graduation

the dual capital structure sucks. the operating company, OpCo (equity) and onchain captable (token) have misaligned incentives, with street foundation inventing the ERC-S standard — token holders get liquidation proceeds if there's an OpCo's liquidation event (acquisition, M&A or IPO).

how it works:

existing projects: if any noice project is trading above $10M market cap AND older than 30 days, we initiate an ERC-S conversion ceremony — the team commits 1 to 99% of their equity to an SPV setup by street. this SPV will get $$'s if you're ever acquired. this money will likely go to your token holders.

new projects: noice is the official launchpad partner for street on base.