Vlad Andrei's presentation from the ICO Advisory Group's Event "Blockchanging the world – the academic, technological and legal challenges of the blockchain revolution" held at Techhub Bucharest on December 20th, 2017.

1. 1
Tokens Deep Dive
2 Types of tokens
3 Future of tokens & ICOs
1 What is a token

2. 2
The Tokenized Revolution

3. 3
The Tokenized Revolution

4. 4
The Tokenized Revolution

5. 5
The Tokenized Revolution

6. 6
ICOs — early stage
investing, reinvented
Global Reach
2
1
No Investor Discrimination
3 Less Friction
4 Instant Liquidity
5 Small Transaction Fees
6 New Business Model for
Open Source Code

7. • Limited governance &
recourse rights
• Not related to
company equity
• Can be autonomous
and decentralized
• Difficult to assess
jurisdiction
7
What is a Token?
Legally Economically Technically
• A monetary system with
predetermined rules
• Crypto-economic
incentives and penalties
• Access to services &
products
• A native, blockchain
specific “coin”
• An Ethereum “ERC-20”
token

8. 8
Types of Tokens
Currencies
• Standard
• Bitcoin
• Energy efficient (anti-POW,
anti-mining centralization)
• Litecoin
• Privacy-focused
• Zcash, Monero, PIVX
• Proof of Stake related
• Ripple, Stellar, Dash
• On-chain governance
• Decred
Utility
• Decentralized apps platforms
• Ethereum, EOS, NEO,
Cardano
• Decentralized exchanges
• 0x, Kyber, EtherDelta,
AirSwap, Omega One
• Decentralized storage
• Sia, StorJ, FileCoin
• Decentralized computing
• Golem
• Decentralized identity: Civic
• Content creation: Steem,
SingularDTV
• Decentralized search: Bitclave
• Decentralized advertising: BAT
• Energy: Grid+, PowerLedger
Securities
• Funds: TheTokenFund,
TaaS, BCAP
• Many tokens will try to force
their entry into the “Utility”
category to avoid security
regulations
• Coinbase security
calculator
Assets/
Commodities
• Real estate
• Real.markets, LAToken
• Gold
• Royal Mint Gold
• Zirconium
• ZrCoin

9. 9
Future of Tokens & ICOs
Governance & Regulation
• corporate governance via token-based voting systems
• KYC & AML integral part of most ICOs
• event & KPI-based ICO funds release
• timed release
• KPI (# users, # downloads, # nodes, etc)
• events (software release, partnerships, etc)
• more clear delineation of security tokens
• stricter requirements for trading on exchanges
Token economy
• shift from building products to building economies &
communities
• explosion of “security” tokens traded through DLT
• explosion of “digital assets” (see ERC 721; crypto kitties)
• 63% central banks have ongoing DLT POCs
• banks to begin holding cryptocurrencies in reserve
• 10,000+ ICOs in 2018
• $10B+ raised through ICOs in 2018
Technical Standardization
• platforms that automate the ICO process:
CoinList, Argon Group, Orderbook
• platform to create digital assets:
Ethereum

10. 10
Q&A
Email: vlad@hightechblock.com