The Internet of Tokens
On the surface, ICOs can be thought of as an innovative way to raise capital or create tokens in exchange for money, but it is so much deeper than this. These tokens have unique properties, such as being open, transparent, and decentralized, not to mention being programmable! These tokens need to have a purpose or a function. The economics of the token model, the potential interaction between tokens, and the regulatory impact all culminate into this token entanglement that will help to redefine the future of tokens.
ICOs
As tokens flourish, ICOs will also flourish, but just not in the same form as the craze of 2017. ICOs will be more measured as regulations set in. Expectations will be reset, such that a website, a white paper and an idea do not blindly raise $50 million USD. If this happens, the raise will be much lower and be under more scrutiny. Investors are now savvier and more knowledgeable.
As a form of raising capital, an ICO is very powerful and spurs innovation...
