What are “premium tokens” on Das33 platform?

Premium tokens are a new variety of blockchain-based digital tokens created specifically for the Das33 project. They are considered neither utility tokens nor security tokens.

Take note:

"Utility tokens perform a function within a system, while security tokens derive value from an underlying asset, such as company equity."

Instead, the premium tokens obligate the issuing company (on the Das33 platform) to pay a pre-defined premium to the token holder based on the issuing company's achievement of a designated KPI (Key Performance Indicator) over a period of time. The token’s KPI is defined by the issuing company, and must be made available and easily verifiable by the token holder on the blockchain. The token represents a binded agreement/promise to pay a premium by the issuing company based on the achievement of the stated KPI – it does not represent any underlying asset (such as company equity, dividends or debt) and it does not perform a function within a blockchain-based system. Essentially, the premium token represents a smart contract: the issuing company will pay a premium to the token holder based on its achievement of a stated KPI. The payment of the premium will be made on the DasCoin Blockchain using its native cryptocurrency (DasCoin) on agreed upon time increments (e.g., monthly, quarterly).

Posted from my blog with SteemPress : https://dascointech.com/premium-tokens/