By Asset 2 - Utility Tokens
(Under development. Please, come back later. Just published to share the progress)
1. Introduction
2. Defining Value
Across the history, a few economic models have been proposed. Putting these economic models in practise reuire either a broad consensus betwen the citizens or the compromise of a central planner.
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what holds the value? time, energy, commodities, work, costs, utility, capital, politics
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who determines the value, citizens), plannr top down)
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what i valu? Land Theory of Value Physiocrats), Intrinsic Theory of Value Adam Smith), Labor Theory of Value )Ricardo), Use Value / Exchange Value Theory Marx), Commodity’s costs of production John Stuart Mill ), Subjective Theory of Value Menger), Marginal Utility Theory of Value Jevons), Monetary theory of value Keynes), Power Theory of Value
4. Utility Tokens (Utility Capture)
Utility backed tokens are backed by some utility or service, but they do not follow a monetary policy to capture the underlying value or price of this service.
| Token Backing | Token Backing Type | Examples |
|---|---|---|
| Speculative Value | Algorithmic | |
| Objective Utility Token | Play To Earn | RobotEra,
TamaDoge,
Swords of Blood, |
| Move To Earn | StepN | |
| Recycle To Earn | Ecoterra | |
| PoPW Network | Helium,
Pollen Mobile,
Dimo,
HiveMapper, | |
| Social Network | BAT | |
| Subjective Virtual Utility Tokens | Play To Own | Lucky Block |
| TCR | ||
| Subjective Real Utility Tokens | Exchange | |
| Supply Chain | ||
| Lending | ||
| Utility Coin | PoW Network | BTC,
LTC,
DOGE,
XMR,
ETC,
BCH,
ZEC, |
| PoS Network |