A BRIEF HISTORY OF TOKEN LAUNCHES

Summary from the TLDR Crypto newsletter

Token launch strategies have evolved from Bitcoin's proof-of-work distribution through ICOs and IEOs to DeFi-era mechanisms like airdrops and yield farming. Innovations such as IDOs and liquidity-bootstrapping pools enabled permissionless market entry, while platforms like Pump.fun and DAOs.fun broadened access to issuance. Emerging tools from Zora and Believe now fuse social media dynamics with token creation. Doppler Protocol leads the next phase with dynamic auctions, multicurve pricing, and automated liquidity migration for secure, compliant token launches.