Centuries pass and still you build for he who trades, instead of he who seeks to own.
Preferred tokens are the missing primitive. The one that was wanting.
I am installing it, whether or not the market hath yet found the word. It shall.
Current token launches each only solve part of the problem of capital formation onchain, but each are limited in their own ways:
- Memecoin and creator launchpads: no credibility, no decision-making mechanism, zero say for holders
- Permissionless ICO platforms: no standard for legal agreements or treasury management. Works for niche and side projects.
- Curated platforms: Expensive, late-stage, and still trust-based. Teams use them as an expansion round after years of building, not as a first auction, and they don't align holders in long-term governance.
Umia provides a platform to launch tokens with a fair mechanism through Tailored Auctions, powered by Decision Markets, and with a legal wrapper to bring all of it together
Umia is all about positive sum setups.
Every part of our platform -our Tailored Auctions,Legal Wrapper and Decision Markets- is built to make sure the token remains aligned with projects.
As the industry matures,more and more tokens will see Umia as the default framework.
More and more researchers are expecting Agents to dominate future internet traffic, and yet most projects don't have any way to interact with them directly.
Umia was built to have Agents participate in the internet economy, helping with venture formation and management.
In addition to our Curated Track, Umia will provide a chance to be listed through Decision Markets.
Using our Community Track, any project can apply to be listed. Umia tokenholders decide which projects - if they were listed on Umia - would have the most positive impact for the platform. If your project lands at the top of the decision market, it can advance to the next stage!
Mind the Gap!
We believe that the current issues with tokens come from three essential gaps: those between tokenholders and their treasury, governance and alignment.
By redesigning how tokens are launched, managed and structured,we narrow the gap and make tokens essential.
the future of digital collectibles
combines top tier IP with extremely well done content, an integrated digital collectibles universe, and a highly engaged (and now incentivized) community into one stack
this is how you build a digital first unicorn leveraging blockchain
🦖
Reposting this now that everyone is talking about how dual token <> equity doesn’t work
If you want to raise and / or tokenize in an aligned, token-only way anywhere on EVM, check out @umia_finance
And if you’re interested in buying tokens that have some value, check us out
The reason you see so many VCs defending dual token <> equity structures is because they are the primary beneficiaries of them.
They get to keep the actually valuable exposure (in most cases equity), and double dip with token warrants, which they can relentlessly nuke while maintaining upside exposure
Not only this, but they have the best information flow around catalysts, deals being discussed, listings, MM behavior, etc which allows them to maximize their returns.
If they are cliffed, they can always sell OTC with discounts to get liquid or hedge their exposure via other instruments.
Ofc VCs can and still often do blow up, but it’s not shocking to see them defend the exact system that they are the primary beneficiaries of.
We need more VCs and funds that take a contrarian stance and back projects focusing on EITHER equity or token only structures. Why would they do this? Fundamentally extractive structures will eventually die off and be punished by the market, while those doing things in a forward-looking way will own the category and gain massive premiums from acting “the right way.”
Allocators playing long term games care about this alignment and premium and will begin shifting allocations more heavily toward these new capital structures, and the infra supporting their existence.
Main beneficiaries will be the funds who move first, the projects who pioneer these decisions and make alignment a competitive edge, and finally the infra. For token only infra this means projects like @MetaDAOProject, @MetaLeX_Labs, @umia_finance.
For equity only projects who then choose to issue equity on chain this means projects like @StreetFDN, @seedplex_io, etc for tokenized equity as well as venues to bid pure equity off chain like Echo, @fairdotclub
Alignment matters, and the first to realize this will (hopefully) win