Post
Topic
Board Marketplace (Altcoins)
Re: IOTA Crowdsale
by
delulo
on 29/11/2015, 12:24:34 UTC
What is the UTILITY of the IOTA token? I.e. what drives it's demand?

The ability to send true micro-transactions, securely in real time on extremely lighthardware. There are 'regular usecases' such as paying in real time for streaming or micro-services that this allows, but to see the true potential you have to contemplate what the Internet of Things truly is. in 5 years there'll be 50 + billion connected devices that communicate and cooperate, given the scarcity of resources this ecosystem will need its own economy, up until now no technology solved this problem, but IOTA does.
In other words the tx fees are paid in iota tokens? If not what SPECIFIC action individuals do is driving demand for IOTA tokens?