Token Reform: from Epic to Epic Fail

For anyone familiar with the Chinese crypto circle, the one buzzword for the past month was “token reform.” The story around it was dramatic, somewhat bizarre even. And reception ranged from rapture, cynical, to contempt. But if you happen to be out of the loop, the following recap might shed some light on what actually happened. First, we need to dial back the clock a bit, to the beginning of July. How Did "Token Reform" Become A Thing? On July 5, FCoin, the Exchange known f