Ponder Token Strategy — Part II

Following the previous medium post detailing the pivot from dating referrals to business referrals, we’ve now decided on our token strategy. Just as a reminder, here were the previous decisions we made:

1. It doesn’t make sense to have a native token purely for payment purposes. The velocity is too high and any token will decrease over the long term in value
2. For distribution of payments we will use a stablecoin, since this will create a better customer experience.
3. We’ve decided to use the Hashgraph as our DLT of choice since it is the only platform that we believe scales effectively without running into issues of transaction speed and cost
4. We punted down the road whether we would ever have out own native token and whether we would continue and ever have a token sale.

We’ve now decided that we will eventually have own native token. However, it would be a work-based token, where good referrers — and people that add value to the community — are rewarded with our token. The token would create status on the network, enabling them to get more referral opportunities and thereby earn more money.

Given that the token structure is so different from the original token structure we had proposed, and that it won’t be launched for several months, we don’t think it’s wise to continue with the ongoing token sale. We will be unwinding that token sale over the coming weeks. While this will come as a disappointment to many, we think it is in the best interests of the long term success of the firm.

Once our new token is launched and has some traction, we may decide to do another token sale. However, we don’t want to commit to this just yet. Our central goal in all our decisions is about whether it will help our referral community or not.