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[Music] guys we were going to start sorry for being a bit late but I think you know weve finished a bit late in the morning and so were gonna start right now the third session which is on which is called towards token economy and so wed have three speakers in the order of passage first long young lads Im hope Im saying your name right whos a blockchain lawyer who will speak of legal classification of tokens then we have Julian Platt whos at CNS and Nicole Polytechnique who will address the fundamental value of tokens and then well finish with Valentinos here the our wonderful host whos with saneras and Ecole Normale Superieure who will discuss new tack anomic series so flow now the floor is yours thank you and thank you to floor asks for the invitation to be able to speak here yeah so I was asked to talk about classifying blockchain tokens from a legal perspective I broadened abroad the topic a bit I will just talk about the token Zoo as I call it its taken from physics th