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It depends if you joined before or after the rug pull
I believe only those that unlocks through vesting or granted through community voting
The only DAO I know is Data Access Objects ☹️
Liquid only if there’s something to swap those tokens with :p
No. Most have vesting period. If the DAO token is not liquid, it would not be worth in the future.
But once the tokens are vested, employee can exchange right? Unlike shares where even if it’s vested there needs to be a liquidity event/exit. Is that accurate?
It depends on the DAO, most that are actually legit have a team vesting schedule. I’ve seen some as fast as a year and others using the standard 4 years
Yep I get there’s vesting, but normally vested shares would need a liquidity event. It seems once the tokens are vested, an employee would be able to exhange it on the market immediately. Does that sound right to you?
Same as what brainfrz said, it varies and each DAO may do things differently. What a number of people mentioned above is that you need an exchange for your tokens. The tricky bit is that if you’re paid in something like the governance tokens they may not always be liquid because there isn’t necessarily a good way to value them (some other tokens are different, see curve) and/or there isn’t an exchange for them. I think you really should consider working part time for them, do some contractor-style projects and get paid in their tokens, see if they’re liquid before jumping in.
For me it's similar to normal equity/shares. Got X amounts of tokens in my name and now a percentage of it vests ever month and is available for claim.
What DAO you working at?
Anyone else think of data access object? 😆