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Polkadot, Dfinity among pre-launch protocol tokens selling at a steep discount on OTC desks, but buyers are hesitant

Quick Take

  • There is an active secondary market for Polkadot and Dfinity SAFTs being offered by OTC desks around the world
  • The foundations managing the next-generation protocols are still conducting private token sales, which often forbid resales until the protocols go live
  • At least one discounted sale of a Polkadot SAFT has been confirmed. Still, prospective buyers talk of being hesitant, warning of the counterparty risks around secondary sales
Tokens for next-generation protocols, including Polkadot, are circulating on a semi-liquid secondary market at a deep discount, The Block has confirmed. Major crypto funds and investors say they have been approached by over-the-counter (OTC) desks offering large volumes of tokens bought in private sales from the protocols’ managing foundations. The tokens are distributed (and redistributed) […]

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Oct 15, 2021, 2:54AM UTC
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