also understand the frustration and where we couldve done better
the team will personally cover losses using earned team fees. but next time is fr tho
we're here for the long run
Last night I revoked 110 dormant charters on The Standard Reserve. Their owners had been inactive past the 30-day limit, so anyone could close them. I did.
913,516 $STANDARD was sitting in those charters. The rules split it like this: 30% back to the former owners, 2% to me as the reporter, 34% destroyed forever, and 34% recycled to everyone who stayed.
That last part is 310,595 $STANDARD going to the 858 charters still active. Streamed over three days: about 103,500 a day across the network, roughly 91 per branch, or 362 per charter on average.
Supply down, dormant capital gone,
active charters paid.
Keep your charter active and you get your share.
Sorry for the mess @0xbeans but this is exactly how The People's Central bank works
Woke up to see -$2,400 in my account.
I paid 1.25 ETH ($3,200) for an @standard_rsv NFT through the auction. Just yesterday, I had over 8,000 $STANDARD.
Then, without any warning, they burned my NFT and gave me back only a small portion of what I had.
Their reason? "They burned inactive charters."
I'm literally on the website 24/7 because I never close the tab, and I check it daily.
No on-chain activity? That's because expanding branches is ridiculously expensive. The last time I checked, it would have cost around $2,000 just to expand.
And yes, I know about Dormant Bankers. I was actually planning to do something about it, but your website was down for 48 hours and has been flagged as "unsafe" since the update.
I bought my NFT through the auction, NOT the whitelist mint. I paid FULL PRICE for it, and you just burned it without any warning?
This can't be serious. @0xbeans
Y'all seriously need to improve how you communicate with your community. People have invested real money into this project, and decisions like this shouldn't come out of nowhere.
This is actually one of the reasons I built the charter tracker on standardking.xyz/bank
You can look up your own charter or anyone else's, see exactly when it goes dormant, track issuance auctions, and pretty much everything else you need to know.
It's all there in one place. Hopefully it helps people avoid losing their charters in the future.
Inactive bankers don't belong in The People's Standard Bank.
The board has spoken. I voted you out.
Your seat is no longer yours.
robin.etherscan.io/address/0…
they go 1000x. you set the cap.
copy any wallet on papertrade same trade, your size, a heartbeat behind.
your money never leaves your account. 0 fees.
Collect that $PAPER
papercopy.fun
