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1confirmation Founder: The Treasury Company Model Only Works When the Token Has Long-Term Store of Value Properties
BlockBeats News, August 12th, Nick Tomaino, founder of the crypto venture capital firm 1confirmation, wrote that "Today, every holder is looking for a custodial company to save their assets. However, the custodial model only works when the market broadly believes that the cryptocurrency has a store of value function. No one is willing to let a group of fraudulent insiders profit. This is where the most significant difference lies between tokens that can act as a store of value in a trustworthy and neutral manner and so-called 'company coins'."
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