# kaal:claim:3249860-023

**Claim.** Among the top 100 tokens, currency and utility models are the most common, USDT is the only purely Stablecoin token, Steem and Maker are both Stablecoin and utility, and only four tokens are asset-backed.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- N=100 dataset

**Source quote.**

> Of the top 100 tokens, currency and utility tokens were seen most commonly. USDT was the only purely Stablecoin token; two tokens (Steem and Maker) were characterized as both Stablecoin and utility. Bytom, DigiByte, Syscoin, and Salt are asset-backed.

**From.** Wulf A. Kaal, *Crypto Economics - The Top 100 Token Models Compared* (2018), IV.4 Token Model Type, page 17

**Cite as.** Wulf A. Kaal, Crypto Economics - The Top 100 Token Models Compared (2018). SSRN: https://ssrn.com/abstract=3249860

**Verify.** sha256 of source PDF `72b13f11002ba26206cd53e74c324b913d1830c642bfa024da6bac0d3af3a7b0` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202018%20-%20Crypto%20Economics%20-%20The%20Top%20100%20Token%20Models%20Compared.pdf

**Topics.** tokenomics, empirical-evidence

**Keywords.** token-models, stablecoin, asset-backed, empirical-findings

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