Foundational to MetaDAO’s mission is changing the way people look at tokens. This includes the team, investors, participants and onlookers. First, the team’s token allocation was not enshrined at issuance. We raised a proposal with unconventional terms: 4 year lock with vesting according to market cap. We believe that too often founders are soft retired and then lose the incentive to build. Second, all investment has been approved by proposals. Investors don’t come talk to the team; they created proposals and only the proposals to acquire tokens at a premium have passed. Finally, we’re building in public, which means we should hold a high bar for transparency and not just say “it’s on the chain.” Collecting information and displaying it with easy access is important. We’re excited to pave the way and show that the status quo is ripe for disruption. This industry can move forward with those of us willing to set a high bar and stick to it. 🫡 Futardio
Blockworks
Blockworks2.7. klo 21.03
0/ The second cohort of the Token Transparency Framework is now live, continuing to elevate disclosure standards across the industry. This round consists of: - Maple - MetaDAO - Sanctum - Velodrome - Gearbox The net result? More information is publicly available to markets.
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