EDIT 8/26/2018: This feels a little outdated. Will update some of this thinking at a later date. In the last year, we’ve seen a huge number of initial coin offerings (ICOs). In these offerings, a team creates and sells tokens that promise some future utility. Many speculators that buy ICO tokens have enjoyed spectacular success, selling their tokens for multiples of the original price as soon as the tokens hit an exchange. Months later, some of these tokens have continued to grow in value while others have stalled or fallen below their ICO price. Beyond speculation, what’s driving this price? Over time, are these tokens worth anything?
Simple diligence for utility tokens
Simple diligence for utility tokens
Simple diligence for utility tokens
EDIT 8/26/2018: This feels a little outdated. Will update some of this thinking at a later date. In the last year, we’ve seen a huge number of initial coin offerings (ICOs). In these offerings, a team creates and sells tokens that promise some future utility. Many speculators that buy ICO tokens have enjoyed spectacular success, selling their tokens for multiples of the original price as soon as the tokens hit an exchange. Months later, some of these tokens have continued to grow in value while others have stalled or fallen below their ICO price. Beyond speculation, what’s driving this price? Over time, are these tokens worth anything?
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