IOTA Token Value.
While many within the Cryptosphere have made a mantra out of correlating a token’s price performance with its project-worthiness, embracing such a perspective tends to obfuscate any objective assessment of a project’s actual value. Certainly, within contemporary culture an almost wholly consuming myopia places such heavy emphasis on money as the primary — if not sole — metric for value determination that value apart from money is hardly given consideration, consequently depriving one of the ability to appreciate, in any detail, the scope and magnitude of any offering.
Value, such as in functionality, utility, application — the what something does, why and how it does it — when relegated to a place beneath the superficial covering and overly-inflated concerns of a monetary metric, loses a vital and informative significance, often with dire consequences — at least within the Cryptosphere — as evidenced in exploits that harm, severely cripple, or utterly destroy whole networks, platforms, or projects. Due diligence can hardly be accomplished at the level of a token’s price being used as the metric to determine project-worthiness, neither does such satisfy the DYOR requirement!
And yet, within the Cryptosphere, price speculation prevails as the underlying and prime modus operandi when evaluating which projects merit attention, especially so amongst media, whether individual YouTube influencers, tech analysts, online crypto publications, or crypto news desk hosts. This is not to suggest that price is irrelevant, just that it is a poor criterion upon which to singularly determine merit.
Where DYOR and due diligence are properly undertaken, value, as realized in why something exists, what it does, and how it does it translates to an obviously more comprehensive evaluation of project-worthiness than solely token price valuation: efficiencies and inefficiencies can be assessed such as give context to token price — not something that is even possible the other way around. Thus functionality, utility, and application become indispensable considerations, where they exist, in assessing not only project-worthiness but token value also.
It is important to realize that certain projects find impetus for being specific to speculative endeavor. Thus such projects are especially speculative in nature and their tokens correctly designated as speculative assets. Speculation, as a formative conceptual component and as an analytical agent has meaningful application in such instances. Not so in projects having a distinctly different premise for being.
IOTA, as a substantive project for whom functionality, utility and application are essential core components, requires an evaluation of its token dependent upon those factors. Only as it is able to realize the accomplishment of its objectives, relative to its essential core components, can its token value be expected to perform correspondingly and thus substantially.
IOTA is not a speculative project. IOTA is a substantial and practical project.
As IOTA exercises all of the various attributes that evidence and establish just how substantial and practical an endeavor it is, that substance and practicality manifests its actual value — its functionality, utility, and applicability — and invariably provides legitimate context for its token to realize value accordingly. As with any platform, environment, or ecosystem providing useful, efficient, and practical tools that solve a wide range of real problems, those in need of those solutions and for whom those tools have positive applicability become its initial adopters, after which additional adopters follow. The greater the utility, the greater the adoption.
Notwithstanding the role of marketing, the sheer scope of IOTA’s footprint, coupled with its comprehensive modular, interactive, and agnostic interoperability, all within the context of a completely feeless, secure, scalable and decentralized DLT, gives it a uniquely competitive place amongst crypto projects. The recent addition of the Shimmer Network — with its developers sandbox environment — and Assembly — with its permissionless and permissioned agnostic and sharded Smart Contract capabilities — constitutes a tour de force ecosystem whose adoption potential and value proposition is immense.
It is in light of such an immensity that one might best establish premise for how to properly contextualize expectations around an IOTA token valuation.
The caveat here is context:
Because IOTA is a practical, rather than speculative project, when the IOTA ecosystem becomes fully operational the IOTA token value will be reflected in the level of activity transpiring within the IOTA ecosystem. For those driven by speculation and expectations thus derived, this is untenable. For FUDsters, you’re welcome (no doubt I’ve provided you with more stones to throw from your glass house). For HODLers, you know you know.
Peace,
M. Azanyah
