🚨 Joseph Jacks Slams Polychain & DCG for “Despicable” Token Demands🚨
OSS Capital founder Joseph Jacks has called out Polychain and DCG for imposing what he describes as “predatory terms” on Bittensor subnet teams.
🔸 According to Jacks, these VCs are demanding 20%-50% of permanent token allocations from projects, while offering minimal capital and little to no support in return.
🔸 He warns that such conditions would only push mediocre or desperate teams into accepting, ultimately harming the ecosystem.
🔸 Both firms already control over 4% of TAO supply, raising further concerns about concentration of influence.
📢 Jacks says he spoke with dozens of teams who disclosed these practices, prompting him to publicly condemn Polychain and DCG’s approach.
👉 What’s your take? Do such VC terms hurt innovation and decentralization in crypto?
⚠️ Stay sharp, trade smart, and never forget risk management.No financial advice!
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