Duke of Doge arrived with an ornate crest, a three-page manifesto, and a liquidity pool funded for the occasion. The founding wallet retained control of nearly all pool ownership.
After a brief period of enthusiastic trading, the pool’s money was withdrawn. Holders were left with tokens bearing a very handsome coat of arms and very little to trade against.
A large pool looked reassuring on launch day. The ability to remove it was the detail that mattered.