In Jeet Hell with Vader

The Spaces focused on discussions related to the Virtual Ventures ecosystem, particularly the mechanisms of token selling and potential improvements in the systems such as 'JIT Hill.' Lana introduced Vader, the founder of Vader AI, who shared insights on enhancing community engagement by extending punishment durations and evaluating token sales based on dollar value instead of the number of tokens. The conversation also touched on the role of early investors in creating market stability and the importance of thoughtful investment strategies. Challenges in assessing project tiers, investment decisions, and maintaining fairness within the ecosystem were discussed, highlighting a desire for balance between rewarding loyal investors and enabling new market entries.

Virtual Ventures Discussion Summary

Introduction

The virtual event began with Lana from Virtual Ventures introducing the panel, which included Shikai, part of Versus Ventures, and the guest, Vader, a prominent figure in the virtual ecosystem and founder of Vader AI.

Discussion Highlights

G Chill System

Lana highlighted a tweet by Vader proposing improvements to the current digital system's penalties for selling tokens. The current system imposes a fixed penalty whether one sells 1% or 100% of holdings. Vader proposed extending the maximum penalty from 10 days to 30 days and adding a penalty parameter based on the dollar value of sold tokens rather than just the quantity or percentage.

• Vader's Points: Extending penalties ensures market stability and punishes large-scale sales more proportionately. Implementing a more comprehensive penalty framework could diminish the appeal of sniping tactics and encourage long-term participation.
• Shikai's Concerns: Designs aimed at preventing civil-resistant behaviors like using multiple wallets might face challenges, pointing out the potential for bypassing penalties.

Market Evaluation and Snipers

Shikai also raised considerations around market behaviors and the balance of encouraging long-term engagement while allowing fair market dynamics.

• Vader's View: Encouraging community longevity with vested interest disrupts centralized exchanges. Community engagement and holding patterns influence the token's market behavior.
• Shikai's View: Hydra-like market behaviors could detract from organic price discovery; balancing incentives for behavior shaping and market-driven value evaluation is crucial.

Tier Rankings and Investment Criteria

The discussion shifted towards Vader's method for tier ranking projects within the Virtuals ecosystem, focusing on how projects are evaluated before launch.

• Vader's Approach: Factors for tier ranking include founders' histories, Twitter profiles, social engagement, and whether previous projects were abandoned. High tier projects often have a strong team with a verifiable track record, clear product aims, and good initial traction.
• Shikai's Insights: Highlighted VC evaluation as case-specific, emphasizing team history, market potential, and unique insights into disrupting existing markets.

Community and Market Dynamics

The dialogue touched on risk management and how prior market contexts influence current decision-making.

• Vader's Insight: Long-term market participation is valued to mitigate asymmetric risk, advocating a 30-day penalty to deter rash exit strategies after substantial gains.
• Nick's Experience: Shared personal strategies in navigating periodical market downturns while identifying resilient projects, underscoring adaptive approaches in volatile market periods.

Closing Remarks

The conversation concluded with reflective insights from the panelists on market behaviors, community strategies, and the evolving nature of virtual ecosystems. Lana thanked all participants for their contributions and announced the continuation of weekly syncs.