Insights from Coinlist CEO on Launching a Legit Token

Insights from Coinlist CEO Raghav Gulati on Token Launches

In a recent post on X, Coinlist CEO Raghav Gulati expressed his views on the essential aspects of launching a 'legitimate token.' He critically addressed EigenLayer for missing potential opportunities and provided valuable insights for the cryptocurrency community.

Creating a Community of Insiders

Gulati emphasized the necessity of making the community feel like insiders during a token launch. He recommended that projects conduct active internal sales specifically aimed at their most engaged community members. This approach could include offering significant discounts to a select group of 500 to 2,000 individuals, who might also be rewarded with custom NFTs as meaningful shares in the project.

Fair Pricing and Transparency

In terms of pricing strategy, Gulati suggested that the broader community should benefit from a fair pre-release price during the community round. Transparency was another critical point in his discussion. He advocated for openness in addressing vital questions, such as:

• Is there a secondary market available?
• Can locked holders stake their tokens?
• Should there be awareness around unusual market maker transactions?

The Importance of Token Vesting

Gulati provided valuable advice on token vesting as well. He argued against the practice of 100% unlocking on the first day, suggesting instead that continuous token vesting be implemented. His data-driven perspective indicated that sales participants and the community should receive equity in the project, while the debate remains on whether investors and partners should likewise gain equity in the token launch.

Conclusion

Raghav Gulati's insights highlight the importance of transparency, community involvement, and strategic planning in token launches. By taking his recommendations into account, projects can foster a more engaged and equitable environment for their stakeholders.