04-05, 11:25–11:45 (Europe/Zurich), Verge Stage
Blockchain platfoms normally issue one domestic token to be used for financial transfers, governance and other functions. Some of them instead decided to issued two tokens, one for governance and the otherr for the remaining functions, including transactions fees payment. In the talk we dscuss some economic aspects of such chains.
In the presentation I will discuss few economic issues related to two-token economies-where both tokens are traded in the market. In particular, how to determine the economic value of a two-token bloockchain, the possiblity of speculative trades when one of the tokens could be obtained for free by holding the other token. Moreover, that transaction fees value in fiat currency are typically unstable over time.
Professor of Economics at the University of Siena-Italy