How to Structure a Second Token Raise

A second token raise is where weak launch structures get exposed. If the only way to raise again is to surprise or structurally punish existing holders, then the system was never designed for a real project.

A better second raise needs explicit rules: bounded issuance, clear pricing logic, and a fair holder response path. That is the problem Mammoth is designed to solve.

Instead of improvising future capital formation, Mammoth treats each round as a structured cycle. That gives founders a cleaner way to raise again without turning the next round into a trust-destroying event.