The Demise of Utility Tokens? Examining Iconomi and Cofound.it

Utility tokens are facing a crossroad situation, with the loss of faith from "investors" and questionable utility within their ecosystems. Let's examine the situation of two different utility tokens, Iconomi (ICN) and Cofound.it (CFI), who are handling the changing ecosystem in interesting ways.

I firmly believe this will be an important trend to keep an eye on, as the market sours on certain flavors of utility tokens, while other forms of utility may actually gain prominence and use.

Iconomi's Blog Post on Moving from a utility token to equity and refunding investors who don't want equity:
https://medium.com/iconominet/the-technical-and-legal-side-of-iconomis-transformation-542319b96f0f

"Closing Cofound.it as crowdfunding market disappears and presenting good practice for ICOs"
https://blog.cofound.it/closing-cofound-it-as-crowdfunding-market-disappears-and-presenting-good-practice-for-icos-796db5e001b8

Margin trade crypto to hedge your portfolio (only for advanced investors and traders):
Bitmex - https://www.bitmex.com/register/9taqGR

Buy and Trade altcoins on Binance - https://cryptobobby.com/binance

Secure your Crypto with a Ledger Nano S:
Amazon (faster shipping):
https://cryptobobby.com/ledger-amazon
Ledger (slower shipping, but cheaper): https://cryptobobby.com/ledger

Get a Free Trial of Coinigy (the trading/charting software I use):
https://cryptobobby.com/coinigy

Follow me on Steemit:
https://steemit.com/@cryptobobby

Follow me on Twitter:
https://twitter.com/crypto_bobby

Join the Facebook Group:
https://www.facebook.com/groups/140921189836895/

Portfolio Tracking:
Blockfolio - https://www.blockfolio.com/
CoinTracking.info - https://cryptobobby.com/cointracking
Bitcoin.tax - https://cryptobobby.com/bitcointax

*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *

** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**

Share your thoughts, add a comment!

You must be logged in in order to place a comment.

Article comments

Loading...
No comments yet, be the first to comment this article