Michael Saylor: Most token issuers do not want to be decentralized, but are eager to enter the capital market

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According to CoinDesk, as reported by ChainCatcher, Michael Saylor, the founder of Strategy, stated in an interview that many token issuers are actually "pretending" to be decentralized, and they do not truly want decentralization but are eager to enter the capital market.

The use cases for digital tokens are to create capital and innovation, whether it's the TRUMP coin, or tokens issued by people like Katy Perry or JOE Rogan, whether they are smart contract tokens, utility tokens (such as those that allow access to a website's music library), or possibly a highly complex token and/or Non-Fungible Token, which are actually very convenient. However, if registered as securities, significant costs are required, including lawyers and accountants, and substantial annual investments to ensure compliance.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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