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Atmrix

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AB

Andy Bromberg

09/15/18

@ Y Combinator

Tokens are essential for the functionality of certain networks, as they incentivize users to participate in the ecosystem, such as storing and sharing files.

Video

YC

A Conversation About Crypto-currencies and ICOs with Andy Bromberg

@ Y Combinator

A Conversation About Crypto-currencies and ICOs with Andy Bromberg

09/15/18

Related Takeaways

AB

Andy Bromberg

03/09/18

@ Y Combinator

Tokens in ICOs serve as an incentive layer on decentralized networks, allowing for trustless transactions without a central authority.

AB

Andy Bromberg

09/15/18

@ Y Combinator

Tokens and blockchain technology serve as infrastructure for exchanging and transacting value, allowing for programmatic value exchange.

AB

Andy Bromberg

03/09/18

@ Y Combinator

Filecoin, created by Protocol Labs, exemplifies a decentralized solution for file storage, incentivizing users to provide storage space through a token model.

AB

Andy Bromberg

09/15/18

@ Y Combinator

A token is a scarce digital asset that represents ownership, most commonly of a token network, and is launched without any single entity controlling it.

AB

Andy Bromberg

09/15/18

@ Y Combinator

Airdrops are a method of distributing tokens to users without fundraising, often used to encourage initial participation in a network.

JB

Juan Benet

07/01/17

@ Y Combinator

The motivation for individuals to contribute storage to the Filecoin network will primarily be financial, as they can earn money by providing their resources.

AB

Andy Bromberg

09/15/18

@ Y Combinator

The ultimate goal of blockchain and tokens is to create a trustless system where no party has to trust another, achieved through proper incentives.

AB

Andy Bromberg

09/15/18

@ Y Combinator

Most tokens are some sort of object that fits into the category of currency, but not all tokens are designed for that purpose.

AB

Andy Bromberg

09/15/18

@ Y Combinator

As infrastructure for asset-backed tokens develops, it may make sense for companies to raise equity through tokens that represent that equity.