Key Notes
- Dan Finlay introduced CONSENT token focusing on user consent and autonomy.
- Finlay criticizes Clanker and praises Pump.fun for more reliable developers and better return.
- CONSENT sees over $85 million in trading volume on Solana with a 99% price increase in 24 hours.
MetaMask co-founder Dan Finlay has introduced a new token to the crypto space named CONSENT. This token emphasizes user consent and autonomy. Built on Clanker within the Farcaster ecosystem, it seeks to address user rights in the age of artificial intelligence. While meme coins are typically known for their humor, CONSENT combines this lightheartedness with cultural commentary and a deeper message.
Platform Rivalry: Clanker vs. Pump.fun in the Battle for CONSENT
Dan Finlay stated that there are two tokens called CONSENT, as they are available on both Base and Solana. He mentioned that only one of those tokens will prevail in the end, and the obvious one so far is on Clanker. However, he cautioned that Clanker users might face scams, contrasting this with Pump.fun developers, whom he praised for their credibility and commitment. Finlay also noted that crowdfunding is not viable under Clanker’s model. He explained:
“There are two tokens called CONSENT, and only one will win in the end. So far, the obvious result is: on Clanker, there will be a lot of people rushing and Rugging; on Pump.fun, at least the developers are the real founding members. For example, it is impossible to crowdfund an organization using Clanker’s model. So far, even though the amount I invested in Pump.fun is only a small part of Clanker, the income has been several times what I lost on Clanker.”
In response to Finlay’s comments, Clanker acknowledged his feedback on their platform, stating that he tested both their platform and Pump.fun simultaneously. They promised to improve based on his suggestions. Despite his critique, Clanker noted that Finlay still earned over $26,000 in ETH.
tonight @danfinlay tried clanker and https://t.co/KFBFaMMcm0 at the same time
he gave us some good notes and we’ll use them to improve our product
dan didn’t have a good experience, but he did earn over $26k in ETH alone.
gn, clanker is off, shipping new factory tomorrow pic.twitter.com/zRB3JhznYW
— clanker ~ autonomous memes ~ (@_proxystudio) November 27, 2024
Solana’s Dominance: CONSENT’s Rapid Rise and Expanding Usability
The Solana platform has seen more activity in trading CONSENT tokens than Base, with a higher market value and over $85 million in trading volume within the first few hours of launch. According to Gecko Terminal, the token’s price on Solana has risen by over 99% in the past 24 hours.
A CONSENT liquidity pool has been set up on Raydium Liquidity, which will further open the token to a wider audience and increase its usability within the Solana ecosystem.
Finlay is not stopping the project at the launching stage. He has also continued to actively engage with his audience on Warpcast. He went on to compare Warpcast’s experience with Solana’s, emphasizing the competition.
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Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor’s and master’s degrees in linguistics. When not writing, he trades forex and plays video games.
