Classifying The Top 300 Tokens According to The International Token Classification (ITC) Framework

 

ITSA is looking for student support for the classification of the top 300 tokens by market capitalization (all tokens can be found here). The emergence of cryptographic tokens created a new academic field. ITSA developed the International Token Classification (ITC) framework to clearly capture the differences between tokens. Based on these classifications, distinct and specific research of token economies, the use and acceptance of tokens, and others are exciting opportunities. Every participating student will be eligible to engage in ITSA’s working groups and round tables.

 

Project description

Cryptographic tokens running on DLT systems will soon form an integral part of various major economic sectors (e.g. financial markets, information and media, manufacturing and trade). As such they are going to provide utility and value in many different forms to business and society as a whole. Moreover, cryptographic tokens are also on the verge of representing a recognized institutional asset class. Yet, the current token markets still lack a tangible and holistic framework for the identification, classification, and analysis of different token types, which leads to economic, technological as well as regulatory uncertainty and a lack of transparency for all players involved. With the objective of addressing these shortcomings, the International Token Standardization Association (ITSA) aims at implementing comprehensive market standards for the global token economy.

The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. So far, our classification framework has been applied to 99% of the token market according to market capitalization of classified tokens. If you want to get a better understanding of our classification framework, take a look at our ITC version 1.0.

 

Goal of the collaboration

The aim of the collaboration is to update ITSA’s token database TOKENBASE according to the new ITC version 1.1 which will feature four additional dimensions: Mode of Origination, Type of Maximum Supply, Consensus Mechanism and Taxation Regime. The classification of the top 300 tokens will give you a profound insight in the global token economy and prepare you for an eventual bachelor or master thesis in the field of blockchain which ITSA would be happy to support.

 

Requirements

For this collaboration we are looking for students:

  • With great interest in cryptographic tokens and a passion for blockchain and DLT related business models
  • Motivated to write their bachelor or master thesis on a topic in the realm of blockchain or DLT
  • Which are trying to gather vast knowledge about DLT within a short time period
  • With English proficiency

Contact

If you are interested in the topic and think you are the right person to get involved with, contact Christian Viehof, Executive Director at ITSA (christian.viehof@itsa.global).

 

 

Remarks

If you like this initiative and support our goals, we would be happy if you forward it to your colleagues or share it on social networks. More information about the International Token Standardization Association can be found on the Internet, on Twitter, or on LinkedIn.

 

About ITSA

ITSA e.V. aims at promoting the development and implementation of comprehensive market standards for blockchain- and DLT-based cryptographic tokens. To increase transparency and safety on global token markets, ITSA e.V. assigns a unique and fork-resilient identifier (the ITIN) to each token and classifies the token according to our International Token Classification Framework (ITC). This data is then entered into the TOKENBASE. It is our vision to create the world’s largest DLT token database and see our market standards be implemented across the world. Our working groups are actively driving the development and progress of both the ITIN and the ITC.

  • The International Token Identification Number (ITIN) is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
  • The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to the market capitalization of classified tokens.
  • ITSA’s Tokenbase currently holds data on over 4000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers.