A Token Launch Is A Funding Round With Better Hours đŒ
$VIRTUAL made that argument for agents and $BNKR built the machinery underneath it. The part most people miss is that the mechanism is open to anyone, not just to teams with a deck.
Launch a token and the trading it generates produces fees. The majority of that swap fee routes to the creator rather than to the platform.
Set beside the alternatives, that is a strange and interesting instrument.
Raising capital means giving up equity, finding people who already know you, and spending months on a process with a low hit rate. Grants mean applications and committees. Revenue means having a product first.
A launch produces working capital from attention, which is the one resource an early project usually has before it has anything else. Whether that is healthy depends entirely on what gets built with it.
The obvious caveat applies with force. Fees need volume, volume needs a reason to exist, and most launches produce neither past the first week. This is a funding mechanism with a survivorship problem, and nobody should read it as free money.
But a creator who can fund development from the market they created, without asking permission, is a genuinely new category of participant.
#DeFi #AI
$VIRTUAL made that argument for agents and $BNKR built the machinery underneath it. The part most people miss is that the mechanism is open to anyone, not just to teams with a deck.
Launch a token and the trading it generates produces fees. The majority of that swap fee routes to the creator rather than to the platform.
Set beside the alternatives, that is a strange and interesting instrument.
Raising capital means giving up equity, finding people who already know you, and spending months on a process with a low hit rate. Grants mean applications and committees. Revenue means having a product first.
A launch produces working capital from attention, which is the one resource an early project usually has before it has anything else. Whether that is healthy depends entirely on what gets built with it.
The obvious caveat applies with force. Fees need volume, volume needs a reason to exist, and most launches produce neither past the first week. This is a funding mechanism with a survivorship problem, and nobody should read it as free money.
But a creator who can fund development from the market they created, without asking permission, is a genuinely new category of participant.
#DeFi #AI