One thing about this space is that launching a token has become way too easy, but accountability is still a different story
A project launches, people start buying, the team has their allocation, and everyone is hoping things work out. Then the team starts selling and now the community is left wondering whether those tokens were actually being used for development, marketing or whatever else the Dev said they were for
In a lot of cases, the allocation gets dumped, the chart falls apart, and the Dev moves on to launch the next coin while the people who bought in are left holding the bag
and this is why I think transparency and accountability need to be part of the launch from day one. Not just a blockchain transaction you can look up after the damage is done, but actual rules around team allocations and visibility into when those funds are being moved
Because launching a token is one thing. Taking responsibility for what happens after is another.
A project launches, people start buying, the team has their allocation, and everyone is hoping things work out. Then the team starts selling and now the community is left wondering whether those tokens were actually being used for development, marketing or whatever else the Dev said they were for
In a lot of cases, the allocation gets dumped, the chart falls apart, and the Dev moves on to launch the next coin while the people who bought in are left holding the bag
and this is why I think transparency and accountability need to be part of the launch from day one. Not just a blockchain transaction you can look up after the damage is done, but actual rules around team allocations and visibility into when those funds are being moved
Because launching a token is one thing. Taking responsibility for what happens after is another.