Business Quote by William Mougayar
“A token is not a short term carrot, nor a stick for that matter. Just having a token doesn't mean that you have a working business model attached with it.”
About This Quote
Source Book: "The Business Blockchain", 2016
Tokens alone don’t guarantee a viable business; they must be tied to a functional model and value.
In simple terms: Tokens need a working business model.
Key Takeaway
Build real value.
Themes
business
tokens
value creation
Mood
pragmatic
analytical
Type
business
strategic
When to use this quote
- startup planning
- product development
- investment pitches
Key Concepts
economics
strategy
cryptocurrency
Questions to Reflect On
- How does your token add real value?
- What business model supports your token?
A Different Perspective
Tokens can be misused for hype.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)