Since the development of the blockchain in recent years and the gradual recognition by the majority of enthusiasts, the world has generated great knowledge anxiety and discussion climax about the blockchain, but after 2018, it has shown a reverse low in the digital trading market.
Bitcoin fell by 50%, and other digital currencies generally fell by 70%.
The digital assets in the blockchain world will produce more and more bubbles.
Because it is too close to the interests, the elites and demons and monsters are gathered here, and the boundary between the two is blurred.
The emergence of various air coins, MLM coins and chicken rib coins has made digital currencies muddy.
And because of this, the true value of the hidden "Token" has been completely concealed.
"The sad thing is that 99% of those who are now cheering for the blockchain don't understand the meaning of Token, and they are all aimed at its wealth effect." Many veterans in the blockchain field have said so.
Maybe only when the impetuosity fades, just like when the tide recedes, will the pearls on the bottom of the sea be revealed. At that time, the charm of Token can truly show...
Tokens, not tokens
China's earliest advocate for blockchain is probably "Mr. Yuan Dao".
The picture above shows Mr. Yuan Dao
As early as 2013, Yuandao proposed to translate "blockchain" into "blockchain", which corresponds to the three words "Internet".
At present, various tokens issued by ICO projects are directly translated into "tokens" in order to attract more speculators.
"It can be said that it is a big mistake to translate Token into a token." Yuandao said that even if this translation has been established by convention, it must be resolutely changed, and it cannot be tolerated.
The correct translation should be "token."
In the early days, Yuandao was a fan of the chain circle, and he was quite disgusted with the currency circle. However, in the wealth wave swept across the currency circle, Yuandao began to calmly examine the meaning of Token and found that he was wrong.
"I even think that the meaning of the pass is more important than the blockchain." Yuandao said.
Let me talk about what a "pass" is.
In the traditional value system, only things that can be recorded on the ledger can be exchanged for value and circulated.
Therefore, bookkeeping is the basis for wealth generation.
However, in the real world, most things cannot be quantified, and the things that can be booked are extremely limited.
But "Token" can.
The magic of this matter is that Token can record physical assets and virtual digital assets digitally.
For example, the more common ones that have been recorded are tickets, points, contracts, certificates, point cards, securities, permissions, qualifications, and so on.
Token: Circulating, encrypted digital proof of rights and interests.
Imagine that whether standard or non-standard goods or services can be digitized, tokenized, and uploaded to the blockchain for low-friction, or even zero-cost transactions and cutting, what will the world look like? At this time, human assets and value will be fully activated.
The most typical case is the tokenized "house and land assets".
For example, in the previous house transactions, only one whole house could be sold directly. It is impossible to divide a house into several parts and buy them separately.
But on the blockchain, value can be divided and circulated.
"Blockchain is the back-end technology of the New World, and the token is the front-end economic form of the New World. The two things are completely independent, and the two things are equally great." Yuandao said.
NO Token
Most people put their main focus on the legends of skyrocketing prices and various kinds of sudden wealth, and the true face of the token has been concealed. When the industry fades its impetuosity, it pays attention to the meaning of Token itself.
"What is the thinking in many currency circles? They are "idling".
Build a chain, issue a new digital currency, follow a bunch of advanced technologies, and then get a few celebrities to endorse, and go to the exchange as soon as possible.
Then began to sell the market, price speculation. The so-called currency does not serve the real economy at all, which is idling.
The idling speed is fast, but it never touches the ground, and it will collapse sooner or later.
"99% of ICO projects are scams." An insider close to the supervisory authority revealed that this is the supervisory authority's attitude towards it.
The impetuousness and madness of the industry is indeed shocking.
At present, the vast majority of "Tokens" are worthless.
Many projects are issued with air coins, and there is no landing scene at all; there are also "chicken rib coins", which only map some meaningless and value-added assets.
These are all rubbish "Tokens".
In addition, there are some "Tokens", although they are useful, they have little imagination.
For example, points can be exchanged for points, but there is no logic for appreciation.
Can we only rely on the exchange to raise prices through currency speculation? If so, it doesn't make much sense in itself.
In addition, there are some "dividend coins" whose value has also been questioned.
The so-called dividends are still determined by some centralization, and how to ensure fairness and justice?
So, what kind of "Token" is the ultimate model?
Ultimate mode
For intuitive understanding, let's take a game as an example.
On Ethereum, there is a small game that was once considered the most successful application in the blockchain field. The game is called Decentraland.
How does this game work?
After game developers make the game, they engrave the game rules and gameplay on the blockchain, which cannot be modified, nor can they intervene.
After they kept some tokens, other tokens flowed into the market.
In the game system, there are 60,000 pieces of land, and the land is publicly auctioned. Of course, it needs to be purchased with Token.
The initial land auction of the game, with more than 3,000 participants, and the most expensive piece of land, was sold at a price equivalent to US$120,000.
Everyone's enthusiasm skyrocketed.
Then, the owner of the land began to build his own kingdom, building houses, communities, and parks on the land, and in this way, the kingdom and the land began to become more and more valuable.
At this time, if others want to buy your land again, they need more tokens.
Because the total amount of tokens is fixed, when there are more and more players in the game, the price of tokens on the secondary market will become higher and higher due to the relationship between supply and demand.
This also means that the total value of this game has risen.
Is this interesting? In an unsupervised, free-growing ecosystem, this system operates smoothly and continues to add value.
This is exactly the same as Bitcoin, which grows freely and methodically.
We call it "self-ecology".
Why can the natural ecology grow on its own and continue to increase in value? The secret behind it comes from "Token".
First of all, game players hope that more people will participate in the game, the land and tokens in their hands will become more valuable, and their friends around Amway will continue to participate.
This actually easily resolves the "flow" problem that has been a headache for the game industry.
The traffic will never be harvested by the giants, and users have generated "natural traffic", breaking the monopoly of the giants.
Secondly, game developers, because they still have Tokens in their hands, when the tokens increase in value, they also make money.
They no longer need to work hard in order to make users "Krypton Gold".
This is the charm of the truly valuable Token.
It can completely activate the potential of everyone. In this self-ecosystem, all people are a community of interests, working for a common goal.
I have to admit that this is an era of elite society and monopoly.
A small number of elites and giants control all industries and direct civilians to work for them and work for their benefit.
In this self-ecosystem, the wisdom and potential of civilians are fully activated. They work for their own interests and receive fair returns.
Token is essentially an interest mechanism that promotes "everyone is willing to actively cooperate."
Just like Bitcoin, the success of Bitcoin is directly related to the design of the miner's reward mechanism, but this is originally a complicated economics, management, and psychological problem... Blockchain directly faces human nature.
Inspired by Token, the decentralized world runs automatically, and it looks so beautiful.
Through Token, putting more assets (such as games, storage, network, cultural content, etc.) on the chain to inspire labor and transactions between laborers and creators may really fully activate the value of human society.
Therefore, we now have two very effective indicators to judge the quality of an ICO project:
First, you only need to see if there is a landing scenario for Token, and whether it can inspire all people to work hard for this ecology.
Second, whether Token has electronically transformed assets that could not be kept in account before, and can cut transactions. At the same time, this new set of circulation value system has room for continuous appreciation.
Token, in a sense, is indeed sexier than the shareholding system.
It activates human potential, is fairer, and is guaranteed by cryptography, and no one can tamper or interfere.
In addition to the rich story, we should pay more attention to the road to the future.
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