Why Do Security Tokens Matter? With Alon Goren, Founder of Crypto Invest Summit
What is Crypto w/ Michael Nye - A podcast by Michael Nye: Bitcoin, Ethereum, Litecoin, Blockchain, Cryptocurrency, Crypto Advocate
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Sign up for our newsletter at https://Evolvement.io. Evolvement is a podcast hosted by Nye that revolves around Bitcoin, cryptocurrency, blockchain technology, and how these play a role in the current financial models and economic systems of the world. Welcome to the Security Token Series Hosted by the Evolvement Podcast. In this series, I hope to bring you the best quality guests and information around the newly emerging security token industry. The goal is to educate the audience on why security tokens are important to the ecosystem and how they will play a role within crypto. My first guest is Alon Goren, the Founder of Crypto Invest Summit. In this episode, we discuss the future of security tokens and how they are different from the ICO bubble we saw in late 2017. I asked Alon whether we will see a similar hype phase around STOs like we saw around the ICOs and we also got into the basics about what a security token is, why it matters, and what role they will play to retail investors in the space. You can learn more about Alon and Crypto Invest Summit at https://cis.la/. A BIG thank you to Nexo.io for being the title sponsor of the Security Token Series! Nexo is a blockchain-based overdraft system that allows users to make instant crypto loans. At the moment, there is no other way in which crypto owners can use their assets other than selling and buying them. Nexo comes forth with a very lucrative business model where it lets crypto owners use their holdings as collateral, then withdraw cash. The users maintain a 100% access to their cryptocurrency while they have immediate access to cash. Learn more about Nexo at Nexo.io. Also, thank you to our sponsors, Verasity.io and TokenPay.com for supporting the podcast via sponsorship and allowing me to improve the quality of content I bring to the audience. It is beyond appreciated. Time Stamps: 2:30 - Who are you and what is your background? 8:30 - What do you think about the ICO phase? Are ICOs dead for good? 15:40 - What is a security token and why does it matter? 20:23 - How is this going to play a role in the ecosystem to retail investors? 31:25 - Do you think we are going to have another hype phase around security tokens? 39:20 - What do you think about security token exchanges? How will this work?