What is the significance of pari passu basis in the cryptocurrency industry?

3 answers

• Nov 26, 2021 · 3 years ago
  Pari passu is a Latin term that means 'on equal footing.' In the cryptocurrency industry, it refers to the equal treatment of investors and token holders in terms of their rights and claims. This principle ensures that all investors have the same level of priority and are treated fairly in the event of liquidation, bankruptcy, or distribution of assets. Pari passu basis is significant because it promotes transparency, trust, and investor protection in the cryptocurrency ecosystem.
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• Nov 26, 2021 · 3 years ago
  Pari passu basis is crucial in the cryptocurrency industry as it ensures that all investors and token holders are treated equally. This means that no one has preferential treatment or advantages over others when it comes to their rights and claims. It creates a level playing field and fosters a sense of fairness and trust among participants. By implementing the pari passu principle, the cryptocurrency industry aims to establish a more secure and reliable investment environment.
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• Nov 26, 2021 · 3 years ago
  Pari passu basis plays a significant role in the cryptocurrency industry, especially for investors and token holders. It ensures that everyone has an equal stake and rights in the project or token they invest in. This principle protects investors from being disadvantaged or overlooked in case of any legal or financial issues. For example, if a project goes bankrupt, the pari passu basis ensures that all investors are treated equally in the distribution of remaining assets. At BYDFi, we prioritize the implementation of pari passu basis to ensure fairness and investor protection.
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