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

近期，关于加密项目公开发售的消息越来越多。值得注意的是，这些加密项目并没有选择早期的IC0平台Coinlsit作为销售平台，而是转向低调崛起的新一代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.

最近一段时间，有关加密项目公开发售的消息激增。值得注意的是，这些项目并没有选择早期的IC0平台Coinlist作为销售平台。相反，他们转向了悄然崛起的新一代IC0平台，例如Echo、Legion、Buidlpad等，这些平台已经在海外加密社区建立了强大的影响力。

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.

许多知名的加密项目，包括 Ethena、Usual、Monad、Initia、MegaETH、Fuel、Solayer 等，都通过这些平台向社区筹集了资金。不少海外加密社区用户表示，参与这些新兴ICO平台的融资活动已成为他们创收的主要方式。

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，由前币安高管创建的 IC0 平台 Buidlpad 上的首个公开发售项目 Solayer（LAYER）结束发售，最终募集资金达到 5730 万美元，比原计划的 1050 万美元超出了 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 平台创始人 Cobie 透露了一个有趣的现象：一些 VC 正在向加密项目施压，阻止他们通过 Echo 等平台向投资者提供折扣或进行社区销售。对此，德尔福实验室孵化的ICO平台Legion表示同情，并证实确实存在风投阻止项目公开发售。

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.

尽管VC试图限制加密项目参与IC0，但这仅仅反映了这些IC0平台所具有的重大影响力，在加密项目方和社区心中占据了重要地位。长期以来，加密社区一直被“估值高、FDV高、流通量低”的VC币所困扰，但这些平台为用户提供了早期参与项目的机会。

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，由于参与 Solayer 公开发售的注册用户较多，其网站在 KYC 关闭后陷入瘫痪，发售时间不得不推迟。

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

所有这些指标都表明加密货币ICO行业有望看到复苏的曙光。

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

Echo：“公募私募”加密天使投资人社区联盟

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创立的加密融资平台。 Cobie 的真名是 Jordan Fish，于 2021 年加入 Lido，负责监督 TVL 的增长，并被社区认为是 Web3 播客 UpOnly 的联合创始人和发起人。他采访了许多加密货币领导人，如 Vitalik Buterin、Michael Saylor 和 Mark Cuban，获得了巨大的知名度。

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宣布发布Echo平台测试版，并完成首笔融资交易：Ethena通过Echo筹集了30万美元。

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.

与之前大规模用户参与的公共 ICO 平台（如 Coinlist）不同，Echo 并不是面向散户投资者的公共筹款平台，而更像是一个加密投资者社区联盟。在Echo平台上，支持用户作为领投人创建自己的投资社区，并与团体成员分享投资，共同投资，然后领投人可以获得一定份额的投资收益。

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产品的工作机制类似于美国创业融资平台AngelList推出的联合投资产品Syndicates。旨在让个人天使投资人像VC向LP募集资金一样，向其他个人投资者募集资金，然后获得一定份额的投资收益，让那些钱少但资源丰富的投资者有机会扮演天使投资人的角色。 VC。因此，Echo也被称为加密天使联合投资平台。

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.

早期，Echo 每笔融资金额通常集中在数十万美元，参与的投资人大多在数十人左右，比较适合项目早期的天使轮和 VC 融资阶段。

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，用户如果想使用Echo平台投资项目，首先需要经过邮箱、钱包、X账户等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 上的所有募资均通过私募方式完成，没有透露任何细节，没有营销或宣传，只有合格的投资者才能看到交易。投资者需要加入领投人创建的群组才能获取募资信息。现在，如果你想成为领投者，你需要Echo的邀请。一般来说，加密行业的知名人士更有可能被邀请。

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.

据透露，The Block 首席执行官 Larry Cermak 和 Aave 创始人 Marc Zeller 等人创建了自己的 Echo 社区。想要加入的用户不仅需要参加测试，还需要满足一定的条件才能获得群内特定的投资机会。