"A lot of people have PTSD from the old days and other token launches"
Rip Cars co-founder David Khosroshvili on why MetaDAO changes the founder dump risk
"I don't think people realize how much ultimate power token holders have in the MetaDAO ecosystem."
"A lot of the fear with earlier unlocks is that the founder is going to dump it on the market. Which, after 18 months the founder could also dump it on the market in the old structure. It just kind of removes the 18 month thing."
"The cool thing about MetaDAO is the unlock doesn't happen all together, there are going to be smaller portions of unlocks. And after that, if you see me selling on the market and actually doing damage to the market itself, first of all the founder has to be a bit dumb to do that. Because if I go to the market and just dump it into the LP, of course people are going to FUD my product, and then I'm most probably going to have far fewer users, and no one is going to care about my company."
"And if I do create a situation where people think I'm creating more damage to the company than the value I'm bringing, then people can always liquidate me. People don't really realize the power of token holders in the MetaDAO ecosystem, where they can easily liquidate the project early on."
"A lot of the power is always on the token holder side, and I believe bringing a bit of balance to the team side just makes sense."
FT
@allocateur @ripcarsio