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hard tokenholder rights is the only path forward otherwise tokens will trade at <2x cash flow and honest founders will stop launching them
Dec 17, 01:30
We were told for years that tokens were pseudo-equity, a wink and a nod from investors and founders that when clarity came token holders would be first class investors and be compensated for years of bag holding and that was all mainly a lie
I don't think this is only MetaDAO by the way (although that's my favorite structure) but Morpho / Maple / tokens on the blockworks token transparency project etc have gone a long way towards strengthening tokenholder rights. It's a continuum.
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