👉 The logic of going public in traditional financial markets:
The company makes money, raises funds through IPO, expands its business, and shareholders make money.
👉 The logic of going public for web3 projects: Make promises, issue tokens, list on exchanges, founders and VCs sell off heavily to cash out, TVL drops to zero, and retail investors take the hit.
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👉 The logic of going public in traditional financial markets:
The company makes money, raises funds through IPO, expands its business, and shareholders make money.
👉 The logic of going public for web3 projects:
Make promises, issue tokens, list on exchanges, founders and VCs sell off heavily to cash out, TVL drops to zero, and retail investors take the hit.