$FRENS, an ERC-20 token, rewards parental engagement and will be backed by Frensville C-Corp dividends.
The ICO hasn't yet happened -
@nftsandkids wants to ensure he chooses the best path forward for the community.
In the last space, he talked about how he wants to ensure that the launch gets the most attention possible and gains external holdership with excellent demand and liquidity.
He knows that community members will sell - that's part of the reason people buy in to the community - number go up.
But, for that to happen and not created a frustrating scenario, there must be significant demand.
The Frensville community is not large and
@nftsandkids is not a KOL, so...
How to create demand?
Hard Capital.
Fundraising.
He is packaging the community--what we've built together--and will take it to investors and sell the vision.
Once the vision is sold, now we have the engine to drive demand.
Otherwise, we just launch a token on the market with everyone else and hope that it goes to the moon.
We've been around web3 long enough to know what happens.
Pump...
Dump...
Just another token that doesn't create opportunity for the community, just traders.
$FRENS will be different.
Instead of going back to the community and saying "we need to tie the token to something IRL,"
@meetnippy is actually building a business first.
Product first, then token.
That takes time.
Be patient, and Always Be Curious about
@meetnippy