Founders

Three reasons you might want a token for your project:
- it’s part of a core function of your app *
- it grants equity in the ownership of a company
- It determines how protocol revenues are allocated and spent

* and makes sense to use instead of USDC or ETH

I take the under and say the only valid reason should be the first point. 

Everyone tries to do the second point, most of the time exclusively, while actually entirely ignoring the first point.

With Uvio we built a crypto app where the token is part of the onboarding experience.

founder of eventcaster (@event / events.xyz), hosting /latenightcrew, member of 🍊 dao

I take the under and say the only valid reason should be the first point. 

Everyone tries to do the second point, most of the time exclusively, while actually entirely ignoring the first point.

With Uvio we built a crypto app where the token is part of the onboarding experience.

https://testnet.uvio.network

This is the alt account of Sister Hazel. Writings at https://powerlaw.systems. Building https://testnet.uvio.network. 

If you believe "the world will go onchain", then at some point stock/equity in companies should just be done in tokens. Like it's just a more efficient tech stack than today's system.

oh yeah I agree for the most part... only caveat is you could have tokens as equity from the start, but the "IPO" is when you do your big public sale.

I totally agree with you. I may just wanted to say that doing the last thing first does not make for a good product.