(this is not about any specific token!!)
There is an incentive misalignment in token launches right now.
It’s so easy to launch a good idea and eat on the fees as it goes viral on social trading apps. And it’s fun to ape good ideas you see on social trading apps.
But inevitably if the launcher has no interest in CTOing, things usually crash quick (there can be exceptions).
Then it becomes a catch22. It’d be better to see a good team relaunch with fee control and some supply than for them to try to bid at high prices to get supply and just not have the fees. But if they relaunch then they are seen as a PvP.
Also launchpads without CTO options - please fix your ish with haste.
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The bar is so incredibly low.
If you are a good marketer, you can sweep.
