"If we stripped down all the technical complexities, the idea of a blockchain for security tokens boils down to a very simple question: can we represent ownership effectively by simply using smart contracts? Mathematically, ownership can be represented as a relationship between an identity(owner) and an asset. Conceptually, ownership has to have some basic properties: it has to be verifiable, transferable and accrue value based on market dynamics."
Links to the best articles, videos and podcasts about Tokens.
"I’ve gotten a lot of interest from my Chinese readers on my post on Security Token Offerings (STOs). Academics and entrepreneurs from China have contacted me on WeChat to discuss it. China might lead the world in the adoption of blockchain. Alibaba patents, Bitmain’s hardware and IPO, and how Singapore projects that are partnering with Chinese businesses are just some major indications of this."
The deep analysis of the token market.
"There’s been a lot of talk about security tokens recently. But what is a security token in the first place? How do they work? And how might they impact your job or business? That is, why should you care about them?"
"There’s a meme that games will drive mass adoption of crypto. Fred Wilson and Chris Dixon have said it."
"We at Harbor believe that the next big wave in capital markets will be the tokenization of private securities. Unlike cryptocurrencies, security tokens are ownership in real-world assets, such as commercial real estate, private companies, investment funds, debt, fine art, etc."
"A futility token is an already-existing token that has no chance at accruing future value due to its poor design. The users are still delusional, the company may or may not be aware of the token’s problems, and general ecosystem participants are becoming aware of the flaws in the design of payment tokens. There is no future for these types of tokens, other than a dramatic change in the direction of its own ecosystem and functionality — or an outright conversion to a security. During the last few months, this has been the case for a few projects."
"The Numeraire token is about to become the cryptocurrency of the entire hedge fund industry. Today, Numerai is announcing a new unstoppable data marketplace called Erasure."
"The Ethereum blockchain, launched in 2014, is widely known for its smart contracts, contracts that are self-executing according to defined parameters. In order to make these smart contracts work as well as possible and to allow them to communicate with each other, the developers have decided to set up standards, the latter are called ERC – Ethereum Request for Comment."
"We all know what app coins/tokens are. These are the coins that fire up various applications and they have existed before the blockchain. An excellent example of this is in-house currencies in online multi-player games."
"This article explores the practical use of token bonding curves and curation markets to fund, curate and distribute ownership of intellectual property. In short, Token Curated Intellectual Property."
"So it was great to see Augur go live a few weeks ago and I took the opportunity to play around with the product. Here are a few of my observations"
The analysis of non-fungible tokens.
"This article is a first stake in the ground towards a practice of token engineering: the theory, practice and tools to analyze, design, and verify tokenized ecosystems."
Several ways of token distribution explained.
“There are a lot of claims going around in the crypto community that tokenized securities are about to revolutionize traditional finance. In light of such optimistic sentiment, it is worth drilling into exactly what the hoopla is all about.”
Vitalik Buterin's analysis of Token Sale Models. He dissects current models and proposes some solutions.