While there is a lot of excitement around the Minterest Community Allocation Event (CAE), there has also been a lot of questions. So I thought It would be a good idea to give you an overview of our thinking around it.
Firstly, it's important to know that the CAE was not intended to be Minterest’s key fund-raising event which is why the CAE hasn’t been promoted widely on social media. The CAE's fundamental purpose is to support our community of smaller participants. It is often the case that smaller users get locked out of participating in allocation events, and due to the fact that we have put our community at the core of everything we do, we wanted to walk the talk by making it fair and equitable.
Why care about smaller participants if Minterest's liquidity will mostly be provided by large players?
Trust – not just lip service
From acorns to oak trees
Is this rational strategically sound?