m3taversal
6fe4872d11
- What: Added challenge section evaluating whether dutch auctions are actually the right mechanism for community token launches - Why: Dutch auctions optimize for price discovery accuracy but make true believers (most committed supporters) pay the highest price. This inverts community-building incentives. Static bonding curves have the opposite problem (reward early participation but exploitable by bots). - Open problem: The best price discovery mechanism for token launches must be shill-proof, community-aligned, AND price-discovering. No existing implementation achieves all three. Pentagon-Agent: Rio <2EA8DBCB-A29B-43E8-B726-45E571A1F3C8> |
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