Spent some time today working through the token question for
@Balcore_AI , and the answer starts with a clear no: there will be no token at launch.
Balcore will launch with protocol-owned liquidity and validate its ability to keep trading fees ahead of impermanent loss on mainnet before opening to outside depositors. A token comes later, once there is real TVL and a real community for it to serve. Its purpose will be to support the ecosystem’s growth, rather than become a product in itself.
The token will give depositors governance over the parameters the protocol exposes onchain and reward people who bring productive liquidity and new assets. Those rewards will be tied to the fees their liquidity generates, rather than deposit size alone. It will also reward long-term commitments through lock-to-earn staking and offer tangible benefits within the product for holders.
First, launch the product and establish revenue. Then introduce the token model to accelerate the ecosystem’s growth.
Be the Market Maker. There is no escape 🔺
