Token

531 Articles 17 Followers

A token is a unit of value that represents multiple facets, such as monetary value, voting influence et al, in a blockchain network. Blockchains do not necessarily need a token to function - IBM’s Fabric and R3’s Corda are examples of two blockchains that eschew tokens. 

Although blockchain networks can function without the need for a token, these networks lose much of the benefits that come with the use of a token - user incentivization, for example. However, it is true that some enterprise level permissioned networks would gain benefit from simply deploying a distributed ledger without a token.

Several kinds of tokens exist, though they have informally been categorized as being either utility tokens or security tokens. Utility tokens are those that let a user further avail a platform’s services or products - Basic Attention Token (BAT) is a good example of a utility token. Security tokens are more like traditional investments - these tokens are those for which the user expects some kind of return after a period of time.  

Another important element of a digital token is the fact that it can be used as a virtual representation of a physical or traditional asset, such as gold, real estate and commodities. This has several benefits for the investor. 

By tokenizing a piece of land or gold into fractional, digital units, it allows investors to make a fractional investment in the asset, affordably and conveniently, as they do not have to pay a large sum or worry about maintenance and possession. This is perhaps the most discussed property of tokens.


[ENG/ITA] Splinterlands: As The Market Suffers, so We Do

27 Feb 2025 5 minute read 0 comments Arc7icWolf

La versione italiana  si trova sotto quella inglese  The italian version  is under the english one    As The Market Suffers, so We Do     The title of this post turned out a bit strange, but all in all, I don't mind it, so I'll keep it as it is 😂...

MemeCoin Launch Guide: Token Creation to Marketing an End-to-End Guide for Meme Community.

30 Jan 2025 1 minute read 0 comments Vinn

Memecoins have taken the crypto world by storm, generating excitement, viral trends, and even life-changing profits for early adopters. Now, with BBBPump on XDC Network, you can create your own memecoin in just a few clicks—without coding knowledge o...

How to buy/sell/trade layer 2 crypto tokens in HIVE ?

30 Jan 2025 3 minute read 0 comments Rajat G

How to buy/sell/trade layer 2 crypto tokens in HIVE ? Hive blockchain not only supports Hive and HBD as theLayer1 token but it also have a side chain where reside the Layer 2 tokens in it. With the exception of the few Layer 2 tokens like SPS, D...

India's largest telecom Jio Platforms released reward token

17 Jan 2025 1 minute read 1 comment Keith Thuerk

India's largest telecom Jio Platforms released reward token I try to pay attention to what is going on overseas to feel more well rounded.  In doing so, today I discovered that India’s largest telecom operator’s crypto ambitions are coming to life wi...

5 Tokens on My Radar: AI Agent Narrative - A Geeky Alien's Take

10 Jan 2025 2 minute read 0 comments kleo69

Disclaimer: Hey, this is just my alien research and feelings on the matter, not financial advice. Always do your own homework before making any investment decisions!   Hey there, Publish0x Earthlings! Your alien geek friend here, floating around wit...

Dogen surpasses POPCAT and DOGE as the best performing memecoin this month.

5 Jan 2025 1 minute read 0 comments Adrian Kabat

The surprising memecoin is leading the cryptocurrency world this month, surpassing well-known tokens. The digital currency has outshone popular rivals like POPCAT and the famous dog-themed coin, achieving an extraordinary rise. Its unexpected rise ha...

Crypto Wisdom

3 Jan 2025 1 minute read 2 comments Kriptux

"I only know that I don't know anything." This famous phrase attributed to the famous Greek philosopher Socrates has as its central objective to express his deep intellectual humility and his constant search for knowledge. According to Socrates, true...

It's happening again: fake Squid Game tokens

29 Dec 2024 1 minute read 0 comments LeftFooted

When Season 1 of Squid Game dropped in 2021, herds/flocks/parliaments of fake scammy Squid Game tokens flooded the market and a lot of people lost a lot of money. Well, it's happening again. There's no Squid Game token that's been officially sancti...

How to Claim Free SOL (Solana) You Didn’t Know You Had!

27 Dec 2024 1 minute read 11 comments BreakdownFab

Today, I’m sharing an amazing FREE trick to get SOL (Solana) back into your wallet—effortlessly. If you’ve been active on the Solana blockchain, you could be sitting on unclaimed SOL without even realizing it. Here’s how it works: Every time you add...

Alys human token (part 1)

25 Nov 2024 1 minute read 0 comments crywork

Alys choice   Alys was 23 when she made a decision that would turn her life upside down. Coming from a modest family, she was struggling to make ends meet in an economy where shitcoins (low-value cryptocurrencies) rule precarious employment. When she...