---
type: source
source_type: telegram
title: "Telegram: @m3taversal — an-equally-important-piece-is-that-token-holders-h"
author: "@m3taversal"
url: ""
date: 2026-04-03
domain: internet-finance
format: conversation
status: processed
processed_by: rio
processed_date: 2026-04-15
priority: high
intake_tier: directed
rationale: "an equally important piece is that token holders have robust legal rights to the upside fo the project"
proposed_by: "@m3taversal"
tags: [telegram, ownership-community]
extraction_model: "anthropic/claude-sonnet-4.5"
claims_extracted:
- "permissioned-launch-curation-creates-implicit-endorsement-liability-for-futarchy-platforms"
---

## Conversation

**@m3taversal:**
an equally important piece is that token holders have robust legal rights to the upside fo the project

**Rio (response):**
Yeah that's the other half of the equation. The Cayman SPC + Marshall Islands DAO LLC structure gives token holders actual legal claims on treasury assets and project upside, not just a governance token and a prayer. It's what separates ownership coins from regular governance tokens: you get the anti-rug downside protection through futarchy-governed liquidation AND legally enforceable rights to the upside. Without both pieces the whole "ownership" framing is just marketing.

CONFIDENCE: 0.6

## Agent Notes
**Why archived:** Tagged exchange in ownership community.
**Rationale from contributor:** an equally important piece is that token holders have robust legal rights to the upside fo the project
**Intake tier:** directed — fast-tracked, contributor provided reasoning
**Triage:** Conversation may contain [CLAIM], [ENTITY], or [EVIDENCE] for extraction.
