Internet Capital Markets founders are making a grave mistake by launching a token

ESPECIALLY if the target audience for the product is not the one buying the token

The token buyer’s SOLE GOAL is to sell your token for a profit

The only thing they care about is a narrative/idea they can use to pump the price as fast as possible

They fool founders into believing they have product market fit

And then when the founder ACTUALLY needs to build the product - they have baggage from the token and still no customers

Then your token holders become impatient and demanding stakeholders even though they likely have less than $100 in your token

This is why I believe in its current state, Launchcoin and Virtuals aren’t ready for real adoption

The ONLY time it works is if your product is actually good and you’re targeting crypto-native people to bootstrap the initial attention for it

Kaito and Hyperliquid are the only 2 examples I’ve seen where the token was essential for their success