How does a cap table work for digital currencies?

3 answers

• Nov 28, 2021 · 3 years ago
  A cap table, short for capitalization table, is a record of the ownership stakes in a company. In the context of digital currencies, a cap table represents the ownership of tokens or coins issued by a cryptocurrency project. It includes information such as the names of token holders, the number of tokens they own, and any additional details like vesting schedules or investor rights. The cap table is used to track the distribution of tokens and determine the ownership percentages of each participant. It plays a crucial role in governance, fundraising, and decision-making within the cryptocurrency project.
  611306
• Nov 28, 2021 · 3 years ago
  Think of a cap table for digital currencies as a ledger that keeps track of who owns what. It's like a digital version of a shareholder registry. The cap table includes details about token holders, the number of tokens they have, and any other relevant information. This helps the project team understand the ownership structure and make informed decisions. It's important for investors and participants to have transparency and clarity regarding their ownership stakes. The cap table is a tool that provides this information and ensures fair distribution and accountability.
  575192
• Nov 28, 2021 · 3 years ago
  A cap table is an essential tool for managing ownership in a cryptocurrency project. It helps keep track of who owns how many tokens and provides a clear picture of the project's ownership structure. At BYDFi, we use a cap table to manage the distribution of our native token. It allows us to ensure fairness and transparency in token allocation. The cap table also helps us make informed decisions regarding governance and voting rights. It's an important aspect of any digital currency project and plays a crucial role in maintaining trust and accountability.
  561141