Tokens Are Not the Product—And That’s Why We’re Taking Our Time

Mar 5, 2025

If you ask most crypto founders what their primary product is, the honest answer often isn’t their protocol, app, or service—it’s their token. Market cap, price action, staking mechanics, and token velocity dominate the conversation. While this approach has fueled many successful projects, it also leads to an ecosystem where speculation often outweighs real utility.

At Persona, we see things differently.

We want to build the most valuable token in the industry—but only as a byproduct of building the best product first. That means we’re focused on solving real user problems today, not launching a secondary economy before our core product is fully realized.

Why Product Comes First

You wouldn’t launch a company and immediately lock yourself into a business model before understanding your users. The best businesses—inside and outside of crypto—evolve, adapting to what delivers maximum value to their customers. The same principle applies to tokens: they should be earned by a product’s success, not assumed as a default step in the roadmap.

Persona is tackling crypto’s biggest pain points: fragmented chains, complex transactions, and infrastructure that forces users to think like developers. Our energy is going into making self-custody effortless, powerful, and truly user-first. If we do that right, the right token model will emerge naturally—not as a distraction, but as an extension of a product people already love.

Tokens Should Have Purpose—Here’s How We Think About Ours

If you’ve been in crypto for a while, you know the cycle: project launches, token drops, speculation surges, and then… what? Too often, tokens exist just to exist—detached from the actual product, serving only as a trading vehicle.

That’s not how we think about tokens at Persona. We’re not launching a token because we can. We’re only building one if we believe it should be a critical part of every interaction within our ecosystem. If it’s swaps and transactions, our token should enhance that experience. If it’s staking, yield, or advanced execution strategies, the token should be a key to unlocking those benefits. It should offer real utility, real incentives, and real alignment between the product, the community, and the long-term success of the ecosystem.

Utility First. Speculation Last.

If we do introduce a token, it won’t just be a governance tool—it will be an engine for value creation. Token holders should have access to premium features, outsized rewards, and exclusive benefits that make using Persona better. The token should be something people actually want to use, not just hold and hope.

But here’s the most important part: we want our users to know this up front. We’re not interested in vague promises or ambiguous roadmaps. The activities happening today—users interacting with our platform, providing feedback, executing transactions, and helping us refine what’s most valuable—are the foundation for how we’ll structure our token.

Rewarding the Right People

If the time comes, we’re going to airdrop our token to the right people: early adopters, active users, and believers who helped us get from zero to one. The people who traded, bridged assets, ran queries, and gave us the feedback that shaped the best version of this product. We want our most engaged users to have a real stake in the future of Persona—because they built it with us.

Timing Matters: The Right Token Model at the Right Moment

One of the biggest mistakes projects make is launching a token before achieving product-market fit. The result? Misaligned incentives, constant sell pressure, and unsustainable tokenomics.

Persona is different. We will introduce a token only if and when it makes sense—when the product has real traction, when inflows are meaningful, and when we can ensure that holders benefit from the underlying success of the business. By waiting, we give ourselves the flexibility to craft a token model that truly serves our users, not just early speculators.

Conclusion: A Token That Earns Its Place

Crypto is filled with projects that launch tokens first and figure out the product later. That’s not Persona’s approach. We are productizing before tokenizing—ensuring that when our token arrives, it is an indispensable part of an ecosystem that people already love using.

For now, our focus remains clear: making self-custody seamless and intuitive. If we introduce a token, it will be a natural extension of that mission—not a distraction from it.

Because tokens should serve the product, not the other way around.

Copyright Persona. All rights reserved.

Copyright Persona. All rights reserved.

Copyright Persona. All rights reserved.