Forgd Simplifies Token Launch Process for Crypto Projects with Data-Driven Tools
Shane Molidor, founder of Forgd, emphasizes the challenges of launching utility tokens in a saturated market. Key points include:
- Launching tokens has become easier with platforms like pump.fun, but achieving performance is difficult due to limited investor attention.
- Forgd offers free software for blockchain projects to design tokenomics and manage launch processes.
- Over 1,500 projects have utilized Forgd's tools, including serious projects that often collaborate with advisory firms.
- A "blue chip project" typically raises significant venture capital and lists tokens valued at $100 million or more on major exchanges.
- Forgd bases its recommendations on data analysis, examining recent successful launches and market maker performances.
- The current token launch process is deemed unsustainable, with demand peaking shortly after launch before declining.
- Molidor suggests improving mechanisms to ensure sustained secondary market demand, similar to traditional public offerings.
Forgd aims to standardize and enhance transparency in the token launch process while addressing inefficiencies in current practices.