Token-Bound Assets feel like a lock to be a big deal eventually. What's I find interesting though is that the market is discounting $QUEST actually utility.
We already know that $QUEST is the in-game utility token of @crittersquest. But what if that's not its only property? What if it plays a far larger roll outside of the game?
Most of what is to follow is speculation; however I believe it's informed speculation. For those paying super close attention you might have noticed @enparadice and @beaniemaxi drop some hints about the future of token-bound assets. A few things have been said:
1) TBA is a proprietary technology.
2) The CQ team will eventually be launching an SaaS platform with said technology at its center.
3) $QUEST may or may not play a role in the SaaS platform.
What if $QUEST is the governance token of the upcoming SaaS platform? That seems a logical theory based on the info made available. Were this the case, you suddenly have a token that not only has in-game utility but also real utility attached to a tech platform.
Why does this excite me? As I said in the beginning I believe TBA's are inevitable and will be a big deal. Why? Everyone in the space is attempting to figure out how to launch a token that is not down-only. I not only see this on the TL but have seen some of these actual conversations. So far no team has succeeded this cycle. IMO TBA's change this paradigm in a giant manner:
The supply is released and is liquid for some purposes....but can't be market sold immediately. Nor will it be released in a steady drip that just adds infinite sell pressure. But rather you'll have to take some risks with your tokens to unbind them from your assets. This makes the perceived value of the tokens infinitely higher as accessing them comes with a potential real risk.
So yea, If you're bullish on TBAs (I am) and you have the potential to get in VERY early on a potential governance token of the SaaS company that has the rights to TBA tech....how are you not bullish on @crittersquest ?
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