What are some examples of pari passu clauses in the cryptocurrency industry?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! Pari passu clauses in the cryptocurrency industry are commonly found in token sale agreements. These clauses ensure that all token holders have equal rights and are treated equally in terms of priority and distribution of assets. For example, if a project goes bankrupt, the pari passu clause ensures that all token holders are treated equally when it comes to the distribution of remaining assets. This helps to protect the interests of token holders and maintain fairness in the industry.
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• Nov 24, 2021 · 3 years ago
  Pari passu clauses in the cryptocurrency industry can also be found in loan agreements. These clauses ensure that lenders have equal rights and are treated equally in terms of repayment and priority of assets. For example, if a cryptocurrency exchange borrows funds from multiple lenders, the pari passu clause ensures that all lenders are treated equally when it comes to the repayment of the loan. This helps to maintain transparency and trust in the lending process.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, we have implemented pari passu clauses in our token sale agreements. These clauses ensure that all token holders have equal rights and are treated equally in terms of priority and distribution of assets. We believe that these clauses are essential in maintaining fairness and trust in the cryptocurrency industry. By implementing pari passu clauses, we aim to protect the interests of our token holders and create a level playing field for all participants.
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