"Simplex probably went down that token route just to cover costs" this is what gets me. there is only one way that launching a "utility" token would bring in money, and that is if you pre-mine and play games with the market (rug pull) Otherwise if you in theory made a fair token launch it wouldn't bring in any money 🤔

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Yeah, exactly — unless there’s some genuine utility or revenue model behind it, tokens usually end up being a funding shortcut