Blockchain, with the mention of central media and the two sessions, has gradually entered the public eye, and all kinds of rumors are flying around almost every day. Presumably, people in the cryptocurrency circle have become accustomed to seeing the word "Token" as if it were three meals a day.
Judging from the development of blockchain around the world, regulators are worried that cryptocurrencies will be used for crimes, money laundering, and bring risks to investors. But the Swiss government believes that this can bring economic opportunities. The country's economy minister also said last week that Switzerland hopes to become a "crypto country." At a time when global regulators are generally suppressing cryptocurrencies, Swiss financial regulators have bucked the trend and announced a series of guidelines to help startups conduct ICOs (initial coin offerings) in the country.
Recently, the Swiss Financial Market Supervisory Authority (FINMA) published guidelines on how to deal with ICOs. Mark Bransom, CEO of FINMA, said:
“Our measured approach to ICO projects and investigations allows legitimate innovators to proceed in a regulated environment and launch their projects in a manner that complies with our laws that protect investors and the integrity of the financial system.”
Like most regulators, each ICO will be examined on its own merits. In other words, the regulator will look at the economic function and purpose provided by each entity to determine which laws apply. However, FINMA acknowledges that new distinctions have emerged between different kinds of tokens. These are:
Payment tokens / Cryptocurrency
Utility tokens: Tokens used to provide digital access to applications or services.
Asset tokens: Tokens that represent assets, such as participation in a physical asset, a company or income source, or rights to dividend or interest payments. In terms of their economic function, tokens are similar to stocks, bonds, or derivatives. This distinction is very similar to the terminology that appears in traditional industries. This distinction will help project parties determine whether ICOs are subject to securities regulations, anti-money laundering (AML) and know your customer (KYC) requirements.
To avoid making things confusing, FINMA points out that the individual token classifications are not mutually exclusive. Asset tokens and utility tokens can also be classified as payment tokens (called hybrid tokens). In these cases, the requirements are cumulative; in other words, the token is considered both a security and a means of payment.
The current blockchain world is indeed full of bubbles. Because it is too close to the interests, it gathers elites and monsters, and the boundary between the two is blurred. The emergence of various air coins, pyramid scheme coins and useless coins has made digital currency turbid. And because of this, the true value of the "Token" hidden behind it has been completely covered up.
“The sad thing is that 99% of those who are cheering for blockchain now do not understand the significance of Tokens. They are only going for its wealth effect.” Many veteran figures in the blockchain field have said so.
When any digital currency is issued, what coin enthusiasts are most concerned about is whether the currency can be applied in the future.
AssetFun (AFT) is a blockchain token ecological platform whose main network has been launched and whose prediction market has been put into practical use.
Users can publish their own predictions on the currency price in the prediction market, and in the future they can also predict gold, housing prices, etc. In the future, AssetFun will also provide a series of blockchain token products such as token issuance and token market, so that users can simply experience blockchain token services.
Perhaps only when impetuousness fades away, just like the pearls on the seabed will be exposed when the tide recedes, then the charm of Token can be truly revealed; so the value of your token on AssetFun in the future will be immeasurable.
AssetFun (AFT) redefines token value
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