Tokens launched by VC-backed companies, with large carve outs for investors and team members, are liquidity events just like an IPO.

Without a stake in the value created by said business or protocol, whether through governance, equity, or utility, I would be extremely cautious about buying.

design @splits | /wireframe /latenightcrew /event-pass /feud

Doesn't zora know this already? Why do you think they went forward the way they did? seems like a pretty poor deal for community

Makes sense. The %s are concerning than the lack of utility. Feels a little icky. Looking forward to it though lol

I have my assumptions but to be fair to them:
- launching a token with equity is extremely legally dubious today and they are a US company
- launching a token with utility is very difficult once a product is already live without it
- there is no "money printer" (protocol) to govern that I know of