Long-term builders are ecstatic; those project teams trying to delay TGE and slowly build their positions are probably now sweating profusely.

Backpack CEO Armani Ferrante said that if the project team is only looking for an exit window, delaying the TGE is indeed possible; but if the goal is long-term development and truly winning the market, the TGE should be as early as possible. He said that if the project team is worried about FUD, it’s best not to issue tokens from the start. He said that he has done minting and the TGE multiple times near the highs in a bear market and believes that market timing is not as important as outsiders think.