Hi!
It looks like we’ve made a lot of new frens. Welcome to Scribble!
The last few hours have been insane for us. We have seen internet capital markets at full display.
Capital has globally coordinated to support our up and coming business as we help make companies visible on AI surfaces.
As you come with us on this journey, here are some things we want to let you know -
- This token was launched as a liquid right to make an equity investment into Scribble’s legal entity by Cyrene AI.
- Holders of this token has rights to the upside of the SPV that’s investing in us - this is ~1.5% of the company.
- We own less than 0.2% of this token’s supply - this was bought via the minting contract at launch.
More info about
@CyreneAI liquid rights here -
docs.cyreneai.com/cyreneai-c…
BUT, this community has really got us thinking - with over 2k holders of this token, what if we, Scribble, actually run this token?
A community take over, per se, by the builders of the project?
So we’re thinking -
- Every month, there is at least 5-10k worth bounties (and growing) that happen on Scribble - what if we take our fees from the bounty pool and buy back Scribe?
- We’re launching
@trykili - the ad network for AI answers. What if we put a portion of the take rate back into the token via buy back and burn?
We could take this to the next level - let’s bring flows from real world businesses (which Scribble already has, and run it via the token.
Think like
$BAT, but for AI surfaces!
What do you say
$SCRIB fam?
Get this post to 1k likes and 200k views and we’ll do it. No Cap.