Too Long; Didn't Read
Not all tokens are born equal. Tokens backed by <a href="http://forklog.net/russian-farm-to-issue-crypto-tokens-backed-by-ducks-geese-and-goats/" target="_blank">chicken and geese</a> are different from tokens issued by a <a href="http://blockchain.capital/" target="_blank">VC fund investing in blockchain startups</a> or tokens <a href="https://medium.com/@StorifierCo/what-is-nimiq-f9f0e6d5ad57" target="_blank">compensating participants for a network maintenance</a>. The ability of tokens to be a tool for non-dilutive fundraising is making the headlines. Attract millions of dollars without giving away any equity with a 30 page text document and a few lines of code — who does not want that? However, it is the token’s functional (utility) role in a project’s ecosystem that largely determines the viability of that project as a decentralized distributed entity.