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✅ Startup tokens should be valued by the sheer potential they can capture one day. Revenue multiples should be key for valuations in the growth phase. A utility/moneyary premium can grow when there is value (accrual) for economy (participants) aka stakeholders aka token holders (via economic forces, incentives). The integral part for your own token can be a basic dividend, rev-share token (especially for apps). (A little governance too for protocols, some parameter tweaking of protocols/apps) It can also be a staking primitive to redistribute some weight aka incentives towards different sides of multi-stakeholder networks. It can also replace the initial token as central piece in the system. Often you may come up with a relatively simple token design with a 3rd party token and then you’ll build it into a full-swing economy which needs more coordination and could use your own token.
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