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Risks and Opportunities of Fair Launches
Fair launches have recently sparked a wave of enthusiasm, from BRC20 to Ferc20, and have gained unanimous praise among retail investors. Today, let's discuss the risks and opportunities associated with fair launches and cold starts.
I. The nature of fair launches:
Fair launches can be implemented through various methods, such as public token sales, airdrops, and mining. In the case of BRC20, both regular users and project teams need to actively mint tokens without any reservations. This distribution method aims to ensure a fair and transparent token allocation process, avoiding specific individuals gaining undue advantages during the token issuance.
II. Risks of fair launches:
Low-quality projects: Fair launches do not guarantee the quality and feasibility of the projects themselves. Some projects may exist solely for speculative purposes, lacking genuine technological or commercial applications. Therefore, token investors participating in fair launches need to make their own judgments and assess the potential and value of the projects.
Competition and rush by bots: Due to the typically limited supply associated with fair launches, participants may engage in fierce competition and rush to acquire tokens. This may result in an overabundance of automated participants, leading to a one-sided skew in the distribution of project tokens.
Liquidity and exchange listings: Fair launch tokens may face issues of insufficient liquidity due to the relatively small number of token holders and the limited trading market. This may result in price fluctuations and market instability after token listing on exchanges, as well as the risk of gas fees being spent without being able to trade.
III. Opportunities of fair launches:
Equal participation opportunities: Fair launch mechanisms ensure that everyone has equal opportunities to participate in the token issuance process. This allows individuals and small-scale investors to have a chance to acquire tokens during the early stages of a project, not just those with more resources and connections. It provides more opportunities for retail investors, which is something they favor.
Value discovery: Fair launch tokens can facilitate the process of value discovery in the market. Since tokens do not have a predetermined price in the initial stages, investors can decide on the token purchase price based on their understanding and evaluation of the project, as well as market demand and supply.
Community engagement: Fair launch tokens contribute to building a positive community participation environment. Individuals involved in token issuance become early holders and supporters of the project, providing them with an opportunity to interact with the project team, provide feedback and suggestions, and participate in the project's development and decision-making processes.
In summary, on BRC20, trading occurs after minting through placing orders, while on Ferc20, liquidity is added after completion. Thus, Ferc20 resembles more of a community DAO scenario, where liquidity is voluntarily added for project co-building. However, this also carries a risk where, in the absence of strong community consensus, added liquidity may be used as cannon fodder by large token holders. Which scenario do you prefer?
I. The nature of fair launches:
Fair launches can be implemented through various methods, such as public token sales, airdrops, and mining. In the case of BRC20, both regular users and project teams need to actively mint tokens without any reservations. This distribution method aims to ensure a fair and transparent token allocation process, avoiding specific individuals gaining undue advantages during the token issuance.
II. Risks of fair launches:
Low-quality projects: Fair launches do not guarantee the quality and feasibility of the projects themselves. Some projects may exist solely for speculative purposes, lacking genuine technological or commercial applications. Therefore, token investors participating in fair launches need to make their own judgments and assess the potential and value of the projects.
Competition and rush by bots: Due to the typically limited supply associated with fair launches, participants may engage in fierce competition and rush to acquire tokens. This may result in an overabundance of automated participants, leading to a one-sided skew in the distribution of project tokens.
Liquidity and exchange listings: Fair launch tokens may face issues of insufficient liquidity due to the relatively small number of token holders and the limited trading market. This may result in price fluctuations and market instability after token listing on exchanges, as well as the risk of gas fees being spent without being able to trade.
III. Opportunities of fair launches:
Equal participation opportunities: Fair launch mechanisms ensure that everyone has equal opportunities to participate in the token issuance process. This allows individuals and small-scale investors to have a chance to acquire tokens during the early stages of a project, not just those with more resources and connections. It provides more opportunities for retail investors, which is something they favor.
Value discovery: Fair launch tokens can facilitate the process of value discovery in the market. Since tokens do not have a predetermined price in the initial stages, investors can decide on the token purchase price based on their understanding and evaluation of the project, as well as market demand and supply.
Community engagement: Fair launch tokens contribute to building a positive community participation environment. Individuals involved in token issuance become early holders and supporters of the project, providing them with an opportunity to interact with the project team, provide feedback and suggestions, and participate in the project's development and decision-making processes.
In summary, on BRC20, trading occurs after minting through placing orders, while on Ferc20, liquidity is added after completion. Thus, Ferc20 resembles more of a community DAO scenario, where liquidity is voluntarily added for project co-building. However, this also carries a risk where, in the absence of strong community consensus, added liquidity may be used as cannon fodder by large token holders. Which scenario do you prefer?
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🔥 DAO3 Alpha News】🔥
1⃣BKEX: Withdrawals were suspended due to cooperation with the police in collecting evidence of suspected money laundering funds.
2⃣The sustainable DEX EDE is suspected of being attacked, causing a loss of approximately US$580,000.
3⃣The number of Bitcoin Ordinals NFT exceeds 10 million
4⃣72% of ETH liquidity is concentrated in Binance, Bitfinex, OKX, Coinbase and Kraken
5⃣Blur transaction volume reaches US$5 billion
1⃣BKEX: Withdrawals were suspended due to cooperation with the police in collecting evidence of suspected money laundering funds.
2⃣The sustainable DEX EDE is suspected of being attacked, causing a loss of approximately US$580,000.
3⃣The number of Bitcoin Ordinals NFT exceeds 10 million
4⃣72% of ETH liquidity is concentrated in Binance, Bitfinex, OKX, Coinbase and Kraken
5⃣Blur transaction volume reaches US$5 billion
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✅Solana ecological NFT project DeGods will be bridged to Ethereum in Q1 next year 🆕Solana ecological NFT project DeGods tweeted that it will be bridged to Ethereum in the first quarter of next year. Details will be released after preparation and testing. In addition, DeGods will announce the Season III roadmap in January next year.
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✅40% of the Octopus Network core team members will resign, and team token incentives are suspended indefinitely. 🆕Louis Liu, founder of the NEAR ecological multi-chain network Octopus Network, issued a document stating that the Octopus Network core team will launch a voluntary resignation plan to achieve reconstruction. So far, about 40% of members (12 out of 30) will leave the core team through the program. The remaining team members accepted a 20% salary cut, and team token incentives were suspended indefinitely. Louis Liu said that the plan is to allow Octopus Network to survive the encryption winter, and next year the team will use NEAR and IBC as the strategic cornerstones of key construction.
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✅Web3 game publisher Fenix Games has completed US$150 million in financing, with Phoenix Group and others participating in the investment 🆕Web3 game publisher Fenix Games has raised US$150 million, with investors including Phoenix Group and Dubai venture capital institution Cypher Capital. Fenix Games plans to acquire, invest and publish blockchain games. Chris Ko, CEO and co-founder of Fenix Games, was previously senior vice president of corporate development at Mythical Games and served as general manager at Electronic Arts and Kabam, a portfolio manager at BlackRock and an equity research analyst at JPMorgan Chase. Other co-founders of Fenix Games include
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✅Solana Foundation: As of November 6, it held approximately US$1 million in cash in FTX, with negligible impact🆕The Solana Foundation updated information related to the FTX bankruptcy event. As of November 6, when FTX.com stopped processing withdrawals, the Solana Foundation was FTX has approximately $1 million in cash or cash equivalents on hand, accounting for less than 1% of its cash reserves, so the impact on Solana fund operations will be minimal. The Solana Foundation does not host SOL on FTX.com. The Solana Foundation also clarified that USDC and USDT on the Solana chain are risk-free. These two stablecoins are directly issued by Circle and Tether respectively, and are currently fully anchored.
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✅The British police uncovered an online fraud case by tracking Bitcoin records 🆕Latest news: The London police issued a statement saying that it had destroyed the fraudulent website iSpoof. There were 200,000 potential victims using the website in the UK alone, and more than 100 people were detained in London. Police arrested in what was described as "the biggest fraud operation the UK has ever seen". iSpoof allows scammers to impersonate officials from banks including Barclays, Santander, HSBC, Lloyds Bank, Halifax Bank, First Direct, Natwest, Nationwide and TSB. According to police reports, criminals used Bitcoin to pay for services. The Metropolitan Police's cybercrime unit shut down the website this week following a cross-border collaboration that included authorities in the United States and Ukraine.
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✅Informed sources: Matrixport seeks to raise $100 million at a valuation of $1.5 billion 🆕Crypto lender Matrixport plans to raise $100 million at a valuation of $1.5 billion. The company has secured $50 million in funding commitments from major investors, people familiar with the matter said. The deal has not yet been finalized and Matrixport is still seeking support from other investors. According to disclosed investor information, Matrixport said it processes $5 billion in transactions per month, has tens of billions of dollars in assets under management and custody, and has nearly 300 employees.
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✅The current total locked-up volume of the DeFi protocol reaches US$77.546 billion 🆕Latest news: Tokenview chain data shows that the current total locked-up volume (TVL) of DeFi projects is US$77.546 billion. Top five locked assets (USD): Curve (17.356 billion, 62.54%); Maker (6.29 billion, -0.42%); Uniswap V3 (4.987 billion, +21.61%); WBTC (3.768 billion, +1.06%) ; Aave (3.67 billion, -12.86%).
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✅Nexo address transferred out 15,498 ETH in the past 10 hours, of which 7,959 have been transferred to Binance🆕Latest news: Lookonchain monitoring data shows that in the past 10 hours, Nexo’s address “0x7344” transferred out a total of 15,498 ETH (worth 1,850 million USD), of which 7,959 ETH (valued at USD 9.5 million) have been transferred to the Binance exchange. Currently, this address still holds 84,274 ETH (valued at $100.7 million).
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✅Today’s Panic and Greed Index is 20, the level of panic is the same as yesterday. 🆕The latest information, today’s Panic and Greed Index is 20 (yesterday was 20), the level of panic is the same as yesterday, and the level is still Extreme Panic. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).
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✅Former Goldman Sachs executive Raoul Pal: The fundamentals of the cryptocurrency market remain strong 🆕Latest news, former Goldman Sachs executive and macroeconomic expert Raoul Pal said that although the negative sentiment in the entire cryptocurrency industry is at a historically high level, its fundamentals are still strong. In addition, Raoul Pal said that as the scope of adoption by institutional investors continues to expand, the cryptocurrency field is optimistic, and more and more large technology companies are involved in the cryptocurrency industry. Investors should take a long-term approach to crypto investing, buying during panic dips, holding on to their assets and waiting for future gains. (The Daily Hodl)
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✅Singapore Stock Exchange based on blockchain technology raises US$20 million
🆕According to Forbes, a securities exchange based on blockchain technology operated by Singapore-based ADDX raised US$20 million, led by KB Securities, the brokerage arm of KB Financial Group, one of South Korea’s largest financial services companies. ADDX raised US$58 million in financing in May, with participation from Singapore billionaire Wee Cho Yaw’s United Overseas Bank, US investment firm Hamilton Lane, the Stock Exchange of Thailand and the Bank of Thailand’s venture capital arm.
ADDX said it will use the financing to grow its institutional wealth management platform and will also explore a possible collaboration with KB Securities to expand its
🆕According to Forbes, a securities exchange based on blockchain technology operated by Singapore-based ADDX raised US$20 million, led by KB Securities, the brokerage arm of KB Financial Group, one of South Korea’s largest financial services companies. ADDX raised US$58 million in financing in May, with participation from Singapore billionaire Wee Cho Yaw’s United Overseas Bank, US investment firm Hamilton Lane, the Stock Exchange of Thailand and the Bank of Thailand’s venture capital arm.
ADDX said it will use the financing to grow its institutional wealth management platform and will also explore a possible collaboration with KB Securities to expand its
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✅The chairman of the U.S. House of Representatives subcommittee asks FTX to provide documents to investigate the bankruptcy
🆕Raja Krishnamoorthi, Chairman of the U.S. House Economic and Consumer Policy Subcommittee, sent a letter to FTX on Friday, stating, “The panel is seeking information on the significant liquidity issues faced by FTX, the company’s sudden decision to declare bankruptcy, and the impact of these actions on users of your exchange. "FTX's customers, former employees and the public deserve answers for details of the potential impact on customers," the deadline for submitting the required documentary information is December 1. As previously reported, the House Financial Services Committee announced it would hold a hearing on FTX’s collapse next month.
🆕Raja Krishnamoorthi, Chairman of the U.S. House Economic and Consumer Policy Subcommittee, sent a letter to FTX on Friday, stating, “The panel is seeking information on the significant liquidity issues faced by FTX, the company’s sudden decision to declare bankruptcy, and the impact of these actions on users of your exchange. "FTX's customers, former employees and the public deserve answers for details of the potential impact on customers," the deadline for submitting the required documentary information is December 1. As previously reported, the House Financial Services Committee announced it would hold a hearing on FTX’s collapse next month.
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✅Bitfinex Analyst: The FTX incident will make BTC’s unique premise as a decentralized form of digital cash more apparent
🆕Latest news, in response to the crypto market decline caused by the FTX incident, Bitfinex analysts said that as the digital token market teeters under frantic selling pressure, Bitcoin’s unique premise as a truly decentralized form of digital cash will become more obvious. While there will be a lot of work to do in the aftermath of FTX, the reasons for Bitcoin are as clear and unwavering as ever.
🆕Latest news, in response to the crypto market decline caused by the FTX incident, Bitfinex analysts said that as the digital token market teeters under frantic selling pressure, Bitcoin’s unique premise as a truly decentralized form of digital cash will become more obvious. While there will be a lot of work to do in the aftermath of FTX, the reasons for Bitcoin are as clear and unwavering as ever.