Andreas Park PRO
Professor of Finance at UofT
Andreas Park
Do people understand utility tokens?
Exchange
Internalizer
Wholeseller
Darkpool
Investor
Venue
Broker
Settlement
Investor
Venue
Settlement
On chain
August 2016
native to a blockchain for payment
examples: Bitcoin, Bitcoin Cash, Ether, Lumens, Cardano
most tokens stay at exchanges and don't get settled on the blockchain
some usage tokens are "in use"
Source: Interactive Brokers
By Andreas Park