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VC for crypto by definition is a pre-mine, so yeah...

• vmception 5y ago
  It’s usually a convertible security that can convert to claims of tokens and/or equity Sometimes it is an investment directly for a premine Other time it is a secondary offering of the issuing organizations tokens Your statement is reductive only because most everything in the market involves pre generated stakes in the network. The market tolerates that because it has since the 1600s joint stock company. Crypto ideology can just be dropped, there is no standard that makes a crypto better just because it can’t be purchased to launch.