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Hercules | DeFi
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Hercules | DeFi
02-05
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The Trove drama that happened recently showed just how fragile trust can be in token launches: > Trove raised $11.5M in presales, far exceeding expectations. > Days before TGE, the team announced a sudden pivot to Solana, invalidating the roadmap under which participants had invested. > $TROVE crashed more than 95% immediately on launch. > Left retail investors and loyal community members blindsided, while insiders and early movers captured the upside. The resulted in massive loss, community outrage, and long-term reputational damage for people involved. There have been rampant occurrences like this but this one was just special but in these occurrences and this begs the question, "what is the way forward?" 𝘛𝘩𝘦 𝘸𝘢𝘺 𝘧𝘰𝘳𝘸𝘢𝘳𝘥 𝘪𝘴 𝘢𝘥𝘰𝘱𝘵𝘪𝘯𝘨 𝘢 𝘧𝘰𝘳𝘮𝘢𝘵 𝘵𝘩𝘢𝘵 𝘪𝘴 𝘧𝘢𝘪𝘳, 𝘤𝘰𝘮𝘱𝘭𝘪𝘢𝘯𝘤𝘦-𝘧𝘳𝘪𝘦𝘯𝘥𝘭𝘺, 𝘢𝘯𝘥 𝘢 𝘴𝘺𝘴𝘵𝘦𝘮 𝘵𝘩𝘢𝘵 𝘱𝘳𝘰𝘵𝘦𝘤𝘵 𝘵𝘩𝘦 𝘶𝘴𝘦𝘳 𝘢𝘯𝘥 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘦𝘹𝘢𝘤𝘵𝘭𝘺 𝘸𝘩𝘢𝘵 @ChainGPT_Pad 𝘪𝘴 𝘨𝘪𝘷𝘪𝘯𝘨 𝘶𝘴 𝘸𝘪𝘵𝘩 𝘪𝘵𝘴 𝘯𝘦𝘸 𝘧𝘰𝘳𝘮𝘢𝘵. ---------------------------------- 𝐓𝐡𝐞 𝐓𝐫𝐞𝐧𝐝 𝐢𝐧 𝐈𝐂𝐎 Over the last few cycles, fundraising has been moving away from FCFS launches and closed allocation loops to subscription-based public sales formats. 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘸𝘩𝘦𝘳𝘦 𝘶𝘴𝘦𝘳𝘴 𝘤𝘰𝘮𝘮𝘪𝘵 𝘥𝘶𝘳𝘪𝘯𝘨 𝘢 𝘸𝘪𝘯𝘥𝘰𝘸 𝘢𝘯𝘥 𝘢𝘭𝘭𝘰𝘤𝘢𝘵𝘪𝘰𝘯𝘴 𝘢𝘳𝘦 𝘤𝘢𝘭𝘤𝘶𝘭𝘢𝘵𝘦𝘥 𝘵𝘳𝘢𝘯𝘴𝘱𝘢𝘳𝘦𝘯𝘵𝘭𝘺 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘵𝘰𝘵𝘢𝘭 𝘥𝘦𝘮𝘢𝘯𝘥. Platforms like @legiondotcc, @buidlpad, and @impossible_ have already pushed in this direction. @ChainGPT_Pad has now formally entered that same category. They just launched a Public Sale model and structurally, it reflects the same market conclusions many platforms are arriving at. ---------------------------------- 𝐖𝐡𝐚𝐭 𝐂𝐡𝐚𝐢𝐧𝐆𝐏𝐓 𝐏𝐚𝐝 𝐢𝐬 𝐞𝐱𝐩𝐥𝐢𝐜𝐢𝐭𝐥𝐲 𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 This format makes everything very clear from the start, with no implied terms, hidden mechanics, or delayed disclosures. ➢ 𝐎𝐩𝐞𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐢𝐬 𝐭𝐡𝐞 𝐝𝐞𝐟𝐚𝐮𝐥𝐭. There is no tier-gated registration round and no guaranteed allocation upfront. Users participate during a defined subscription window, and allocation is calculated only after the window closes. ➢ 𝐀𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐬 𝐝𝐞𝐦𝐚𝐧𝐝-𝐛𝐚𝐬𝐞𝐝, 𝐧𝐨𝐭 𝐫𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩-𝐛𝐚𝐬𝐞𝐝. Final allocations are handled on a pro-rata basis, meaning participation scales with total demand rather than access privilege. ➢ 𝐎𝐯𝐞𝐫𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧 𝐢𝐬 𝐡𝐚𝐧𝐝𝐥𝐞𝐝 𝐭𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐭𝐥𝐲. If demand exceeds supply, users still receive an allocation. Any unaccepted portion of their commitment can be returned as an excess Refund, rather than being silently excluded. ➢ 𝐒𝐭𝐚𝐤𝐢𝐧𝐠 𝐢𝐬 𝐨𝐩𝐭𝐢𝐨𝐧𝐚𝐥, 𝐧𝐨𝐭 𝐚 𝐡𝐚𝐫𝐝 𝐠𝐚𝐭𝐞. Staking is not required to participate. When enabled for a campaign, staking points can weight commitments to increase allocation share, without locking users out entirely. ➢ 𝐅𝐞𝐞𝐬 𝐚𝐫𝐞 𝐞𝐱𝐩𝐥𝐢𝐜𝐢𝐭 𝐚𝐧𝐝 𝐦𝐞𝐜𝐡𝐚𝐧𝐢𝐜𝐚𝐥𝐥𝐲 𝐜𝐥𝐞𝐚𝐫. Fees, if enabled, are tier-based and typically applied at claim on the accepted amount, rather than reducing token allocation invisibly at entry. ➢ 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐢𝐬 𝐞𝐧𝐟𝐨𝐫𝐜𝐞𝐝 𝐮𝐩𝐟𝐫𝐨𝐧𝐭. Participation is limited to KYC-approved, eligible users, with jurisdiction restrictions clearly defined. Access rules are known before capital is committed. ---------------------------------- 𝐖𝐡𝐲 𝐭𝐡𝐢𝐬 𝐦𝐚𝐭𝐭𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐮𝐫𝐫𝐞𝐧𝐭 𝐟𝐮𝐧𝐝𝐫𝐚𝐢𝐬𝐢𝐧𝐠 𝐥𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 Subscription-based sales fundamentally change the power dynamic in token fundraising. 𝘐𝘯𝘴𝘵𝘦𝘢𝘥 𝘰𝘧 𝘳𝘦𝘭𝘺𝘪𝘯𝘨 𝘰𝘯 𝘩𝘪𝘥𝘥𝘦𝘯 𝘱𝘳𝘰𝘤𝘦𝘴𝘴𝘦𝘴 𝘰𝘳 𝘱𝘳𝘪𝘷𝘪𝘭𝘦𝘨𝘦𝘥 𝘦𝘯𝘵𝘳𝘺 𝘱𝘰𝘪𝘯𝘵𝘴, 𝘵𝘩𝘦𝘴𝘦 𝘮𝘰𝘥𝘦𝘭𝘴 𝘮𝘢𝘬𝘦 𝘵𝘩𝘦 𝘮𝘰𝘴𝘵 𝘪𝘮𝘱𝘰𝘳𝘵𝘢𝘯𝘵 𝘷𝘢𝘳𝘪𝘢𝘣𝘭𝘦𝘴 𝘷𝘪𝘴𝘪𝘣𝘭𝘦 𝘵𝘰 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 𝘪𝘯𝘷𝘰𝘭𝘷𝘦𝘥 𝘸𝘩𝘪𝘤𝘩 𝘢𝘳𝘦 𝘵𝘰𝘵𝘢𝘭 𝘥𝘦𝘮𝘢𝘯𝘥, 𝘵𝘩𝘦 𝘭𝘰𝘨𝘪𝘤 𝘣𝘦𝘩𝘪𝘯𝘥 𝘢𝘭𝘭𝘰𝘤𝘢𝘵𝘪𝘰𝘯, 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘧𝘪𝘯𝘢𝘭 𝘰𝘶𝘵𝘤𝘰𝘮𝘦𝘴. That transparency is exactly why this model is gaining traction. It’s also why ChainGPT Pad launching this format places it directly alongside Legion, BuidlPad, and Impossible Finance, rather than outside the modern fundraising conversation. The competition here isn’t about hype it’s about execution under demand. ---------------------------------- 𝐖𝐡𝐚𝐭 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐥𝐥 𝐧𝐨𝐰 𝐰𝐚𝐭𝐜𝐡 𝐜𝐥𝐨𝐬𝐞𝐥𝐲: ➢ How oversubscription ratios play out in live sales ➢ How clean and timely excess refunds are processed ➢ How users respond to post-window allocation clarity ➢ How demand concentrates across competing launch platforms this cycle None of these platforms promise returns or guarantee outcomes. What they do represent, structurally, is a clear departure from opaque, ICO-era mechanics toward models built on open, fair, and transparent participation. ChainGPT Pad’s Public Sale format reflects this shift directly, aligning with how users now assess trust in token launches. Confidence is no longer built through promises, but through clearly defined rules and observable mechanics. If you’ve been following how token launches are changing, this is a notable move, check it out and see for yourself.
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