Berachain Lianchuang: I regret selling too many tokens to VCs, and I hope to minimize community dilution

Reprinted from panewslab
03/05/2025·1MPANews March 5th news, Berachain's anonymous co-founder Smokey the Bera, said in an interview with Un Chained: "I don't think the criticism is completely wrong. If we could do it again and the team can start from scratch, we probably wouldn't have sold that much supply to venture capital firms. In fact, most of the supply was sold in the seed rounds in early 2022. At the time, we thought it might be an interesting thing, but we didn't expect it to grow to this size now. So I think these criticisms make sense. In fact, over time, we have been trying to buy back the supply of that part of the seed round and the A rounds afterwards, so that we can minimize the dilution that the community has suffered from these shares."