Since I started trading cryptos/tokens, I'm puzzled by the following question: Am I trading a scam or is there something behind it? If Facebook buys OMG, I won't receive any money if I'm a token holder.
So, the below are my thoughts about the subject
For the moment, the only driver of the price is the supply and demand because it's cool and fun to buy everything.
In the future, the value of the token will stabilize itself and it will move based on its utility.
We can find 3 types of token with different utilities.
1/ The 'yield token': keeping tokens like Neo in your wallet is giving you a right to a potential percentage based of the numbers of transaction in the platform.
People will buy the tokens to get the yield
2/ The 'utility token': in order to use the application, you need to buy tokens (like Civic). Imagine in order to use Windows you need to buy 10 Windows tokens each time.
3/ The 'Superhero token': it's the token which fights against one of the biggest injustices of our actual digital world... You get tokens if you share your private details (like Dovu). Facebook is making billions using our personal life and selling it to corporate. And we don't receive a dime!!!
So, I've got the feeling that we are not part a giant scam but it's the beginning a new class of assets. Only time will tell if I am right or wrong.
Feel free to post comments to improve my diary (and click on the upvote button to help me and the platform ;) )
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