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OSS Founder: Polychain and DCG are imposing predatory terms on multiple TAO subnet teams, feeling ashamed of such parasitic VCs.

2025-09-04 03:38:18

TAO3.61%

VC2.06%

Odaily News OSS Capital founder Joseph Jacks stated in a post on X: "Polychain and DCG are continuously requesting 'predatory terms' from the Bittensor subnet team that is preparing for launch... These parasitic VCs demand 20%-50% of the permanent token release share from the team while providing almost no value support or minimal funding. Such terms will only filter out extremely mediocre or desperate teams (if they accept such absurd conditions). These two companies also hold over 4% of the total supply of TAO. They should be ashamed of this despicable behavior. After directly hearing from more than a dozen teams that disclosed these details anonymously, I decided to publicly name and condemn them."

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