Token

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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.


The Future of Tokenization: NFTs And More

20 hours ago 1 minute read 0 comments idiosyncratic

The bear market may make us forget the fact that tokenization has been non-stop happening regardless of the market conditions. From e-commerce to social media, people are trying to make their digital presence as useful and accessible as possible. Mea...

All About Security Token Offering: New Market Offers, Crypto Investments and Private Sector Support

19 Nov 2022 4 minute read 0 comments SimpleSwap

In the middle of 2022 a “collapse of the cryptocurrency market” happened, which led to the development of new business models. Needless to say, the global financial crisis has caused the fall of all types of assets, not just crypto, and a huge increa...

Two-thirds of Crypto Currency

13 Nov 2022 3 minute read 0 comments Alther

In conventional currency, it is customary to know the terms of two sides of a coin. Where from the physical form it does have a different formation on each side. Whether it's in the form of coins or paper, conventional currency or known as fiat curre...

My Strategy to create and evaluate Tokenomics

3 Nov 2022 6 minute read 5 comments MikeZillo

Web3 and decentralization are bringing Tokenomics to the next step.  What I take into consideration when designing a Tokenomics from scratch or when I am asked to evaluate one? Tokenomics is a neologism merging Token & Economics. Token is not a...

IMPT: An Eco Friendly Token

20 Oct 2022 1 minute read 0 comments D3v3l

A green crypto effort called IMPT links investors who care about the environment with businesses that promote green causes. It has partnered with many retail companies, allowing investors to get IMPT tokens in exchange for making purchases at thei...

StealthEX Crypto Newsletter — Issue #32 Living in a Tokenization

17 Oct 2022 1 minute read 0 comments StealthEX

Crypto tokens are not only easily manageable standard tokens on selected networks but also powerful tools for payment, reward, gaming, information storage and much, much more. The space has been talking about tokenization for years, but what can you...

Namsu Token Related Merchandise

17 Oct 2022 1 minute read 0 comments Namsu

Namsu Token is a new token in its early stages, but it will undoubtedly cost a lot in the future because I have a plan to make it huge, but it is a secret that I can only share with someone willing to buy some. If anyone wishes to talk, please leave...

The transition is here: how business will work in the near future: DAOs explained

1 Oct 2022 5 minute read 0 comments elena_did

We are all sick of the 9 to 5 schedule that we must face whatever job we choose in our career. It doesn’t matter how much you love your work, your freedom is being taken in the moment you put your foot on the office floor. Luckily, with today’s advan...

ETHERMAIL: The Blockchain mail

28 Sep 2022 1 minute read 2 comments D3v3l

Ethermail is an email that works on the blockchain and that wants to be the communication standard on the Web3. According to Shant Kevonian and Gerald Heydenreich, its developers: "We are building the bridge between web 2.0 and web 3.0 email communi...

The BIG QUIT is already among us: are you "earning" money or "making" money?

7 Sep 2022 9 minute read 19 comments SirGerardThe1st

All my gratitude for Metropolis by master Fritz Lang, filmed in 1927, from where I took all the images in this post Welcome my son Welcome to the machine What had you dream? It’s all right, we told you what to dream… (Pink Floyd, Wish You Were Here...