most token launches focus heavily on getting attention.
@wirenetwork seems to be thinking about what happens after the attention arrives.
one thing that caught my attention while looking into Wire is how early they are approaching liquidity ahead of the
$WIRE launch.
instead of launching first and trying to figure out liquidity afterward, Wire plans to build protocol-owned liquidity before mainnet through its LCO.
LCO stands for Liquidity Creation Offering.
the structure is pretty simple:
people can either buy
$WIRE pre-tokens or stake ETH and SOL to earn them.
the proceeds from the LCO, along with the staking yield, are planned to go toward Wire liquidity pools rather than network operations.
and this part makes sense to me.
a token can launch with plenty of attention, buyers and hype, but without enough liquidity, price movement can still get messy.
Wire is trying to address that before
$WIRE goes live.
the pre-tokens are designed to convert 1:1 into
$WIRE at TGE, while the LCO is intended to establish liquidity around the launch from the start.
that’s the part I find interesting.
they’re thinking about the market structure before the token even hits the market.