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Ownership coins theory

  • Writer: ICM Cabal
    ICM Cabal
  • 2 days ago
  • 3 min read

Tokenization is not the achievement. Real ownership is.


Most tokens only provide exposure to price movement. They rise and fall with sentiment, cycles and speculation. They rarely give holders authority over decisions or a connection to the actual work that creates value. Ownership coins change this structure by tying control and outcomes directly to the people who hold the coin.


Recognizing the Ownership Gap


Many projects place control in the hands of creators while holders carry the financial risk. This separation leads to unstable incentives. Ownership coins correct this by giving holders authority over governance, spending and long term planning.


Once holders control the important decisions, the project no longer depends on market hype or temporary excitement. Direction comes from participants whose capital is involved in every outcome.


The Two Practical Sources of Value Creation


An ownership coin needs more than speculation if it is to hold long term value. It usually creates value in two ways.


  1. Committed Holders and Stable Capital

    People stay engaged because their decisions matter. Their capital is tied directly to the future behavior of the project. This creates steadier expectations and a clearer sense of responsibility.

  2. Control of Treasury Use and Its Results

    Ownership coins give holders power over how the treasury is used. If the project earns revenue or builds reserves, holders can choose how that value is handled. A coin becomes useful because it controls real financial activity rather than only market price swings.


Both paths depend on one condition. Ownership must include control and responsibility at the same time.


Why Holders Are Betting on Founders


Holders are not betting on cycles, marketing or abstract utility. The real bet is placed on the founder’s ability to perform. The founder is the one who produces revenue for the treasury. As long as the founder continues to execute and grow the treasury, holders benefit, even in periods when the token price falls.


The coin becomes a claim on the future productivity of the founder. Continued execution grows the treasury, and a growing treasury gives holders options to approve reward mechanisms that reflect this growth.


Why Founders Face Constant Pressure to Deliver


Founders typically start with no tokens and no direct ownership stake. They cannot exit through early token sales. Their reward depends on their performance. Any compensation request must be justified to the holders who govern the treasury.


This creates a clear structure. Every milestone requires proof of progress. Founders must show results to earn future bonuses. Without results there is no reward. With results they gain the trust required to access compensation.


How Holders Benefit Even During Market Decline


Ownership coins allow holders to benefit from treasury activity. Revenue generation can support distributions or other methods that reflect the growth of the treasury. These benefits remain possible even when the market price is under pressure. The important variable is not market sentiment. It is the productivity of the treasury.


This shifts value analysis from speculation to measurable performance.


Implications for Holders


Evaluation shifts from price to execution. Holders pay attention to the founder, the treasury and the decision structure. The real value comes from the founder’s performance, the flow of revenue and the ability of holders to direct how that revenue is used.


Ownership coins offer something uncommon. Control, responsibility and a direct connection to the person who is building the value become part of the holder’s position.

 
 
 

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