Distributed cryptographic tokens with downstream administrative control

A system comprising:

• a network interface configured to:
• communicate with a distributed network including an immutable public ledger of cryptographic assets, and
• transmit input by a first user to the distributed network, the distributed network being configured to generate a number of cryptographic tokens that correspond to a smart contract recorded on public ledger,
• wherein further input by the first user to the distributed network causes a first cryptographic token and a second cryptographic token of the number of cryptographic tokens to transfer from a first cryptographic address associated with the first user to a second cryptographic address associated with a second user;
• and
• a memory configured to store a current version of the public ledger and executable code associated with the smart contract, wherein the smart contract restricts further post-issuance transfers of the first cryptographic token from the second cryptographic address to a third cryptographic address associated with a third user based on a specified criterion of the smart contract wherein transfers are cryptographically prevented from executing while the specified criterion is unsatisfied, wherein the specified criterion is a maximum number of cryptographic addresses that can store the number of cryptographic tokens, wherein the maximum number of cryptographic addresses corresponds to a maximum number of users, and wherein transferring the second cryptographic token to the third user would exceed the maximum number of cryptographic addresses.

A non-transitory computer-readable storage medium comprising computer instructions that when executed by a processor, cause a computer system to perform those steps of:

• in response to input by a first user, generating a number of cryptographic tokens that correspond to a smart contract recorded on a cryptographic ledger and associated with a first cryptographic address;
• directing a first transfer, via a distributed consensus network, of a first cryptographic token and a second cryptographic token of the number of cryptographic tokens from the first cryptographic address associated with the first user to a second cryptographic address associated with a second user, wherein the second user belongs to a first class of users;
• and
• restricting post-issuance transfers of the second cryptographic token from the second cryptographic address to a third cryptographic address associated with a third user based on a specified criterion of the smart contract wherein transfers are cryptographically prevented from executing while the specified criterion is unsatisfied, wherein the specified criterion is a maximum number of cryptographic addresses that can store the number of cryptographic tokens, wherein the maximum number of cryptographic addresses corresponds to a maximum number of users, and wherein transferring the second cryptographic token to the third user would exceed the maximum number of cryptographic addresses.