7 小时前
The new trilemma: builders, believers, backers.
13 小时前
Big bang TGEs are dead
The new playbook:
Wait until there’s adoption, or launch small and accrue value over time
I analyzed TGEs from the past 18 months for our Safary Certification program, comparing launch mindshare to token performance today
Almost every hyped TGE cratered within 48 hours
The ones that held up were quiet TGEs with steady believers
Take Virtuals - most people don’t realize they TGE'ed a year *before* the AI meta
The past few years have rewarded pessimists and punished believers
But if we design incentives that reward the protocols building real adoption and fundamentals, the believers may just finally win
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