Adam Jackson

So it's an interesting valuation metric used in crypto networks.

Actually, my own firm led the initial round.

I helped start a firm called Cambrian.

And so this project was spun out of Cambrian.

It was a token economic paper looking for a category.

And so, yeah, so we set the initial terms.

Well, so, I mean, to be really clear, we'll never do an ICO, right?

We're never going to sell tokens to the public.

The only way you can get our token is to earn it, is to help us build the network, right?

So we did raise $6 million from accredited, you know, from VCs like you normally would.

We're working on another round right now.

We're just kicking it off.

We'll raise from some more VCs.

Not a ton of money, by the way, because the project's actually profitable already.

And then once the public the network publicly launches, we will allow tokens to be withdrawn and.

And then it's up to the secondary markets to be created.

We're not an exchange.

We're not going to facilitate buying and selling of our own token.

It'll be on the exchanges to pick those up and create secondary liquidity if they so choose.

Yeah, so let me zoom out to try and answer this question, because it is a new and weird thing, dude, trust me.