Blockchain Influencer Thomas Power: 99% of Tokens Will Fail

VILNIUS, Lithuania (European Union), Feb. 11, 2019 /PRNewswire-PRWeb/ -- "The great conundrum of tokenization in the future will be the low liquidity of tokens. Actually, liquidity is possible only in the Top 20 tokens. Of all around 5,000 tokens, 99% will fail and around only 50 will make it. Many of the survivors will merge, roll up, acquire one another for talent, clients and token capital", Mr. Power said to Jaunius Spakauskas in an interview with the European crypto lending company HODL Finance.

Mr. Power, who is also a co-author of a book about ICOs, cryptocurrencies, and tokenomics, believes that one of the barriers to tokenization is the legal uncertainty: "the industry may promote the regulator and bring in proper lawyers. Regulation is critical along with proper lawyers and independent Board Members. Most crypto startups don't understand all of this".

One of the most interesting notions being popularized by Mr. Power is the 'tokenization of people's attention'. Mr. Power, who throughout his career raised and sold £1.2 billion of capital and assets, considers "attention is the product, so people should get paid to surf".
There are companies that are already paying people to surf with 'attention tokens'. FaceCoin from Facebook will follow suit.

"Tokens for every like, every share, every photo, every invite, every message. FaceCoin then will be redeemable at Facebook Marketplace to buy things and services", T. Power adds.

All brands will also adopt attention tokens and reward their consumers for lowering their CO2 emissions. Climate Change Strategy is where crypto tokens will make their mark 2020-2030.

HODL Finance is the European digital lending company. HODL Finance issues loans backed by cryptocurrency and other digital assets. Founded by the shareholders of the peer-to-peer lending platform, Savy, HODL Finance now serves clients around the world.

SOURCE HODL Finance