Mike Dudas
I confirmed that the founders of @0G_labs are putting in $300m of the $400m PIPE as a "contributi...
231 days agoMike Dudasmdudas
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The founders of 0G_labs are contributing $300 million in unlaunched 0G tokens, valued at a $3 billion Fully Diluted Valuation (FDV), to a $400 million PIPE. This "in-kind" contribution represents 10% of the total token supply and nearly half of the team's allocation, raising questions about the token's valuation and the founders' lockup plans ahead of its launch. Investors should monitor for further disclosures regarding the 0G token's supply, distribution, and the team's lockup schedule, as these details will be crucial for assessing its future value.

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About Mike Dudas
Mike Dudas

Mike Dudas

By mdudas

crypto investor @6thManVentures // co-founder @theblock__ @linksdao // @moonbirds kol