> IxO tokens are totally different. By providing liquidity on day one (before you have anything) and opening it up to anyone of any level of sophistication is a

> IxO tokens are totally different. By providing liquidity on day one (before you have anything) and opening it up to anyone of any level of sophistication is an abject disaster. These tokens aren't linked to equity, they aren't linked to business value, they don't provide voting rights. They're just fun little tokens. This isn't true though, many of these have locked liquidity that's distributed over some vesting period. It's true that the vesting periods are typically much shorter in crypto than in traditional non-crypto businesses (6 months to a year are common vesting periods), but there are businesses which have done periods as long as 4 years to full vesting. I'll dig up some examples and edit this edit with examples: - Uniswap (which basically invented the AMM) has a 4 year vesting period: https://uniswap.org/blog/uni https://uniswap.org/blog/uni - Beethoven X (which forks and improves on a different AMM protocol that provides multi-asset portfolio style liquidity pools) vests 95% of the team allocation linearly over a 4 year period: https://docs.beethovenx.io/beets/tokenomics https://docs.beethovenx.io/beets/tokenomics