Putting everything else aside, this token strategy deserves everyone's respect. The team won't own any tokens until they achieve success. It's a lesson all projects should learn from.
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Armani Ferrante
@armaniferrante
In the Backpack tokenomics, we have one guiding principle.
- Insiders "dumping on retail" should be impossible: no founder, executive, employee, or venture investor should receive wealth from the token until the product hits escape velocity.
Of course it begs the question, what x.com/Backpack/statu…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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