As a seasoned crypto investor who has witnessed the ups and downs of the market, I wholeheartedly agree with Hayden Adams’ eight key considerations for ethical token launches. Transparency and fairness are essential in building trust within the community and ensuring long-term success.
Hayden Adams, the founder of Uniswap, presented his eight key considerations for ethical token launches; these implications arose from recent public criticism within the crypto community on token transparency and fair distribution.
Adams strongly advocates for honesty, clarity, and avoiding deceitful practices. Adding questionable tokens to increase pool size and falsely inflate numbers is a behavior that should be avoided. He urges project leaders to rely on factual data instead of relying solely on rumors or anecdotal evidence when communicating. Furthermore, he suggests steering clear of appeals to emotions and intuition in favor of a more rational and evidence-based approach.
Not aimed at any specific project, but have seen a ton of discourse recently on the topic so figured I’d share my take on good token distributions:
1) tokens, not points
2) don’t farm the farmers – teasing and creating ambiguity around a token distribution to grow your numbers…
— hayden.eth 🦄 (@haydenzadams) May 4, 2024
One challenge is making sure the team has enough funds for routine expenses. To address this, Adams proposes putting up an adequate amount of tokens on Decentralized Exchanges (DEXs) to reach the desired market price. Moreover, he strongly argues for a decentralized approach over a centralized one, as he believes the latter could lead to unfavorable circumstances.
The remaining principles include controlling the number of tokens in circulation, assigning a substantial portion of them to the community, and eliminating strategies for manipulating prices. Adams concludes by urging creators to adopt a long-term perspective and focus on sustainable growth for their projects.
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2024-05-05 03:48