How it works - Token

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Transcript

We'll discuss how the token works. So you want to ask the questions. How is the token integrated into the product? How do users access the token? Do they need access to use your platform or your app, you want to explain and then show us in diagram, step by step, tell a story tell a story in a paragraph or two. Sometimes this is weaving woven throughout the document.

But usually, it's made very, very clear. Why does this product have a token? Can you earn it? You can even discuss later how and why you would sell it on a secondary market. Use this document explain all the uses of the token and the tokens advantages and benefits and how the platform benefits how people benefit in general, and really discuss the structure whether it's a true utility token, it's an investment, stuff like that. So let's look at a few examples because people kind of do this.

So many times. Different ways, there's so many ways you can do this. So I love this one, the CO vesting example, co vesting train token, nice, brilliant, beautiful blue right in your face. They talk about the structure of the token the ERC 20 standard Ethereum blockchain exactly how you're going to use it the maximum amount. Sometimes this is kind of woven in with the distribution. So they kind of do it in this paper.

You don't have to do that. But they talk about the use of the token, the growth of the token trading models exactly what this token is for really good, quick, crisp example here. Let's take a look at another. And so we have persona, and they go into the token design, onboarding, data transfer, so you get the true use of why this thing has a token here. You see, they talk about the technology behind it. And then they go into use cases.

So a lot of times it's gonna make sense to talk about the token and Go into use cases because that's kind of what this thing is. So let's look at date coin, they coin uses this part to talk about how the original product intersects with the new product using the token. And then they talk about the token buyback program, which is exactly. It's more how the token is used. And they just they call it a buyback program. And they talk about how this app turns into a D app from an original dating app.

And so you have a diagram here as well. So it's a really good example new users token holders, how the token interaction with the blockchain, the application, even burning tokens, and even the entire smart contract diagram and all this stuff. So this is a really, really good example. And they talk about product here. Let's look at one more. Let's look at ETFs.

And they go ATF token very clear right to the point paragraph here. First token allows watching community to have access to advanced technology. agrotech what 10 tokens would do for you. So they talk about shares in the company, how this is different. And then he talked about the Ico goals and then go into the Ico. So you can use this to talk about the structure, the breakdown of the token will separate distributions to something else.

But I really want this section to be about how the token is integrated. And some examples some cases, you're going to get a situation where it's kind of discussed with the product description and not the token description. I suggest you separate how the token works from it. And then if it makes sense to fuse together, then do that at the end. So that's going to wrap up the token how the token works, discussion.

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