X @Wu Blockchain

Delphi Digital Roundtable: Why Tokens and Equity Struggle to CoexistDuring a July 15 Delphi Digital roundtable, analyst Ceteris said that when tokens and equity coexist, token market caps should generally be smaller and market expectations more restrained, because most of a company's actual cash profits ultimately accrue to equity holders.The real problem, he argued, is that projects often exploit ambiguity between the two structures to push token valuations far above reasonable levels. Delphi Digital co-fo ...