Dear Crypto Caesar,
As you’ve come to learn over these last few months, the holders that remain in Jailstool are your normal run of the mill people. We have jobs, we have families, we have real communities that we contribute to. And now, because of you, we have a new extended family that we are a part of. Many of us have already met in real life, and many others have future plans to this summer. All the interactions you continue to have with us at events in the future will only solidify what you already see to be true. We are good people.
You’ve stated multiple times that you wish you knew how to help us, you just don’t know how. A group of nearly 50 holders have put a lot of thought into this very question, because it has to be answered without us asking for the one thing I told you we would never ask you for on DDTG via superchat a few months ago, your money. We are riding with you until the wheels fall off! Will you ride with us?
We believe that we have identified the best way to help Jailstool holders without opening anyone (us, you, other Jailstool holders at barstool, etc) up to the typical downsides of a token launch, while still allowing for some of the costs associated. It rewards the stoolies, the people that have rode with you this entire time, and put faith in your “big brain” plan, like you asked us to. It also keeps the professional snipers as far away from your new coin as is conceivably possible. It is the fairest way to launch your coin.
We suggest that IF/WHEN you launch barstool’s official crypto coin, you do so with a .9:1 airdrop to Jailstool holders. i.e., for every 100 of Jailstool in a wallet, it gets 90 of barstool coin. The barstool coin would have a supply of 1B, like jailstool does, so you’d still be targeting $1 for a billion market cap. This allows current Jailstool holders to migrate to the official coin, but allows 10% of supply to be used for exchanges, marketing, some more tokens for yourself, whatever, and is a number that, even if totally dumped on retail, would not screw the little guy. We think this approach best balances the competing priorities/interests in this situation.
We recommend using a point-in-time snapshot of wallet holdings to make this determination. For example, you can announce, “Jailstool holders as of a yet to be determined date will be airdropped barstool coins based on their holding on that date.” @krakenfx would be able to assist with this.
The FOMO you’d create just from this announcement will cause jailstool to rip, and might even be enough to send us to Yacht Party territory! Once the coin is launched, we think adding value to the coin will be easy. Holder/specific events, raffles, discounts, merch, etc. Like Trump recently announced, activities that involve you and other barstool talent will produce insane demand, raising the price, which then attracts new buyers/holders, further raising the price. This is a win/win scenario, and adds “crypto god” to your existing accolades like sports media legend, gambling genius, small business savior, etc.
Thanks for taking the time to hear us. We look forward to hearing from you.
– Crypto Caesar’s Army
Source: https://x.com/HouseGreear/status/1915771012001456445