Categories and Functions of Crypto-Tokens
26 Pages Posted: 29 Mar 2021 Last revised: 29 Apr 2021
Date Written: June 29, 2020
Abstract
We discuss emerging research on digital tokens and cryptocurrencies. Specifically, we (i) provide a comprehensive categorization of crypto-tokens as observed or designed in practice, (ii) discuss major issues concerning the economics of using tokens including platform finance, user adoption, stablecoins, crowdsourcing, and agency issues, with legal and regulatory implications, and finally, (iii ) suggest future directions of digital currency applications and tokenomics research.
Keywords: Cryptocurrency; Blockchain; DeFi; ICOs
JEL Classification: E42, G12, L86
Suggested Citation: Suggested Citation
Cong, Lin and Xiao, Yizhou, Categories and Functions of Crypto-Tokens (June 29, 2020). Available at SSRN: https://ssrn.com/abstract=3814499 or http://dx.doi.org/10.2139/ssrn.3814499
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.