[kabouseng]

Yes but you still need to trust the central authority then, meaning one person will know everyone's salary (he who generates all the tokens).

If you really want a cryptographic secure process, the key word to begin your journey would be "secure multiparty computation", and a very appropriate example in the book modern cryptography[1]:

[1] https://cs.stanford.edu/people/eroberts/courses/soco/project...

Basically your first solution but encrypt the communication between parties to prevent the n+1 - n attack.

edit - Only say infinite8s reply now, which is almost verbatim my reply including the same link.