What are some examples of pro rata pari passu clauses in cryptocurrency contracts?

1 answers

• BoonherBMar 07, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, has seen many examples of pro rata pari passu clauses in cryptocurrency contracts. These clauses are designed to protect the interests of token holders and ensure equal treatment in the event of additional token issuance. For instance, if a project decides to raise more funds by issuing new tokens, existing token holders with pro rata pari passu rights will have the opportunity to purchase a proportionate amount of the new tokens. This prevents dilution of their ownership and maintains their proportional stake in the project. It's a way to ensure fairness and transparency in the crypto space.
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