You've probably heard about the most recent ACE Round from @pumpcade? I wrote the smart contracts for the ACE Round and here's how the onchain legal tech behind it works.
If I want you to read one thing this week, it's this
It's not boring I promise (yet actually very interesting)
I imagine a future where the majority of tokens is launched / incorporates such a model
Something that does make sense
Seeing a lot of interesting teams launching ACE rounds lately.
For those unfamiliar, ACE, or Asset Conversion to Equity, is a model by MetaLeX that allows token holders to convert their tokens into equity in the company behind the token.
It gives holders the option to have both token and equity exposure, a model traditionally used by VCs and accelerators like YC, but now made available to everyone.
A few strong teams are already using it. Definitely worth paying attention to 👀
We've seen some impressive ACE rounds over the past few weeks, and now we're curious:
Which token project would you like to see launch an ACE round next?
Tag them below and tell us why 👇
our algorithm is 12.4% ahead of google.
we started off with 50% of google, pushed it to 88% and opened it up to everyone.
8 hours later: we beat google.
anyone can participate. my 13yo brother has contributions to this.
if he can do it, why can’t you? — let’s push the boundaries more.
ecdsa(.)fail
the first NVCA-standard tokenized securities stock sale launched on Ethereum this week on @MetaLeX_Labs
another step toward putting corporate finance on Ethereum, the right way!
your periodic reminder that you can sign legal agreements on @ethereum@base or @arbitrum
encrypt the doc and use pseudonyms
a blockchain signature is *more* legally robust than a docusign signature, and you don't need pay $45/month
https://t.co/qO788TV3En
powered by @MetaLeX_Labs LegalTek. Really pleased with how MetaDAO turned out. Bringing the good parts of crypto to securities.
https://t.co/aZx6weKgCJ
crypto is often overlooked as the most advanced form of legal technology
which is why (crypto-native) attorneys tend to be among the best at articulating its value proposition
good read