Category: ICO

EigenLayer’s EIGEN Airdrop Might Signal Demise of Once-Popular ‘Points’

But when it comes to protecting investors and offering transparency, Robert Leshner, the founder of Compound and Robot Ventures, an investor in EigenLayer developer Eigen Labs, thinks points are the worst of all worlds. “The entire root of investor protection is making sure that there’s not an information asymmetry between the investors and the sponsors. And points create the largest information asymmetry that exists in crypto,” he said. “Everything is at the team’s discretion, and users and investors are just praying that they get treated right by the team.” Source

Influencer-Investors Get Special Treatment in Token Deals

KOL arrangements are “a win for protocols, a win for KOLs, but a heavy loss for retail,” said Muur, the influencer who said she doesn’t take these deals. “These deals are not properly disclosed in most cases, so the community doesn’t know about KOL rounds and its vesting terms,” she lamented, expressing a sentiment echoed by other insiders. Source

Reimagining Female Empowerment in the Age of Digital Influence and Crypto

For many young women of this generation, the digital realm serves as both a canvas and a stage. Social media platforms offer a medium through which they can curate their image, projecting an idealized version of themselves to the world without the need for physical alteration. With the rise of influencer culture, these individuals find themselves thrust into the spotlight, their online personas meticulously crafted to garner attention, recognition and status. Source

Math Olympian in Shadow of John Nash Tries to Solve Blockchain, AI Trust Dilemma

The concept for the new protocol was created in conjunction with researchers from Berkeley and Columbia University, according to the team. It combines math, computer science and economics, deploying “advanced sampling methods and game theory to incentivize integrity and minimize computational demands across decentralized networks,” Hyperbolic shared in a press release with CoinDesk. Source

Prometheum's Contentious Answer to Crypto Compliance Is Running Late

Much of the crypto sector has been apprehensive about the ribbon cutting on Prometheum’s custody and trading operations, which the firm said will fully comply with U.S. Securities and Exchange Commission (SEC) demands. The doors have so far stayed shut well past the target date, but the company explained it’s still finishing a process for auditing smart contracts. Source

DCG, parent of GBTC Sponsor, Reports Q1 Revenue of $229M

In January, Grayscale converted GBTC, which had been in existence as a closed-end fund for over a decade, into a spot ETF, becoming one of ten issuers to bring such a fund to the market. While billions flowed into the new vehicles, GBTC, whose management fee of 1.50% was more than 100 basis points above its competitors, experienced billions in outflows. Source