Nestor Dubnevych (nestor)

Nestor Dubnevych

Building legal platform for default global companies, open-sourcing legal for Web3 on legalnodes.com (not legal advice), Techstars 21'

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Many projects are now using meme tokens in their go-to-market strategy. While these tokens often have lack utilities and are used for entertainment, I would suggest founders to consider a few aspects of such launches that might help mitigate legal and compliance risks. So I've put together a checklist for meme token launches that might be helpful to founders launching soon. (not legal advice!)

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"Tips for Web3 startups in a bear market: 1) Review comms, be cautious with promises regarding protocol/tokens in light of the latest lawsuits against big crypto companies. 2) Restructure tokenomics for better decentralization. 3) Introduce ESOP/Token Incentive Scheme to retain & motivate team and contributors.

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“Entrepreneurs should be at the center of the stage discussing technologies, while lawyers sip coffee at the back of the conference hall.” This quote from a CLO of crypto exchange resonated with me during Mainnet in NYC last week. A proper regulatory framework for Web3 is crucial, especially in countries with "regulation through enforcement." This creates barriers for startups that can't afford regulatory uncertainties, forcing them to seek more friendly environments. My post-conference impressions: - The US remains strong for horizontal Web3 technologies (L1/L2, infrastructure) - Verticalized projects (e.g., DeFi apps) still face significant regulatory uncertainties DeFi advocates like DEF are doing great work educating authorities on decentralized finance's potential. However, the narrative isn't fully established yet. We'll see if the upcoming US election can unlock DeFi's potential in the American market. Until that time, it seems to be better to keep to a non-US legal setup for a dApp.

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