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Thursday, December 21, 2017 11:04:56 AM
Decentralized applications (dApps) generally don’t require a native token to function in the same sense that a cryptoeconomic protocol does. Instead, dApps create value by facilitating access to protocols and end users pay transaction fees for this convenience. A reasonable app coin incentive structure might resemble
a digital subscription or membership that is sold to end users in exchange for reduced or zero transaction fees, or more preferably
digital shares of equity that are sold to investors in exchange for a portion of the dApp’s future profits (may be codified into smart contracts or a legally binding agreement).
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