Innovation in compensation is great, but this feels like a "I want to play with crypto" move rather than a mature revision of an inequitable existing model. Options that don't expire are a huge incentive! Offer that. 10% is a huge incentive! Offer that.
If you know you're turning off smart candidates with crypto shenanigans it's a good sign that this is not a mature or pragmatic team.
If you know you're turning off smart candidates with crypto shenanigans it's a good sign that this is not a mature or pragmatic team.