As long as blockchain and cryptocurrencies are cutting-edge technologies the changes and different updates in this field may appear in any moment. Thus, it has been just a few weeks since the new extensive classification of crypto assets was introduced to common public.
New Cryptoassets Classification
In the middle of October, CryptoCompare, a global data provider for cryptocurrency markets, presented the ‘Cryptoasset Taxonomy Report 2018’, which classifies cryptoassets using various frameworks. The report is an analysis of more than 200 cryptoassets based on more than 30 attributes covering a number of economic, legal and technological features. According to analysts, “the taxonomy offers a framework to help retail and institutional investors, regulators and the industry as a whole gain a holistic understanding of the cryptoasset landscape”.
The researchers made a tree with the main archetypes, which seeks to fix in a simple form the most significant grouping of cryptoassets. Analysts expect that with the development of innovations, some types of cryptoassets will become more prevalent while the archetypes above change. Each archetype is described in detail in the study.
Utility tokens and their role in the classification
Following Swiss FINMA regulatory use-case classifications, 65% of the top 100 cryptoassets by market cap are considered utilities, 22% are payment tokens, and the remaining 13% are either asset tokens or combination use-cases.
Thus, utility tokens are somewhat ambiguous as they do not sit neatly in the investor or issuer framework. Their intended purpose is to provide access to an infrastructure or service via blockchain. While utility tokens exhibit lower market capitalisation than payment-based cryptoassets, they are significantly more numerous and boast a wide array of use cases.
Despite the fact that utility tokens are not so volatile and profitable for everyday traders and speculators, they store a real value of blockchain and provide an extensive range of different possibilities and options. There is no doubts, that with the further development of blockchain market utility tokens will significantly grow in price, value and range of adoption.
STQ — a real utility token
Considering all the information above, it is easy to conclude that Storiqa token is one of the best representation of utility tokens class. Thus, the utility of STQ exists not only in the world of cryptocurrencies but transits to our real world. Our token provide you with the access to giant number of different real goods that can be used in our everyday life.
Buy STQ: https://storiqa.com/
Buy first goods for STQ: https://beta.storiqa.com/
Follow Storiqa on
Facebook https://www.facebook.com/storiqa
LinkedIn https://www.linkedin.com/company/storiqa/
Twitter https://twitter.com/storiqa
Join our conversation on Telegram https://t.me/storiqa_en
Our website https://goo.gl/bepUwH
