Unchained Uneasy Money: Why Crypto Still Can't Overcome Its ICO Struggles
Jan 23, 2026
The chaos surrounding Trove's ICO launch reveals ongoing struggles in the crypto world. Discussions dive into address-poisoning scams and how to spot suspicious projects. The hosts analyze X’s strategy to block InfoFi apps, claiming it could strengthen the platform. They debate whether Cosmos' technical limits are holding back its potential. Paradex's rollback sparks a conversation about the shifting ideology of 'code is law.' Listeners are treated to insights on decentralized social media's challenges and the transformative power of token-native payments.
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Near-Miss With Trove Token
- Kain described Trove's ICO as oversubscribed, pivoting chains, incomplete refunds, and a brutal TGE dump.
- He said he almost got involved but dodged being associated with the failed launch.
Token Launches Regularly Break Down
- Crypto still can't reliably launch tokens without chaotic crashes and manipulation.
- Successful launches need experienced advisors or gatekeepers to prevent disastrous outcomes.
Underwrite Token Launches Like IPOs
- Do get experienced, aligned backers or advisors before a public token sale to avoid launch disasters.
- Treat token launches like public offerings that require underwriting and gatekeepers.