Stocks Losing Momentum, but Coins on the Rise with 'Value-Up'?
The concept of 'value-up,' which boosts corporate value by expanding shareholder returns, has emerged in the virtual asset market. The protagonist is Uniswap, the leading decentralized exchange project. This is done by expanding a type of dividend.
With this news, other coin projects with high potential for shareholder returns have gained attention, leading to a sharp rise in related coin prices, reminiscent of the 'low PBR (Price-to-Book Ratio) market' in the domestic stock market.
(omitted)
The proposal involves distributing Uniswap's profits to investors who have staked 'UNI,' which plays a similar role to shares in the stock market. In other words, it is akin to Uniswap, the exchange, distributing its earnings to shareholders.
Legally, there is not expected to be a significant issue. This is because Uniswap did not conduct an Initial Coin Offering (ICO) and distributed UNI tokens for free. Hyeonsu “Elliot” Jin, Attorney at Descent Law Firm, stated, "Although staking is not clearly regulated, and the SEC may raise concerns, based on past precedents, it seems unlikely that the SEC will raise an issue regarding the securities nature of Uniswap."
