How Do Initial Coin Offerings (ICOs) Differ from Fair Launches in Token Distribution?
An ICO is a fundraising method where a project sells a significant portion of its tokens to early investors, often at a fixed price, before the protocol launches. A fair launch distributes tokens primarily through participation in the protocol, such as liquidity mining, with no pre-sale to insiders or venture capitalists.
Fair launches aim for broader, more decentralized distribution from day one.