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

Vitalik wrote about fair sale mechanisms back in 2021. we implemented some of these insights for fair token auctions at Axis

Vitalik wrote about fair sale mechanisms back in 2021. we implemented some of these insights for fair token auctions at Axis
https://vitalik.eth.limo/general/2021/08/22/prices.html