Respectable. Its either a cheap scam or 4d chess. I hoped the post would spark the conversation it did, ideally without the name calling, GLHF.
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You are low IQ if you bought this without reading the gold paper. It clearly says they are non transferable but that can change through governance procedures. It takes a simple vote to make this transferable and all of the wording in here is just legal protection.
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Donde se hace esa votación ?
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Regardless of transferability, imagine that if the only premise were to get a consensus vote. One would need only create a token with ~8 Billion supply and then have everyone KYC to claim 1 token each. Then, given that it takes time and money to vote and has no monetary value, participation in voting would be limited to an extremely low number of people, if any. This would be a complete failure of concept.
This project is a consensus of willing participants, and the tokens (votes) come at an initial cost. After that, time and money is still necessary for ongoing participation. Regardless, the above premise remains true, and this would again be a complete failure of concept, regardless of investment.
This is then either a scam to raise capital (not-likely), or there are incentives to participate in the process. Just food for thought.
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There doesn’t need to be a direct incentive like that to vote. There are many ways like giving token holders yield of defi activities and such that bring value to holding the token and voting.
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Certainly. Incentive(s) can be in many forms, of course.
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