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Most token sales are like this. There is no difference from the equity markets in this regard, except its WAY more liquid, WAY faster route to liquidity, AND th
by ringaroundthetx 9y ago
Most token sales are like this. There is no difference from the equity markets in this regard, except its WAY more liquid, WAY faster route to liquidity, AND there is no dilution.
Sorry private equity, step to the left.
Sorry egalitarian peons, take what you can get.
- otoburb 9y ago>>AND there is no dilution. There's no dilution unless token stewards (usually structured as non-profit foundations) decide to increase the overall supply of tokens.
- ringaroundthetx 9y agoIf they kept a treasury then they can add supply to the market which wasn't already in the trading float. The contracts themselves typically don't allow for more units to be created, unlike shares. Contracts can be structured that way, like Numeraire's.