Solana (SOL)

Today on MCG: @PopPunkOnChain | @pumpcade | solana:Eg2ymQ2aQqjMcibnmTt8erC6Tvk9PVpJZCxvVPJz2agu

Pop Punk came back on MCG to give updates on Pumpcade, the prediction market for instant-resolution markets as short as 60 seconds, focused only on markets that resolve through verifiable data

Built on @solana

Highlights include:

00:14 - Raised another $5M since the last MCG appearance
00:37 - First project to do the ACE round, which has since become a trend
03:06 - PopPunk's background
04:21 - Solo-built the product for 6 months without paying himself, then won the Pump Fun Hackathon
05:32 - The ACE round mechanic
06:33 - "We wanted CT degens to sit on the same cap table as top-tier S-tier investors"
09:30 - Final ACE numbers (6-7% of total supply converted for equity, locked for 1 year. Combined with 10% investor allocation = 16% of supply locked for 12 months)
19:23 - The product thesis
20:48 - Polymarket criticism
22:55 - GTM strategy
30:51 - "The only place to build our consumer application right now is ..."

Solana foundation just has to not fumble this inference capital markets thing and we get another round of capital formation