I personally think that high-quality alpha projects would never rush to list on exchanges
Debirth
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Jackson is forging a path that disrupts the industry!
The distorted model of 'list and dump' Many projects pay up to 20%-30% of tokens as 'listing fees' to secure exchange listings. However, these tokens create massive initial sell pressure, resulting in a lose-lose-lose situation for project teams, long-term users, and ecosystem builders! Hyperliquid's on-chain journey Completely reject CEX, fully build on-chain, its revolutionary proof: The project can achieve great success without CEX endorsement, building a healthy ecosystem Fairness first: eliminate institutional discounts and gray allocations, ensuring all participants equally acquire assets on-chain Cost and loyalty: save massive listing fees, redirect resources to product and community, aligning interests with users
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