History of Token Economic Development

Blockchain and digital virtual economy are developing rapidly, and the Token economy is constantly evolving. Tokens were produced from the initial POW mechanism (represented by BTC); then, with the rise of ICO and the support of Ethereum smart contracts, new projects began to sell their tokens publicly. The closest to ORIGIN is the LP liquidity under the DeFi1.0 mechanism. Mining involves users providing liquidity to the pool, and the protocol directly rewards Tokens. The POW mechanism is still used in a small area, such as Filecoin, and the market has abandoned ICO. At this stage, most Token sales use the LP liquidity mining of the DeFi1.0 mechanism.