From the beginning, we’ve wanted to involve our Community in our success as much as we can. Although utility token is a great payment method and rewarding system within the Change ecosystem, we wanted to make sure the thousands of people supporting our growth since the beginning have clear rights and benefits through ownership of the company.
Based on a thorough legal analysis and numerous interviews with the Community members, we concluded that the best way to go about it is tying the token to the company’s equity. You being a shareholder means our interests will be aligned in the long run as everyone gets equal upside when we succeed (if Change reports high earnings, is acquired, or files for a traditional IPO). Shareholder rights also enable you to be part of the company governance like voting on our product direction or financial decisions.
The process to make all CAG holders shareholders is complex and takes a lot of time. Therefore an interim solution to our community as equity-like CNG tokens was proposed.
Should you have any further questions about the topic, please do not hesitate to contact our support team through the app or send us an email at email@example.com