Thought this was a pretty well-reasoned take on the actual advantages of token equity, well done. None of this needs a blockchain, but there does look to be a hole in the equity markets for this structure.

As an investor, I do hesitate to buy this type of token, probably out of naivety - when I buy a SEC-regulated stock I have tons of legal protections against bad corporate behavior (e.g. insider trading). Do such protections exist for tokens?

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