DeFi

Listening to this and wondering...

What happened with ICOs? Public ICOs where everyone adds into a fixed price for a week or so, tokens are minted at this price? We even had the concept of "token auctions" that worked.

Token launches are completely broken and at this point. Coffee is right and the point on KOLs and insiders is true.

"What do you do?"

You do an open public ICO that's above board.

Listening to this and wondering...

What happened with ICOs? Public ICOs where everyone adds into a fixed price for a week or so, tokens are minted at this price? We even had the concept of "token auctions" that worked.

Token launches are completely broken and at this point. Coffee is right and the point on KOLs and insiders is true.

"What do you do?"

You do an open public ICO that's above board.

https://youtu.be/EqizJTbxAEM?si=n7o_Av7OjN140oUK

gotta love people pining for the good old days of 2020/21.

OK one second here. It wasn't all great, but during the end there were some really state of the art designs in on chain ICOs.

Of course, there is a ton of blame to Gary Gensler for essentially making all ICOs illegal, so people stopped doing them, but you would assume current token projects would do them.

Instead after listening to the entire interview with Hayden, they don't because the state of the art is crime, where the team literally front runs claiming if they don't do it someone else will.

OK one second here. It wasn't all great, but during the end there were some really state of the art designs in on chain ICOs.

Of course, there is a ton of blame to Gary Gensler for essentially making all ICOs illegal, so people stopped doing them, but you would assume current token projects would do them.

Instead after listening to the entire interview with Hayden, they don't because the state of the art is crime, where the team literally front runs claiming if they don't do it someone else will.

https://www.paradigm.xyz/2022/04/gda