#utility-tokens

Rationales Behind Multi-Token Business Ecosystem (MTBE) for #blockchain Startups
▻https://hackernoon.com/rationales-behind-multi-token-business-ecosystem-mtbe-for-blockchain-sta

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Image Credit: PixabayThe dopamine rush which likely hits the brains of intending founders of startups within the blockchain space at the thought of owning their own company solely powered by its utility token is ludicrous. We hear founders claim their tokens are utility tokens thereby saving them any future regulatory cross hairs with authorities such as the SEC and other regulatory agencies. Most times even with all the noise on the utility nature of these tokens, just a smidgen few of them consider the need to undertake the “Howey Test” which professionally investigates if a token is classified either as security or utility. This has led to many of them breaching the line of regulatory authorities put forward between utility tokens and securities offering. This discourse, however, is (...)

#utility-tokens #token-economy #bitcoin #startup

#blockchain: Utility Tokens — Prevarication or Fact
▻https://hackernoon.com/blockchain-utility-tokens-prevarication-or-fact-341f5633c509?source=rss-

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Blockchain: Utility Tokens — Prevarication or FactTL;DR The long and short of this article is that majority of Utility Tokens as they present in the blockchain ecosystem are majority redundant, useless and/or designed to skirt regulation. In turn are damaging to adoption within a progressive digital economy. I want to be clear that this is not against all projects, nor is it against actual traders.The Year of Money for JamThe year was 2017, every man and his dog were releasing the next generation of Distributed Ledger Technology. Promises of “world first, infinite scalability, privacy preserving” and every other marketing buzzword one could imagine. This phase in #cryptocurrency history was that of the ‘Initial Coin Offering’ or better known as #ico. All made possible by the ease of creating an (...)

#utility-tokens #business

Utility tokens: discussion, economic model and simulation in #r
▻https://hackernoon.com/utility-tokens-discussion-economic-model-and-simulation-in-r-798c0ff3d26

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Last fall I was hired to build an economic model for token-curated registries as part of my consulting job. Since then, I encountered many people who expressed interest in this model, so I decided to share the basic theory and implementation.Contents1. Philosophical introduction2. Model summary3. Agents and motivations4. System statics5. System dynamics: simulation in R6. Conclusion1. Philosophical introductionThe great expositive summary of Token economy can be found on Wikipedia, so I will dive into my points straight away.As I see it, a token economy is an attempt to quantify life and give a price to everything. This aligns perfectly with classical economic thinking, where even externalities, such as air pollution, can be compensated by sufficient taxes.Wikipedia says that tokens (...)

#token-economy #economics #utility-tokens #token-economics

Capturing crypto value: a guide to tokenisation strategies
▻https://hackernoon.com/capturing-crypto-value-a-guide-to-tokenisation-strategies-f17c72df4e5e?s

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IntroductionCrypto systems have the potential to create significant amounts of value through the provision of new services and the enhancement of existing. However, it is not clear how much of this value the tokens themselves will actually be able to capture. This series of posts will study tokenisation strategies, how effective they are at capturing value and how well they perform their intended role.Having established the traits of a less-valuable #token, we are then able to identify and suggest traits of more valuable tokens. I will refer to those displaying higher value traits as ‘true utility tokens’ and ‘equity-style security tokens’ and I will discuss both in detail in my next post. But for now, let’s start by looking at where things seem to have gone wrong…the ‘utility’ token.Part 1: (...)

#tokenisation-strategies #utility-tokens #tokenization-strategies #blockchain