Berachain co-founder: Regrets selling too many tokens to VCs, working hard to buy back to reduce dilution suffered by the community's share

ChainCatcher news, Berachain co-founder Smokey the Bera stated in an interview with Un Chained: "I don't think the criticism is entirely wrong. If we could do it all over again, and the team could start from scratch, we probably wouldn't sell so much of the supply to venture capital firms. In fact, most of the supply was sold during the seed round in early 2022.

At that time, we thought it might be an interesting thing, but we didn't expect it to grow to such a large scale now. So I think these criticisms are valid. In fact, over time, we have been working to buy back that portion of the supply from the seed round and subsequent Series A rounds, so that we can minimize the dilution the community suffers."