Tokens was launched via Exchange -Run Launch pads to have delivered returns with double prints in 202, but the fundraising channel still taxing retail users with steep valuations and opaque assignments, Mexc Research said in a July 15 report.
The report rated dozens of offers on Centralized Exchange (CEX) and decentralized Exchange (DEX) platforms. Mexc registered five lists in the first half of the year with an average peak efficiency of 10.83 times the selling price, with the deal at the top of the deals.
Bybit posted the best single outcome, achieved by Xterio, with an efficiency of 14.71 times the initial investment. Nevertheless, it required users to lock platform tokens via a laminated system.
At the same time, Gate.io reduced access costs to 1 USDT, although most of the allocation still went to strikers that met the Snapshot rules.
DEX locations such as Pump.Fun matched CEX returns occasionally and offered unlimited access, but participants were confronted with extreme price changes and a higher incidence of carpet straps because lists of Diligence have skipped.
Structural errors Hinder Post -Reese performance
The report identified various mechanics that dilute the long -term value. Many launch platforms give a list of tokens with blown up completely diluted valuations while releasing only a small circulating stock. This combination encourages early holders and platforms to sell in the first wave of the demand for secondary markets.
Immediate draws show trust and have retail buyers find out that assets hold valuable assets, despite headline Roi figures.
Access design is also the benefits in favor of insiders. CEX programs often prefer large balance sheets via VIP layers or raised expansion thresholds, while DEX binding curves can be gamed by bots that manual buyers in front.
Both paths undermine the “democratic sacrifice” story that originally distinguished the sale of token from traditional venture rounds.
Valuation caps and allocation based on contribution
The report sketched emerging models that were designed to tackle these mistakes.
Fair launch frameworks with dynamic prices are intended to increase distribution without exceeding tokens, while contribution-based systems, such as Genesis virtuals, assign spots to users who test networks or keep NFTs ecosystem, instead of those who use capital.
In addition, full -cycle incubation programs promise liquidity, marketing and post -listing supervision to coordinate projects to investors. The report ordered hard caps on fully diluted valuations, higher public -round ratios and flexible qualification criteria that scales with project maturity.
They also called for Post-Launch Accountability Metrics, so can keep track of platforms or meet lists after the first sale of developmental mile poles.
The study concluded that launch pads will continue to dominate at an early stage during the next market distribution. Only models that return to return with transparent allocation and realistic prices, however, will probably retain the trust of the user.
