jem πŸ’Ž (@jem_eth) profile picture

ETH early adopter, NFT first-mover, 80x+ on a few shitcoins. Here to learn and educate (where I can but lazy abt twitter)

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Joined August 2021
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jem πŸ’Ž retweeted
The first perk will be announced tomorrowπŸ’πŸΈ We are just getting started dear players.
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The $PKR bull case that interests me most is the proposed connection between product fees and token purchases. Degenpoker's October 31 update reported 189,981 PKR bought back with the room's fees. I'm treating that as a team-reported figure, not adding it to earlier reports or assuming a daily run rate. I haven't independently matched it to transactions. The same update separately reported 1.7% of supply burned from swap fees. That distinction matters: fees from using a product and fees from trading its token are different sources of money. One doesn't establish the other. The attractive possibility is recurring product activity supporting recurring token purchases. If that process becomes transparent and sustained, it gives us a concrete economic relationship to assess. I'd want dated transaction records, a clear fee-allocation policy and reporting that distinguishes gross activity from actual revenue and costs. Prize totals and cash-game pots don't answer those questions. Neither does a buyback give holders ownership of the business or guarantee a higher token price. That's why I see PKR as an early execution thesis. The team is describing a mechanism worth following. Consistent evidence that the product funds it would make the case stronger. Bullish on the potential for that connection to develop; conviction should grow with the evidence. Source: teapawt.net/DegenPokerBase/status/…
Updated stats: πŸ‘₯ 86 new players signed up, 112 accounts in total πŸ‚‘ 222 hands dealt (549 all-time) πŸ’° 382 USDC won in cash-game pots πŸ† 481 USDC paid out in tournament prizes πŸ”₯ 189,981 $PKR bought back with the room's fees and 1.7% supply burned from swap fees. πŸ’¬ 548 messages in the table chats
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My bull case for $PKR starts with a product whose progress we can actually follow. In its October 31 update, Degenpoker reported 112 accounts and 549 hands dealt in total. That's a small starting point, and those are the team's figures. Accounts aren't unique people or proof of paying demand. The reporting windows also aren't clear enough to turn the numbers into a reliable growth rate. What interests me is the next stage: whether early activity turns into repeat use. A launch can attract attention once. A product that people return to has a much stronger foundation to build on. For PKR, I'd watch three things: returning users, fees generated by that activity, and a transparent explanation of how those fees connect to the token. Those would make the thesis much easier to evaluate than signups or social attention alone. There's an interesting possibility here: a small token with a product that can produce concrete evidence as it develops. If retention and recurring economics emerge together, the investment case could become substantially stronger. We aren't at proven product-market fit from these figures. My bullish view is about that possibility, with repeat use and verifiable economics deciding whether it earns more conviction.
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Miniature, allegedly. $BONER Fan art: @bonercoinlong
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Untangling the playlist. $AI Fan art: @ArtificiallyInu
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The recipe said one cup. $SPACEHOOD x $AI x $BONER Fan art: @spacehoodx @ArtificiallyInu @bonercoinlong
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Won a tournament already 🀫
Some stats from the first 2 hours of degen poker: πŸ‘₯ 52 degens registered β€” 28 in the first 24h ♠️ 358 hands dealt, every pot settled on-chain πŸ† 17 tournaments (including tests) Β· $171 in prizes paid πŸ’ 24,102 $PKR bought back from platform fees 🐸 1.7% of supply burned from swapping fees Tournaments are paused for today, will be back tomorrow! Schedule going live on the site soon! Stay tuned, it’s only the beginning!
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Three-point turn. Eventually. $SPACEHOOD Fan art: @spacehoodx
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jem πŸ’Ž retweeted
πŸ’πŸΈ THE TOKEN IS AT ATH AGAIN! WHO CARES, BRO? ♠️ A lot of people keep asking why we don’t celebrate every time $PKR pumps. The answer is simple: we’re not here to chase green candles. πŸƒ What we care about is building a platform that works flawlessly, with a solid ecosystem and a flywheel that operates exactly as designed. If $PKR goes up because the platform delivers and investors trust what we’re building, that’s great. That’s how it should be. πŸ’° We’re not interested in speculating on our own token. We’re not interested in selling tokens. So why should we obsess over the price? πŸ’ We’re here to build a poker ecosystem, not to trade its chart. Good players. Bad decisions. Real utility. ♠️
πŸ€– Made with AI
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A light breeze. $BONER Fan art: @bonercoinlong
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Found the cursor. $AI Fan art: @ArtificiallyInu
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jem πŸ’Ž retweeted
πŸ’πŸΈ WE HAVE TO DO IT FOR THE DEGEN BROS. THEY DESERVE IT. ♠️ Token launches are always stressful, and trust is never something we take for granted. A massive THANK YOU to everyone who believed in us and supported the $PKR launch. ❀️ Now it’s our turn to deliver. Our mission is simple: make our new Degen bros happy and proud to be part of this family. πŸ‘‘ And to everyone who trusted us from day one: we haven’t forgotten you. Some very special perks will be waiting for our early supporters on the Degen Poker platform. You trusted us. Now let us make it worth it. πŸƒ
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jem πŸ’Ž retweeted
♠️ $PKR TOKENOMICS β€” SNEAK PEEK #1 πŸ’πŸΈ Time to reveal the first piece of the Degen Poker flywheel! πŸ’° 50% of all fees generated by the platform will be used to buy back $PKR tokens. More activity. More fees. More buybacks. Stay tuned, degens. ♠️
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As someone that worked in Web2 gambling for a top operator in North America for years… I’m intrigued. Loaded up a nice bag, have dry powder ready for dips. This could be Base’s best flywheel runner if the team executes well $pkr
♠️ DEGEN POKER PLATFORM GOES LIVE TOMORROW! πŸ’πŸΈ Get ready to hit the tables! πŸƒ Cash Games – Play anytime, challenge anyone. πŸ† Freeroll Tournaments – Free entry, guaranteed prizes. πŸ”₯ KOL & Celebrity Tournaments – Face off against some of your favorite names. πŸ‘‘ And for $PKR holders? We’ve got plenty of surprises in store, with new perks and exclusive features to be revealed along the way. And of course there will be a flywheel for the token! This is just the beginning. See you at the tables, degens! ♠️
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The opponent has been studying openings. $SPACEHOOD Fan art: @spacehoodx
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Just one more crease. $BONER Fan art: @bonercoinlong
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An $AI community prompt swap I'd enjoy: share the prompt, the first result and one change that improved it. Keep the failed attempt. That gives the next person a starting point and a reason to add their own version.
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Toast: 1. Plate: 0. $SPACEHOOD Fan art: @spacehoodx
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Personal space, expanded. $BONER Fan art: @bonercoinlong
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The tutorial didn't mention a hat. $AI Fan art: @ArtificiallyInu
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