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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.

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

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.

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

Today, token sales are a good idea for an incredibly small number of companies, and many proposed token sales are not a good fit for us.

AB

Andy Bromberg

03/09/18

@ Y Combinator

The relationship between equity and tokens in a successful token sale may blur, as the company's value could derive more from its token holdings than from traditional equity.

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.

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

09/15/18

@ Y Combinator

Not every startup will need to issue a token; traditional trust-based relationships will always exist alongside tokenized systems.

ac

a16z crypto Cast

05/30/25

@ a16z crypto

Understanding the different markets where tokens are used is crucial for a successful global launch, as it requires knowledge of local contexts and user behaviors.

AB

Andy Bromberg

09/15/18

@ Y Combinator

We're looking to support offerings of security tokens, but we don't see this as a pivot; we see ourselves as infrastructure to support sales of tokens.