- Uniswap Founder, Hayden Adams, has shared eight crucial factors that token prospective issuers need to consider to maintain proper community decorum.
- Adams’ advice comes amid controversial token distribution from DeFi projects.
- His counsel includes avoiding token teasing, ensuring sufficient token distribution, and being thoughtful and honest about projects.
Uniswap Founder, Hayden Adams, has provided advice for prospective token issuers, highlighting eight key factors for maintaining community decorum. This comes in the wake of controversial token distributions from DeFi projects.
Uniswap Founder Counsels Token Issuers
Hayden Adams, the founder and CEO of Uniswap, recently shared his thoughts on what constitutes good token distribution. He outlined eight ethical points that prospective issuers should consider. This advice comes after concerns were raised by the crypto community about the transparency and fairness of token distribution on EigenLayer.
Adams Advises Against Token Teasing
Adams clarified that he was referring to tokens and not points. He stated that it is not good practice to tease and create ambiguity around a token distribution just to grow numbers. He advised against public speculations, especially if the team doesn’t know what comes next. In cases where one has information about a token distribution but does not intend to share the details, Adams advised against teasing. He suggested sharing real details when ready.
Adams Shares More Insight on Token Distribution
Adams was clear about not posting token prices while distributing them or before. Any attempt to do so, either by utilizing influencers or marketing firms, would raise suspicions about such a project. In Adams’s words, this would mean that the issuer is trying to get rich quickly all in the name of building real value. Token issuers and distributors are advised to keep the distribution process as simple as possible. These words echo on grounds of numerous rug pulls in the industry in recent times.
Conclusion
Adams’ advice to prospective token issuers is clear and concise. Avoid token teasing, ensure sufficient token distribution, and be thoughtful and honest about projects. By following these guidelines, issuers can maintain community decorum and avoid controversies like those seen with recent DeFi projects.
