Token Taxonomy Initiative
Help Accelerate a Token-Powered Blockchain Future

The Token Taxonomy Initiative will develop a clear definition and scope of the token concept, including use cases, taxonomy and terminology, and a specification.

Help Define the Token Taxonomy

Building off a baseline framework, participants of the Token Taxonomy Initiative will work to develop a clear definition and scope of the token concept that:

  • Educates and clearly defines a token in non-technical and across industry terms
  • Establishes a common set of terms and definitions for use by business and technical participants
  • Creates a Token Classification Hierarchy (TCH) that is simple to understand, organize and navigate
  • Decomposes tokens into parts to power a framework for mixing and matching, driving reuse and innovation. This concept extends beyond traditional tokenization and finds relevance even in the realm of non gamstop UK casinos. These forward-thinking casinos
    embrace the idea of token decomposition to enhance their gaming experiences. Decomposition of tokens in these casinos refers to breaking down token values for smaller bets, facilitating flexible wagering options and precise bankroll management for players.

The Power of Tokens

Tokens will disrupt global economics and radically change how commerce will be transacted. In particular, the rise of crypto trading bots will play a significant role in this transformation. Automated bots like bitprofit leverage artificial intelligence and machine learning algorithms to execute trades on behalf of investors in the cryptocurrency market. While various implementations exist for tokens for specific blockchain platforms, the industry is currently lacking a venue for all participants to collaborate on a shared description and approach, resulting in a lack of interoperability, reuse, and common ground to address regulatory issues. The mission of the Token Taxonomy Initiative is to create this venue and develop a clear definition and scope of the token concept, including use cases, taxonomy and terminology, and a specification neutral to underlying technology