Last week, Gavel, a token distribution and liquidity bootstrapping platform on Solana was launched relatively under the radar, corresponding with their first demo presale of the IBRL test token. The sandwich-resistant batch-auction AMM is now one of the many unique lineup of products designed by Ellipsis Labs. And while there’s no shortage of launchpads in the space, Gavel’s recent launch has been met with speculative optimism that the problem regarding fair token launches might finally be addressed.
And personally, this was one of those few interactions I’ve had with a product that genuinely felt seamless and reminiscent of the early IDO-era days – an auction where everyone got the same price pre-launch. Of course, the IBRL token was only intended as a demo test token on behalf of Gavel, however, that hasn’t stopped it from running up recently.
Gavel – A Platform for Fair Token Launches
It’s worth diving into what Gavel exactly is, since there is some nuance in the phrasing that would imply it’s a launchpad akin to Coinlist, etc., which isn’t quite correct. While Gavel can facilitate token distributio
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