What took me by surprise was just how packed the room was and the lively discussion that ensued. Most of the participants already possess very advanced knowledge on token economics and the crowdsale infrastructure. What still clearly lacks is a further discussion and research in order to define the framework and develop new functionalities for what we believe is one of the core components of the blockchain ecosystem.

The palpable overall sentiment was that the new token economics will become the basis for the societal changes brought about by blockchain startups.

Another hot topic was legislation which is an especially sore subject for US-based projects. For a fast-paced space like blockchain it seems that legislative frameworks are evolving at an anxiety-inducing slow pace. I spent a good deal of my time there chatting with people from different parts of the world gaining a very useful experience on how governments around the globe are helping shape the blockchain community.

There were also pitches from projects, among which was a Cofound.it project Etherisc, while ETNX and Futourist presented their token model at the Cofound.it workshop. Because of a bigger presence of startups and very crypto knowledgeable participants for many this year’s Token Summit was full of relevant insights and an excellent opportunity for networking.

Etherisc pitching at the Token Summit II.

If you have the time and didn’t manage to attend, check the event’s many panels on YouTube. Naval Ravikant of AngelList for example has summed up the evolvement of the market in 2017 and presented some predictions for the next year saying crypto market is going mainstream faster that expected, on the other hand there are still technical limits for scaling. There’s a lot of uncertainty in the space, as Zenel Batagelj wrote this week on our blog, so ahead of us is a period of experimentation and an interplay of forces from the new and the old economy.