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