Lately I’ve been hearing some news about a singer wanting to deploy their own tokens. I’m not sure how this would benefit him, as it would take a certain amount of fees to maintain the coin.
What will be some of the examples he can use his coin for? Like, if I want to deploy my own tokens what can I use it for in real life?
Good question.
I can think of a couple on top of my head. I’d say his fans can benefit from his coin. They can collect them and get exchange for a ticket, merchandise or a VIP spot during his concert. His coin will act like an unique point that only he owns.
It’d be a great reputation boost if he want to gear towards building a business empire. Cryptocurrency is quiet new, and for a singer to adopt to this new type of technology, I’m sure would be something the press want to capture.
I think maybe I know which singer you’re talking about 
You can read more about projects issuing tokens on TomoChain and see what they do with their tokens as well as what we are doing together HERE