Token money

tokentokensdigital token
In economics, Token money, or Token, is money that has little intrinsic value compared to its face value.wikipedia
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Token economy

response costtokenToken Economics
Token money can also be used in a token economy to influence behaviour.
The reinforcers are symbols or tokens that can be exchanged for other reinforcers.

Face value

face amountvalue of legal tender
In economics, Token money, or Token, is money that has little intrinsic value compared to its face value. Token money has less commodity value compared to its face value.
Token money

Commodity value

Token money has less commodity value compared to its face value.
Because money becomes valuable not due to its substance, that is, its commodity value, but rather because of its performance, currencies tend to become token.

Financial cryptography

Financial cryptography provides another form of digital token money.
It permitted a form of digital token money that prevented traceability.

Facebook Credits

Two examples of digital tokens are Facebook credits and Amazon Coin.
Token money

Bearer instrument

bearer sharesbearer sharebearer
Bearer instrument
Token money

Economics

economiceconomisteconomic theory
In economics, Token money, or Token, is money that has little intrinsic value compared to its face value.

Money

monetaryspeciecash
In economics, Token money, or Token, is money that has little intrinsic value compared to its face value.

Intrinsic value (numismatics)

intrinsic valuemelt valueintrinsic
In economics, Token money, or Token, is money that has little intrinsic value compared to its face value.

Fiat money

fiat currencyfiatfiat currencies
Unlike fiat money, which also has little intrinsic value, it is limited legal tender. The account may either be representative money or fiat money.

Legal tender

demonetizationdemonetizedtender
Unlike fiat money, which also has little intrinsic value, it is limited legal tender. Token money can be useful when there is a shortage of legal tender, and can become a more useful medium of exchange.

Free silver

free coinage of silverunlimited coinage of silverfree coinage
It does not have free coinage.

Digital currency

electronic moneydigital currencieselectronic purse
This is digital money that is not legal tender.

Plato

dialoguesPlato's dialoguesPlatonic dialogue
Plato distinguished between tokens and commodities.

David Ricardo

RicardoRicardianDavid Ricardo,MP
In the early nineteenth century, David Ricardo suggested issuing token money as long as it did not affect commodity standard.

Commodity money

speciecommoditycommodity standard
In the early nineteenth century, David Ricardo suggested issuing token money as long as it did not affect commodity standard.

Medium of exchange

mediums of exchangeexchange mediumfreely exchangeable for goods
Token money can be useful when there is a shortage of legal tender, and can become a more useful medium of exchange.

Negotiable instrument

bills of exchangebill of exchangenegotiable instruments
Examples of this include bills of exchange or negotiable instrument and certificates.

Certificate of deposit

certificates of depositcertificatesCD
Examples of this include bills of exchange or negotiable instrument and certificates.

Representative money

representativenegotiatedcommodity backed
The account may either be representative money or fiat money.

Virtual community

virtual communitiesonline communitiesonline community
Digital token money is usually controlled by its developers and used by a specific virtual community.

Amazon Coin

Two examples of digital tokens are Facebook credits and Amazon Coin.

Blockchain

Blockchainsblockchain technologyblock
However, the blockchain can provide other functions than making payments.

Decentralized application

decentralizeddecentralized applicationsdecentralized apps
Crypto tokens (or cryptotokens) can represent utility or assets, for example with decentralized applications or smart contracts.

Smart contract

smart contractsDigital contractscontracts
Crypto tokens (or cryptotokens) can represent utility or assets, for example with decentralized applications or smart contracts.