Blockworks Co-founder: Dual Equity-Token Structure is Unfeasible, Issuers Must Choose Between Equity and Token

Blockworks co-founder Mippo posted on X platform, stating that he no longer believes the dual equity-token structure is viable. Mippo pointed out that successful cases of this structure are extremely rare and decreasing. His basic judgment is that such structures will continue to exist, but investors will demand increasingly higher discounts due to uncertainty. Mippo noted, why would investors choose a product that could be "rugged" at any time due to countless edge cases, with no legal protection available?

Mippo believes that issuers currently face a choice: either make an immediate decision, selecting between equity and token, or gradually see their value erode.