Tokyo AU

Tokyo AU has the feel of a token that is trying to borrow the shine of a place name, and by our assessment that leaves the real question unanswered: what is it for. As a cryptocurrency, it belongs with speculative assets that people hold or trade because they are token-shaped, not because they solve a daily problem. The strong side is the familiar one in that corner of the market: simple market attention and easy symbol recognition. The weak side is that there is no obvious everyday use, so the thing lives or dies by trading interest. In practice Tokyo AU is likely to mean wallets, charts, and waiting, not payments at the till. It sits below the better-known coins with clearer functions, and its public identity is much thinner than its name suggests.