Receive all Cointelegraph news immediately in Telegram. JOIN × News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Events BlockShow 2017 Helsinki 2016 Events Events News Explained ICO Calendar Press Releases Submit a post Submit press release Events About Us Catalog Advertise Franchise Join Us The Cointelegraphfuture of money Toggle navigation Submit a post Submit press release News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Press Releases Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Press Releases Events BlockShow 2017 Helsinki 2016 Events Events News Press Releases Explained ICO Calendar Advertise 21 HOURS AGO By William Suberg Tokens Are ‘Eating The World’, Become “Another Killer App”: Vinny Lingham Entrepreneur Vinny Lingham has said tokens are a “killer app” which is “eating the world.” 6132 Total views 130 Total shares ICO watch Civic CEO Vinny Lingham has stated tokens are “eating the world” as his startup’s token becomes exchangeable. In a Medium post Monday, Lingham said that tokens released by companies as value assets are becoming “yet another killer app.” “We are now entering a realm where its (sic) possible for applications to be built on top of Blockchain technology, and this is enabling new use cases and, more importantly, the ability to create ‘private economies,” he surmised. Lingham received praise for the distribution methods of Civic’s CVC token last month as other ICOs, and token sales gained criticism for their perceived lack of technical robustness and impact on the Ethereum network. Currently trading on Bittrex, EtherDelta and COSS as well as ShapeShift, the average cost of CVC is now just over 20 cents – already double that of the token sale price. “When we look at Civic, we don’t see how the value of Civic tokens is correlated to the cryptocurrency ecosystem, except that there is demand from crypto buyers/traders,” he continued. “We aren’t dependent on the price of Bitcoin, Ethereum or any other crypto.” The post serves as a vote of confidence in CVC’s future as much as in tokens in general. Lingham also highlights the benefits of having a token not dependent in any way on fiat currency by default. Gift cards, which Lingham dealt with daily for his previous business Gyft, are vulnerable to inflation as they are controlled by the health of the fiat currency they represent, he notes as an example. The entrepreneur has often called for restraint in the Bitcoin ecosystem. Meanwhile, arguing too rapid a price rise would lead to instability and a detrimental effect on the cryptocurrency’s long-term image. Altcoin News Tokens Vinny Lingham ICO Gyft Comments (1) Hide Comments Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. Cointelegraph News Top News Recent Editor Recommends Buckle Up: Bitcoin Price Heads For Below $2,000 As August 1 Nears 48042 | 36 Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off 44357 | 11 Ari Paul, Tuur Demeester ‘Look Forward’ To Up To $1k Bitcoin Fees 42125 | 15 The Brief History of Bubbles 29555 | 15 Price Analysis: BTC, LTC, ETH 30994 | 6 Ethereum Price Analysis: July 11 – July 18 8945 | 2 Last 2 Days To Grab Winbot Anticipatory Crypto-fiat Trading Bot Tokens At a Jaw Dropping 50% Discount 338 Anonymous Deliveries: Canada Introduces Blockchain, Tor-Based Delivery System 6130 ICOs Will Go on Despite Ethereum Price Fall and Uncertainty 8086 | 1 Exchange Union Coin To Bridge Digital Currency Exchanges For Enhanced Trading 336 How Bots And Black Marketers Are Influencing Bitcoin Price, Altcoins Value 20767 | 7 Startup Darling EOS Cashes In Millions Of ETH As ICO Scorn Continues 22678 | 14 Investors are Comfortable With Bitcoin, Ethereum: Hong Kong Experts 10362 | 2 Stop Trying To Kill My ICO: Nick Ayton 12748 | 4 Five Big Businesses Leading Bitcoin Charge 19586 Hottest Bitcoin News Daily ×Close Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. ×Close Registration Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully. Confirmation email sent to email address provided. Sign up Already have an account? Log in here ×Close Login Email * Password * Twitter Facebook Log in with Facebook! I forgot my password Login Don’t have an account yet? Sign up About us The Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. Site map Catalog Advertise Franchise About us Projects Join Us Events International Sites Bitcoin USA Bitcoin Brasil Bitcoin Slovenia Bitcoin Spain Bitcoin Serbia Bitcoin Japan Franchise Information Terms of services and Privacy policy © Cointelegraph 2013-2017
Tokens Are ‘Eating The World’, Become “Another Killer App”: Vinny Lingham
