The highly anticipated EigenLayer has announced its token launch and airdrop plan, but the transparency and fairness of its token distribution have been widely questioned by the community. Recently, Hayden Adams, the founder and CEO of Uniswap, also expressed his views on “token allocation.”
Hayden Adams urged project teams not to attract user participation through implied or vague information for the sake of data growth, as this may create unnecessary expectations or misunderstandings for investors or users. Additionally, if team members or relevant parties have specific information about upcoming token distribution (such as timing, methods, and conditions), Hayden Adams also advised them not to leak this information through vague expressions or implications, but to wait until they are ready to share the actual details.
On the other hand, Hayden Adams also emphasized that setting either excessively high or low initial circulating supply is not a good practice, and he considers this to be unethical behavior. This is because an overly low circulating supply will prevent the market from reflecting true liquidity and price discovery. Furthermore, an absurdly high token supply is merely a tactic to exploit people’s unit bias (such as with meme coins), which is also considered unethical.
Additionally, Hayden Adams offered the following suggestions:
Don’t be stingy – Allocate the majority of the tokens to the community. If you don’t believe the community deserves a large amount of tokens, then you shouldn’t launch the token in the first place.
Don’t market the token price – If you promote on Twitter that your token is about to skyrocket, or hire influencers and marketing companies to do so, I would consider that you are only aiming for a quick profit, not creating real value.
Keep the (token distribution) simple.
Truly think about and care for your decisions – This way, you can support them and explain your reasoning. Don’t end up being forced to argue or apologize to the community. Create something you can be proud of and stand behind.
