市场结构
SAFT discounts and public-market asymmetry
Private token agreements grant prices and information unavailable to public buyers.
研究文章和参考条目以英语发布。导航提供七种语言。
Overview
Private token agreements grant prices and information unavailable to public buyers.
Why it matters
Promoters can profit even when retail buys at much higher implied valuations.
What to check
Compare effective price, lockup, hedges and side letters.