- LOUD tokens are available on Solana platform post IAO.
- Engagement-based token distribution model employed.
- Moderate fundraising goal of 400 SOL targeted.
LOUD tokens, overseen by the Loud! project, have launched and are available for claim following the Initial Attention Offering conducted via HoloworldAI’s HoloLaunch on the Solana ecosystem.
Innovative Launch Approach
The $LOUD token’s launch, facilitated by the Loud! project, marks a significant step in SocialFi. Conducted via HoloworldAI’s HoloLaunch on Solana, the IAO involved a unique distribution model based on engagement metrics. This engagement-driven model prioritizes user interaction, reflecting a shift from traditional capital-based distribution.
The IAO adopted an innovative approach, distributing tokens according to engagement rather than capital committed. With a modest target of 400 SOL (approximately $70,000), LOUD’s fundraising was notably limited in market impact but highlighted a new direction in SocialFi. 45% of the $LOUD supply was offered through the IAO.
Community reactions have been positive, with enthusiasm for the novel approach in token allocation. The use of Solana for fundraising ensures ecosystem integration, attracting users interested in SocialFi developments. The approach emphasizes user attention, rather than financial commitment, as a basis for participation.
“Community response has been characterized by high interest in the novel distribution mechanism.” – LOUD Team, Loud!
Long-term effects could include a rise in projects using similar methods, especially within engagement-heavy ecosystems. While regulatory responses are absent, the model could influence future cryptocurrency offerings. Drawing interest in SocialFi, the initial modest fundraising highlights the potential for future attention-driven offerings in the crypto landscape.
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