Quote:
Originally Posted by Fred
For clarification:
If the price of the asset increases, does the price of the "token" increase with the asset increase?
The assumption is that the "token" can be purchased or sold at anytime and the value of the "token" is set by the voting "token" holders. Is that correct?
How long does it typically take to buy/sell a token? An assumption is that there needs to be a "market" (buyers/sellers) of the "token" in order to transact and if there is nobody willing to purchase the "token", then you're just stuck with it. Is that about right?
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Pretty much correct except the value of the token is set by the market and how much someone is willing to pay. If the DAO takes off and has a great portfolio, theoretically the value should go up.
This is assuming it’s a public DAO. If it’s a private DAO that’s invite only, the collective decides on the rules of how/when tokens can be resold
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