What are “premium tokens” on Das33 platform?

Premium tokens are a new variety of blockchain-based digital tokens created specifically for the Das33 project. They are considered neither utility tokens nor security tokens.

Take note:

"Utility tokens perform a function within a system, while security tokens derive value from an underlying asset, such as company equity."

Instead, the premium tokens obligate the issuing company (on the Das33 platform) to pay a pre-defined premium to the token holder based on the issuing company's achievement of a designated KPI (Key Performance Indicator) over a period of time. The token’s KPI is defined by the issuing company, and must be made available and easily verifiable by the token holder on the blockchain. The token represents a binded agreement/promise to pay a premium by the issuing company based on the achievement of the stated KPI – it does not represent any underlying asset (such as company equity, dividends or debt) and it does not perform a function within a blockchain-based system. Essentially, the premium token represents a smart contract: the issuing company will pay a premium to the token holder based on its achievement of a stated KPI. The payment of the premium will be made on the DasCoin Blockchain using its native cryptocurrency (DasCoin) on agreed upon time increments (e.g., monthly, quarterly).

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Posted from my blog with SteemPress : https://dascointech.com/premium-tokens/

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