Everything About Tokens - News, Opinion & Price Analysis

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.


🚀 This AMM’s Trading Volume Surged 1210% in March, Stimulating Its Token Price Up 630%

13 hours ago 1 minute read 1 comment Dapp.com

Nerve is an automated market maker (AMM) specializing in trading stablecoins and pegged assets on Binance Smart Chain.   Dapp.com team starts to follow Nerve Finance data at the beginning of March, and witness its social signal, users, volume data b...

Presearch is (finally!) going to change its Rewards Verification System

22 hours ago 1 minute read 3 comments PierreL

I just wanted to give you a quick update on my recent post: Does Presearch think I'm a robot? As often on Twitter, when you complain publicly about a company, they tend to get back to you and address your concerns faster. I sent out a couple tweets t...

Brave browser - the ultimate browser

9 Apr 2021 2 minute read 0 comments kingbearkoef

Brave is an open source and free browser based on Chromium. The company behind is co-founded by Brendan Eich, who created JavaScript and co-founded Mozilla. Brave sets out to take privacy seriously - and it makes sure to block commercials and tracker...

Token Redenomination - What, how and why

9 Apr 2021 2 minute read 0 comments N1CE - The Crypto Experts

At the start of a project, it can happen sometimes that you haven't got a clear idea of how to define the token economics. Other times, you give an unfortunate name or symbol to your token and you want to change that. What In economy, this process is...

LBRY vs SEC: Grow Big Or Go Extinct

8 Apr 2021 3 minute read 0 comments Mandem

Since the Ripple suit, the SEC just filed another lawsuit against a crypto-currency company - LBRY, Inc. and its LBC coin. Actually, LBRY Inc. is being sued by the Security and Exchange Commission since May 2018. According to LBRY CEO Jeremy Kaufman...

A Guide to Understanding Ravencoin

6 Apr 2021 2 minute read 0 comments NOWPayments

Currently, the number of cryptocurrencies in the market is absolutely outstanding. Coinmarketcap’s list features more than four thousand unique cryptos which have different prices and supply. Today, the success of every coin in such a competitive env...

Does Presearch think I'm a robot?

5 Apr 2021 4 minute read 5 comments PierreL

In early 2019, Presearch announced the implementation of a new feature via an article posted on Medium: the Rewards Verification System. In a nutshell, this is an automated algorithm supposed to analyze user behavior and determine whether or not thei...

UniLend AMA Recap on Im Community TG channel

31 Mar 2021 12 minute read 0 comments CryptoTrainee

  Hi Folks! UniLend Finance participated in an AMA session on March 29th on the IM Community TG channel (https://t.me/imcommunityitw) and Vishal Kotahri, UniLend's community lead and Ayush Garg, UniLend's marketing & ops leading were in this session...

UniLend AMA Recap on Crypto Education & Trading Channel

28 Mar 2021 8 minute read 0 comments CryptoTrainee

Hi Folks! UniLend Finance participated in an AMA session on March 26th on the Crypto Education and Training TG channel (https://t.me/teachcryptocurrency) and Vishal Kotahri, UniLend's community lead and Ayush Garg, UniLend's marketing & ops leading...

The difference between coins and tokens

27 Mar 2021 1 minute read 1 comment Sir Loin

Many people believe that the concepts of “coins” and “tokens” are very close and are practically interchangeable. In fact, they mean different things. Digital coins The value of coins is usually based on their own blockchain. This means that they ca...