Explore the value of establishing a crypto rating system akin to traditional finance in the latest blog by @leohenkels. The piece argues that most tokens are mispriced and critiqued for poor governance and insider control. Awareness serves as the first step toward creating better tokens.

Hey everyone, please don't crucify me, but I published a long-form piece about governance and used $ZORA as an example. I don't necessarily agree with the model, and I published a critique about it. 

I think about governance a lot, and have for the past 3 years while I've been @midao. I'm not an expert, but I care deeply about this stuff and I just wanted to get my thoughts about governance out there in a blog post. Feel free to roast me or ask any questions below.

Creating the best legal & regulatory frameworks in the world for digital organizations and digital assets

Helping build @midao. Probably on the water if I’m not thinking about crypto. /eagles /betting /off-grid

There isn’t going to be anything to govern / wasn’t ever really anything in the first place. 

Unneeded chain 
Fragmented payment structure 
No moat

A better version of Zora that understands features and incentive structures will prevail in the end

product & marketing @teller 





























































hosting /kieran /usdc /loans /disclosure 🛸

Yup, I agree. 

Maybe you don’t need to govern. That’s fine. But if you tokens sole utility is a protocol currency it should not be used as a liquidity event for early investors and supporters. 

Needs to be a fair launch.