Tokenizing the EconomyProfessor John C. Edmunds on Blockchain Tokens, Finance, Democratic process, and the new Economy http://faculty.babson.edu/edmunds/John-Edmunds.jpeghttps://medium.com/godzillion/tokenizing-the-economy-7a7409aef3ac
Godzillion has surmounted those obstacles. It has low costs, no barriers to entry, and uses the wisdom of the crowd in two stages to screen investment proposals. Participants can sell the tokens from day one onward, so they dont need to wait for a liquidity event. Costs are low because blockchain technology replaces many traditional procedures. The wisdom of the crowd decides which proposals should be allowed to auction an issuance of ERC20 Tokens. And the wisdom of the crowd determines how successful those auctions will be.