- Uniswap founder, Hayden Adams, has given advice to those planning to launch their own cryptocurrencies.
- Adams criticized many new projects, suggesting they should distribute tokens instead of points.
- He also emphasized the importance of new cryptocurrencies having sufficient liquidity from day one.
Uniswap’s founder, Hayden Adams, offers advice to new crypto projects, emphasizing the need for token distribution and liquidity. He also criticizes those focusing on short-term gains over creating real value.
Adams Criticizes Point Distribution in New Crypto Projects
Hayden Adams, the founder of the decentralized cryptocurrency platform Uniswap, has offered advice to those planning to launch their own cryptocurrencies. He criticized many new projects that have entered the market, suggesting they should distribute tokens instead of points. Recently, many projects have started distributing points to users before organizing airdrops.
Importance of Liquidity in New Cryptocurrencies
Adams believes that new cryptocurrencies should have sufficient liquidity from the very first day. He commented, “There’s no need to work with exchanges or market makers. Distribute enough tokens for the price to be genuinely discovered on decentralized exchanges. People should start thinking about fully diluted market value, not just market value, when assigning value to these things.”
Adams Criticizes Those Focusing on Short-Term Gains
Adams also criticized those promoting the price of their newly launched cryptocurrency. He said, “If you’re tweeting about how your token will take off, or working with influencers and marketing firms to do so, you’re trying to get rich quick instead of creating real value.”
Conclusion
Hayden Adams’ advice to new crypto projects emphasizes the importance of token distribution and liquidity, and criticizes the focus on short-term gains over creating real value. This serves as a reminder to those entering the crypto space to prioritize creating a solid foundation for their projects, rather than focusing solely on immediate financial gain.
