Sirwin
Sirwin

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.


Lots of bad cryptocurrencies now command exorbitant prices, Bitwise warns. Which ones are they?

25 Mar 2024 2 minute read 0 comments hashlytag

The rise of cryptocurrencies, driven by Bitcoin, has also led to a sharp increase in the prices of venture projects. Investors should approach them with caution. The cryptocurrency market is currently experiencing a meteoric rise, especially thank...

BlackRock launches BUIDL, tokenized asset fund on Ethereum, while the ETF remains on hold

22 Mar 2024 1 minute read 0 comments KMatt

Asset management giant BlackRock has entered the world of tokenization with the launch of BUIDL, a tokenized asset fund on the Ethereum network. The fund, denominated in US dollars, will invest in cash, US Treasuries and repurchase agreements, offeri...

The integration of BTT with AI computing.

11 Mar 2024 1 minute read 0 comments Kriptux

The founder of TRON Blockchain, Justin Sun, announced through a post on the Social Network X the integration of BitTorrent (BTT) with Artificial Intelligence Computing (AI). As expressed by Justin Sun, BitTorrent's global base of millions of users an...

Understanding tokenomics: the backbone of cryptocurrency valuations

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Indeed, in the pulsating heart of the cryptocurrency world, 'tokenomics' is much more than an over-used buzzword; it represents a pivotal framework underlying the effectiveness and the value of the industry's digital currencies. Tokenomics provides t...

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6 Mar 2024 3 minute read 0 comments Footprint Analytics

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Hold Up! Is That New Crypto Project Legit Before You Click "Connect"?

26 Feb 2024 1 minute read 2 comments Cryptofab

Remember how we talked about those potential Linea and Scroll airdrops? I know, exciting stuff! But some of you reached out, though, saying it's tough to trust brand new projects, especially with all the scams out there. That's why I wanted to share...

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14 Feb 2024 2 minute read 0 comments VESTN_io

Introduction VESTN emerged from the challenges prevalent in real estate investment. With a collective experience exceeding 50 years, our three founders have successfully navigated transactions totalling over $180 million. Throughout this journey, the...

Where's All This Money Coming From? Who is behind JUP, TIA, and Other Tokens Given To Early Users?

2 Feb 2024 1 minute read 3 comments Cryptofab

I've been on this wild ride discovering free money through airdrops, especially with projects like JUP, PYTH and TIA. So, you might be wondering, where's all this cash coming from? As I dug deeper, I found that it often stems from a combination of ve...

Which coin / token will gain more than 1000%

29 Jan 2024 1 minute read 0 comments Kenzoo

  Everyone hopes to know and even some parties are fighting for their coins/tokens to be able to gain more than 1000%. But to know and be able to is not as easy as it sounds, so in the end you can only hope that the choice is right this time. That i...

ICE Network - a half-year project will debut on the OKX Stock Exchange on January 19, 2024

18 Jan 2024 2 minute read 1 comment marianomariano68

ICE Network - pół roczny projekt zadebiutuje na Giełdzie OKX już 19 stycznia 2024 roku An interesting token mining project called ICE network has recently appeared in a mobile version. The name of this venture is ICE Network. In fact, I wo...