đź“Ša16z has introduced 5 rules for token launches.
Rule 1: Never publicly sell tokens in the U.S. for fundraising purposes Rule 2: Make decentralization the North Star Rule 3: Communication is everything. Govern yourself accordingly Rule 4: Be careful about secondary market listings and liquidity Rule 5: Always make token lockups apply for at least one year from token launch
đź“Ša16z has introduced 5 rules for token launches.
Rule 1: Never publicly sell tokens in the U.S. for fundraising purposes Rule 2: Make decentralization the North Star Rule 3: Communication is everything. Govern yourself accordingly Rule 4: Be careful about secondary market listings and liquidity Rule 5: Always make token lockups apply for at least one year from token launch
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system. “The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new app—funded with the proceeds from the VK sale—less as a business than as a way for people to send messages while avoiding government surveillance and censorship.