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Pantera Capital proposes to purchase $50,000 worth of META tokens from Meta-DAO

Pantera Capital proposes to purchase $50,000 worth of META tokens from Meta-DAO

2024/02/19 19:10
DAO+3.26%

Cryptocurrency investment firm Pantera Capital has proposed to purchase $50,000 worth of META tokens from Meta-DAO at a price significantly lower than the current spot market, with a maximum price of $100 per token. The success of the purchase depends on the complex, unique, and highly experimental condition market of Meta-DAO. In a blog post, Pantera stated that it views the purchase of META as an opportunity to test the potential of futarchy as a decentralized governance improvement system. Pantera sees this investment as both a strategic partnership and an opportunity to show support for Meta-DAO. The investment is reported to come from Pantera's liquid token fund.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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