What are the implications of pari passu for token holders in the digital currency space?

3 answers

• Nov 23, 2021 · 3 years ago
  Pari passu is a Latin term that means 'on equal footing.' In the context of digital currency, it refers to the equal treatment of token holders in terms of their rights and priorities. In the event of liquidation or bankruptcy, token holders with pari passu rights have an equal claim to the assets of the company. This means that they have the same level of priority as other creditors and are entitled to a proportional share of the remaining assets after secured creditors have been paid. Pari passu rights provide token holders with a degree of protection and ensure fair treatment in the event of financial distress.
  621311
• Nov 23, 2021 · 3 years ago
  When it comes to pari passu rights for token holders in the digital currency space, it's all about equality. Token holders with pari passu rights have the same level of priority as other creditors in the event of liquidation or bankruptcy. This means that they have an equal claim to the assets of the company and are entitled to a proportional share of the remaining assets. Pari passu rights ensure that token holders are treated fairly and have a say in the distribution of assets.
  484162
• Nov 23, 2021 · 3 years ago
  Pari passu is an important concept for token holders in the digital currency space. It ensures that they have equal rights and priorities in the event of liquidation or bankruptcy. At BYDFi, we prioritize the protection of our token holders and ensure that they have pari passu rights. This means that they have an equal claim to our assets and are treated fairly in the event of financial distress. Pari passu rights provide peace of mind for our token holders and demonstrate our commitment to their interests.
  512128