Crypto
must
make
bolder
bets
to
refocus
the
industry
on
distribution
and
utility,
while
eschewing
price
speculation.
There
is
a
better
way
to
manage
token
launches
—
one
that
prioritizes
long-term
utility
and
organic
growth
over
speculative
gains.
Protocols
are
beginning
to
experiment
with
alternative
models.
FRIEND,
a
blockchain-based
social
platform,
for
example,
launched
with
100%
float,
distributing
all
tokens
to
the
community
from
day
one.
After
taking
a
radically
different
approach
at
Lava
Network,
I
am
convinced
the
industry
must
adopt
a
new
standard
for
how
blockchain
projects
should
handle
token
distribution
and
valuation.