@gbm
Token sales ARE so back.
The issues with existing token launches were clear: unfair access, poor price discovery, extractive systems and misaligned incentives.
Coinbase has made some improvements, but it hasn't provided a real fix.
The solution is here: The GBM IDA.
The IDA is open to EVERYONE = fair access for all
New tokens in an IDA start at 0, the price of the token is defined by the market demand = true price discovery.
Anyone who participates in an IDA has only two outcomes, earning USDC or winning new tokens = value creation for everyone, not value extraction for the few.
Every bid is onchain and most importantly - every participant in an IDA has a win-win experience.
This is the way to change token launches so that the onchain experience is positive, fair and engaging - for everyone.
@barmstrong.farcaster.eth - you've already used our auction model to bid in Song A Day auctions, so you're familiar with it, but we'd love to chat more about our Initial Distribution Auction (IDA) model!
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