The Future of Tokenomics - Ross Bates (PARSIQ) - TOKEN2049 London
Join Ross Bates, of PARSIQ, at TOKEN2049 London as he unpacks "The Future of Tokenomics" and introduces innovative solutions to pressing challenges in the crypto space. As tokenomics models evolve, many struggle to maintain sustainability and value retention. Bates outlines a new paradigm that addresses these issues through a revolutionary subscription-based model and the introduction of the IQ Protocol.
Beginning with a historical overview, Bates reflects on the evolution of tokenomics—from Ethereum's inception in 2014 to the NFT boom of 2021. He highlights the challenges that persist in the sector, such as the misalignment between company success and token value, and the lack of incentives for token holders.
Bates then delves into PARSIQ's solution: a subscription model that's expirable and renewable, leveraging their native tokens, PRQ, as a means to unlock services. The IQ Protocol allows users to rent access to services without exposure to token price volatility, offering a risk-free environment. This system not only incentivizes holders but also creates a stable, scalable demand for the tokens—transforming tokenomics into a thriving, circular economy.
Explore how PARSIQ's visionary approach can redefine landscapes beyond traditional protocols, potentially extending into areas like NFTs and even entertainment services like Netflix. Witness the practical implementation of these concepts and grasp the future potential of tokenized services.
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