Token Operation Procedure |
“Seven Steps” in Token Design |
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Website Construction and Operation |
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Community Building and Operation |
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Exchanges List Application |
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Pathway to Ecological Evolution |
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Combing of Participant Roles |
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Defining Collaboration Rules |
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Setting Contribution Levels |
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Multi-level Incentive Mechanism |
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Payment Incentive Method |
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Functions of the Token |
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Negotiable |
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Convertible |
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Exchangeable |
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Identifiable and Tamper-proof |
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Technical consensus |
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Value Carrier |
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Social Consensus |
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“Witness” Blockchain Asset Assessment Model
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Potential:5 Types and 37 Varibles
●Target Market Size
●Customer Size
●Asset Expansibility
●Token Distribution Plan
●Project Implementation
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●Information Disclouse
●Transaction Activity Level
●Transaction Potential |
●Project Team
●Advisor
●Investment Agency
●Technology Heat
●Technology Features |
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Risk:5 Types and 14 Variables
●Target Market Penetration
●Compliance Risk
●R&D Schedule
●Authenticity of Information
●Token Concentration Ratio
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●Price Fluctuation
●Token Valuation Risk
●Team Stability |
●Team Credibility
●Advisor Credibility
●Security Risk Accident
●Technical Trend Risk |
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The Classification of Token Assets
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According to the different properties of blockchain assets, we can divide the digital assets into four categories: "token", "platform", "application" and "tokenized physical assets".
Token: refers to a type of asset which is developed and based on the blockchain technology. It does not correspond to a specific usage scenario and only serves as a transaction medium. Its asset value is reflected by liquidity.
Platform: refers to a class of assets supported by the development of the underlying blockchain technology and the right to use or participate on such platform.
Application: refers to a class of assets which are related to a particular application scenario and are supported by a certain right of use or participation, or right to claim dividend.
Tokenized physical assets: refers to a class of assets supported personal assets, such as gold, dollar, etc.
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Capacity: over 1000 varieties
Function: one of alternative investment varieties, "medium of exchange" in blockchain asset domain
Market: The most valuable one is bitcoin at present.
Typical products: BTC, LTC
Main indicators: number of participation nodes and liquidity
Capacity: about 20 varieties
Function: establish a technical platform to provide basic technical support for various application developments
Market: Most platforms are in development and institutional investment has a certain share in it.
Typical products: ETH, Fabric, NEO.
Main indicators: technical indicators, development progress.
Capacity: about 300 varieties
Functions: covering finance, supply chain management, socializing, energy, property protection and other fields.
Market: the fastest growing category of blockchain assets.
Typical products: OMG
Main indicators: development progress and number of participation nodes.
Capacity: not more than 10 varieties.
Function: linked to gold, dollar and other assets; a mirror of physical assets in blockchain.
Market: The market capacity is small due to the lack of regulations and laws concerned in some countries. But when combined with asset securitization, the development potential is large.
Typical products: DigixDAO
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| The Pass-through Model |
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| A token may have one or more value attributes. |
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| Several properties may be related. LIke：Earning and price |
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| The pass-through model for different attributes may be uncertain, or change with the conditions and cannot form the exchange relationship. |
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| Multidimensional value scale is actually a kind of expression and dissemination of the issuing party, rather than purely economic activity. |
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| Type of Token |
| As a carrier of value, direct corresponding value, such as stored value card, exchange certificate, etc. |
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Valuable |
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Profitable |
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| The holder obtains rights in the application scenario, such as preferential card, VIP card, etc. |
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| Having the right to gain, such as bonds, stocks, etc. |
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Rightness |
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Identification |
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| It is not the specific value characteristic, but some kind of negotiable securities or the objective fact of the identification, such as the house property certificate, the old age certificate. |
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Three elements of the design of the economic system
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Value of circulation |
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●Whether circulation creates new value, such as bad assets.
●The source of value in circulation: demand discovery or cost reduction. |
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Create value for who |
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●The interests of the issuer
●Consumer interest
●Intermediary interest |
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Boundary of circulation |
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●The difference between the flow within the boundary and the cross boundary circulation.
●The difference between cross boundary circulation and boundary extension.
●The relationship between cross boundary circulation and current property right system. |
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The value network
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| Generate |
A token may have one or more value attributes. |
| Hold |
Several properties may be related. LIke：Earning and price. |
Transfer |
The pass-through model for different attributes may be uncertain, or change with the conditions and cannot form the exchange relationship. |
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Token Advantages
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Super Trust |
Low Issue Threshold |
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Superfluidity |
Non-Standard Commodity Pricing |
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Low Transaction Cost |
Complex Value Transparent Expression |
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Programmable, Automated Trading |
Privacy Information Protection |
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Economic System Design "Attack and Defend" Step
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The situation of the development of cryptocurrency industry
The cryptocurrency industry can be divided into three phases, the first stage is a delegate with the BTC named block chain 1.0 stage, mainly to solve the characteristic of the BTC, such as anonymity, privacy, speed, etc.; The second stage is the block chain 2.0, which is represented by ETH. There are numerous solutions for solving smart contract, calculation, storage and asset trading. The third stage is the application of various industries based on blockchain and Token. |
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The first stage involves bitcoin and other competitive coin.
The typical applications for this privacy and anonymous problem solution are: ZEC, DASH, ZEN, AION, XMR, XZC, XWC, AEON, KMD, BCN.
Typical applications for speed and scalability solution are: LTC, BCH, EMC, NAV, PIVX, XVG, BURST. |
The second phase is mainly through the base platform & technical solutions to solve the defects of ETH, such as smart contracts, storing, calculation, data, scalability, specific solutions include:
1) Side Chains; such as RSK, RDN, LOOM, ZRX, XAS, etc.
2) DAG; such as IOTA, GBYTE, ITC and NANO;
3) Cross Chains; such as HSR, WAN, AION, ELF, XTZ, etc.
4) Shards; such as ZIL, ELF, etc.
5) Asset Trading Agreements; such as 0x, KNC, LRC, AST and other typical applications;
6) Distributed Storage; include IPFS, SC and Storj;
7) Data Services; such as GNX, gongxinbao, DTA, BLZ, ENG and other applications.
8) Distributed Computing; such as GNT and ENG;
9) Digital Identity; such as ONT, CVC, ETP and other typical applications;
10) Vertical Public Chain; include TRX, Ulord, BTM, YOYOW, VIA, etc. |
The third stage is the combination of blockchain and various industries, which is mainly the application of specific industries. The industry is dominated by the pan-financial and entertainment industries, which are both digital and internet-savvy. The pan-financial industry has the following directions:
1)Bank Liquidation; include XRP, XLM, Swift and ZIP;
2)Payment Settle; include: Qash, OMG, tenX, Metal, PAY, Cash and CPY;
3) Asset Trading Agreements; include: 0x, KNC, LRC, AST;
4)Loan Financing and Asset Management; include: SALT, Libra, FSN, ethlend, RCN, Iconomi, Populous and Monaco;
5)Insurance Technology; inciude: MDS, CIC, RISK; |
Token economy system design mode
POW mode
Draw mode
Voting patterns
Airdrop model
Commission mode
Trading pattern
Financing model
Center model
Reward model
Incentive mode
The buyback model
Hong Kong dollars model
Exceptional patterns
Present model
Interest mode
Community mode
Bitcoin model
Stable currency model
Etheric mode
The double-decker model
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Singapore 
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