Aight retards, what´s the secret sauce catch?
I cant imagine the VCs would let this idiot dillute them with this shitcoin into the oblivion if there werent a catch.
Aight retards, what´s the secret sauce catch?
I cant imagine the VCs would let this idiot dillute them with this shitcoin into the oblivion if there werent a catch.
VC's will be the big whales getting most of the farmed liquidity tho
Im talking about the real underlying investors. They could have had it all, why did they allow him to introduce some shitty as fucking token which basically destroys their whole fucking investment.
Nobody knows jackshit? Gr8. so this fucker here with the VCs are planning potenatially on hte biggest 10000x and biz is in the dark. EXPLAIN
because the token doesn't actually represent very much ownership or control over uniswap. it was only created to get all of the liquidity back from sushiswap. you need at least 10 million UNI delegated to you to submit a governance proposal.. i recommend reading up on the UNI blog post again. the way UNI is designed, unfortunately, uniswap gaining volume and influence over the coming years will not necessarily mean that UNI is going to offer amazing returns.
sadly in the real world, centralized institutions are not going to allow an application that they invested millions of dollars into to just completely give up all ownership to the public. UNI is fake decentralization.
10000x? Great I will become a multi milionarie
Are you saying my UNIs will keep being 4$ forever? No sir this is over pls sir don’t tell me that sir
well, but the mechanism of having UNI is whats important now. I agree "muh voting token" is gaypilled, however lets look forward 2-5 years....as the defi space heats up, how do they dex-es keep their liquidity holders happy? ultimately by sharing more profits with them.
thats the importance of uni...at the moment your analysis is right, but once competition becomes more fierce it will become a tool to redistribute profits.
finally, the history of tech teaches us that almost all new tech winds up a duopoly: FB / Twit, Win / Mac, iOS / Android, etc etc. The real question is, will UNI become one of the two?
10M UNI is nothing at the current prices, You could get 10m uni for fucking a 100M total. Do you really think there arent investment groups out there that would push them out in a heartbeat?
What happens if an investment group decides to buy ALL of the fucking coins taht are upcoming and vote the VCs out?
What would happen if NOBODY buys the coins and the VCs go from having 1 billion dollars in UNI to having a measly tens of milions of dollars?
My point is: If you were the VC, why would you let Hayden introduce a coin which can take away returns from YOUR investment?
10 million is nothing on a 1 billion supply coin. And Uni holders will eventually get 100% of Uniswap profits. I don't get why your fudding the coin but bullish on the future of Uniswap. The coin has 10x the utility of BNB for example. That's the perfect example of people just needing an excuse to dump on retards.
To answer the OP question I'm pretty sure there was very little VC money invested. I was reading the post by the founder and it seems like it was mostly a solo project he made while living off crypto gains with grant funding from the ETH foundation and code optimization assistance from the top minds in blockchain development that loved the idea of the platform.
That's a ftm tranny.
It got 11M dollars in seed funding.
How far along was it at that point? If it already had a valuation of 100 million that's 11% ownership, which would earn a big fuck you when it comes to your say in how to run the operation. If the founder and Vitalik and other guys that already made it comfortably off BTC and ETH and are just in it for the idea of a decentralized economy wanted to give up their 80% or whatever that's how it's going to be. They had controlling interest and if they don't like it they can buy up their interest in the platform (Uni tokens) and vote to change it.
So are you saying that they willingfully invested money which is going to be dilluted?
Do you think the VCs run a fucking charity or what?
with surgery to add fake adams apple? very doubtful
You know what? IM A BIG VC THAT DOES A TRILLION OF DUE DILLIGENCE HA HA IM GONNA INVEST IN UNISWAP SO HAYDEN COULD DILLUTE ME INTO OBLIVION HA HA. BUT NO WORRIES, I GUESS I WILL JUST HAVE TO BUY SOME MORE UNI CAUSE HAYDEN JUST FUCKED ME HA HA.
This is not how they FUCKING OPERATE
will they give away more uni?
i started trading only september 2nd
feels so fucking bad
You wont be getting any more uni, you will be getting just dilluted thats all you are going to fucking get
uniswap isn't even worth 30MM by standard startup valuations. speculative crypto market cap is not real value
all vc business operates under the idea of growing at a loss until you gain enough market share to be a defacto monopoly, and that's when you dump. anything is worth getting to that goal. owning 15% of 10B beats owning 100% of 10MM. not to mention uni tokens aren't shares or anything serious
Op youre a moron if you think the vc invested in UNI and not Uniswap
Why would they do that, it makes no sense, UNI will be so big that coin circ. won’t even matter anymore
UNI tokens are the only way they are going to get any money out of this.
At the same time everyone is a moron if they think uniswap is valued at the UNI token mkcap value
They invested in Uniswap which created a coin delegating voting power over Uniswap via UNI tokens. That is why the VCs got a share of UNI which is going to get dilluted into oblivion.
What the fuck retard. Take a pill and read a book on investing. 17% of Uni tokens are reserved for investors. That must be how much the 11 million was worth, 17% of the platform when they invested. They weren't diluted at all. The founder gave away his share of ownership to the users of the platform, 60% The VCs will still have 17% controlling interest and 17% of any revenue.
VCs aren't some mythical creatures that come in with a checkbook to an already fully functioning platform and steal complete ownership of companies for pennies on the dollar. Fuck off.
Nobody gives 2 shits about UNI governance right now, or for the upcoming year
Yeah? So what would have been better for them you fucking retard?
Delegating voting power to everybody on the platform eating their fees + 2 % PERPETUAL INFLATION AFTER 4 YEARS.
Or having it all to themselves?
OF COURSE THEY ARE GETTING FUCKING DILLUTED YOU FUCKING MONKEY.
No it's a male to female trans, just not convincing, as expected. Have you ever seen a tranny before?
You seem to think the VC give a shit about uni governance, uniswap is a licensed business, trust me, if it were profitable on paper to dump the entirety of the UNI token theyd do it tomorrow
The second the fees switch turns on, they are insanely profitable. What´s your fucking point pajeet.
Holy shit you are a dense motherfucker. They never had total control of the platform and fees. They had 17% control of the platform and the fees. Hayden and others had the other 83% and distributed it all to the community. The VCs still have 17% voting power and 17% of revenue, which they would have with or without a token.
You think the guy worked for years developing the concept and platform with hundreds of thousands in grant money from Vitalik and help from other people in the community to sell out 100% to VCs for 11 million?
he said FTM