I have spent the last year advising teams on token mechanism engineering.

Two weeks ago, I made a proposal to a team I’m advising for achieving a super fair distribution of its tokens. It incorporates years of learnings from being part of DAOs.

Build baskets. Track performance. Earn fees. 

Built for @base -- a project by the @percs team.

No token launch (yet)

Humanist, lovepunk, engineer, experience producer, musician, angel. DAOs since ‘16. Experimenting with human protocols, trust networks & decentralized societies

Are you planning to share it? I'd love to look into different mechanisms for @basketdotfarm .

DeFi maxi. Building @basketdotfarm on @base.

Will publish once built for sure. Otherwise happy to advise.

Fair launch already exists. How did you do anything different?

product & marketing @teller 





























































hosting /kieran /usdc /loans /disclosure 🛸

What do you define as fair launch?

Btw actually I hate the term fair launch and now I feel terrible that I used that word in my tweet.

I should have said equitable.

Btw what’s fair for you might not be fair to me or vice versa.

Fairness is subjective!

No. There is a literal “fair launch” distribution model that is used in the majority of SAFTs.

A "fair launch SAFT allocation" refers to the distribution of tokens through a Simple Agreement for Future Tokens (SAFT) where the allocation of tokens to investors is considered equitable, meaning there's a balanced distribution amongst early-stage backers, usually with a focus on preventing any single entity from gaining an overly significant portion of the total token supply, aiming to create a more level playing field when the tokens are eventually released to the public market.

https://www.investopedia.com/terms/s/simple-agreement-future-tokens-saft.asp#:~:text=from%20the%20issuer.-,The%20Bottom%20Line,author%20does%20not%20own%20cryptocurrency.

Fair launch is marketing…

What is that literal “fair launch” that you are referring to with the majority of SAFTs? Any doc to read?