@casthunter
π‘ An ICO Thought Experiment
Normally:
π° For the same project, the more money raised β the higher the valuation.
Example:
Raise $100M β valuation $1B
Raise $200M β valuation $1.5B
π But from the project side:
Valuations are often illusory.
$100M at $1B valuation might not yield much actual capital
If you put in $300M, I might as well hand you the project β FDV actually goes down
π₯ So what if we flipped it?
Imagine a dynamic-valuation ICO:
The more capital raised β the lower the FDV
Team quickly diluted into βemployeesβ
Example: $100M ICO β FDV $1B; $300M ICO β FDV only $350M
80%+ of tokens go to retail, team keeps ~10%
π― For players:
If you believe in the project β the more you invest, the more tokens you get
If the project takes off π β upside is massive
β‘ Takeaway:
Could this become a thrilling new game theory in fundraising?
π Your take?
β
Innovative model
β Too risky
π₯ Worth experimenting
π£ Drop your thoughts π