[halukakin]

"FTX periodically uses a portion of its profits to buy back FTT tokens. This makes FTT kind of like stock in FTX: The higher FTX’s profits are, the higher the price of FTT will be."

I think this is an interesting alternative to equity vesting. Not all countries have laws that make equity vesting possible. Also this could work if you are a US company and hiring from all abroad. You can give tokens to your employers abroad, keep the token valuable as long as the company is profitable. What do you think?

[hn_20591249]

It could work, but the moment FTX started allowing FTT to be put down as collateral on multi-hundred million dollar liabilities, the entire house of cards fell apart.

[pjc50]

> Not all countries have laws that make equity vesting possible.

However, if tokens are securities, that doesn't mean you can legally sell/give them tokens either.