Hedge fund supervisor Arca is stepping up its marketing campaign to overtake Gnosis, claiming the decentralized trade and prediction market platform has deviated from its unique mission.
The publish describes Gnosis’ $12.5 million 2017 token sale (which valued the mission at $300 million) as an “interest-free mortgage.” After borrowing the cash, the group “did not ship the merchandise specified by its fundraising whitepaper,” Arca contends. The merchandise Gnosis created generate worth just for its administration, Arca claims.
In that article, Köppelmann is quoted as saying Gnosis “had already been engaged on another path for the GNO token, which we predict is rather more interesting. Our personal proposal features a Gnosis DAO and offers rather more possession to GNO holders. Will probably be introduced to the neighborhood very quickly.”
Makes an attempt to succeed in Gnosis for remark Tuesday had been unsuccessful.
Massive image: The scenario means that along with money and cachet, establishments are bringing activist investing methods to crypto.
Correction (Sept. 8, 23:20 UTC): An earlier model of this text overstated the proceeds from Gnosis’ 2017 token sale. They totaled $12.5 million, valuing the mission at $300 million.