Private Sale

10% of $BEST is for private sale. There are some critical issues concerning private sales. With the help of this article from 'Not Boring by Packy McCormick', we are going to talk about it.

Q: If VCs invested, is it really user-owned?

  • The OwnerBe team still needs money to build and get off the ground when we are unproven.

  • The percentage is much less than most traditional businesses have when they go public.

  • Web2 businesses don't even have concepts like reward pools or treasury for the communities. Only a fraction of users can buy small amounts of pre-IPO shares.

  • Public market investors are typically much more unforgiving than VCs after IPO.

10% of $BEST can't control the platform. All the important decisions will be made by the governance, which is the users'.

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