The Printr project's $PRINT token sale is oversubscribed, and its Proof of Belief mechanism is highly innovative; the author is bullish on its potential.
$print sale is live, but the interesting part is not the sale itself
it's how @printr tries to tie creators, holders & fees together (there is new concept called Proof of Believe)
here's what you need to know about the project & the sale
i'll go through:
→ what printr is
→ what printr is trying to fix
→ is this proof of believe good of something
→ $PRINT sale details
→ what i would watch next
▫️what printr is
i first looked at printr as another token launchpad, but it looks a bit wider than that.
printr is a chain-abstracted launchpad where anyone (including ai agents 😀) can launch, trade, & stake tokens across 8+ chains.
that includes solana, base, bnb, ethereum, monad, avax, mantle, & arbitrum.
the idea is simple:
launch a token once, then make it easier to move & trade across chains.
creators also get more control over how their token starts, they can:
i) set fees
ii) adjust bonding curves
iii) route rewards
iv) shape liquidity from the beginning
▫️what printr is trying to fix
the launchpad space has an issue:
tokens are easy to create, but there is no pressure to stay committed after launch.
we've seen dozens of pump fun tokens that died, along w/ my bags…
a lot of creators launch fast, collect attention, then move on (and i do understand that part too, but it feels only like extraction ffs)
that leads to spam, short cycles, & weak trust.
traders chase momentum and holders have no reason to stay.
everything becomes short-term.
now, printr tries to shift that by changing how incentives work at the base level.
and how they actually plan to do that is here 👇
▫️what pob changes
pob stands for proof of belief - something new here…
it introduces staking tied directly to the token:
• creators can enable staking for their token
• fees generated can flow to stakers
• creators can stake alongside the community
• staking data is visible onchain
this creates a simple signal:
i) if a creator stakes, they show commitment.
ii) if holders stake, they show conviction.
iii) if nobody stakes, that also says something.
here's another interesting part:
iv) if the creator exits, the staking system still runs.
the community can keep the token alive instead of restarting everything.
so the system does not fully depend on the original creator…
▫️the $print sale
the sale has started on this page
https://t.co/fWYSZWpIlU
⚠️ you need a sonar account (that means you need to be kyc'ed)
the $PRINT sale runs through them, and that means $USDC on solana.
details:
• commit window: apr 28, 12:00 utc → may 1, 12:0 utc
• price: $0.50
• supply: 4,000,000 tokens
• share: 4% of total supply
• target raise: $2,000,000
• fdv: $50,000,000
• min commit: $200
• max commit: $200,000
• allocation: pro-rata* allo
• vesting: 100% unlocked at tge
*pro rata means everyone gets a share based on how much they put in, not based on timing
allocation is calculated after the window closes.
if demand goes above $2 mil, everyone gets scaled down proportionally and extra usdc gets refunded.
tokens are later claimed to the same wallet used to commit.
kyc is required through sonar before participating like i said, so you might want to go there first if you don't nave sonar acc.
▫️what i would watch next
i'm not paid by the team, i just thing the numbers look solid and i like 'em + the way it's launched:
10,000+ tokens launched
$150m+ trading volume
50,000+ daily active users
imho, this could work further if we see these being accomplished:
i) staking keeps holders engaged → activity stays inside the system
ii) creators stake their own tokens → alignment becomes visible
iii) fees go to stakers → holding starts to make sense
iv) cross-chain usage grows → more volume flows through printr