They were superseded by defi and especially decentralized exchanges.
In the ICO era, the only way to get a coin tradeable was to get it listed on centralized exchanges. Once uniswap and other dex launched, it became much easier to launch a new token. Now you only needed assets for liquidity and did not need to raise funds for marketing and listing.
Defi farming took it even further by paying users tokens for providing dex liquidity, this additional step meant that a project of interest to users did not even need to acquire assets directly for liquidity but instead could rely on its userbase.
Defi 2.0 tech took this further by solving the primary issue of defi which was runs on liquidity. The key term is “POL” that is Protocol owned liquidity. Many experiments failed but today most tokens that successfully launch and are more than a flash in the pan use some variant of POL.
In the ICO era, the only way to get a coin tradeable was to get it listed on centralized exchanges. Once uniswap and other dex launched, it became much easier to launch a new token. Now you only needed assets for liquidity and did not need to raise funds for marketing and listing.
Defi farming took it even further by paying users tokens for providing dex liquidity, this additional step meant that a project of interest to users did not even need to acquire assets directly for liquidity but instead could rely on its userbase.
Defi 2.0 tech took this further by solving the primary issue of defi which was runs on liquidity. The key term is “POL” that is Protocol owned liquidity. Many experiments failed but today most tokens that successfully launch and are more than a flash in the pan use some variant of POL.