Dong Yang 
Blockchain and Coken Economics [EPUB ebook] 
A New Economic Era

Blockchain technology is one of the most popular technologies in the recent decade. In 2008, Satoshi Nakamoto published a paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper was the starting point of this technology. As of 2017, it has been nine years since blockchain’s development. During these years, blockchain has gradually developed toward industrialization from the initial technology boom. Although cryptocurrency and virtual currency transactions represented by Bitcoin fell to the bottom from the peak period of speculation in 2014, the investment of the relevant industries of blockchain in the world still rose gradually. With the deepening commercialization, the application of blockchain has been pervasive and has involved the financial sector and many other fields other than finance.

Blockchain technology has revolutionized our day-to-day lives, and mass adoption of decentralized technology is predicted to happen shortly. This book has carried out valuable research in the provision of laws, rules, and systems in financial technology to make up for the shortcomings of existing research. At the same time, the book provides a large number of cases to explain how blockchain will fall, as well as the possible legal issues in landing. Blockchain and tokenomics are legal monographs in the blockchain industry that bridge the gaps in the legal reference of current blockchain business practices. This book will enable blockchain investors, blockchain entrepreneurs, and blockchain application explorers to understand the current and future practices of blockchain applications in a more transparent, more intuitive, and more comprehensive way by knowing the existing legal oversight and the future possibilities under the supervision of the work of blockchain.

关于作者

Prof. Yang Dong is a vice principal of School of Law in the Renmin University of China He was awarded multiple prizes from the National Social Science Fund and the Ministry of Education and has received ten other national level academic awards. As the founders of China’s “financial legality” theory, Prof. Yang Dong initialled the modern “market-based indirect finance” theory, and “crowdfunding finance” theory. He is one of the pioneers of China’s Internet finance, mobile finance, crowdfunding finance legislation, specialising in financial consumer protection and internet antitrust. He is also the author of China’s first crowdfunding finance textbook ‘The Third Wave of Internet Finance: The Rise of Crowdfunding’ and the author of ‘Win in Crowdfunding: Actual Combat, Risk, Skills.’ He is the first Changjiang Scholar of the Ministry of Education and is the member of the General Administration of Industry and Commerce of the Anti-Unfair Competition Law research group.

Professor Yang Dong is one of the scholars focused on blockchain technology in China. In 2015, in his best-selling book ‘Internet + Finance = Crowdfunding Finance’, he is the first scholar to analyse blockchain application in the financial industry. In 2017, the book “Fintech Law: Blockchain Business Practice and Legal Guide” was published which focus on the practice and strategy of blockchain application in enterprise level.


Hui Gong holds multiple positions. He is the founder of the China-UK Blockchain Association and the leading researcher at UCL Centre for Blockchain Technologies (CBT). Currently studying a Ph D in Financial Mathematics at University College London (UCL) and previously working in University of California, Los Angeles (UCLA) as a visiting scholar, he has extensive research experience in the blockchain, cryptocurrencies and high-frequency trading. Also, he specialises in derivatives pricing, risk management strategies, artificial intelligence and operational and procedural simplification in leading investment banks. Some of Hugo’s involvements are as follows:

UCL Blockchain Institute
United Nations Food and Drug Agency Digital Identity Program
ICO Global Regulation and Challenges

Credit Suisse
Robo-advisor
Front office ‘Big data-driven investment recommendation’ and associated products
Index product
Derivatives pricing and risk management products