Digipulse, a Latvian startup offering “crypto-inheritance” services, has decided to completely detokenize its business. Only two of its clients signed up on the platform using its native tokens. The team also says it doesn’t like to rely on price speculation but wants to create value with its service.
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Creating Value Rather Than Speculating
The young Latvian company that news.Bitcoin.com reported on recently, Digipulse, has announced a decision that’s not very typical for ambitious startups in the crypto space but on the other hand, it makes perfect sense, given the circumstances. Company CEO Normund Kvilis has just explained in a blog post why the team wants to completely detokenize its business model.
In order for Digipulse to become synonymous with digital asset inheritance, it needs to create value with its service, rather than token price speculation, Kvilis notes. He also points out that despite all advantages, the Digipulse token value fluctuates based solely on speculation – a process that doesn’t support a sustainable business development. The chief executive of the project goes on to say:
Therefore, in what appears to be a rare case in crypto, we’ll be offering our investors several token exchange options before delisting the Digipulse token from exchanges on December 15th, 2018.
Mr. Kvilis admits it wasn’t an easy decision but adds that the data collected by Digipulse shows the token isn’t fulfilling its main objective. “Out of the 320 service sign-ups we’ve had until July 25th, only two people have actually allocated tokens to the service, meaning that only two people have actually used the DGPT token for its main purpose,” he says in the post. Over 20
