Utility tokens

Hugo Benedetti, Christian Caceres, Luis Álvaro Abarzúa

Producción científica: Capítulo del libro/informe/acta de congresoCapítulorevisión exhaustiva

1 Cita (Scopus)

Resumen

Utility tokens are digital currencies that serve as the only accepted means of payment for services and products provided through a blockchain-based platform. They finance the development of their product or service, reward and incentivize early adopters and network promoters, align economic incentives between supply, demand, and the marketplace, and enhance network effects among all participants. Their tokenomic design consists of the rules and regulations governing a token's issuance, distribution, allocation, and potential destruction. The chapter describes utility tokens, compares them with other types of cryptoassets, and discusses their value creation process and role in network economics. It also reviews common tokenomic designs, discusses different regulatory approaches, and provides examples of current utility token applications in decentralized applications such as decentralized finance and virtual reality platforms (metaverses).

Idioma originalInglés
Título de la publicación alojadaThe Emerald Handbook on Cryptoassets
Subtítulo de la publicación alojadaInvestment Opportunities and Challenges
EditorialEmerald Group Publishing Ltd.
Páginas79-92
Número de páginas14
ISBN (versión digital)9781804553206
ISBN (versión impresa)9781804553213
DOI
EstadoPublicada - 16 ene. 2023

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Publisher Copyright:
© 2023 by Emerald Publishing Limited. All rights reserved.

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