How is pari passu applied in the world of digital currencies?

3 answers

• Nov 26, 2021 · 3 years ago
  Pari passu is a Latin term that means 'on equal footing'. In the world of digital currencies, it refers to the principle that all holders of a particular cryptocurrency or digital asset have equal rights and rank equally in terms of priority. This means that if a digital currency or asset is subject to a distribution or liquidation event, all holders are entitled to an equal share of the proceeds, regardless of the size or timing of their investment. This ensures fairness and transparency in the digital currency ecosystem.
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• Nov 26, 2021 · 3 years ago
  Pari passu in the world of digital currencies is like everyone getting a fair slice of the pie. It means that all holders of a specific cryptocurrency or digital asset are treated equally and have the same rights. So, if there's a distribution or liquidation event, everyone gets an equal share of the proceeds. This principle helps maintain trust and fairness in the digital currency space.
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• Nov 26, 2021 · 3 years ago
  In the world of digital currencies, pari passu is a fundamental principle that ensures equal treatment for all holders of a specific cryptocurrency or digital asset. At BYDFi, we prioritize the application of pari passu to protect the rights of our users. This means that regardless of the size or timing of their investment, all BYDFi users are entitled to an equal share of the proceeds in the event of a distribution or liquidation. Pari passu is essential for maintaining trust and fairness in the digital currency ecosystem.
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