Crypto Asset Classification
Implemented on the protocol-level of a blockchain, critical to operate the blockchain, part of the blockchain incentive mechanism for block validators. Examples are BTC and ETH
Asset backed tokens
Functions as a claim on an underlying asset, allows IOUs trading. Examples include USDT.
Provides access to a digital service by granting holders access to exclusive functionality of the service. Examples are STX(Stacks)
A token with clearly defined utility by the owners within a network or application, closely tied t the functionality of the issuing network or application.
Non-native protocol tokens
Implemented in a cryptoeconomic protocol on top of a blockchain, part of the protocol’s consensus mechanism, protocols’ incentive mechanism for nodes, tracked on an underlying blockchain to which it is not part of.(e.g. ERC20 tokens on Ethereum blockchain). Examples include REP(Decentralized Oracle Protocol)
Primarily intended to be used within a specific system (network or application). Functionality within the issuers system. Examples include GNO.
Network Value Token
Tied to the value and development of a network, the value is exchanged on the network. For example STEEM.
Provides rights to contribute to a system. Thus owning tokens is the precondition for contributing to a system. Examples are REP, MXR.
A token with security features, such as voting on decisions regarding the issuing entity, dividends or profit shares. Examples include SPICE.
Implemented on the application level on top of a blockchain. Integrated within the application, Part of the app’s incentive mechanism for nodes or users. For example WIZ, SAFE.
Primarily intended as a way to passively invest in the issuing entity or underlying asset. Examples include Neufund Equity Tokens(Neufund)
Share-like properties, the issuer promises token owners a share in the success of the issuing entity (dividends, profit-shares). Examples include DGD, LKK.
Features traits of both usage and work tokens, granting access to system functionalities allowing owners to contribute to the system, For example DASH
Purely cryptocurrency, that acts as a store of value and medium of exchange, not emitted by a central authority against which owners have claims.