What really drives token values

IMHO

The core ideas driving token value are these:

• People will want to use a company’s token to purchase products or services, because it provides a better experience than buying with fiat money (US dollars) or generic digital currencies such as bitcoin.
• As the platform grows and more users join to buy products, more people will want/need the token. Demand increases.
• There is usually a fixed or slowly inflating supply of tokens.
• As user demand for tokens grows faster than the token supply, the price of the token increases.
• Any users holding these tokens benefit from this price increase.

And it’s worth saying what does not drive token value:

• Any promise of a share in equity earnings during an acquisition or IPO
• Any promise of dividends from the company

It’s important to remember that tokens bring value to their holders, but in different ways than equity or options.