Hi BlockMason Team,
Quick question: how would investors make money off of the token given that it is a utility token? Like - naturally as an investor, I would want to invest in something that is going to be the best bang for the buck. That said, if these tokens are just essentially entries to the "highway" of the blockchain credit infrastructure, wouldn't the tokens have to always stay at a relatively low price point to encourage people to use said highway? Will the market for the tokens govern the future price? If so, could this theoretically price people out of the credit highway if it became extremely popular? That would then defeat the purpose of BlockMason Credit Protocol, no?
I would like to invest more, however, if there will be a theoretical cap on how much this utility token held will go for, I am not sure how much money I really want to put into it. Sorry if I have a misunderstanding of how it works.
To sum up: how exactly will token holders make money in the future as BlockMason Credit Protocol becomes successful? Will the token price be manipulated to never go past a certain point - or could their be significant profits reaped in the future provided Block Mason's success goes as planned?
Thanks in advance,
CJ
What is the core value of your coin?
BCPT produces transactions that power the Credit Protocol. The tokens, when staked to applications built atop the protocol provide transaction capacity allowing those apps to run. Without the token, the application would not have write access.
Why would the value increase over time?
It would increase over time as demand rose for applications based on the Credit Protocol. As the protocol represents a scarce, desirable resource, backed by patent applications, copyright, and an ability and willingness to protect that intellectual property, an increase in value is very likely as credit recording on the blockchain becomes a standard use case.
Why would the value increase faster than BTC or ETH?
The current price of the token represents the price of the protocol before developers and the public understand the full potential of credit recording. The value and use cases of BTC and ETH are already substantially known. As applications based on the protocol spread, developed by our team or by 3rd parties, the value of BCPT will likely rise faster than BTC or ETH as that information gap closes.