Mira Network Abandons ICO Plans, Opts for Fair Launch Model

Mira Network has abruptly canceled its anticipated ICO, announcing a strategic pivot to a fair launch model for its rebranded Mirex token. The decision follows internal reviews and legal consultations, with the team citing systemic risks of premature token sales as the primary motivator.

ICOs often trigger volatile post-listing sell-offs, undermining project stability. Mira’s leadership emphasized avoiding this trap by prioritizing organic distribution over speculative fundraising. The MOVE reflects growing industry skepticism toward ICOs, particularly after high-profile failures linked to rushed launches and overhyped expectations.

Fair launches—where tokens enter circulation without advance sales—are gaining traction as a sustainable alternative. This model theoretically prevents whale manipulation and aligns token distribution with actual usage. However, it requires robust underlying technology to succeed without upfront capital.