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Categories and Functions of Crypto-Tokens

In: The Palgrave Handbook of FinTech and Blockchain

Author

Listed:
  • Lin William Cong

    (Cornell University SC Johnson College of Business)

  • Yizhou Xiao

    (Chinese University of Hong Kong)

Abstract

Cong and Xiao discuss emerging research on digital tokens and cryptocurrencies. They (i) provide a comprehensive categorization of crypto-tokens as observed in practice or being designed, (ii) discuss major issues concerning the economics of using tokens including platform finance, user adoption, stable coins, crowdsourcing, and agency issues, with legal and regulatory implications, and finally, (iii) suggest future directions of digital currency applications and tokenomics research.

Suggested Citation

  • Lin William Cong & Yizhou Xiao, 2021. "Categories and Functions of Crypto-Tokens," Springer Books, in: Maurizio Pompella & Roman Matousek (ed.), The Palgrave Handbook of FinTech and Blockchain, edition 1, chapter 0, pages 267-284, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-66433-6_12
    DOI: 10.1007/978-3-030-66433-6_12
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    References listed on IDEAS

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    Cited by:

    1. Kirill Shakhnov & Luana Zaccaria, 2022. "(R)evolution in Entrepreneurial Finance? The Relationship between Cryptocurrency and Venture Capital Markets," EIEF Working Papers Series 2202, Einaudi Institute for Economics and Finance (EIEF), revised Jan 2022.
    2. Zhao, Yuan & Liu, Nan & Li, Wanpeng, 2022. "Industry herding in crypto assets," International Review of Financial Analysis, Elsevier, vol. 84(C).
    3. Yulin Liu & Luyao Zhang, 2022. "Cryptocurrency Valuation: An Explainable AI Approach," Papers 2201.12893, arXiv.org, revised Jul 2023.
    4. Allen, Franklin & Gu, Xian & Jagtiani, Julapa, 2022. "Fintech, Cryptocurrencies, and CBDC: Financial Structural Transformation in China," Journal of International Money and Finance, Elsevier, vol. 124(C).
    5. Cong, Lin William & Mayer, Simon, 2022. "The Coming Battle of Digital Currencies," Applied Economics and Policy Working Paper Series 320020, Cornell University, Department of Applied Economics and Management.
    6. Chod, Jiri & Lyandres, Evgeny, 2023. "Product market competition with crypto tokens and smart contracts," Journal of Financial Economics, Elsevier, vol. 149(1), pages 73-91.

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