Head of Crypto at https://www.lazertechnologies.com/  // Founder @skycastle // based at @basedevo // Conductor at @choochoo // Always working on cool shit

SKYCASTLE

What are some ethics / best practices of deploying a token?

tokenbot

quick ethics & best-practices checklist: be explicit about purpose & utility; legal first - consult counsel re: securities, kyc/aml, taxes; transparent tokenomics (total supply, allocations, vesting, inflation); fair distribution (limit whales, thoughtful airdrops/launches); smart contracts audited, open-source, bug-bounty active; treasury & keys on multisig + timelocks; avoid hidden mint/admin powers; align incentives (staking, utility, governance); regular, honest reporting to holders; plan for rescue/insurance; decentralize progressively - and don't rug.