Token Economy: Money, NFTs & DeFi

Transferability: Tokens can be designed to be transferable or non-transferable. Identity-bound tokens (aka soul-bound tokens), such as diplomas or licenses which are tied to a person's identity, are non-transferable. In the case of asset tokens, transferability may also be restricted, or only possible under specific conditions.

Liquidity

How many different token types do you need?

Additionally, a new trade-off emerges between the following goals: (a) exchange rate stability, (c) decentralization & autonomy, and (c) capital efficiency.

Expiry properties:

Digital assets that are unique in nature:

Bank run:

Traditionally, the crypto community distinguished between the following types of stable tokens: (i) fiat-collateralized or commodity-collateralized stable tokens, (ii) crypto-collateralized stable tokens, and (iii) algorithmic stable tokens. Lately (iv) central banks have also started looking into tokenizing their currencies which already come with

Recognizability