Polkadot, Dfinity among pre-launch protocol tokens selling at a steep discount on OTC desks, but buyers are hesitant

Tokens for next-generation protocols, including Polkadot, are circulating on a semi-liquid secondary market, The Block has confirmed.

Major crypto funds and investors say they have been approached by over-the-counter (OTC) desks offering large volumes of tokens bought in private sales from the protocols' managing foundations. The tokens are distributed (and redistributed) in the form of SAFTs —Simple Agreements for Future Tokens—which gives funds the rights to tokens startups issued in the future, when they launch.

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