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🚨 Announcement about Bracky 🚨
Our team is searching for the next step with @BrackyHQ – a beloved and heavily-used prediction market agent + app that has been live on Base for 2+ years.
Bracky books bets directly from any social space where people can message with text, making betting 10x more convenient and social than traditional apps.
My DMs open if you have ideas of where our tech could add the most value.
Below is what I wrote to our core community on Farcaster/Base:
Gm Farcaster. I've got some important news from the Bracky team.
We're going to be taking Bracky agent + markets temporarily offline following tonight's games, while we figure out what to do next.
The precipitating cause is that the members of our team want to go forward in different directions. There is absolutely zero drama – John, Max, and I are extremely proud of the huge number of fun experiences we've put out there over the last 2.5 years, and we've loved shipping together, growing together, and going through good times and bad together. We wouldn’t trade that for anything. We've made a great team.
But this moment in crypto is full of change, and this moment in history is full of opportunity. It's a time when we all owe it to ourselves and to each other to be 110% committed to whatever we are building. The time is that significant and decisive.
Bracky has a *lot* of stakeholders (100K+ at last count), so I want to be extremely public and transparent about what's next.
We are going to take exactly one week to explore whether there is a way of landing Bracky that is exciting for us, and gives it a chance to create more significant value for users and $bracky holders. If we can't find the right partner or direction we believe in by March 6th, we will then announce publicly that our team will no longer be building products that support the $bracky token.
All along, we have resisted financing our operations via market sells of the $bracky token, wanting instead to maximize our potential for creating value for the token by making it as up-only as possible. So we funded our operations with both outside capital and with our own personal capital. We genuinely believe that this was and is our path to a world-changing outcome, rather than a middle of the road one.
And now too, we will *not* be selling any of our treasury token until we have made decisive public announcements that give our holders a chance to take the actions they want on their own holdings first. Specifically, if we do go the path of winding down, we will not sell any of the tokens we bought from the market until *after* the public announcement on March 6. (Since we did not airdrop ourselves any of the tokens we own, this is essentially just a way recouping funds that would otherwise sit dormant in the LP.)
What should you do between now and March 6th, when we will let everyone know what our next step is?
+ Feel free to DM me any ideas or intros you have for pushing Bracky forward. I can't promise I will be able to do every call, but it’s always great to crowd-source opportunities.
What should you *not* do between now and then?
+ Please do *not* try to poke around for inside information about what we will do or not do before we announce that publicly next week. We have so many legitimate stakeholders, we don’t want to be put in a situation of privileging some more than others.
I want to reiterate that there are various scenarios here where we end up choosing to *not* move forward in supporting $bracky; and there are other scenarios where we find something that we believe can push $bracky forward stronger. Even our own team does not know which will happen, so keep that in mind for how you decide to buy and sell the token from here on out.
Thank you guys. As our whole industry is experiencing right now, these moments of rapid change can be tough. But we want to deal with ours in the way we've tried approach everything, good and bad, over the last few years: in an aggressive, honest, and communal spirit.
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