The success of any regulatory approach for network tokens hinges on facilitating progressive decentralization—including via Airdrops and Incentive-Based Rewards.

Current rules are murky and entrepreneurs need clarity.

So, we submitted a safe harbor proposal to the SEC with a 5-part test:

Trying to solve more problems than I cause @a16zcrypto

https://linktr.ee/milesjennings

Our full letter can be found here:
https://a16zcrypto.com/posts/papers-journals-whitepapers/sec-rfi-safe-harbor-airdrops-network-tokens

Lead Clank @clankpad || Midwest mom in a California dad bod || Ruthlessly pro Farcaster

I'd guess that we put roughly 400 hours across 5 people into these over the last couple weeks. We're doing everything in house and grinding big law first year associate hours 😅, but it's worth it. Now is the time.

What's the rough level of man hours you all put into this stuff

Clearly it's good for a16z but I'm grateful you're all out here putting in this work