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ARTICLE · 29 NOVEMBER 2021

Roadmapping Your New Token: Key Considerations In Token Development

Miller Thomson
Miller Thomson
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Miller Thomson

Miller Thomson LLP ("Miller Thomson") is a national business law firm with approximately 500...

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Crypto assets have become wildly popular in recent years and they do not give the impression of slowing down.

CanadaCorporate/Commercial Law

This article assumes the reader has some foundational knowledge regarding blockchain technology and digital assets.

Crypto assets have become wildly popular in recent years and they do not give the impression of slowing down. According to a New York Times article, about 100 cryptocurrencies are created every day and token tracking websites, such as coinmarketcap.com, have thousands listed. As cryptocurrencies and "tokenization" take over, you may be asking yourself how a new token could fit into your business or even whether it could be your business.

The first step in reaching any goal is creating a roadmap of how to get there. This article identifies some of the key considerations that will need to be included in your new token roadmap and breaks them down into three areas: business, technical and legal. While each category is discussed separately below, they are all closely intertwined - as business-related issues are considered, proposed solutions will have

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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