The co-founder of Metamask, Dan Finlay, launched a new token named Consent on Solana and Base, which focuses on user consent and autonomy.
The Consent ($CONSENT) token was conceptualized by Finlay on Clanker on Farcaster to promote user consent in the age of Artificial Intelligence. The token falls under memecoins and addresses the right to intellectual property and “consent to share and train AI”. Finlay describes the token as an “ambiguous consent” framework in the blockchain and Web 3 ecosystem.
Although the Consent token is available in both Solana and Base, users are trading the token on Solana more than on Base. Solana is also witnessing a higher market value for Consent than Base, with a $50.01K volume in the last 5 hours since the token’s launch. Looking at the bonding curve, it is pretty evident that there is a steady increase in adoption for the token on the Solana chain.
CONSENT Token Trading Activity: Initial market volatility displayed on Raydium | Source: crypto.news
Furthermore, the token’s liquidity pool has been set up on the Raydium Liquidity Pool, which will improve the token’s visibility and usability in the Solana ecosystem.
Finlay has not stopped at just the token launch but is actively engaging with his audience on Warpcast by drawing comparisons between Warpcast vs Solana memecoin experiences, hinting at a competitive narrative.
<iframe src="https://warpcast.com/danfinlay/0x8a557738" frameBorder="0"></iframe><br>Brought to you by <a href="" target="_blank"></a>
Community Engagement:
The co-founder’s launch of Consent has also opened discussions on the many challenges and opportunities associated with different platforms. He has been vocal about his support towards Pump.fun while voicing out concerns about Clanker, a meme distribution platform on the Base ecosystem.
You might also like: 12-year-olds, shotguns, and threats: Pump.fun’s livestream misuse leaves the community stunned
In a recent post on Farcaster, Finlay brought attention to the blockchain community on running the risk of being “front-run and rugged” on the Clanker platform. He refers to how some individuals could manipulate the system for their own benefit, posing a threat to new projects and early supporters incurring losses.
Dan Finlay critiques Clanker’s token model, emphasizing the risks of front-running and rug pulls, while praising Pump.fun for fostering trust with developer-led initiatives. | Source: crypto.news
On the other hand, he mentioned how Pump.fun provides a more trustworthy model since the developer is the founding member. He also observed that crowdfunding through Clanker is nearly impossible due to its vulnerabilities.
Read more: Pump.fun’s community notice has brought in urgent moderation changes
