Token

111 Articles 1 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.


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2 Jun 2019 1 minute read drlove $1.39 tipped

June 4th confirmed: Release Date & Block Number The Syscoin Platform development team has confirmed the previously announced date of June 4th, 2019! As block times vary (usually between 55–65 seconds per block), the block number has been slightly adj...

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2 days ago 4 minute read Phabulu $0.08 tipped

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2 days ago 1 minute read LiteLiger $0.04 tipped

It’s been problematic two weeks due to Ethereum network being congested with lot of transactions from Tether, making fees go above 20 cents at times for simple transaction, this has slowed significantly the rate of claims for Ether Clown Gas drop an...

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2 days ago 1 minute read Soyunasantacruz $0.02 tipped

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1 week ago 1 minute read Medal182 $0.06 tipped

The SWISSBORG project is a token from the ethereum erc-20 network, which at the time of this writing is worth 0,00008007 ETH and 136 satoshis BTC.   Is being traded on exchanges: Kucoin Hitbtc Livecoin Idex Yobit To guarantee your share of this ha...

Four Real Estate Coins/Tokens

2 weeks ago 1 minute read tsakf $0.32 tipped

Cryptocurrencies, are tokenising, various business sectors. We can find more than one coin. for most business sectors today. In this article, we will look into four coins/tokens, that are traded on exchanges, with focus, on Real Estate.   Propy    ...

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3 weeks ago 2 minute read cryptofiend $0.11 tipped

  As many tokens on the Steem Engine market (steem-engine.com) are performing in the red along with the price of STEEM this cannot be said for the Hobo token that is up 371% for the day.  Why Care About Owning HBO tokens? The daily contest and reward...

Social Network Memo Adds Decentralized SLP Token Exchange

21 Aug 2019 4 minute read aymendenoub $0.15 tipped

The Simple Ledger Protocol (SLP), a token creation system built on top of the Bitcoin Cash (BCH) network continues to mature as developers have released a number of third-party applications that support SLP tokens. Now the onchain, BCH-based social n...

Spain: LaLiga Santander signs an alliance with the GCOX cryptographic company

21 Aug 2019 1 minute read MonoBlack $0.06 tipped

The LaLiga Santander football competition has plans to launch its own token, which will allow it to offer new products and alternatives for football fans.   --- The First Division of football in Spain, LaLiga, is entering the crypto and Blockchain ec...

New Cryptocurrency Coin called Burn...Fictional!

15 Aug 2019 1 minute read minehunter007 $0.16 tipped

For far to long have people been allowed to create new crypto/tokens.This has to stop and I believe someone should create a type of crypto/token that allows people to burn anything relevant, I believe that this will createa balance that's needed for...

Ethereum DEX and early bird for Publish0x only!

9 Aug 2019 2 minute read Cal_tv93 $0.13 tipped

So today I wanted to do something special for the Publish0x community and that is giving an insight and early bird on the Token that the exchange will issue. We do this because we would like a little bit more funding before we start so the exchange w...

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9 Aug 2019 4 minute read minehunter007 $0.15 tipped

1st of all, I am not looking into the history. This is just me and my recollection of how BTC came to be what it is now!This post isn't just about BTC, it's about all the crypto out there and the idea that new crypto is suppose to be worth something...

The evolution of Rondo

6 Aug 2019 1 minute read Rondo $0.16 tipped

Hello one and all, great to let you know about this project RONDO, having had this idea to build a platform for 6 years, that can truly benefit emerging artists in a meaningful and tangible way.   Over the years Rondo has supported over 300 artists o...