A TOKEN WON'T SAVE YOU

Summary from the TLDR Crypto newsletter

Token launches are a double-edged sword. While they drive economic activity and growth if a protocol demonstrates strong product-market fit, they can also tarnish a project's reputation if it underperforms. Tokens should amplify genuine, revenue-generating products rather than serve as a shortcut to quick liquidity and attention, as a down-only token will impede adoption. Coordinated launches are particularly important for ecosystems to avoid splitting demand and diluting market impact. They should be profitable and sustainable, rather than relying on speculative community capital.