Token Exchange Lifecycle
Tokens change their status in the course of a career. If a star or an institution is successful, the attention of the fans – and probably also the desirability of the Tokens – will increase. If he or she fails, this has negative consequences for the Tokens. There are also extraordinary events that occur in the course of a career that have different consequences:
- Star passes away, band or club is disbanded: The services of the utilities related to the star’s activity are forfeited, forfeited because they can no longer be provided. It is conceivable that the executors of the estates will deposit and continue to maintain the tokens with new utilities; the tradeability is thus not fundamentally questioned; it is conceivable that tokens of superstars will continue to increase in value after their death – just as their works continue to be valued – just imagine there is a Muhammad Ali token, a Beatles token or an Andy Warhol token: even years after the death of their publishers, these tokens are likely to be coveted and tradable among their fans and possibly increase in value. Other tokens will lose relevance and become worthless after the death of the publisher.
- Star falls ill, terminates his career, or can no longer provide the services deposited as utilities for other reasons, as these are directly linked to the status (e.g. Meet & Greet) or activity (discounted concert tickets). The following are analogous a) Token is expected to lose value. Follows analogous to the first bullet.
- Star/Institution changes its name or appears in a new formation: it can issue a new token with a new name; optionally it can assign it free of charge to the owners of the old tokens. The old token loses its relevance, at best it continues to exist analogous to the first bullet.