Just between security token and utility token, which token do you guys prefer? I am actually on the side of utility token because there is a clear demand over there, which means assuming its supply stay constant, the price of that utility token will theoretically rise as demand increases.
I just can't see how security token is going to change the industry in any way.
What do you guy think?
I actually prefer utility tokens too. We all want cryptocurrencies to gain mass adoption from the large population of people in the world and Utility tokens are the most feasible way to do that.
For example, When a blockchain project that solves a real life problem comes into existence and creates a token that will be used to access the platform, when a novice in cryptocurrencies finds the platform and likes the idea and wants to be part of the platform, he/she will be forced to buy the utility token of the platform so as to gain access to the special benefits of the platform in question. For Crypto novices on the other hand security tokens will look complex and they will only use them when they want profits or an alternative way do make money.
From the above illustration, you can see that Utility tokens are actually the best way to achieve mass adoption that we sought after. Security tokens too have their own benefits but the benefits and usefulness of Utility tokens outweigh that of security tokens. Thanks!
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