3 ms·
IMO governance/voting rights are an essential part of capital formation. If you give somebody else governance/voting rights as part of the transaction - you mi
by nivertech 3y ago
IMO governance/voting rights are an essential part of capital formation.
If you give somebody else governance/voting rights as part of the transaction - you might've created a security. That's why I mentioned capital formation.
There was an SEC paper which deemed "The DAO" (the first DAO) as a security.
I think most "governance tokens" also deemed as securities.
- giomasce 3y agoI can't know what they're doing, but it doesn't look like they're giving the lender any voting right. They're just borrowing some money and returning them in the following years. And I still can't see why this imply that the likelihood of the company failing is high.