On September 26, 2026, the Agent sector Web3 startup DelosDAO saw the expiration of the private placement LP lock-up period. For most Web3 projects, the expiration of the LP lock-up often means a major liquidity test. According to the publicly available data on the DelosDAO blockchain, as of the publication date, the proportion of private placement LP withdrawals from the project was less than 2%. This phased feedback provides a new perspective for observing the fundraising and community-building mechanisms of Web3. The ILO fundraising method adopted by DelosDAO has thus entered the industry spotlight.

The innovation of DelosDAO's fundraising mainly addresses two core issues: one is the issue of investment returns in the early private placement; the other is the issue of the sustainability of core value.

Firstly, DelosDAO has pioneered a completely new public fundraising method for blockchain projects - ILO (Initial Liquidity Offering). Under the ILO framework, users directly participate in minting, and the project team sets a single subscription ratio. Subscription success means successful minting, and the private placement funds and the minted tokens are injected into the PancakeSwap liquidity pool in proportion to the initial issuance price. Subscribers receive an equal amount of LP shares in return, and the users hold LPs rather than directly holding tokens. In the decentralized trading market, the value foundation of the token actually lies in the LPs. Holding LPs is to some extent equivalent to holding the project's shares.

The key difference between this mechanism and traditional fundraising methods such as ICO and IEO lies in the ownership attribution: In the ILO framework, the initiator does not reserve tokens, and the initial LPs give up management rights and hold the tradable portion. The tradable portion is held by the community builders. That is to say, early participants are not only liquidity builders but also the holders of the project's value ownership from the very beginning.

This phased success of ILO means that the initiation mechanism of the Web3 industry is moving from "capital formation" to "community formation". Fundraising is no longer just a financing activity; it is also the starting point for ownership distribution and community organization. DelosDAO's practical data initially shows that the ILO mechanism may have a better incentive effect on community members than fundraising methods such as ICO and IEO.

Of course, DelosDAO's ability to retain the majority of liquidity participants is not solely due to the innovation of the fundraising method. At the same time, the project's chosen sector, business model, project concept, and economic model are also attractive.

Firstly, DelosDAO was the first to propose a token with its own productivity, making the project token significantly different from meme tokens and traditional application tokens. According to official data, the self-productivity of Delos tokens stems from the automatic profit-making of the Agent on the Delos platform. If the project can continue to maintain a leading position in technology, then the value of its token will continue to appreciate as it continues to produce, which is one of the reasons why early participants are confident about the project's future.

Secondly, DelosDAO has enabled users to see the advantages of its economic model in a short period: DelosDAO's core business is a trading Agent employment platform. The basic service fee paid by users to hire Agents not only enables the community to develop orderly but also gives the token a stable base buying force. Delos token has thus shown a strong upward trend on PancakeSwap. In an unopened public trading situation, the continuous and stable increase has allowed users to see that the theoretical logic is becoming a reality.

Moreover, DelosDAO continuously incentivizes community members to participate in community building with LPs. As an Agent employment platform, a portion of Agent's output is added as LP through smart contracts to incentivize the evangelists. And LP, as the project's value benchmark, perfectly aligns with the Web3 spirit of co-creation, co-construction, and sharing. The liquidity change data of Delos tokens on PancakeSwap also reflects that this move has gained recognition from the community members, which enables Delos tokens to have the conditions for a continuous increase in liquidity thickness.

The success of DelosDAO's ILO this time may provide some new ideas for those Web3 projects that are planning to launch.

First, the fundraising mechanism should focus on solving the problem of "who has the motivation to stay and participate in co-creation", rather than relying on rules such as lock-up duration for constraints.

Second, do not just "give permissions away", but "share ownership". Giving up permissions solves the problem of permission trust, but it is also more likely to enter an irresponsible inaction state; sharing rights, sharing value, and jointly governing can solve the problem of who has the motivation to co-create.

Third, the economic model must be highly integrated with the actual business. If the economic model is not sound, the ILO will just be a new narrative.

It is hoped that more Web3 projects can connect tokens, LP, and real business, governance rights with reality, so that the fundraising of the Web3 industry can truly move from "one-time financing" to "sustainable operation".