Utility Token: a new value-capture mechanism
Andrei Anisimov

Great read. However there is an issue with the notion of forecasting as a way to back into the current price of a utility token. The moment we begin to price a token based on its future value as a function of the underlying network, this ceases being a utility token. At that point it is effectively a security.
Moreover, the extent to which the token experiences upwards price pressure based on projections may negatively affect demand for the network’s service, which in turn could crowd out actual users and see token ownership skewing towards speculators.

These issues are not insurmountable, but I believe are worth noting.

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