Token

2024

Bitcoin

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.&nbsp;&nbsp; 
Adams insists on openness, transparency, and staying away from deception. Adding tokens to the pool and misleading people to artificially grow your numbers should be stopped. He advises project leaders to communicate only with evidence rather than hearsay, appealing to emotions and intuition. 
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 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) <a href="https://twitter.com/haydenzadams/status/1786784808187621874?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 4, 2024</a>
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Another issue is ensuring the team has sufficient funds to cover daily operations. As a result, Adams suggests listing a sufficient amount of tokens on DEXs to achieve the desired price. Furthermore, he advocates a decentralized model instead of a centralized one, as he states that the latter will only create a “malicious” situation. 
The rest of the principles also comprise limiting the token supply, allocating a considerable amount of it to the community, and doing away with price manipulation tactics. Adams rounds off by directing project creators to adopt a long-term mindset and work towards sustainable development. 
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 Also Read: <a href="https://www.cryptotimes.io/2024/05/05/bitcoin-vs-gold-eric-balchunas-insights/">Bitcoin vs Gold: Eric Balchunas’ Insights</a> 
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Hayden Adams: Ethical Token Launch Principles

The Crypto Times

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