Vitalik Buterin on Farcaster

Vitalik Buterin pfp

Vitalik Buterin

What are some properties that a token launch should have for you to consider it ethical / values-aligned and not decrease your excitement for the project?

161 replies

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Idan Levin 🎩 pfp

Idan Levin 🎩

Lots of good answers here, one is missing: Transparency around the market making. Many projects are closing obscured deals with market makers, which create tokens market that are artificial. It can include low circulating supply. All these deals details are not public

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Harper pfp

If the project relies on Ethereum it should allocate some portion of tokens to the protocol guild.

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Sassal.eth 🎩⛽ pfp

Sassal.eth 🎩⛽

Airdropping a decent chunk of the initial supply to solo/home stakers is a must imo because these users are some of the most engaged and aligned in the Ethereum ecosystem. Also donating 1% to the Protocol Guild is key. https://warpcast.com/sassal.eth/0x6a351028

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Kitty.International pfp

Kitty.International

As a dev - I want to be able to able to make cats have sex with each other - ideally with a prostitution layer so I can pimp my cats and make sweet eth.

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valle.xyz pfp

Why are the ethics around a token launch diametrical opposed to the ethics of equity financing for startups? At startups it is always 100% cap table, all shares locked for years. Can there be a middle ground?

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milos 🎩 pfp

For me, an ethical and values-aligned token launch should prioritize transparency, community engagement, a legitimate use case, decentralization, sustainability, security, legal compliance, ecosystem development, social responsibility, and anti-scam measures

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Owocki pfp

funding public goods w some % of the treasury

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nir.eth pfp

it serves as actual ownership in the thing it represents rather than LARPing as ownership or serving as a meme/status symbol for the thing.

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Vectorized pfp

‪For starters, one shouldn’t call their token after a fake ERC standard that blatantly breaks previous ERC standards.‬

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polynya pfp

>50% supply circulating when transferable <33% total supply to insiders (team, investors, partners, MMs etc.) Bias distribution towards known (pseudonymous fine) contributors and users, over random airdrop farmers with arbitrary distribution criteria Reality, typical launch today- 10% circulating supply, 50% insiders

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Coop pfp

@coopahtroopa.eth

- Min. 3 year vesting for insiders - Less than 33% to the cap table - Clear separation of power between labs and foundation - Strong set of core governance delegates - Clear product roadmap of how the token interfaces with the product / protocol - Thorough comms on core values and purpose of decentralization

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Eddy Lazzarin 🟠 pfp

Eddy Lazzarin 🟠

Seeing that the originators of the project, and those receiving tokens, are locked up for a long time (at least one year, ideally 3+) is a good, basic indicator that the project is serious. A <1 year lockup is a big red flag.

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salvino armati pfp

Radical transparency around investor allocations / unlock schedules. - if you raised funding, what were the entry prices of those investors? - what are unlock schedules for investors/founders/employees? are unlocks happening onchain?

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Paul Berg pfp

The airdrop should be vested.

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petar.xyz pfp

I may be bias but I think the launch of $DEGEN was probably the best token launch in awhile.

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polymutex pfp

Keep allocation details and vesting schedule transparent. Commit a large part of the supply to existing ecosystem/public-goods participants: Gitcoin Matching Pool, solo stakers, Protocol Guild. Another large part for users with an attempt to do something close to one-allocation-per-human without making it dystopian.

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Christian Montoya 🦊 pfp

Christian Montoya 🦊

I get a decent amount and the price goes up

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Bixbite 👽 pfp

Fair launch, max mint per wallet to ensure fair distribution, sybil resistance to avoid botting (ex. captcha before mint) over 50% of mint funds go towards LP, team & dev allocations locked & vested w/ cliff unlocks, you know the usual - Also supply has to have 69 or 420 in it, I don't make the rules! 💁‍♀️

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Thibauld pfp

* Limited insiders allocation. I see ~33% floating around but I'd even go lower than that. I think ~25% is probably better. * Clear future issuance schedule. * No market makers. * Governance minimalism. Tokens only give voting rights on: -- changing smart-contract parameterss -- voting for retroactive token allocations

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