"Token Function" TAG

Assessing cooperative structures’ suitability for cryptonetworks
  • research
In a recent article, Jesse Walden, founder of Variant Fund, and Connor Spelliscy, Co-Founder of the Blockchain Association, argue that cryptonetworks and projects, with executive teams domiciled in the US, could circumvent the legal issues with their networks’ cryptoassets being classified as securities by structuring their projects and token economies along the lines of traditional...
Token Functions Overview: Vital Considerations in Cryptoeconomic Design
  • research
Like coupons, loyalty programs, or ‘gamification’, tokens and their economies may further prove a powerful tool for influencing and organizing contributor behavior, albeit through an incentive system with its own distinct set of constraints. Indeed, the large-scale economic activity prompted by the Bitcoin protocol emerged in response to a set of incentives that no one...
Issues of Fairness in Token Distribution
  • research
Token Distribution: It is About More than Just Tokens To properly appreciate debates on the merits of particular token distribution mechanisms, one must come to appreciate how the goods and benefits distributed in an initial token distribution event extends beyond tokens. Access to the initial distribution event is conceivably an opportunity distributed through a project’s...
Security Token Design
  • research
Given the inability for token holders to make their voices heard, whether to impact corporate policies or weigh on dividend policies and distributions that might impact their investment positions, it seems difficult to form a complete investment thesis that TZROP holders have a defensible and enforceable claim on the value tZERO can generate in the...