An economy of goods and services that can run without intermediaries and third parties with the help of the blockchain technology.
In a token economy, blockchain technology is used to take physical assets, digitize them, prove their ownership, and potentially trade them. The same principles apply to tokenizing an asset that is already in digital form.
The four tools you need to work with tokens, sometimes called digital assets, are Documentation, Tokenization, Governance, and Trading.
Token economies are essentially a digital analogy to the interaction of parties and entities in the real world, based on quantifiable units (tokens), governed by mathematics, and secured by cryptography.
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