TGE's Are Not IPO's
But I think the simplest reasons for launching a token should be some cocktail of:
- Raise capital
- Distribute ownership
- Signal that decentralization matters
- Align incentives
- Bootstrap some sort of network effect (extremely ambiguous tbf)
- Make your real supporters rich(er)
TGE's Are Not IPO's
I would probably say the point is to distribute ownership such that existing users are further incentivized to continue using, supporting & evangelizing your project while new people are motivated to try it out.
TGE's Are Not IPO's
Post-PMF
Probably the optimal time to launch a token. Also the most rare. At this stage you have a product that clearly demonstrates value and the token can serve as a mechanism for rewarding the earliest contributors who helped you find PMF, scale adoption, align future incentives and distribute ownership to participants.
Probably the optimal time to launch a token. Also the most rare. At this stage you have a product that clearly demonstrates value and the token can serve as a mechanism for rewarding the earliest contributors who helped you find PMF, scale adoption, align future incentives and distribute ownership to participants.
0xsmac • TGE's Are Not IPO's
TGE's are at-best more akin to SPACs.