What is the significance of pari passu in the context of initial coin offerings (ICOs)?

1 answers

• Dec 25, 2021 · 3 years ago
  In the context of initial coin offerings (ICOs), pari passu is an important concept that ensures all token holders are treated equally. It means that regardless of the amount of tokens they hold or when they acquired them, all token holders have the same rights and privileges. This is significant because it prevents any discrimination or preferential treatment among investors. Pari passu provisions are typically included in the ICO's whitepaper or token sale agreement to provide clarity and transparency. By implementing pari passu, ICO projects can build trust and confidence among their community, which is essential for the success and sustainability of the project.
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