Man, seriously… these people who are up in arms about
@bankrbot “robbing developers” need to get their head and their arguments checked.
Just echoing some points that Thosmur makes.
- The freedom of choice
No one is forcing these devs at gunpoint to sign up to Bankr to launch a token. Freedom of choice lies with the Dev, whether it be Virtuals, Clankr, Flaunch or Liquid. The choice is theirs, and ultimately the burden of research sits on the Dev's shoulder in making that decision. That includes actually knowing what you are signing up for, what the trade fee share split is.. etc.
It's disingenuous to yell out 'Bnkr is robbing devs!" when they make a conscious decision to go ahead with Bankr as their token launch of choice. If they don't like it, then don't claim the token and launch elsewhere.
It's that simple.
- "Bankr fees are too high!"
Sure, maybe in comparison to some other launchers they might be higher. But this is a very one dimensional argument which doesn't take in to account of the total value package that Bankr fund eco system provides.
The value of Bankr is having a team ready to back builders available to you, a dedicated team who keeps on shipping around the Bankr tools & skills which builders can leverage on, a 'launchpad' not just for the token but actual visual & social launch as well through Bankr socials such as
@0xDeployer ,
@Dannyhbrown ,
@igoryuzo as well as wider Bankr Base community, Bankr Ecosystem Fund announced for future support of builders, $100k in inference credits etc...
- Revenue streams
So some disingenuous people are saying Bankr is unnecessarily 'squeezing' the devs and robbing fees... But what these people are not addressing is that, they are assuming the dev's product's ONLY revenue stream is the Trading fees. What?????
This assumes the dev have no plan to actually create a revenue stream other than Bankr fees.
Well, If that was the only revenue goal in mind... I got news for you fren, the project was probably not destined to survive anyway.
What Bankr does is create 1 from 0. It allows a team with 0 startup funds, to bootstrap it with some $$$'s to give it runway for development, so that it can mature and create it's own product's revenue without havaing to go to VCs who will take a cut of your future company or product. Bankr just takes a cut of the crypto token, which *checks notes* the Bankr coin is not the product. What the dev is making is the product and should be more valuable than the Bankr coin if the Dev is worth their salt.
Why is this concept so hard to grasp? If the end goal was surviving off trading fees of the token, you'd think the dev would just launch their own crafted token to start off with, right? And yet they chose Bankr... why? Because of the aforementioned benefits beyond the split in trading fees.
Projects that were open source and developed from the own pocket of the devs, who were onboarded by Bankr now actually have revenue stream to support the building and research they love, by their supporters. Remember, before that, most open source or small time devs had ZERO revenue stream. How this equates to "robbing the devs" is mind boggling.
Bankr runs as a business, and for this reason should take a cut from the trade fees for obvious reasons. Staff expenses, infra expenses, future R&D expenses, reinvestment in the platform, Bankr Ecosystem funds, so forth and so on.
- "Deployer is arrogant and had a big head"
Well, he just speaks what's on his mind and doesn't muddy his words. A genuine straight shooter is my take. I get it, some people hate that, but maybe look at what he is building. I haven't seen Deployer stop deploying. I'd get used to it. It's always been like this since HAM days.
When there was a Bankr exploit where actual users did have their funds stolen, he did good and made them whole again. I respect that.
This is just my take, but just had to say something about the hate Bankr is getting, which seems misdirected and incorrect.
demonstrably false. builders get 100% of their products revenue. bankr gets a portion of the trading fees that fund these startups. they dont ask for any portion or stake in the company in return. so your statement is retarded.