if you need significant vesting (which you do, otherwise you dont retain key talent), then it is pretty similar to stock options

also if token holders see insiders (founders/employees) selling, obviously that would great disproportionately high fear and potential “run on banks”

and stock price (and token price) is not proportional to company value. the shortsighted nature here could create problems, as startups cannot afford to be shortsighted

and if employees do sell shares to other employees, what does that say about their motivation level to company? basically you sell and then quit, right?