FTX’s financial black hole leaves Binance balking at rescue plan

Re:FTX’s financial black hole leaves Binance balking at resc... by pjc50 on Wednesday November 09, 2022 @04:09PM (#33537867)

"Non dividend paying" is a bit of a red herring since companies have started doing buybacks instead (for tax reasons). Ultimately it's the voting rights that can make the company pay dividends.

If you've got a non-voting non-dividend stock .. you might want to ask what you've actually got there.

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Re:FTX’s financial black hole leaves Binance balking at resc... by spaceman_2020 on Wednesday November 09, 2022 @05:02PM (#33538583)

A lot of tokens give "voting" rights in the form of governance if its run as a DAO

Some tokens share revenue with token holders. GMX, for instance, distributes all of the nearly $2M daily fees it generates to holders of the GMX token. Goldfinch, which loans to real-world microfinance companies, also gives back its fees to Goldfinch token holders.

Some tokens are necessary for paying for transactions or any on-chain asset (most core blockchain tokens).

It's not as much hot air as it appears

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