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.

Actually I really dislike the term “fair launch” and now I feel terrible that I used those words in my tweet.

I should have said equitable.

Remember, what’s considered fair to you might not be fair to me or vice versa.

Fairness is subjective!

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

PRESTO LABS INC

There's been some discourse about "fair launch tokens" and their use for funding long-term projects.

Here are my thoughts on the topic:

1. Comparing token launches as a fundraising mechanism to venture capital is missing the point. People who launch tokens often can't or don't want to raise venture capital, and thus the economics of the team vs. community allocation should be fundamentally different. You should give away *far* more of the fair launch token supply than you would give away equity for a venture-backed company. Different entities need different fundraising mechanisms.

Hey Manu 👋🏼 

I shared some thoughts on “fair launch tokens” recently and am curious to hear your feedback 

This was pure stream of consciousness and there were probably gaps in my thinking - but curious to get your take!

Hey Manu 👋🏼 

I shared some thoughts on “fair launch tokens” recently and am curious to hear your feedback 

This was pure stream of consciousness and there were probably gaps in my thinking - but curious to get your take!
https://warpcast.com/zd/0x038c9904