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    Author Topic: Say no to maximalism  (Read 2794 times)
    legiteum
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    August 15, 2024, 12:23:17 AM
     #81


    Unfortunately even in this case the token issuers can be dishonest and achieve the same result. If there is an ICO, they can simply sell meme tokens to themselves. At least if the payment is anonymous -- or if the KYC is done by the issuers themselves.

    The only way to prevent this really is to distribute the coin via mining or validation (like Doge) from the start or via PoS. If mining is not an option, premine a relatively small part and then distributing the rest via PoS is a possibility, although in this case of course the founders will likely participate in the PoS as well.

    Or the whole distribution is done via an IEO or another centralized platform with KYC. However, there are many reasons such distributions are also not really ideal. I'd still prefer Doge's model.

    Interesting stuff. I'm certainly taking notes on these ideas for our project! Our goal is to provide a safe, fair, scalable platform for memecoins


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