Article(id=1322239962301444553, tenantId=1146029695717560320, journalId=1146120045056339983, issueId=1322239944047837731, articleNumber=null, orderNo=null, doi=10.12404/j.issn.1002-980X.J26061801, pmid=null, cstr=null, oa=null, hot=null, price=null, onlineType=0, articleFormat=0, articleType=null, articleTypeStr=null, receivedDate=1781712000000, receivedDateStr=2026-06-18, revisedDate=null, revisedDateStr=null, acceptedDate=null, acceptedDateStr=null, onlineDate=1793176173042, onlineDateStr=2026-10-28, pubDate=1784908800000, pubDateStr=2026-07-25, doiRegisterDate=null, doiRegisterDateStr=null, onlineIssueDate=1793176173042, onlineIssueDateStr=2026-10-28, onlineJustAcceptDate=null, onlineJustAcceptDateStr=null, onlineFirstDate=null, onlineFirstDateStr=null, sourceXml=null, magXml=null, createTime=1793176173042, creator=13701087609, updateTime=1793176173042, updator=13701087609, issue=Issue{id=1322239944047837731, tenantId=1146029695717560320, journalId=1146120045056339983, year='2026', volume='45', issue='7', pageStart='1', pageEnd='147', issueExtLink='null', onlineDate='null', pubDate='1784908800000', pubDateStr='2026-07-25', beforeIssueId=null, nextIssueId=null, price=null, status=1, issueComplete=1, articleOrder=1, issueType=-1, specialIssue=null, createTime=1793176168691, creator='13701087609', updateTime=1793176168691, updator='13701087609', preIssue=null, nextIssue=null, articleTotal=null, ext=null, issueFiles=null, downloadFileDto=null}, startPage=49, endPage=63, ext={EN=ArticleExt(id=1322239962494382538, articleId=1322239962301444553, tenantId=1146029695717560320, journalId=1146120045056339983, language=EN, title=The Token Economy Paradigm in the Intelligent Era: Reconstructing Value Theory, Industrial Transmission Mechanisms, and Governance Systems in the Chinese Context, columnId=1149284495141983177, journalTitle=Journal of Technology Economics, columnName=Macro Technology Economics, runingTitle=null, highlight=null, articleAbstract=

With the rapid advancement and diffusion of new-generation artificial intelligence technologies, Tokens are moving beyond their technical role as internal computational and representational units within AI models. They are becoming a foundational basis for value measurement, value exchange, and value distribution in the intelligent era. A new Token economy paradigm is therefore emerging. Based on value theory, the reconfiguration of traditional value understanding under the Token economy paradigm was examined from the dimensions of value measurement, value exchange, and value distribution. The bidirectional transmission mechanisms of value reconfiguration were further analyzed within and beyond the AI industry. The results show that the Token economy paradigm can enhance quality and efficiency within the AI sector and can enable the transformation and upgrading of other industries. In the Chinese context, a value governance framework for the high-quality development of the Token economy is proposed. It consists of four layers: value-scale sovereignty, value-exchange transmission, value-distribution safeguards, and value-system security. The Token economy paradigm provides theoretical support for understanding value creation, value circulation, and value allocation in the intelligent era. It also provides practical implications for promoting the high-quality development of China's Token economy and strengthening its long-term competitive advantages.

, authors=Zhendong Li¹, Xintong Wu^{2, 3}, authorsList=Zhendong Li, Xintong Wu, authorCompany=null, correspAuthors=Xintong Wu, authorNote=null, correspAuthorsNote=null, copyrightStatement=null, copyrightOwner=null, extLink=null, articleAbsUrl=null, sourceXml=null, magXml=null, pdfUrl=null, pdf=null, pdfFileSize=null, pdfExtLink=null, richHtmlUrl=null, mobilePdfUrl=null, reviewReport=null, pdfFirstPage=null, abstractGraph=null, abstractGraphContent=null, abstractVideo=null, citation=null, cebUrl=null, magXmlContent=null, mapNumber=null, fund=null), CN=ArticleExt(id=1322239963018670539, articleId=1322239962301444553, tenantId=1146029695717560320, journalId=1146120045056339983, language=CN, title=智能时代的词元经济范式：价值理论重构、产业传导机制与中国情境治理体系, columnId=1147991617132294261, journalTitle=技术经济, columnName=宏观技术经济, runingTitle=null, highlight=null, articleAbstract=

新一代人工智能技术应用的快速演进，促使词元成为智能时代价值计量、价值交换与价值分配的基础，并推动词元经济范式的涌现。基于价值理论视角，首先揭示词元经济范式的核心特征，分析其在价值计量、价值交换与价值分配三个维度对传统价值理论的重构逻辑；其次，进一步剖析词元经济范式价值重构引发的产业内外双向传导机制，即驱动人工智能产业内部提质增效与催动外部产业转型升级；最后，聚焦中国情境下的词元经济高质量发展，构建了以价值尺度主权层、价值交换传导层、价值分配保障层与价值体系安全层为架构的价值治理体系。研究结果为理解智能经济新形态下的价值重构逻辑与中国词元经济高质量发展提供了理论解释和制度启示。

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李振东（1989—），博士，北京邮电大学经济管理学院特聘副研究员，研究方向：数智创新管理、科技政策管理；

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李振东（1989—），博士，北京邮电大学经济管理学院特聘副研究员，研究方向：数智创新管理、科技政策管理；

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