Bring Back ICOs
summary
Argues for bringing back ICO-style public token sales with concrete fixes: require high float and long vesting to enable true price discovery, avoid low-float, high-FDV launches that inflate paper wealth, and replace wasteful airdrops with purchasable allocations. Proposes auction variants — tiered bids tied to lockups or KPIs and bidder-history adjustments — and cites examples: Ethereum 2014: $18M → ~10,000x as a success and Sanctum: tiered lockups + antibot as a recent well-designed offering. Also notes VC value (early introductions) and that large unlocks (Solana 2021) force honest market pricing.
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