Selling creator coins to fund founder salaries depresses token value
Max Metcalfe · The First SaaS on BitClout will Replace Substack, Patreon · Apr 9, 2021 · at 3:55
Max Metcalfe, founder of SubClout, explains the economic dilemma of funding living expenses via creator tokens versus traditional venture capital.
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“Selling coins decreases the price and kind of hurts the value of the coin itself. So the reason to raise outside funding is to give us a path where we can build this full time without like Hurting the value of the coin in the short term so we can like build for more longer term gains.”
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