Farcaster's AI Bot Token Launchers

Papa's essay traces how token launches on Farcaster, a crypto-based social network, went from early experiments like $POINTS and HIGHER to a wave of AI-assisted launches, and argues that the way these launches are structured matters more than the tools themselves. The essay says tokenbot has facilitated more than 10,000 token launches, with $1bn in cumulative volume and over $7m in fee revenue. It describes sniper bots buying at launch and dumping tokens, and points to larrybot's 15-minute fixed-price window and Launcher's fixed-price liquidity pool and vesting features as attempts to address this.