加密 ICO 領域的黎明：Echo、Legion、Buidlpad 以及新一代 IC0 平台的崛起

近期，關於加密項目公開發售的消息越來越多。值得注意的是，這些加密項目並沒有選擇早期的IC0平台Coinlsit作為銷售平台，而是轉向低調崛起的新一代IC0平台

In recent times, there has been a surge in news regarding the public sale of crypto projects. Notably, these projects have not opted for the early IC0 platform Coinlist as their sales platform. Instead, they have turned to a new generation of IC0 platforms that have quietly risen in popularity, such as Echo, Legion, Buidlpad, and others, which have already established a strong influence within the overseas crypto community.

最近一段時間，有關加密項目公開發售的消息激增。值得注意的是，這些項目並沒有選擇早期的IC0平台Coinlist作為銷售平台。相反，他們轉向了悄悄崛起的新一代IC0平台，例如Echo、Legion、Buidlpad等，這些平台已經在海外加密社群建立了強大的影響力。

Many well-known crypto projects, including Ethena, Usual, Monad, Initia, MegaETH, Fuel, Solayer, etc., have raised funds from the community through these platforms. According to many overseas crypto community users, participating in the financing activities of these emerging ICO platforms has become their primary method of generating income.

許多知名的加密項目，包括 Ethena、Usual、Monad、Initia、MegaETH、Fuel、Solayer 等，都透過這些平台向社區籌集了資金。不少海外加密社群用戶表示，參與這些新興ICO平台的融資活動已成為他們創造收入的主要方式。

On January 18, the first public sale project, Solayer (LAYER), on the IC0 platform Buidlpad, created by former Binance executives, ended its sale with final funds raised reaching $57.3 million, exceeding the original plan of $10.5 million by 545.24%.

1 月 18 日，由前幣安高管創建的 IC0 平台 Buidlpad 上的首個公開發售項目 Solayer（LAYER）結束發售，最終募集資金達到 5730 萬美元，比原計劃的 1050 萬美元超出了 545.24%。

On January 13, Cobie, the founder of the Echo platform, revealed an interesting phenomenon: some VCs are pressuring crypto projects to prevent them from offering discounts to investors or conducting community sales through platforms like Echo. In response, Legion, an ICO platform incubated by Delphi Labs, expressed sympathy and confirmed that there are indeed VCs preventing projects from being publicly sold.

1 月 13 日，Echo 平台創辦人 Cobie 透露了一個有趣的現象：一些 VC 正在向加密項目施壓，阻止他們透過 Echo 等平台向投資者提供折扣或進行社區銷售。對此，德爾福實驗室孵化的ICO平台Legion表示同情，並證實確實存在創投阻止專案公開發售。

Although VCs attempt to restrain crypto projects from participating in IC0, this merely reflects the significant influence these IC0 platforms have attained, occupying an important position in the hearts of crypto project parties and communities. For a long time, the crypto community has been troubled by VC coins with "high valuation, high FDV, and low circulation," but these platforms provide users with early opportunities to participate in projects.

儘管VC試圖限制加密專案參與IC0，但這只是反映了這些IC0平台所具有的重大影響力，在加密專案方和社群心中佔據了重要地位。長期以來，加密社群一直被「估值高、FDV高、流通量低」的VC幣所困擾，但這些平台為用戶提供了早期參與專案的機會。

On the same day, Buidlpad stated that due to the large number of registered users participating in the Solayer public sale, its website was paralyzed after KYC was closed, and the sale time had to be postponed.

同日，Buidlpad 表示，由於參與 Solayer 公開發售的註冊用戶較多，其網站在 KYC 關閉後陷入癱瘓，發售時間不得不推遲。

All these indicators suggest that the crypto ICO sector is expected to see the dawn of recovery.

所有這些指標都表明加密貨幣ICO行業有望看到復甦的曙光。

Echo: Crypto Angel Investor Community Alliance of "Public Offering and Private Sale"

Echo：「公募私募」加密天使投資人社群聯盟

Echo is a crypto financing platform founded by crypto KOL @Cobie. Cobie, whose real name is Jordan Fish, joined Lido in 2021 to oversee TVL growth and is considered by the community to be the co-founder and initiator of the Web3 podcast UpOnly. He has interviewed numerous crypto leaders, such as Vitalik Buterin, Michael Saylor, and Mark Cuban, gaining immense popularity.

Echo是由加密KOL@Cobie創立的加密融資平台。 Cobie 的真名是 Jordan Fish，於 2021 年加入 Lido，負責監督 TVL 的成長，並被社群認為是 Web3 播客 UpOnly 的共同創辦人和發起人。他採訪了許多加密貨幣領導人，如 Vitalik Buterin、Michael Saylor 和 Mark Cuban，獲得了巨大的知名度。

In March 2024, Cobie announced the release of the beta version of the Echo platform and completed its first financing transaction: Ethena raised $300,000 through Echo.

2024年3月，Cobie宣布發布Echo平台測試版，並完成首筆融資交易：Ethena透過Echo募集了30萬美元。

Unlike previous public ICO platforms with large-scale user participation (such as Coinlist), Echo is not a public fundraising platform for retail investors but more like a crypto investor community alliance. On the Echo platform, users are supported to create their own investment communities as lead investors and share their investments with group members to invest together, and then the lead investor can extract a certain share of the investment income.

與先前大規模用戶參與的公共 ICO 平台（如 Coinlist）不同，Echo 並不是針對散戶投資者的公共籌款平台，而更像是加密投資者社群聯盟。在Echo平台上，支持用戶作為領投人創建自己的投資社區，並與團體成員分享投資，共同投資，然後領投人可以獲得一定份額的投資收益。

The working mechanism of the Echo product is similar to the joint investment product Syndicates launched by the American startup fundraising platform AngelList. It aims to allow individual angel investors to raise money from other individual investors just like VCs raise funds from LPs and then get a certain share of the investment income, so that those investors with little money but abundant resources have the opportunity to play the role of VC. Therefore, Echo is also called a crypto angel joint investment platform.

Echo產品的工作機制類似美國創業融資平台AngelList推出的聯合投資產品Syndicates。旨在讓個人天使投資人像VC向LP募集資金一樣，向其他個人投資者募集資金，然後獲得一定份額的投資收益，讓那些錢少但資源豐富的投資者有機會扮演天使投資人的角色。 。因此，Echo也被稱為加密天使聯合投資平台。

In the early days, each financing amount on Echo was usually concentrated in hundreds of thousands of US dollars, and the number of investors involved was mostly around dozens of people, which was more suitable for the early angel round and VC financing stages of the project.

在早期，Echo 每筆融資金額通常集中在數十萬美元，參與的投資人大多在數十人左右，比較適合計畫早期的天使輪和 VC 融資階段。

Currently, if users want to use the Echo platform to invest in projects, they first need to go through the KYC process such as email, wallet, X account, etc.

目前，用戶如果想使用Echo平台投資項目，首先需要經過郵箱、錢包、X帳戶等KYC流程。

It is worth noting that all fundraising on Echo is done through private sales, with no details disclosed, no marketing or publicity, and only qualified investors can see the transactions. Investors need to join the group created by the lead investor to obtain fundraising information. Now, if you want to become a lead investor, you need an invitation from Echo. Generally, well-known people in the crypto industry are more likely to be invited.

值得注意的是，Echo 上的所有募款均透過私募方式完成，沒有透露任何細節，沒有行銷或宣傳，只有合格的投資者才能看到交易。投資者需要加入領投人創建的群組才能獲取募資資訊。現在，如果你想成為領投者，你需要Echo的邀請。一般來說，加密產業的知名人士更有可能被邀請。

It was revealed that people such as Larry Cermak, CEO of The Block, and Marc Zeller, founder of Aave, have created their own Echo communities. Users who want to join not only need to take a test but also need to meet certain conditions to obtain specific investment opportunities within the group.

據透露，The Block 執行長 Larry Cermak 和 Aave 創辦人 Marc Zeller 等人創建了自己的 Echo 社群。想要加入的用戶不僅需要參加測試，還需要滿足一定的條件才能獲得群組特定的投資機會。