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The founder of Uniswap anticipates 8 ethical factors in the launch of tokens
Hayden Adams, founder and CEO of Uniswap recently expressed his opinion on what makes good token distribution, breaking down his opinion into eight ethical points to note. Evidently, this emerges just days after concerns were raised from the crypto community transparency and fairness of token distribution on EigenLayer.
Uniswap founder advises against token teasing
First of all he clarified the fact that he is referring to tokens and not points. Subsequently, he stated that it is not good behavior to tease and create ambiguity around aa distribution of tokens just to make the numbers grow.
Adams advised against public speculation, especially if the team doesn’t know what comes next. In case you have information about a token distribution but don’t intend to share the details, Uniswap’s CEO advises against teasing.
“Just share the real details when you’re ready,” Adams said.
The Uniswap CEO spoke about his lack of love towards low-float tokens that are harmful, citing that they are his biggest pet peeve. He believes that projects do not need exchanges or market makers to effectively distribute tokens.
For him, the right approach would be to simply distribute the tokens publicly, a move sufficient for real price discovery to occur on DEX.
Another “bad behavior” highlighted by the Uniswap CEO is the creation of an outrageously high supply of tokens for farmers with unit bias. He does not consider it necessary to adopt this style.
Additionally, Adams advised token distributors not to be stingy. In fact, he pushed them to make a significant volume of their tokens available for distribution.
Adams shares further insights on token distribution
Hayden Adams advised against under-distributing tokens, especially if the issuer believes the community doesn’t deserve it.
Adams was also clear in not publishing token prices during distribution or before. Any attempt to do so using influencers or marketing companies would raise suspicions about such a project.
In Adams’ words, this would mean that the issuer is trying to get rich quick, all in the name of creating real value. Token issuers and distributors are advised to keep the distribution process as simple as possible. These words resonate for many reasons the carpet pulls in the industry in recent times.
Finally, the Uniswap executive asked token issuers to be more careful and honest about their projects. He thinks they should release a token that they can be proud of and defend, to avoid being a laughing stock to members of the Crypto X community.