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❶ What does the TG token economy do

The token economy is an extension of blockchain technology, a rising third economic system, and an Internet A parallel, new form of digital economic system.
TG is a blockchain technology developed by Cayman Technology in the UK. The TG token economy is an ecological economy based on the underlying technology of TG and formed through the blockchain reform of enterprises or products. Blockchain reform is divided into technology chain reform, economics chain reform, and business thinking chain reform.
"Pass" can be a digital right similar to equity, it can be a "consumption coupon", or it can be a "delivery voucher". And with the decentralization of blockchain, data cannot be tampered with, distributed accounting and other characteristics, the business operation and product circulation process are more open and transparent, and the trust relationship between products and consumers is closer. In the future, blockchain technology will make human life more convenient.

❷ What does token economy mean?

"Token Economy" is a new concept proposed by the blockchain industry and is the core strength of the blockchain. In a nutshell, the token economy means that companies issue tokens that represent the value of their products and services, so that customers can conveniently use the tokens to consume the company's products and services. As a means of storing value, this token can be transferred and circulated, and its value comes from the use value of the company's products and services.
The essence of the token economy is the transformation of production relations. The token economy enhances the enthusiasm of every member in the ecosystem through token incentives. Every member is equal in the ecosystem, and the relationship between people is no longer so angular, achieving large-scale collaboration between people. "Certificate", as a guarantee of trust, is an effective way to achieve the transformation of this relationship. Blockchain solves the trust problem of strangers, and the token economy promotes the prosperity of blockchain applications.
Extended information
1. How to realize the value of the pass
The value of the pass depends on the ecological value of the blockchain project. Token is an economic model that serves as a medium for the token economy, decentralizing capital investment and allowing more people to participate in the construction of the blockchain ecosystem. If you want more people to join, you need to use attractive reward mechanisms to attract people to join. Different projects have different reward mechanisms, and what kind of rewards are used? In many cases, this kind of token (passport) is used to award rewards, which you "earn" through your contribution to the project. Tokens are rewards to builders or participants who have made some contribution to its blockchain ecosystem.
In the ecosystem of blockchain projects, there will be certain business models. For example, this is a taxi-hailing blockchain project. The tokens you obtain in this project can be used to pay for taxis at the beginning. When the business scale becomes larger and larger, you can use this token to pay for express trains, private cars, etc., your rights and interests will become larger and larger, and the commercial value of the project will also become larger and larger.
2. Different uses of digital currencies
Among the many digital currenciesThere is a category represented by USDT, which is called "stable currency". Their exchange prices with fiat currencies are stable with little fluctuation, and in most cases it is used as a transaction intermediary for various digital currencies. This type of digital currency is very similar to legal currency in real life and plays the role of a general equivalent in digital currency transactions. For this type of digital currency, using “tokens” to refer to them is very intuitive and appropriate. There is also a type of digital currency such as ETH, whose exchange price with legal currency fluctuates greatly, and is usually used in two scenarios: one is used for speculation in various transactions, and the price difference is made profit through huge price fluctuations; the other It is used to pay gas fees (GAS) when various decentralized applications (DAPP) are deployed and run on Ethereum.
The word "pass" contains three meanings: first, its free circulation within a certain range; second, it embodies a certain consensus and has credibility; third, it has certain rights or usage attributes. , has value. The word "token" can almost cover and explain all types of digital currencies based on blockchain today without any obstacles and in a relatively comprehensive manner. As a result, the word token began to spread quickly and widely and become popular. Because the token has value and has the characteristics of free circulation, the transfer and flow of value must be accompanied by the transfer and flow of value within the system in which the token circulates. This forms a local economy, and the concept of "token economy" was born. Law. If we look at the token economy in a narrow sense, the transactions involved in the circulation scenarios and paths of each blockchain-based digital currency, when combined, form the token economy of that digital currency. Therefore, we can say that each of these digital currencies such as Bitcoin, Ethereum, and Litecoin is a small token economy.

❸ Blockchain and Token Economy

Tokens do not necessarily have to run on the blockchain system, and the blockchain system does not necessarily have to have a pass. proof, but the combination of the two can provide us with a very powerful tool. Using blockchain as infrastructure to support the entire token economy can change our production relations, including the organizational model of our economy and society, and create new business models.

Blockchain and Token Economy

We can see several characteristics of the entire token economy, including its ability to quickly transfer value based on smart contracts. At the same time, a good token economic model can realize a closed loop of the entire economy, while providing an automatic and timely incentive mechanism and a complete game system. For different blockchain systems, the models and rules of token design are still different.

Tokens can be divided into four categories, including consensus-based consensus platform basic tokens, application ecological tokens, value-anchored tokens and equity financial tokens. However, the core of these types of tokens still lies in how to comply with laws and regulations, including how to achieve anti-money laundering and KYC.

Blockchain and Token Economy

BaseThe basic token design of the consensus platform will be relatively simple. It is also easy to form a value closed loop. The main thing is that the pass is used as a consensus reward to reward the consensus nodes, and then the user uses the pass as a handling fee for the blockchain system.

The design of similar tokens including supporting infrastructure is also very simple. It is to provide resources to obtain tokens, and to use resources you must pay for tokens. The biggest feature here is that all payments, transfers, Incentives are completed automatically and comply with the rules defined by the entire system.

Blockchain and Token Economy

Value-anchored tokens are relatively simple. The core feature is that they require a strong credit institution to endorse the value anchor. , our most common one is USDT. It is Tether that ensures the value anchoring of the US dollar and USDT in the entire system. That is to say, when he receives a US dollar, he will generate a USDT token. If someone withdraws a US dollar from his account, there will be a corresponding token. USDT is destroyed. Others include a gold-anchored project I saw before, which also requires the amount of gold in an exchange seat to ensure the anchoring of the entire value.

The value conflicts of some systems based on asset digitization, including real estate and other transaction systems, also require housing mortgage institutions, including housing management bureaus and other institutions to freeze and hand over the above-listed assets to ensure Achieve anchoring relationships. This inspiration for us is that many blockchain application systems need to adapt to the economic system and organizational form in the real world, so the combination of centralization and decentralization may be a feasible way to implement blockchain applications. A solution.

The application-type token economic model is relatively complex. It may be a complete system that combines consensus basic tokens, value-anchored tokens, and application own tokens. We can often see that many applications are designed with this two-layer token system.

Blockchain and Token Economy

Blockchain and Token Economy

The picture shows two different two-layer token systems : The first is a dual-layer token system based on a combination of equity tokens and circulation tokens. The first dual control model should be proposed by BitShares, which was called bone wall separation at the time. The lower layer is a token based on an equity of the platform.

Because BitShares is a decentralized exchange system, the above defines the anchor tokens corresponding to transactions in various decentralized exchanges. Another such dual-layer token model design is the application project based on gold anchoring just mentioned. Its underlying equity token is also an equity token for the income of the entire platform, while the upper layer is anchored with gold. Such a circulation certificate.

The gold-anchored tokens circulating in the upper level can be used in underdeveloped countries in Africa or some countries with high inflation for value payment and circulation. The underlying equity tokens are the income of the entire platform, which are some handling fees obtained from transaction circulation, including some long-term dividend tokens. The second two-layer pass model is a platform and local relationship. The underlying application platform token represents the entire value income and rights of the platform. The upper-level tokens are individual and partial tokens, which can be issued by participants or some groups. The issuance method is relatively flexible and reflects the individual and local value. Generally speaking, slightly complex systems will be designed into a two-layer token model.

In fact, strictly speaking, if we want to consider the consensus incentives of the underlying consensus nodes, it should be a three-layer token economic model. Teacher Meng Yan has proposed a set of overall methodologies and tool models for the design and analysis of complex economic systems.

Blockchain and Token Economy

Blockchain and Token Economy

Among the seven principles of revitalizing economic design, we Personally, I think the value origin principle and value loop principle are very important. The value origin principle is easy to understand. When the entire system is minimized, it has basic practical value. Just like Bitcoin and Ethereum both provide minimum value, that is, the entire network can obtain rewards through consensus, that is to say , when users running mining rewards want to use the system, they have to pay handling fees and Ethereum is equivalent to the fuel cost of running smart contracts.

In terms of the value loop principle, every role in the entire token economic system is required to be on the value loop. To form a closed loop, there cannot be a base point, and there cannot be some roles that all tokens enter. , there is no output, and some nodes only have exits but no entrances.

Blockchain and Token Economy

Blockchain and Token Economy

Eight things to know about multiple distribution and token design Traps, these contents are all designed in the system of Teacher Meng Yan. I would like to share with you some methodologies about the design of token economy, because Teacher Meng Yan has some very detailed discussions. You can check the teacher’s online Something to share.

However, the core idea of ​​the token economy is to create new business models. It may not be to solve some pain points, but to completely change the way the original business model operates. Since the blockchain ensures the operation and trustworthiness of all systems, reasonable incentive mechanisms will be recognized by everyone. At the same time, these principles and incentive mechanisms are transparent.

To give an interesting example of the token economic model, the recently popular T3D and Former 3D token economic modelseconomic system. Although it is a gambling game, the rules are even designed directly into the model of a Ponzi scheme. In fact, the design of P3D is not in line with the token model design shared by Teacher Meng Yan above. It violates the principles of value origin and value loop. But one of its innovations is that it uses Ethereum's smart contracts to formulate rules. The rules are transparent, thus avoiding problems such as cheating and banker running away.

At the same time, it proposes that Fomer 3D returns the benefits to T3D participants, thus realizing a closed loop of value loop. This example may not be very appropriate, but we can also see that the token economy still needs some innovative and scalable thinking. Therefore, the combination of the real economy and the blockchain economic system requires some innovative thinking on our part, and its core lies in motivating all parties involved.

Reasonable and timely incentives are one of the key points of the token economy. Changing the operation of the real economy based on incentive mechanisms is a powerful boost to the real economy. At the same time, the roles of consumer resource providers and contributors will overlap, and their boundaries will become blurred, so new business models may emerge.

Let’s take another example. This is an advertising system in the virtual world. It is based on an application of geographical location information. It divides the entire map of the real world into two kilometers square blocks. Participants Users can purchase these blocks, and then advertisers can send ads to these blocks based on positioning information, and users can earn revenue after clicking on the ads. At the same time, the owner of the geographical location block can get the corresponding share. In this case, each geographical block has a certain value and can be used to conduct some transactions. The underlying token of its platform can be used to purchase these plots for advertising or user income. In this way, all participating parties have obtained their own corresponding benefits, which is a token economic system worth learning from.

So we can see that blockchain can also achieve various applications in different industries, including the medical industry, financial industry, public service industry, etc. But no matter what, we should pay attention to a few principles. First of all, blockchain is not a panacea. In application scenarios with strong centralized trust guarantees, blockchain is not necessarily required. Blockchain is suitable for application scenarios where new credit cannot be guaranteed and multiple stakeholders participate. Rather than solving existing business pain points, blockchain is more inclined to change economic models and business models and change rules. This is also an issue that we need to pay attention to in terms of blockchain and industry applications, including in promoting the real economy.

❹ What is the token economy

The token economy is a concept in the blockchain industry. Token, also known as token, represents a kind of proof of rights or interests, such as: real estate certificate, ID card, academic certificate, etc.

❺ Blockchain technology, the future trend of the token economy, what is the relationship between the two

Token in English means token. The first thing that comes to mind is blockchain, decentralization and other names. With the rapid development of blockchain technology. Blockchain digital currency has slowly entered people's field of vision.

Blockchain has now moved from the 2.0 era to 3.0. In April 2020, the Autonomous Reform Commission officially included blockchain in new infrastructure and placed blockchain in the development of the digital economy. In an important position, all provinces and cities across the country are actively deploying blockchain, and many places have included blockchain in government work reports.

What is blockchain? From a technological perspective, blockchain involves many scientific and technical issues such as mathematics, cryptography, Internet and computer programming. From an application perspective, simply put, blockchain is a distributed shared ledger and database, which has the characteristics of decentralization, non-tampering, full traceability, traceability, collective maintenance, openness and transparency. These characteristics ensure the "honesty" and "transparency" of the blockchain and lay the foundation for creating trust in the blockchain. The rich application scenarios of blockchain are basically based on the ability of blockchain to solve the problem of information asymmetry and achieve collaborative trust and consistent action among multiple subjects [7].

Blockchain is a new application model of computer technologies such as distributed data storage, point-to-point transmission, consensus mechanism, and encryption algorithms. Blockchain is an important concept of Bitcoin. It is essentially a decentralized database. As the underlying technology of Bitcoin, it is a series of data blocks generated using cryptographic methods. Each The data block contains information about a batch of Bitcoin network transactions and is used to verify the validity of the information (anti-counterfeiting) and generate the next block [8].

In the original English version of the Bitcoin white paper [4], the word blockchain does not actually appear, but chain of blocks is used. In the earliest Chinese translation of the Bitcoin white paper [9], chain of blocks was translated into blockchain. This is the earliest time when the Chinese word "blockchain" appeared.

The Cyberspace Administration of China issued the "Blockchain Information Service Management Regulations" on January 10, 2019, which will come into effect on February 15, 2019 [1] .

As an important breakthrough for independent innovation of core technologies, the security risk of blockchain is regarded as a major shortcoming that currently restricts the healthy development of the industry. Frequent security incidents have sounded the alarm for the industry. To embrace blockchain, we need to accelerate exploration and establish a security system that adapts to the blockchain technology mechanism.

❻ What is the token economy

Simply put, the token economy is the marketization of various certificates that prove the identity and rights of persons, that is, the economy that makes full use of tokens.
Tokens can represent all proofs of rights and interests, from ID cards to academic diplomas, from currency to bills, from keys and tickets to points and coupons, from stocks to bonds. All proofs of rights and interests in human society can be represented by tokens. represent. It can be said that the entire civilization of human society is based on proof of equity. All accounts, ownership, qualifications, certificates, etc. are all proof of equity.

The token inspires and encourages everyone to tokenize various rights and interests, such as tickets, points, contracts, certificates, point cards, securities, permissions, qualifications, etc., and put them on the blockchain It is circulated upstream and traded on the market, allowing the market to automatically discover its price. At the same time, it can be consumed, verified, and used in real economic life. This is closely related to the real economy.

❼ What is the Token Economy? How to realize the development of the Token Economy

❽ What does the Token Economy mean?