Launching tokens is legally challenging of course. From our side, we have 2 legal entities one that accepts the grant from Arbitrum and distributes the grants to the teams, and then one that supports the team and their token economy. In our terms and smart contracts, the project launches their own token and supporting contracts. We advise them to use a one time-use EOA to do this and load it with ETH from a mixer to avoid anyone having weird personal liability.
We are mitigating the legal issues for the teams as much as possible, first by selecting teams that are legit & have a clear utility for their token, and also we give their token utility right away with a token gated chat. We have a partnership with MIDAO to set teams up with a legal solution for their token if they don’t have one.
True, I am probably overstating the PMF. They have validated market demand from governments… but that is different.
We are not a silver bullet for a project of course, but our set up gives builders a great chance to succeed and gives the community ample opportunities to get in to their token early and safely.
We are not designed to be a gambling machine like pump fun, so we miss out on a lot of the gambling volume, and we aren’t running bots to fake anything.
100% agree.