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I was going to write something longer but after jotting down some notes I don’t think there’s any real point to spending too much more time on this so forgive these unpolished thoughts...Crypto loves tokens. And to have tokens we need token generation events. But what even is the point of a TGE?everyone always asks wen TGE, but nobody ever asks why TGEIdealists will say the point is to decentralize.Cynics will say the point is to enrich insiders, dump on retail and get exit liquidity.I would probably say the point is to distribute ownership such that existing users are further incentivized to continue using, supporting & evangelizing your project while new people are motivated to try it out.There is some truth to what idealists and cynics believe. For as much as people like to argue about the spectrum of decentralization, there is definitely a minimum threshold that matters. And we’ve seen a million times over that people use TGE’s to do all the destructive things cynics talk about.But...
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