a core feature of fey is immutable code, and unruggable commitments.
below, when a trading terminal was acquired, their previous commitment to buy back tokens and distribute revenue to holders was taken back - the situation changed, and the team and acquirers decided it was no longer worth it, and so token holders were left holding the bag down 99%.
part if magic of fey is that all code is in immutable smart contracts. this means that 100% of fees going towards buy backs and distributing to stakers will forever be exactly that - there is no trust required in any team.
it will operate this way, in perpetuity, forever. thatโs a powerful concept, and must not be taken lightly.
to repeat: no team or individual can change the founding mechanics of fey, which very few products and teams can say
So the next time a team promises buybacks and rev-share and ask yourself this: is this commitment permissioned (and therefore ruggable) or is it permissionless, immutable and therefore unruggable?
if you believe in permissionless, unruggable technology, then fey would love to have you in our ecosystem, as a trader, builder, token deployer, meme-er, and everything in between
and remember: the feythful will be rewarded
โณ๏ธ
https://x.com/burstingbagel/status/1981725751071105061?s=46