There seems to a flurry of interest in STOs (security token offerings) lately. In this essay, we shall try to distinguish between security and utility tokens and fathom how STOs might be used. Game Arcade Analogy Game arcades offer a plethora of games including merry-go-round, basketball hoop shoot, pinball and electronic games. Payment for games is usually via tokens which can be purchased from a token counter. Why use tokens instead of coins? Centralised cash handling, security (not having 50 cash locations in an arcade of 50 games), ease of converting notes including foreign notes, ease in changing...
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