Garen Vartanian
Sep 5, 2018 · 1 min read

One of the most important of qualifiers/quantifiers is missing from this list, and that’s the absolute necessesity of a network or community that is ready to use the mechanisms that are to be rolled out by these projects, token utilization implied. Without a functioning ecosystem, all tokens class as security tokens.

The golden question to ask is “do these tokens have true utility.” Do they fall into that category, or better yet, emerge as a novel class of yet to be defined financial instrument with intrinsic functionality. Building what amounts to a security is easy. Showing true use–even rudimentery functionality–out of the gate is what’s hard. I can think of just a handful of such example, such as the token curated registries for reputation ranking; Augur is a good one too.

    Garen Vartanian

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    An avid blockchain entrepreneur and developer. Helping decentralize thought processes on here and elsewhere.