Former Coinbase CTO Balaji said in a post that many startups may try to raise funds in the future by issuing tokens as explicit crypto equity. He pointed out that from a technical perspective, there are obvious advantages to representing equity on the blockchain, allowing investors to check pricing through wallet holdings, APIs, and track it on a blockchain browser. At the same time, founders can more easily perform operations such as dividend distribution, repurchase and ownership plan management. At the same time, he suggested that founders should implement mechanisms such as lock-up periods and forced sale rights to ensure that the long-term interests of investors and founders are aligned.