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ManuAlzuruš„
@manu
I have spent the last year advising teams on token mechanism engineering. Two weeks ago, I made a proposal to a team Iām advising for achieving a super fair distribution of its tokens. It incorporates years of learnings from being part of DAOs.
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Chinmay š¹ļøšæ
@chinmay.eth
Are you planning to share it? I'd love to look into different mechanisms for @basketdotfarm .
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ManuAlzuruš„
@manu
Will publish once built for sure. Otherwise happy to advise.
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Kieran Daniels š©
@kdaniels.eth
Fair launch already exists. How did you do anything different?
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ManuAlzuruš„
@manu
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 whatās fair for you might not be fair to me or vice versa. Fairness is subjective!
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Kieran Daniels š©
@kdaniels.eth
No. There is a literal āfair launchā distribution model that is used in the majority of SAFTs.
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ManuAlzuruš„
@manu
Fair launch is marketingā¦ What is that literal āfair launchā that you are referring to with the majority of SAFTs? Any doc to read?
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Kieran Daniels š©
@kdaniels.eth
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.
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