"By the time they start getting tokens, those tokens are not worth much, so the whole project disappears"
Rip Cars co-founder on why rigid vesting kills teams that were working hard
"My point of view is we need more flexibility, because projects are not all the same. Saying that everyone fits into an 18 month vesting doesn't mean anything. Some projects need more than that and some projects need less."
"We still need to protect people against rug pulls. If you say all the tokens are liquid and here's your allocation, people just take it and then thank you, bye bye. So the idea is to have some protection for people who are investing, but also not crippling the team and putting them away from their tokens, because then they cannot operate."
"So maybe we create project categories, project buckets, and you can be ranked tier one, tier two, tier three. Depending on the tier there would be specific restrictions or conditions. If you're a renowned founder, if the community trusts the team, maybe the vesting could be shorter. The challenge is who decides which project goes into which tier, and that should be a vote by the community."
"I've seen many projects really working hard and not necessarily succeeding as much, then failing because they have low liquidity, they have no money to operate. That pushes them down, down, down all the time. Even if they had a great idea, a great team, maybe not a great timing. I've seen that happen over and over."
FT
@ripcarsio