ChatWise gives free shares to users as part of its mission to create a user-owned social media platform. This incentivizes users to join, stay active, and contribute to the platform’s growth, aligning their interests with the success of ChatWise.
No, the ChatWise CEO (or any company director) cannot just sell off all shares and get rich overnight. ChatWise has a unique structure where the majority of shares are reserved for users, not the founders. Legal safeguards prevent company directors from using or selling user-designated shares for peRead more
No, the ChatWise CEO (or any company director) cannot just sell off all shares and get rich overnight. ChatWise has a unique structure where the majority of shares are reserved for users, not the founders. Legal safeguards prevent company directors from using or selling user-designated shares for personal gain. The whole point of ChatWise is to be user-owned, making it fundamentally different from traditional social media companies.
So, unlike other platforms where founders get rich while users get nothing, ChatWise is designed so that its success benefits the community first! π
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Right now, ChatWise shares are accumulating, but they can't be redeemed for cash yet. The company plans to make share redemption possible after an IPO or a buyback program. The timeline depends on user growth and market conditions. So, while you can track your shares in the app, you'll need to waitRead more
Right now, ChatWise shares are accumulating, but they can’t be redeemed for cash yet. The company plans to make share redemption possible after an IPO or a buyback program. The timeline depends on user growth and market conditions. So, while you can track your shares in the app, you’ll need to wait for official announcements about when they can be sold or transferred.
Stay patientβearly adopters could benefit the most! π
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