The redemption plan appears to heavily favor employees and Parrot’s venture investors. Last November, Parrot finance unlocked all remaining team and VC tokens two years ahead of schedule. Community members claim the modified vesting schedule gives these insiders a redemption price of $0.055, 22% higher than the original, public investors.
Related posts
-
Decentralized AI Project Morpheus Goes Live on Mainnet
Morpheus went live on a public testnet, or simulated experimental environment, in July. The project promises... -
California Judge Puts the Kibosh on Kraken’s Interlocutory Appeal Attempt
A California judge has rejected Kraken’s motion for interlocutory appeal, saying in a Monday decision that... -
How DeFi Is Preparing for DC’s Next Chapter
Second, build useful applications. During the hearing, representatives asked about financial and non-financial use cases. It...