Cofounder of @fomo, Se Yong explains why they do not plan to launch a token. "If we want to be a financial application that is trusted, revered, and inclusive, we need to do it in the stock market". "We need to be in a place where your average person, who knows nothing about crypto, has the ability to find upside and be a stakeholder". "What a lot of crypto projects do too early is launch a token. That becomes a second product, and eventually becomes your primary product". "If tokens are going down, that means nothing's going right. You want to be in a place where you're not distracted by these things". "In a world where you bring back ICOs, distribute revenues, and engage people on chain maybe we do launch a token". "With the current framework, it's a lot easier to think about how we get into the public market and into as many hands as possible".