If you’ve been making the rounds pitching your upcoming ICO, chances are you’ve been rejected and labeled as not a protocol token. The protocol token thesis, outlined in USV’s blog title Fat Protocols, states that 90% of the value of the network is captured in the protocol layer which is accessible by a token native to that network. Investors love protocol tokens as they can buy in early and experience gains similar to what was seen with Bitcoin and Ethereum. Continue reading “Protocol Tokens — Good for Investors, Bad for Business”
