Unlike a conventional corporate loyalty program, company or industry tokens offer liquidity, because platform participants can sell and transfer them on crypto exchanges or secondary markets, which integrates the token and the platform into the mainstream economy.
Source quote, verbatim
Platform participants can sell and transfer them to other interested parties on crypto exchanges or secondary markets. These parties could be the "public" or a more restricted and pre-defined group of people. Either way, it integrates the token (and the platform) into the mainstream economy.
From
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018), 8. Crypto Coins and Tokens, p. 17 https://ssrn.com/abstract=3227933 · source PDF
Cite as
Mark Fenwick, Wulf A. Kaal, Erik P.M. Vermeulen, Why 'Blockchain' Will Disrupt Corporate Organizations (2018). SSRN: https://ssrn.com/abstract=3227933
Holds when
existence of crypto exchanges or secondary markets
Classification
mechanismsupport: arguedtokenomicsdefieconomics
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