An independent examiner has revealed shocking details surrounding the inner workings of Celsius – a crypto lender that filed for bankruptcy in July 2022. The examiner claimed that Celsius did not operate by the business model that it presented to customers. He likened it to a Ponzi scheme, much like FTX – a company that happened to have used the same accounting software: QuickBooks. The Truth About CEL Token Per a filing from examiner Shoba Pillay on Tuesday, Celsius had…
Token Vesting
What Is Token Vesting?
Token vesting is a process by which the distribution of tokens is delayed over a certain period. This is often used to align the interests of token holders with those of the project by ensuring that the individuals or entities granted tokens are incentivized to work toward the project's long-term success. A practical example of token vesting would be a startup issuing tokens to its employees. Instead of allowing the employees to sell their tokens on the open market immediately,…
Block Education
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