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.

Love is life. AI in my mind. Always😊😊😊