Cyber Capital Founder: The design of Worldcoin token economics is aimed at benefiting VCs rather than ordinary investors or users.
2023-08-07 15:59
Odaily News: Justin Bons, the founder of the encrypted fund Cyber Capital, tweeted that the token economy of Worldcoin is extremely poor, with only 1% of the total supply being traded. This is a predatory design, intended to benefit venture capitalists (VCs) rather than individual investors or users. This will inevitably lead to a significant price collapse, hurting countless people and exposing their privacy.
Looking back in history, this kind of token distribution has always resulted in massive price crashes, and these VCs surely understand this, as seen in examples like ZEC, ICP, and MAPS. Most individual investors are unaware of this and are buying WLD tokens, creating demand on a small supply, causing the price to skyrocket now and likely leading to a subsequent massive crash.
Looking back in history, this kind of token distribution has always resulted in massive price crashes, and these VCs surely understand this, as seen in examples like ZEC, ICP, and MAPS. Most individual investors are unaware of this and are buying WLD tokens, creating demand on a small supply, causing the price to skyrocket now and likely leading to a subsequent massive crash.
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