Robinhood CEO: OpenAI and SpaceX’s “stock tokens” are derivatives, not equity

2025/07/03 19:50

PANews reported on July 3 that according to The Block, Robinhood CEO Vlad Tenev responded to OpenAI's questions, emphasizing that the OpenAI and SpaceX "stock tokens" launched for European users are not real equity, but blockchain-based derivative contracts. These tokens are issued on the Arbitrum chain and track the stock price of the underlying company, but investors do not enjoy shareholder rights. OpenAI previously stated that it has not authorized any tokenized stock products and reminded investors to carefully check official documents.

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FUNToken's $5 Million Giveaway Moves Forward with Successful Security Audit

FUNToken's $5 Million Giveaway Moves Forward with Successful Security Audit

In a significant development for its community engagement strategies, FUNToken has announced the successful completion of a security audit for its $5 million giveaway smart contract, conducted by the renowned blockchain security firm, CredShields. The completion of this audit is a crucial component in guaranteeing the security and reliability of the forthcoming community reward campaign. The audit by CredShields demonstrates FUNToken's commitment to prioritizing user safety and trust in its operations. A spokesperson emphasized the importance of this milestone, stating, "Achieving this audit approval from CredShields is essential as it reassures our community of the robustness and safety of engaging with our platform. It allows our users to participate in the giveaway with increased confidence." The secure, audited smart contract is the backbone of a larger initiative to distribute $5 million in rewards to the FUNToken community. This initiative encourages community members to interact more deeply with FUNToken’s ecosystem, boosting engagement and fostering a sense of involvement and ownership among users. Looking ahead, FUNToken plans to launch the reward distribution in the coming weeks. This move is expected to drive greater participation within the FUNToken community and help expand the overall ecosystem. Advancing Community-First Initiatives The $5 million giveaway is not just a promotional tool but a reflection of FUNToken's dedication to community-centered growth. Through such initiatives, FUNToken aims to reinforce its vision of transparency and innovation in the blockchain space. About FUNToken As a pioneer in decentralized gaming and engagement infrastructure, FUNToken continues to develop a tokenized ecosystem that rewards community involvement and pushes the boundaries of gaming technology and Web3 adoption. Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
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Coinstats2025/09/17 19:36
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