toblerone

[toblerone @funfundimsum]

@mgnr_io if spot price at expiry is +30% over the options strike price, then investors get to buy tokens at a 30% discount (in the future) vs. buying at a 30% discount now. i think the problem isn't that the deal includes free options, but rather it comes down to negotiating a fair strike

[toblerone @funfundimsum]

@mgnr_io if the options are non transferable and there's no secondary market for them, does the intrinsic value of the options before expiry matter to the calculus of how much value the team would be giving up? either the options expire in the money or worthless

[toblerone @funfundimsum]

@youngprepro @banteg thanks for this

the red line represents the token supply? in which case that means there is in fact a max supply at around 2.8 (just from eyeballing the graphic)?