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1confirmation Founder: Custodial Company Model Only Effective When Tokens Have Long-Term Value Storage Function
Summary: In a recent tweet, Nick Tomaino, founder of crypto venture capital firm 1confirmation, stated that every token holder is now looking for custodial companies to safeguard their assets. However, the custodial company model is only effective when the market widely believes that the cryptocurrency has a value storage function. No one wants a group of ...
In a recent tweet, Nick Tomaino, founder of crypto venture capital firm 1confirmation, stated that every token holder is now looking for custodial companies to safeguard their assets. However, the custodial company model is only effective when the market widely believes that the cryptocurrency has a value storage function. No one wants a group of fraudulent insiders to profit. This is where the most significant difference lies between tokens that can act as a trustworthy value store and so-called 'company coins'.
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Link: 1confirmation Founder: Custodial Company Model Only Effective When Tokens Have Long-Term Value Storage Function [Copy]
