Crypto Fundraising Gets a Makeover: Arthur Hayes Proposes 'Points' System BitMEX CEO Arthur Hayes is shaking up the crypto fundraising scene, advocating for a fresh approach to replace the increasingly scrutinized ICOs. In his thought-provoking blog post titled 'Points Guard,'
Hayes puts forth an innovative concept aimed at fostering sustainable growth in the Web3 realm. Enter the era of
crypto points, a fusion of ICO and yield farming advantages that's gaining traction as the go-to method
for raising funds and engaging communities during this bullish phase. While ICOs have been a popular way for blockchain projects to gather capital,
they often find themselves entangled in regulatory red tape due to their security-like nature. Hayes suggests that adopting a points-based system could help sidestep these legal hurdles,
offering a more compliant path forward. On the other hand, yield farming has been rewarding users with new tokens
for actively participating in protocols. However, Hayes cautions that if everyone jumps on the bandwagon,
the finite supply of these digital assets might face strain, potentially impacting their value and long-term viability.
As the crypto industry continues to evolve, it's clear that
innovation is key. With his 'Points Guard' proposal, Arthur Hayes aims to spark a conversation about alternative fundraising models
that can ensure both regulatory compliance and sustained user engagement. Will this idea take flight? Only time will tell.
