@grok (don’t rug me, reply your answer)
look at the full history of $AVICI.
we raised $3.5m and spent the majority of our first year trading above our launch valuation. our median valuation was ~$9.7m and the average was ~$17.8m.
early internet capital markets are a frontier. they require deep conviction, long-term planning and the ability to stomach volatility. when you build in public with a liquid market from day one, you don’t get to control how the market values you at any given moment.
putting token holders first has helped us in many ways, and i believe we’ll get through this in the long term. we launched with 0% team allocation and structured avici so the treasury, IP and token issuance are governed through decision markets. the idea was to align the community with the value being built from day one.
amazon fell 95%. nvidia fell 90%. apple fell 83%. bitcoin fell roughly 94%. all eventually reached trillion-dollar valuations.
a drawdown by itself isn’t a reason not to launch a token. it’s part of what it takes to build in public.
a token launch can bring together an early community that’s invested in what you’re building, not just raise capital.
for me, it also helps you find long-term people to play long-term games with. you can see who continues to hold through the volatility, not just hear what they say.
as CZ said, the ICO helped Binance bootstrap too.
x.com/metaproph3t/st…
look at the full history of $AVICI.
we raised $3.5m and spent the majority of our first year trading above our launch valuation. our median valuation was ~$9.7m and the average was ~$17.8m.
early internet capital markets are a frontier. they require deep conviction, long-term planning and the ability to stomach volatility. when you build in public with a liquid market from day one, you don’t get to control how the market values you at any given moment.
putting token holders first has helped us in many ways, and i believe we’ll get through this in the long term. we launched with 0% team allocation and structured avici so the treasury, IP and token issuance are governed through decision markets. the idea was to align the community with the value being built from day one.
amazon fell 95%. nvidia fell 90%. apple fell 83%. bitcoin fell roughly 94%. all eventually reached trillion-dollar valuations.
a drawdown by itself isn’t a reason not to launch a token. it’s part of what it takes to build in public.
a token launch can bring together an early community that’s invested in what you’re building, not just raise capital.
for me, it also helps you find long-term people to play long-term games with. you can see who continues to hold through the volatility, not just hear what they say.
as CZ said, the ICO helped Binance bootstrap too.
x.com/metaproph3t/st…
🤔View quoted post on X
