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Government Blockchain Association Emerging GovTech: Tokenomics Tue, May 13, 2025, 12:00 PM - 1:30 PM (EDT) Livestream on Emerging GovTech: Tokenomics--Give the public what they want? Tokens provide or promise but beware and be aware. · The coin is listed · A short-term price surge occurs following market hype and FOMO · Growth phase is inflated by AI-driven bot trading and automated market-making · Celebrities endorse with promises, social impact flag waving · Coin reaches a peak price, where the developer team, whales, and early investors sell & take profits · Prices plummet · Suspicions of rug pulls (fraudulent exits) emerge, but none of this is illegal (Sorry, but not sorry..) · Retail investors (average Joe) suffer the biggest losses Avoid the hype? Register for free now at https://lnkd.in/gREeBagG https://www.youtube.com/@GBAorg/streams This one-hour livestream will be followed by a half-hour open forum for Q & A. Hosted by Gerard Dache & Kevin Jackson, with Dr. Chris Smithmyer and Monika Proffitt Dr. Chris Smithmyer discussing the standards and safeguards needed to ensure token ecosystems are trusted, resilient, and effective for both public and private stakeholders.

• Primary Author of the GBA’s Blockchain Maturity Model (BMM) Token Supplement
• Co-Lead of the GBA Cryptocurrency Working Group
• CEO of Black Wallet Limited, creators of the KIROS stablecoin
• Internationally recognized conflict resolution expert and university professor with 9 advanced degrees
• Author of over a dozen books on blockchain, governance, and law Monika Proffitt explores how startups and investors can engage responsibly in emerging tech spaces, and what governments can do to foster innovation while ensuring integrity.
• Lead of the GBA Investors & Startup Working Group
• Extensive experience working with startups across renewable energy, real estate, and crypto
• Author of Blockchain 101: Fundamentals of a New Economy
• Accomplished educator and global keynote speaker at MIT, CUNY, Notre Dame, and more Emerging GovTech: Tokenomics is sponsored by the CESS Network, a decentralized, Web3-native cloud infrastructure optimized for high-performance data storage, sharing, and management. Designed to power next-gen applications in AI, metaverse, and enterprise use cases, CESS delivers secure, censorship-resistant, and cost-effective storage at scale. BMM Level One Rated – Recognized for meeting foundational standards of blockchain maturity, trust, and sustainability. See less About GBA The Government Blockchain Association (GBA) is a nonprofit (501c6) organization committed to advancing blockchain technology standards, facilitating industry education, and ensuring a trusted, secure ecosystem for blockchain solutions. For more information, visit https://gbaglobal.org/. Register for free now at https://lnkd.in/gREeBagG https://www.youtube.com/@GBAorg/streams This one-hour livestream will be followed by a half-hour open forum for Q & A. For more information contact Bob Miko, [email protected] 203 378 2803 -- Bob Miko GBA Director of Public Relations Editor in Chief/Producer Pacific Dialogue 203 378 2803 [email protected]

PLEASE NOTE THAT THIS IN-PERSON EVENT WILL START ON TUESDAY, 29 OCTOBER, 2024, AT 6:00 PM GMT (LONDON TIME) (2.00 PM EST (NEW YORK TIME)) at G-Research offices.

This event is sponsored by G-Research (Silver Sponsor), First Derivatives plc (Bronze Sponsor), FirstRate Data (Bronze Sponsor), KX, Inc. (Bronze Sponsor), Turnleaf Analytics (Bronze Sponsor), Hudson and Thames (Bronze Sponsor), and Packt (Media Partner).

This event is hosted by G-Research, Europe's leading quantitative finance research firm: We hire the brightest minds in the world to tackle some of the biggest questions in finance. We pair this expertise with machine learning, big data, and some of the most advanced technology available to predict movements in financial markets.

Venue: G-Research, Whittington House, 19-30 Alfred Place, London, WC1E 7EA

Arrival time of 18:00 (London) and talk starts at 18:30 (London).

Seminar will last between 1 to 1.5 hours, followed by networking / food / drinks.

Please note that your Thalesians Meetup profile must include your full name (and the full names of all your guests) in order to be admitted by the venue, G-Research (health and safety regulations). If it doesn't include it, please email it to [email protected] along with your profile name.

FULL TITLE: The Cost of Misspecifying Price Impact

ABSTRACT

Portfolio managers’ orders trade off return and trading cost predictions. Return predictions rely on alpha models, whereas price impact models quantify trading costs. This paper studies what happens when trades are based on an incorrect price impact model, so that the portfolio either over- or under-trades its alpha signal. We derive tractable formulas for these misspecification costs and illustrate them on proprietary trading data. The misspecification costs are naturally asymmetric: underestimating impact concavity or impact decay shrinks profits, but overestimating concavity or impact decay can even turn profits into losses. (Based on joint work with Jean-Philippe Bouchaud, Natascha Hey, Iacopo Matromatteo and Kevin Webster)

REFERENCES

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4465282 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4625040

BIOGRAPHY

Johannes Muhle-Karbe joined the Department of Mathematics at Imperial College London in January 2019 as Chair in Mathematical Finance and Director of the CFM-Imperial Institute of Quantitative Finance. Before this appointment, Johannes held faculty positions at Carnegie Mellon University, University of Michigan, and ETH Zürich.

His research primarily focuses on areas such as asset pricing, portfolio optimization, and stochastic control, particularly in connection with market microstructure and the impact of transaction costs.

Prof. Muhle-Karbe has made significant contributions to the understanding of mathematical models in finance, especially in how investors should optimally trade in the presence of frictions such as transaction costs. His work spans both theoretical development and practical applications, contributing to the broader fields of quantitative finance and financial mathematics. His research and teaching influence students and professionals alike, particularly those involved in the mathematical modeling of financial markets.