I’ve been seeing a lot of threads about the Ten Thousand Tokens launch, how the project doesn’t work, TokenWorks is for grifting, etc. and wanted to give my thoughts. I wouldn’t wish launching new ideas in the crypto space on my worst enemy, especially tokens. I truly think this is the hardest medium to work in, as every action is permanent and there will always be someone who feels wronged regardless of how above board you act. I try to act as ethical as possible both onchain and with my marketing. We don’t work with KOLs, Market Makers, or “crime” tokens. If this is what you’re looking for, there are thousands of projects that do. Every idea is a derivative, but I do try to release new ideas to the space. I’m transparent about the rules ahead of time, that way everyone is on the same playing field and can try to solve the game their own way. There’s a reason almost everything is a fork, it’s much easier to launch an idea that is proven to work than brainstorm your own. “You just abandon ideas and move onto the next to rake in fees” When an idea has reached completion, you can either take what you’ve learned and apply it to the next one or lie through your teeth about how it’s “going to change the world” or “going to last forever” which I personally refuse to do. I run the TokenWorks twitter myself just so nothing that could be considered an over-promise slips through. Again, if this is what you’re looking for, there are tons of projects out there that love their marketing. As for TTT, I still really like the idea as a novel launchpad on ETH. We’re going to keep tweaking it and see if anything catches on. Maybe we need to change the launch mechanics, maybe we need to ditch the artistic UI. The core idea of an ecosystem of holders rallying behind launches rather than PvPing feels strong to me. By design it will run as long as Ethereum does, but eventually if nothing catches on my attention will shift but we will have curated 2500-10000 new participants in the TokenWorks ecosystem that we can include in the future. TokenWorks is a playground for onchain financialized ideas, on Ethereum. The mantra has always been we need to keep iterating on new primitives to see what works, and maybe a new killer protocol will be created that is really useful (ie. The Casino on Mars). We’re trying to build coordination games in a space that is inherently zero-sum. It’s difficult. Most will fail. If you want to support us and try our ideas, thank you so much. Regardless, we’re going to keep doing what we do best: experimenting on the frontier.

Lazy Lions custom made token works style token. Came out a good while before tokenworks started, acquired lots of Lions used it in ecosystem for custom burns and our Cub Reroll systems, along with our Lazy Studio and Lazy Edge platforms for prizes on NFL picks integrated with our quant prediction system. Soon even more with our onchain agents coming. We also hold all the Lion buys no sells, the burns only come from utility and holders have close to 50% of the supply staked.

Thanks ser, chimpers was a great way to start with lots of configuration : Old collection, migration with escrow contract, tokenworks token, staking on the legacy collection, home rarity ranking,... It's fun

Well, The TokenWorks 🤠

TokenWorks immutably stored inside of The Vessel.

The funny thing is most NFT projects have gone quiet about their Tokenworks coins lately because those tokens only produce value when people buy and sell them, which is not a real mechanism, it is just trading pressure dressed up as utility. $LAZY was built differently. It burns from action, not from buying and selling. Every time someone uses it inside the ecosystem it reduces supply in a way that is tied to real participation rather than speculation. We built that machine years ago and it does not get affected by market cycles or interest the way most tokens do. We continue to expand the coin utilities while also buying Lions, and that is before we even get into staking, where half the supply is already staked by holders, and governance, where the holders of the coin own the treasury which is loaded with $VVV gaining interest, Lions, other coins, and NFTs. Stats: 21 million total supply 1.1 million burned through actions of holders 8.6 million locked through staking 11.2 million circulating supply

Every token has a 1% trading fee. Previous tokens will still have a 50% creator, 30% TTTs, 10% TokenWorks, 10% PNKSTR split. New deploys will have 100% is distributed to TTTs and the token creator

Its getting interesting at lower prices. After about a week the claim is about $1.50 per nft ( i claimed this morning) and thats with the token volume almost non existent. If a guy had 200 nfts, thats an extra 300 bucks a week ish in passive income. And thats with hardly any tokens launched and volume low as hell. If builders launch on the platform and volume comes in, the whales will have a nice little passive income machine. Im not giving up on it yet, although I almost capitulated when tokenworks posted this morning haha. We shall see. Holding mine for now.

Yeah and also maybe try and promote and continue to work on stuff/try to make it into a legit launchpad and not leave the ppl who believed in you/tokenworks in the dust

If TokenWorks keeps building TTT instead of giving up on it, something interesting could unfold. bullish on Adam. the founders actually trying to push the NFT ecosystem forward are the ones worth backing that's what made me sweep Opepen in the first place. Adding a few more TTT around 0.02. Anyone innovating this space further has my bag and my attention and I honestly don’t care about floor. I want to see more people build. I want to motivate new builders here. let's keep building.

People...learn to read: We've seen a lot of collectors buy tons of these and we see their support and want to make it clear that these NFTs will live on in some way in the TokenWorks ecosystem even if the platform does not. The TokenWorks network has expanded by 2,000 new collectors. We're extremely grateful for anyone who participates in our ideas and do not take it for granted.

I’m not trying to FUD or say “I told you so.” But it was somewhat predictable that things would unfold like this. The products TokenWorks has been launching are generally built on hype rather than being true consumer products That’s why each new attempt tends to fail at some point. A model that is tied directly to a token isn’t really sustainable in the long run on-chain

Reminder, TokenWorks users are invited to vote on the upcoming rewards date. Casting your vote makes you eligible for a 1.25x power boost when claiming rewards. 2/3 ⤵️🧵

I was really bullish on this experiment of @token_works - It did really well 0.15 ETH ATH - It brought old NFT vibes back, made huge volume on the first 3 days making it the top collection. - But slowly the same thing, tokenworks did what they usually do - Make new experiments then stop building on it and move on to the next. Today's tweet was such an big L for the holders who have supported their project. I am really disappointed from them. Making this kind of tweet when people spend money on your project.

These NFTs will live on in some way in the TokenWorks ecosystem.

Wow, this is a shame because the concept is genuinely very cool, but I think it has some flaws and could be improved significantly. That said, it's incredible that it generated that much volume. I read that this technology actually originated with @jackbutcher , and that Tokenworks was allowed to use it, effectively launching ahead of Jack's own upcoming project. Jack is one of the sharpest minds in the space, so it'll be fascinating to see what tweaks, improvements, and strategic adjustments he makes now that he's had a front row seat to everything that happened with the TTT launch.

GG Tokenworks... have A Crypto Inspired Day 🥲

I used the only Orphan Cub I own (cub #7) to burn some $LAZY 3 times and hit the jackpot. A Lazy Hat red Ranger. Only 21 million $LAZY tokens. Over 1 million have already been burned. A 3% tax (not the 10% Tokenworks tax). And this Token fuels the Lazy Lion Ecosystem with burns and additional art and gaming. The Team uses the Tax to buy Lions for the Treasury. This Flywheel is working.

Can’t imagine Tokenworks will give up on this. And it’s quite easy to see it come back quickly when liquidity returns to NFTs, assuming there’s some strong launches, which you’d imagine they’re busy finding

the $zorg community is like tokenworks on steroids...Once there is a team /DAO this will reach stratosphere!