Do you remember a couple weeks ago during L*udio when talked about how the IAO model could be an interesting new distribution mechanism attempting to replicate the success of ICOs, but requiring a smidge of social capital instead of just hard capital?

I just realized that @useBackroom is doing exactly that.

I hadn't connected the dots until I went and re-read the website this morning, but it's a slightly modified IAO from the one we saw a couple weeks back.

I'm hopeful it goes well and that others will continue experimenting with this initial distribution mechanic...I think there's something of value in overcoming the cold-start problem for coins without resorting to a bonding curve