Cryptowhispers.eth Profile picture
Crypto researcher with a background in VC financing. Crypto class of 2015.
Nov 26, 2022 13 tweets 3 min read
1. To analyze the economics of using tokens, i.e. tokenomics, one has to first understand what tokens are. Not all tokens are made equal.

Relevant for venture builders: #VentureCapital

a 🧵: 2. According to the SEC, there are 2 kinds of tokens: security tokens and utility tokens. “Security tokens'' are mostly tokens that represent entitlements of future potential cash flows or profit, while “Utility tokens” are tokens that can be used to redeem a product or service.