Structure de marché

SAFT discounts and public-market asymmetry

Private token agreements grant prices and information unavailable to public buyers.

Reference note · Sources below

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Dans cet article

Overview

Private token agreements grant prices and information unavailable to public buyers.

Promoters can profit even when retail buys at much higher implied valuations.

Compare effective price, lockup, hedges and side letters.

Structure de marché

Valuation, circulating supply and executable liquidity measure different things.

Structure de marché

A liquidity agreement can shape trading without appearing in a token's public chart.

Structure de marché

A firm borrows inventory under options, floors or recall rights.

Histoire crypto

Frontier expanded the blockchain model from a payment history into a platform for programmes and persistent state.