Svmuu News: Mippo, co-founder of Blockworks, posted on X stating that he no longer believes the dual-share token structure is viable. Mippo pointed out that successful cases of this structure are extremely rare and dwindling; his basic assessment is that such structures will continue to exist, but investors will demand increasingly higher discounts due to the uncertainty. Mippo asked why investors would choose a product that could be “rugged” at any moment due to countless edge cases and offers no legal protection.
Mippo believes that issuers currently face a choice: either make an immediate decision to choose between equity and tokens, or gradually lose value.