Clanker platform's first launch targeted, community feedback calls it a "disaster performance"

BlockBeats News, December 5—Farcaster founder Dan Romero announced that the first pre-sale project on the Clanker platform, House, was sold out within 30 seconds. Screenshots show that the hard cap for this pre-sale was only 20 ETH. However, the community has called this pre-sale a “disaster.” This is because Clanker used an outdated pre-sale contract released earlier this year, which allowed a whale to snipe the pre-sale and obtain 16 ETH (80%) of the allocation. In addition, there was no cap on the amount a single wallet could participate with, which was a major reason for the allocation being monopolized by a few. In response to the incident, Dan Romero stated that the sniping address will only be able to claim tokens after 7 days, and that future pre-sales will adopt a permissioned system to ensure fairness. At the time of writing, HOUSE has a market cap of $1 million, a trading volume of only $1.8 million, and 682 token holders.