What can the BTRUST token be used for?  -Governance. This is the most important. Governance has financial value here because it might mean the difference between paying higher fees or not, or even keeping the network alive or not. At some point, if the token value drops and the network is more reliant on fees, participants may decide it’s actu... See more

So far, this post has focused almost exclusively on tokens’ ability to capture value by generating income streams for their holders. They are productive capital assets. This may very well be sufficient to value most tokens in the long-run. Equity-like analysis will do the trick here. Think DCF and DDM.

However, valuing tokens based on cash flows rem... See more

But it should be noted, this incentive system does lead to a signaling problem. To keep people motivated to believe, work hard and spread these decentralized environments, it’s very helpful that the prices of the shares (ie., tokens, etc) and that triumphant vibe within the culture — all plausible evidence of the potential size of the prize and our... See more

In traditional firms, the incentives between users, employees, and owners are often not clearly aligned. When a token on a global blockchain is the business model, incentives are no longer muddled by legal entities, jurisdictions, and business models that conflict with the best interest of the users.