Coinlist CEO Raghav Gulati Discusses Strategies for Launching Legit Tokens

Coinlist CEO Raghav Gulati Discusses Launching a Legitimate Token

In a recent post on X, Raghav Gulati, the CEO of Coinlist, shared his insights on the launch of a 'legitimate token' and critiqued EigenLayer for missing a key opportunity in this area.

Making the Community Feel Like Insiders

Gulati believes that fostering a sense of belonging within the community is vital for a successful token launch. He suggests implementing active internal sales targeted specifically at the most dedicated community members. By offering these key individuals significant discounts, the token could generate strong interest and community support.

• The internal sales group could consist of 500 to 2000 people.
• These insiders could also receive custom NFTs as a representation of their shares.

Creating an Inclusive Community Round

To cater to the broader audience, Gulati emphasized the importance of providing a fair pricing structure during the community round. Transparency must be at the forefront of this process to build trust among participants. He advised against deceptive practices and encouraged open discussions regarding:

• The existence of a secondary market.
• Opportunities for locked holders to stake their tokens.
• Awareness needed concerning unusual market maker transactions.

Considerations for Token Vesting

On the subject of token vesting, Gulati expressed that a 100% unlocking on the first day is not advisable. He proposed that the team should ensure a continuous vesting schedule to align the interests of all stakeholders involved.

There are notable data points suggesting that both sales participants and community members should receive equity. However, whether investors and partners should also gain equity remains a topic of debate.

Conclusion

In conclusion, Raghav Gulati's insights into launching a legitimate token highlight the necessity of community involvement and transparency. By ensuring that the community feels valued and considered, projects can cultivate a more dedicated and supportive base.