Summary
TLDR: When a customer buys a token on Coinbase, they are investing in the token’s digital ecosystem, which is tied to the token’s value. Initial coin offerings are designed for resale value and crypto-asset issuers continue to support the token’s blockchain after the initial offering.
Key Points
1. Customers on Coinbase’s platform are not just purchasing a token, but are buying into the token’s digital ecosystem.
2. The growth of the token’s ecosystem is tied to the value of the token, as evidenced by initial coin offerings and continued support from crypto-asset issuers.
3. Token purchases have resale value in secondary markets, and issuers often announce plans to expand and support the token’s blockchain long after the initial offering.