earticle

영어

Nowadays, most of the blockchain platforms like Ethereum, NEO, Qtum supports smart contract. With a smart contract, platform users can make utility tokens. For its security and functional stability, each platform has certain utility token standards; Ethereuem has ERC-20 and ERC-721 standards and NEO has a NEP-5 standard. Most of the built tokens are initially sold to users by ICO(Initial Coin Offering), then the price fluctuates after listed on exchanges. Because of the price fluctuation, most of the token holders do not actually use them but hold just to earn a profit by selling them on a higher price then they bought. This situation prevents utility tokens to be utilized and delays token economy’s growth. In this paper, a new utility token standard including fixed price exchange function will be proposed, for a token economy stabilization.