Tokens unbundle the latter innovation from the former, providing a general method for designing and growing open networks.
Crypto Tokens: A Breakthrough in Open Network Design
Chris Dixon
6.4K61

Tokens accelerate network effects. This has proven to be a significant social innovation. I wrote a post this morning that explores how tokens are disrupting how startups raise capital and incentivize early adopters.

https://medium.com/@WayneVaughan/going-full-token-the-impact-of-icos-49dc662dfc6b