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Kamino Ties CEO Token Vesting to Valuation While Holders Lack Revenue Claims
(3 hours ago) · 1 source · Summarized by CryptoBipto
Kamino has structured most of its CEO's KMNO token allocation to vest based on valuation milestones, while token holders reportedly have no claim to foundation revenue. The arrangement highlights a governance gap between insider incentives and the rights of ordinary token holders.
WHY IT MATTERS
In crypto, many projects issue tokens that let holders vote on decisions, similar to how shareholders vote at a company meeting.
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SOURCES
- cryptoslate.com
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