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Dual tokens

By Jandmade | Jandmade | 19 Jun 2020


Dual tokens are a good way for a project to grow in a more secure and reliable way, but what exactly are they? A dual token is developed by the same project dividing its token in two. One for the purpose of raising money for the project, with an economic value, including an investment. The other token resulting from the duality is created in order to be used in the processes on the network or on the project platforms and that depending on its use has no more value than its usefulness. This way of creating dual tokens solves two problems that can arise when creating a project, such as legal regulations or the development of the project without having to depend on the economic aspect in addition to helping the decentralization process. One of the best known examples of dual tokens is the case of Maker (MKR) and DAI Stablecoin where both are created by the MakerDAO project.

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Jandmade
Jandmade

I'm a professional illustrator. More than 30 year experience Based in Galicia


Jandmade
Jandmade

I am a professional illustrator with proven experience in different fields of plastic arts, creativity and design. Interested in art in the world of cryptocurrencyies.

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