AlienFi rejects Fair Launch mode due to selling pressure

02/26/2023 02:17 • Crypto & Markets • 105 views

On February 26, it was reported that the Arbitrum ecological DEX AlienFi announced that it would not launch the project through the Fair Launch mode, and pointed out that this mode was just a money printing machine for DEX and the project, and any fund-raising project did not need to start with millions of dollars. The project Token launched through this mode would face extreme selling pressure. AlienFi will release its first Launchpad announcement later this week, and the project Token will be launched in Overflow mode until its developed Tier System is ready.

Arbitrum Ecological DEX AlienFi will release the first Launchpad project announcement

Interpretation of the news:

AlienFi, an ecological DEX platform that operates on the Arbitrum network, recently announced that it will not launch its latest project through the Fair Launch mode. The platform noted that this mode is essentially a money printing machine for DEX and the project. It went on to state that any fundraising project does not need to start with millions of dollars. Project Tokens that launch through this mode would face extreme selling pressure. Instead, AlienFi will launch its project Token in Overflow mode until its developed Tier System is ready.

The decision to reject Fair Launch mode is significant as this mode has seen a considerable surge in popularity over the past few months. In this mode, developers raise capital through the issuance of tokens that are sold to early investors at a fixed price. The tokens are then listed on decentralized exchanges for trading. However, this has led to several scams, and many projects have failed due to the significant price drop of the tokens following listing.

AlienFi’s announcement further emphasizes the need for a more robust system that ensures fairer and more sustainable fundraising. By choosing Overflow mode, AlienFi seeks to address the possibility of initial investor inflation and extreme selling pressure that typically accompanies the launch of tokens. Instead, tokens are offered to investors gradually, allowing the project to mature.

In conclusion, AlienFi’s decision to launch its Token in Overflow mode instead of the Fair Launch mode is not just significant in terms of the project but also offers insight into the future of fundraising in the crypto space. It highlights the need for more sustainable, fair, and equitable fundraising models in the sector. The move also draws attention to the need for developers and investors alike to prioritize value creation and innovation over financial gain.

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AlienFi rejects Fair Launch mode due to selling pressure

Arbitrum Ecological DEX AlienFi will release the first Launchpad project announcement

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