The Right Way to Think About Crypto Tokens

Consumers might be the biggest winners when crypto tokens are designed correctly. At least that’s the case made by a new paper by MIT’s Christian Catalini and the University of Toronto’s Joshua Gans, which describes a simplified model that illustrates what might be a valuable price discovery role that utility tokens, or those that operate as true commodities in the spirit of bitcoin and ether, might enable. Not only that but the paper, called Initial Coin Offerings and the Value of Crypto Tokens, goes so far as to predict a world where tokens empower consumers to choose an optimal price for a service collectively.

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