Venmo Was A Hit, Can They Go Two-For-Two?
The co-creator of Venmo has just introduced a new platform called JellyJelly and this is making a lot of noise in the cryptocurrency community due to the ‘fair-launch’ token model. Yes, you’ve heard it; there are no venture capital backdoor deals or secret presales; everyone is free to buy into the company from the beginning.
What is JellyJelly?
JellyJelly is a new project that integrates community control with all the features of Web3, and it promises to be more transparent than most crypto projects started when they first started. It is a kind of new-generation social network, where the token is not only a symbol, but also the means of influencing the development of the platform, making decisions and voting.
Is it Really a Fair Launch?
“Fair launch” tokens are designed to achieve fairness by not includes the typical early launch sales that allow whales to purchase a large portion of the tokens before the public can even purchase. It is a brave attempt especially when a Venmo co-founder is steering the ship—someone who has a fair idea of how to launch payment services to millions of people.
Hype Meter for 100x Traders
Naturally, any platform with high-profile founders behind it will attract attention. At 100x, we are investors in high-potential opportunities, but we know that projects can hype ‘fair launches’ only to introduce tokenomics that are advantageous to the insiders later on. For now, there seems to be nothing suspicious about JellyJelly’s positioning, but it will be important to watch how the tokens are going to be allocated and whether there are any ‘whale’ accounts hidden behind the accounts.
Key Takeaways:
- No Overhyped Presale: Ideal for the “decentralization first” crowd.
- Major Cred: A Venmo co-founder provides solid experience to the project.
- Watch for Red Flags: It is always important to check the distribution and governance or the development teams’ transparency.
Final Word
It is a JPEX Clone Script that can be a new approach to a fair-launch token in a world of presale hype. If the platform delivers on its promises and gains popularity, it could be a good project in the social-Web3 category. Nevertheless, as always, remember that in the crypto world, everything can turn into a pile of dirt if something is off.
