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https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 A protocol token is part of the Colony road
by mbrock 9y ago
https://blog.colony.io/the-colony-token-sale-7ac14c845bc0 https://blog.colony.io/the-colony-token-sale-7ac14c845bc0
A protocol token is part of the Colony roadmap, but they won't do a token sale until the product is ready, to minimize the risk that their token will be considered an unlicensed security by the SEC.
Protocol tokens or "app tokens" in general are really exciting, and a lot of the smart VC people are talking about them. The latest episode of the A16Z podcast is all about protocol tokens, for example.
- Kiro 9y agoWhat's the difference between a protocol token and the scam tokens you usually get from ICOs?
- mbrock 9y agoOne's a scam and the other isn't? I mean, it's just a question of whether the thing is legitimate, real, and non-fraudulent.
- vertex-four 9y agoA protocol token can actually be used to do something.
- Kiro 9y agoWhat is it then? How does it differ from regular tokens, from a technical point of view?
- mhluongo 9y agoIt's necessary for the network design.
- vertex-four 9y agoThere is some program in existence which uses the tokens to fund or incentivise actually performing some useful action.