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Boop.Fun leading the way with a new launchpad on Solana.
The debate around tokens not capturing value is so dumb
If tomorrow Google acquires Solana Labs (after eying those sweet, sweet @solanamobile), what would happen to the price of SOL?
I think there's an >80% chance it will go up, but most importantly, it would not go to 0
Why?!!! Futard gods forbid!
Because the token is a network token, not equity in Solana Labs. It has zero claim to the equity, and still captures value from the utility network participants get (users, validators, stakers, etc.).
Tokens are just a wrapper around some underlying utility. The form factor doesn't magically change how the value is being created.
If you’re buying or launching a token, ask yourself: “Is there a credible path for the team to disappear and the token still have value?
If not, just tokenise your equity or use @MetaDAOProject
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