Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Hey guys, CEO of FetchFox here. Happy to answer any questions about the crypto token. I'm also making the draft doc public, please be aware the details are still being worked out, but we will publish the full plans on our site within weeks.

Draft doc with comments enabled: https://docs.google.com/document/d/1VvxEQBRexuFJT5qCr9MCeZRV...



I have some fairly basic questions:

1. What happens if an employee loses access to the wallet their company-ownership-tokens are on? Is it just a matter of re-emitting new tokens and distributing it to them? How are the old tokens handled (e.g. if the wallet is found at a later point in time)?

2. Could you ELI5 how you correlate the company value with token value?

3. Presumably, if everything works out, this allows your team (as well as anyone else) to sell their ownership tokens at any point, but also buy others' tokens that are available on the market as well right? I can see a few issues with this including insider dealing (some people having earlier access to great/awful news before others and making token transactions based on that).

I think it's an interesting idea but I think there are a lot more details that I'd like to see ironed out based on the little that's in the doc (that also has public-write access on it for some reason)




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: