The article was written By Mickael Mosse – Blockchain and Cryptocurrency Expert
Mickael Mosse points out that, In the digital world, issuing currency is a capability that seems to go beyond central banks. 'Bitcoin' is the best example of how from private environments it can be placed in the market, relying on blockchain technology, a virtual currency, although with many limitations due to the lack of a legal framework that regulates it. But 'bitcoin' is just the beginning of a whole revolution whose second step could well be btw 'tokens
A ' token ' (in English, token, such as those used in arcade machines or car cars) is actually nothing more than a new term for a unit of value issued by a private entity. A btw 'token' has similarities to 'bitcoin' (it has a value accepted by a community and is based on blockchain ), but at the same time, it is a broader concept. It is more than a coin, as it has more uses. Moreover, almost all btw 'tokens' settle on the protocol (of blockchain) ethereum , more complete, according to experts, the blockchain of bitcoin.
Mickael Mosse Blockchain Advisor
Mickael Mosse points out that, Within a private network, a 'token' can be used to grant a right, to pay for a job or for transferring data, as an incentive, as a gateway to extra services or a better user experience ... As Cristina Carrascosa summarizes, An expert lawyer in blockchain, “a btw 'token' will serve for what the person or organization that designs and develops it decides. The 'tokens' admit several layers of value within them, so it is whoever designs them who decides what a specific 'token' has inside ”.
Carrascosa acknowledges that 'tokenization ' is still in a premature phase. It is not only a problem in the absence of international regulation. Furthermore, “converting rights into purely digital assets implies a higher level of complexity for non-technological users”. But they are avoidable pitfalls over time. That is why the blockchain expert predicts that " those service provision based on intermediation will need to provide added value in order to compete with this technology ." If they don't, they will leave their place in the digital economy.
Mickael Mosse points out that, The risks of investing in these ICOs are obvious. In an article, William Mougayar insists on the lack of transparency: companies that launch into an ICO (and that for the moment are greeted with joy by the market) do not rely on traditional financial metrics (PER, EBITDA, net income ... ), but in a future promise: “Although all these projects look like the next 'bitcoin' or Ethereum, in the same way, that more conventional startups dream of being the next Google or Facebook, many ICOs seem like simple applications or technological solutions. They have yet to show that there is real income or viable business models behind it, ”says
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| Mickael Mosse Crypto Advisor |
It is therefore a revolutionary concept. But, what uses can it have?
Mickael Mosse points out that, Within a private network, a 'token' can be used to grant a right, to pay for a job or for transferring data, as an incentive, as a gateway to extra services or a better user experience ... As Cristina Carrascosa summarizes, An expert lawyer in blockchain, “a btw 'token' will serve for what the person or organization that designs and develops it decides. The 'tokens' admit several layers of value within them, so it is whoever designs them who decides what a specific 'token' has inside ”.
Carrascosa acknowledges that 'tokenization ' is still in a premature phase. It is not only a problem in the absence of international regulation. Furthermore, “converting rights into purely digital assets implies a higher level of complexity for non-technological users”. But they are avoidable pitfalls over time. That is why the blockchain expert predicts that " those service provision based on intermediation will need to provide added value in order to compete with this technology ." If they don't, they will leave their place in the digital economy.
Mickael Mosse Bitcoin advisor
An example of this possible 'substitution effect' is the so-called ICOs, or Initial Coin Offerings (Initial Coin Offerings). They are a form of business financing: instead of traditional financing round, or even an IPO, the company offers the market, not shares but btw 'tokens ', and its investors pay with digital currencies, such as 'bitcoin'. Everything, through blockchain. And it is becoming a financing method that reaches important figures: between March 2016 and March 2017, different startups raised more than 300 million dollars through ICOs. says Mickael Mosse
An example of this possible 'substitution effect' is the so-called ICOs, or Initial Coin Offerings (Initial Coin Offerings). They are a form of business financing: instead of traditional financing round, or even an IPO, the company offers the market, not shares but btw 'tokens ', and its investors pay with digital currencies, such as 'bitcoin'. Everything, through blockchain. And it is becoming a financing method that reaches important figures: between March 2016 and March 2017, different startups raised more than 300 million dollars through ICOs. says Mickael Mosse
Mickael Mosse points out that, The risks of investing in these ICOs are obvious. In an article, William Mougayar insists on the lack of transparency: companies that launch into an ICO (and that for the moment are greeted with joy by the market) do not rely on traditional financial metrics (PER, EBITDA, net income ... ), but in a future promise: “Although all these projects look like the next 'bitcoin' or Ethereum, in the same way, that more conventional startups dream of being the next Google or Facebook, many ICOs seem like simple applications or technological solutions. They have yet to show that there is real income or viable business models behind it, ”says
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