Tokens

Tokens are valuable if they can be redeemed fo a good or service that enjoys long term demand. Price volatility allows hedging to occur naturally. Tokens do not perish, so they can be effective when used for perishable commodities like milk. If the price of the token changes, the token itself may be considered an investment.

Blockchain based tokens will be here soon. Better minds than mine are considering what tokens will be the first to penetrate the existing economic environment.

Electricity and gasoline are the first products that seem natural. A gallon of gas or a kilowatt of power could be seemlessly introduced into modern systems.

Initial incentives could be easily accomplished through a price break. If you purchase tokens for tomorrow’s gas, you will save on tomorrow’s expected expense. In this way companies could bring forward future revenues to the current period.

This also creates another business: token exchanges.

This token based economy is the hopeful future for the Steem blockchain. Time and creativity will proce out.

Here is today’s beauty.