币界网报道：The crypto industry is being called to revisit the concept of "fair launches" as a sustainable growth strategy, moving away from the prevalent pre-mine and venture capital-heavy models that have dominated recent years. Advocates argue that fair launches, where tokens are distributed equitably without preferential allocations to insiders or investors, foster greater decentralization and community trust. This approach contrasts sharply with current practices where early backers and teams often hold significant portions of supply, leading to concerns over centralization and misaligned incentives. Projects like Bitcoin and Dogecoin, which employed fair launch mechanisms, are cited as examples of long-term resilience and organic adoption. Critics of the status quo highlight how pre-mined tokens frequently result in price manipulation and speculative trading, undermining ecosystem health. Proponents suggest that fairer distribution models could mitigate these issues by aligning stakeholder interests and reducing reliance on mercenary capital. The discussion gains relevance as regulatory scrutiny intensifies globally, with authorities increasingly focused on equitable access and investor protection in crypto markets. While some argue that fair launches limit fundraising potential, others counter that community-driven growth leads to more sustainable networks. The debate reflects broader tensions in crypto between decentralization ideals and practical fundraising needs, with many now urging a return to first principles for the industry's next phase.