Concrete example for Building Fiat-to-Utility Token Onramps

Problem Scenario: New User Arrives at Loci.io and Wants to Sign up, but has no Crypto. No LOCIcoin, no Ether, not even a wallet.

Solution: Custodial Tokens & Pleasant User Experience

The value of a Utility Token is derived from the Utility you can gain by using the token on the platform it is associated with. Unfortunately it is still true that cryptocurrency, tokens, coin exchanges and gas fees are still a very difficult thing to understand for many people. We’re introducing a Custodial option for purchasing, securing and using LOCIcoin through a Fiat Processor & Smart Contract integration. This will effectively eliminate the friction that is experienced by new customers that wish to sign up right here, right now, and might not have the ability or desire to jump through hoops just to start using the LOCIcoin Utility Token in the platform.

In a nutshell, buying a Utility Token like LOCIcoin will be as easy as…

Now of course that image hides a lot of complexity, and that’s the point.

Read more: https://medium.com/@dan.ryan.emmons/building-fiat-to-utilitytoken-onramps-8a5a712a3926