🔴Update: I spent some time today and went through the on-chain data. I pulled the full holder distribution across Base, Lens, zkSync and Polygon (using the top 10,000 addresses on Polygon as a structural baseline) to see what the $Pointless economy looks like.📊 Here is where our 1 Trillion total supply sits today:Polygon (Balances >5M): 2,408 wallets | 475.74 Billion tokens (47.6% of supply)
Polygon (Balances ≤5M): 115,000+ wallets | 383.22 Billion tokens (38.3% of supply)
Base (All holders): 116 wallets | 115.33 Billion tokens (11.5% of supply)
Lens (All holders): 506 wallets | 23.56 Billion tokens (2.4% of supply)
zkSync (All holders): 12 wallets | 2.15 Billion tokens (0.2% of supply)My suspicion is that the ≤5M pool contains the heavy bot-cluster wallets. This is where a line could be drawn for a V2 migration filter. The downside, this cohort undoubtedly contains completely legitimate, smaller users or early Polygon community members who are just holding passively.💡 Key TakeawaysThe Community Is Strong: If we group all wallets on Base, Lens, zkSync, and Polygon addresses holding strictly over 5M tokens, this group controls 616.78 Billion tokens—roughly 61.7% of the total supply. The Bot Overhead is smaller than I thought: While wallets holding exactly 5M tokens bloat our unique wallet metrics, economically they only represent a tiny 38.3% of the total supply.🗺️ Conclusion & Discussion
Is the Juice Worth the Squeeze? A V2 migration that draws a line at ≤ 5M on Polygon would result in a 38.3% permanent supply burn. Given that the community safely holds nearly 62% of the project, do we still want to pursue the V2 migration overhead, or should we focus our energy on growing the V1 ecosystem?
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🔴 $Pointless - Hard truths and a proposal for a path forwardHey everyone, this is probably my longest post ever, but I want to take some time to address some economic hard truths about the $Pointless project. First of all, I think I can speak for all active $Pointless holders here when I say that we want to see the project and community prosper. Unfortunately though, I have reached the conclusion that under our current structure, it will be very hard to see that happen.📜 The History: How We Got HereWhen $Pointless was first launched, the token distribution was done by a massive airdrop to 125,000 addresses on the Polygon chain. This was before Lens migrated to its own network. The reality is that estimates show only about 5,000 to 10,000 of those were actual Lens profiles. The remaining 110,000+ addresses were Sybil accounts and bots, with the vast majority of ordinary allocations sitting untouched at 5 million tokens per wallet. Currently, there is no usable exit liquidity on Polygon, so these tokens are effectively “trapped” for now.💥 The Problem: What Blocks Us From Growing EconomicallyThe problem is that if we, as a community, add liquidity on Lens (e.g. adding to the ETH/$Pointless pool on Oku Trade), we run the massive risk of creating a "honey pot." The moment our pools get deep enough, thousands of dormant bots could wake up, bridge over from Polygon, drain the ETH reserves, and use our community as their exit liquidity. This structural overhang acts as a permanent ceiling on our price growth. To understand the sheer size of this overhang, consider the numbers: Polygon holds the total supply of 1 trillion tokens (minus what has been bridged out). Meanwhile, Lens has only 23.5 billion tokens bridged over, and Base has 108.8 billion. 💡 My Proposal: The $Pointless EvolutionI think we as a community have to make a decision. Either we keep everything as is and agree that $Pointless will for a very long time remain economically “pointless”, a meme token with no value, or we choose to do something about it.My proposal is to discuss the opportunity of a token migration. We take a snapshot of active users and liquidity providers and airdrop a V2 Pointless token exclusively to these active community members after a set deadline. The old V1 supply (and the thousands of dormant bot wallets holding it on Polygon) will be completely left behind on the legacy contract. They will be permanently locked out, and the new V2 market cap will become 100% clean from day one. I know a V2 migration is a bold step and requires effort, but it ensures that future liquidity directly rewards the real people building this culture, not ghost wallets from years ago. I would love to hear what you all think about this idea! Let's discuss in the thread below 👇
Cooking something
testing smth. don’t mind me
POINTLESS Badge? 👀
testing smth. don’t mind me
👀👀👀
testing smth. don’t mind me
🔴Update: Wow, thank you everyone for the incredible engagement and the 15-1 vote so far!We have the support from @sydney_bro and @kipto to explore this, but as 
@dankshard and @paulburke rightly pointed out, the devil is in the details. We have two major hurdles to think about to ensure this is done right:1. Tackling Centralization & Holder Distribution: We need to be careful that a migration does not hyper-concentrate the supply into a tiny handful of hands, which will scare off future investors.2. Honoring the Crypto Ethos: @paulburke raises a profound philosophical point about not alienating passive holders or open-market buyers who just aren't active on Lens right now.The Next Step: To design a V2 migration that is fair, decentralized and bot-free, we need to analyze the holder data and design migration guidelines that take the above into consideration. Let's work together to look at the metrics next!
🔴 $Pointless - Hard truths and a proposal for a path forwardHey everyone, this is probably my longest post ever, but I want to take some time to address some economic hard truths about the $Pointless project. First of all, I think I can speak for all active $Pointless holders here when I say that we want to see the project and community prosper. Unfortunately though, I have reached the conclusion that under our current structure, it will be very hard to see that happen.📜 The History: How We Got HereWhen $Pointless was first launched, the token distribution was done by a massive airdrop to 125,000 addresses on the Polygon chain. This was before Lens migrated to its own network. The reality is that estimates show only about 5,000 to 10,000 of those were actual Lens profiles. The remaining 110,000+ addresses were Sybil accounts and bots, with the vast majority of ordinary allocations sitting untouched at 5 million tokens per wallet. Currently, there is no usable exit liquidity on Polygon, so these tokens are effectively “trapped” for now.💥 The Problem: What Blocks Us From Growing EconomicallyThe problem is that if we, as a community, add liquidity on Lens (e.g. adding to the ETH/$Pointless pool on Oku Trade), we run the massive risk of creating a "honey pot." The moment our pools get deep enough, thousands of dormant bots could wake up, bridge over from Polygon, drain the ETH reserves, and use our community as their exit liquidity. This structural overhang acts as a permanent ceiling on our price growth. To understand the sheer size of this overhang, consider the numbers: Polygon holds the total supply of 1 trillion tokens (minus what has been bridged out). Meanwhile, Lens has only 23.5 billion tokens bridged over, and Base has 108.8 billion. 💡 My Proposal: The $Pointless EvolutionI think we as a community have to make a decision. Either we keep everything as is and agree that $Pointless will for a very long time remain economically “pointless”, a meme token with no value, or we choose to do something about it.My proposal is to discuss the opportunity of a token migration. We take a snapshot of active users and liquidity providers and airdrop a V2 Pointless token exclusively to these active community members after a set deadline. The old V1 supply (and the thousands of dormant bot wallets holding it on Polygon) will be completely left behind on the legacy contract. They will be permanently locked out, and the new V2 market cap will become 100% clean from day one. I know a V2 migration is a bold step and requires effort, but it ensures that future liquidity directly rewards the real people building this culture, not ghost wallets from years ago. I would love to hear what you all think about this idea! Let's discuss in the thread below 👇
I support the proposal in principle but there are several gotchaa here... First of all, how do you qualify an active user? There are several people in the community and early contributors that may not have been active in the last one year or so... But anyways, using any criteria is guaranteed to upset some users...Then token migration is yet another story... Having said that, if the community supports this proposal, we can work it out
🔴 $Pointless - Hard truths and a proposal for a path forwardHey everyone, this is probably my longest post ever, but I want to take some time to address some economic hard truths about the $Pointless project. First of all, I think I can speak for all active $Pointless holders here when I say that we want to see the project and community prosper. Unfortunately though, I have reached the conclusion that under our current structure, it will be very hard to see that happen.📜 The History: How We Got HereWhen $Pointless was first launched, the token distribution was done by a massive airdrop to 125,000 addresses on the Polygon chain. This was before Lens migrated to its own network. The reality is that estimates show only about 5,000 to 10,000 of those were actual Lens profiles. The remaining 110,000+ addresses were Sybil accounts and bots, with the vast majority of ordinary allocations sitting untouched at 5 million tokens per wallet. Currently, there is no usable exit liquidity on Polygon, so these tokens are effectively “trapped” for now.💥 The Problem: What Blocks Us From Growing EconomicallyThe problem is that if we, as a community, add liquidity on Lens (e.g. adding to the ETH/$Pointless pool on Oku Trade), we run the massive risk of creating a "honey pot." The moment our pools get deep enough, thousands of dormant bots could wake up, bridge over from Polygon, drain the ETH reserves, and use our community as their exit liquidity. This structural overhang acts as a permanent ceiling on our price growth. To understand the sheer size of this overhang, consider the numbers: Polygon holds the total supply of 1 trillion tokens (minus what has been bridged out). Meanwhile, Lens has only 23.5 billion tokens bridged over, and Base has 108.8 billion. 💡 My Proposal: The $Pointless EvolutionI think we as a community have to make a decision. Either we keep everything as is and agree that $Pointless will for a very long time remain economically “pointless”, a meme token with no value, or we choose to do something about it.My proposal is to discuss the opportunity of a token migration. We take a snapshot of active users and liquidity providers and airdrop a V2 Pointless token exclusively to these active community members after a set deadline. The old V1 supply (and the thousands of dormant bot wallets holding it on Polygon) will be completely left behind on the legacy contract. They will be permanently locked out, and the new V2 market cap will become 100% clean from day one. I know a V2 migration is a bold step and requires effort, but it ensures that future liquidity directly rewards the real people building this culture, not ghost wallets from years ago. I would love to hear what you all think about this idea! Let's discuss in the thread below 👇
Great points here!!!Check this proposal by @superluminal
🔴 $Pointless - Hard truths and a proposal for a path forwardHey everyone, this is probably my longest post ever, but I want to take some time to address some economic hard truths about the $Pointless project. First of all, I think I can speak for all active $Pointless holders here when I say that we want to see the project and community prosper. Unfortunately though, I have reached the conclusion that under our current structure, it will be very hard to see that happen.📜 The History: How We Got HereWhen $Pointless was first launched, the token distribution was done by a massive airdrop to 125,000 addresses on the Polygon chain. This was before Lens migrated to its own network. The reality is that estimates show only about 5,000 to 10,000 of those were actual Lens profiles. The remaining 110,000+ addresses were Sybil accounts and bots, with the vast majority of ordinary allocations sitting untouched at 5 million tokens per wallet. Currently, there is no usable exit liquidity on Polygon, so these tokens are effectively “trapped” for now.💥 The Problem: What Blocks Us From Growing EconomicallyThe problem is that if we, as a community, add liquidity on Lens (e.g. adding to the ETH/$Pointless pool on Oku Trade), we run the massive risk of creating a "honey pot." The moment our pools get deep enough, thousands of dormant bots could wake up, bridge over from Polygon, drain the ETH reserves, and use our community as their exit liquidity. This structural overhang acts as a permanent ceiling on our price growth. To understand the sheer size of this overhang, consider the numbers: Polygon holds the total supply of 1 trillion tokens (minus what has been bridged out). Meanwhile, Lens has only 23.5 billion tokens bridged over, and Base has 108.8 billion. 💡 My Proposal: The $Pointless EvolutionI think we as a community have to make a decision. Either we keep everything as is and agree that $Pointless will for a very long time remain economically “pointless”, a meme token with no value, or we choose to do something about it.My proposal is to discuss the opportunity of a token migration. We take a snapshot of active users and liquidity providers and airdrop a V2 Pointless token exclusively to these active community members after a set deadline. The old V1 supply (and the thousands of dormant bot wallets holding it on Polygon) will be completely left behind on the legacy contract. They will be permanently locked out, and the new V2 market cap will become 100% clean from day one. I know a V2 migration is a bold step and requires effort, but it ensures that future liquidity directly rewards the real people building this culture, not ghost wallets from years ago. I would love to hear what you all think about this idea! Let's discuss in the thread below 👇
🔴 $Pointless - Hard truths and a proposal for a path forwardHey everyone, this is probably my longest post ever, but I want to take some time to address some economic hard truths about the $Pointless project. First of all, I think I can speak for all active $Pointless holders here when I say that we want to see the project and community prosper. Unfortunately though, I have reached the conclusion that under our current structure, it will be very hard to see that happen.📜 The History: How We Got HereWhen $Pointless was first launched, the token distribution was done by a massive airdrop to 125,000 addresses on the Polygon chain. This was before Lens migrated to its own network. The reality is that estimates show only about 5,000 to 10,000 of those were actual Lens profiles. The remaining 110,000+ addresses were Sybil accounts and bots, with the vast majority of ordinary allocations sitting untouched at 5 million tokens per wallet. Currently, there is no usable exit liquidity on Polygon, so these tokens are effectively “trapped” for now.💥 The Problem: What Blocks Us From Growing EconomicallyThe problem is that if we, as a community, add liquidity on Lens (e.g. adding to the ETH/$Pointless pool on Oku Trade), we run the massive risk of creating a "honey pot." The moment our pools get deep enough, thousands of dormant bots could wake up, bridge over from Polygon, drain the ETH reserves, and use our community as their exit liquidity. This structural overhang acts as a permanent ceiling on our price growth. To understand the sheer size of this overhang, consider the numbers: Polygon holds the total supply of 1 trillion tokens (minus what has been bridged out). Meanwhile, Lens has only 23.5 billion tokens bridged over, and Base has 108.8 billion. 💡 My Proposal: The $Pointless EvolutionI think we as a community have to make a decision. Either we keep everything as is and agree that $Pointless will for a very long time remain economically “pointless”, a meme token with no value, or we choose to do something about it.My proposal is to discuss the opportunity of a token migration. We take a snapshot of active users and liquidity providers and airdrop a V2 Pointless token exclusively to these active community members after a set deadline. The old V1 supply (and the thousands of dormant bot wallets holding it on Polygon) will be completely left behind on the legacy contract. They will be permanently locked out, and the new V2 market cap will become 100% clean from day one. I know a V2 migration is a bold step and requires effort, but it ensures that future liquidity directly rewards the real people building this culture, not ghost wallets from years ago. I would love to hear what you all think about this idea! Let's discuss in the thread below 👇
I don't know who is behind this but be safe... It could be a scam
$Pointless on Robinhood 👀ttps://orb.club/t/robinhood/pointless
$Pointless on Robinhood 👀ttps://orb.club/t/robinhood/pointless
