Written by: hitesh.eth
Compiled by: TechFlow
The fair launch of LBP is the IDO of this cycle, and here are my thoughts on the Fjord Foundry LBP.
We did a fair launch back in 2016-2018 during the biggest bull cycle in crypto;
VCs hadn’t even entered the crypto market in a big way yet, they were on the sidelines, and we won because we had fair launches and ICOs.
Yet, in this fair launch environment, scammers outperformed investors.
As retail investors, we end up investing in the wrong tokens, and instead of taking profits when they go up 10x upon listing, we decide to hold on for the long term, and then we lose money.
I personally lost 7 figures in ICO tokens which were once the hottest thing in the crypto space.
IDOs are another wave of fair launches in the cryptocurrency space, where barriers to entry are lower, VCs are involved, and the game is rigged.
IDOs were essentially rigged ICOs by design and failed within two years.
We are in a new bull cycle and we need better designs, at least better than the Dutch auction where whales buy up all the token supply in a matter of seconds.
We need fair launches, better, well-planned launches, and launches that we should bet on with more data and information.
Fair launch is the need of the hour and it is growing bigger every day.
It will only be a few months until everyone starts participating in fair launches. Start researching the fair launch happening on Fjord Foundry now.
Fjord Foundry was once known as Cooper Launch, and Merit Circle raised $105 million at the peak of the last bull cycle in Copper Launch.
It was a Dutch auction mechanism at the time, and whales and bots grabbed most of the tokens. They also faced some criticism from the community.
Cooper changed its name to Fjord Foundry and moved from Dutch auctions to Liquidity Bootstrapping Pools (LBPs).
In contrast to a Dutch auction, in an LBP, prices start high and then go low to find a fair valuation based on the needs of the participants.
LBPs typically run for a few days, and some projects will reach their hard cap sooner than others, it all depends on the project’s planning, hype, and narrative.
We live in a narrative bubble. AI is the biggest one you’ve heard of, followed by Bitcoin L2 and Runes, which are both emerging narratives. You see a lot of fair launches around these topics.
The harsh reality is that even scammers can launch LBP in less than two hours by using AI to create a fake website, setup documents, and everything else, and they can easily pull off a multi-million dollar scam because people in the cryptocurrency space want to get on board first and research later.
That's why you need curators, and Fjord Foundry already has curators, but they really need to find some talent to do curation. Personally, I don't find the current crop of Curators impressive, although some of them have done great projects in the past. They could also find more technically focused Curators.
Editor's note: Curators are responsible for reviewing projects on Fiord. They research projects, communicate with teams, present projects to their respective audiences, and select projects to curate based on their quality criteria.
Here are the top 3 curators based on past ATH ROI of 20 projects:
Tempo: The best return on investment is the Zero1 Labs project, which has an ROI of 8.37 times.
Taiboku Capital: Its best return on investment is Emerald, which has a return on investment of 13.55 times.
Grills: The best return on investment is EeFi Finance, which has a return on investment of 5.7 times.
Additionally, they have a project called AxonDAO; they raised less than $120,000 but saw their ATH price surge 500x.
This is very lucky and does not usually happen for 99% of cryptocurrency investors. So don't get too excited about the ROI.
Fjord has had some great releases lately, like the Autonolas, which sold for 100x the launch price.
Technically, Autonolas and AxonDAO are the only two LBPs that have achieved more than 100x growth in the past 12 months, and the third highest is 5.96x from Ordiswap.
There have also been some issues on Fjord, such as Voddo Trade, so you need to be very careful with those items.
Research curators before researching projects. Curators are the trust of investors. Therefore, we need better Fjord curators, because I clearly see mediocre project ROI.
For retail investors, casually investing in Fjord is not appropriate. However, if you can leverage your capital on good trades, you can easily make 100% profit on these trades, and if leveraged properly, you may even make 40 times the profit.
Besides, price is also very important, especially when you decide to invest.
Here’s a tip for you: wait at least 8 hours before participating in LBP and be sure to withdraw 50% of your profit when it is listed. Always check token vesting and all data about the project.
Also, keep an eye on the 1intro launch on Solana. It will likely spark a lot of fair launches,
But again, be careful, 90% of these projects have technical manipulation.
You need to pivot and act quickly until you find a clear winner after spending countless hours researching.
Thanks to Good Data Bad Guy for making this dashboard to track LBP on Fjord Foundry.
