Crypto has no users and the entire category screams its at Series A.
So each token at or in unlocks can’t survive because the sector as a whole lacks the users and revenue to justify the valuations and thus there is limited to no demand.
Furthermore, the tokens have no equity rights and even though some believe the founders would stick to their word, without any legal support, no one will support a trust me bro on this and thus there are no demand for tokens at unlocks.
Lastly, most of these things are not 0 to 1 or something that people desperately want or need. So anyways ya, that’s why the PA on alts is so crap.
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Crypto has no users and the entire category screams its at Series A.
So each token at or in unlocks can’t survive because the sector as a whole lacks the users and revenue to justify the valuations and thus there is limited to no demand.
Furthermore, the tokens have no equity rights and even though some believe the founders would stick to their word, without any legal support, no one will support a trust me bro on this and thus there are no demand for tokens at unlocks.
Lastly, most of these things are not 0 to 1 or something that people desperately want or need. So anyways ya, that’s why the PA on alts is so crap.
Oh and I think Zora is pointless.