Thoughts on Tokens

medium.com

If you don't know what tokens are and why it's important, I urge you to read this. And you might want to check out Cryptoeconomics 101 too.

In 2014, we wrote that “Bitcoin is more than money, and more than a protocol. It’s a model and platform for true crowdfunding — open, distributed, and liquid all the way.” 
That new model is here, and it’s based on the idea of an appcoin or token: a scarce digital asset based on underlying technology inspired by Bitcoin. While indisputably frothy, as of this writing the token sector sits at a combined market cap in the tens of billions.

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