Sirwin
Sirwin

Token

511 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.


You can earn EXD tokens right now

30 May 2022 2 minute read 0 comments Astronaut

A few days ago we talked about EXD (native token of Exorde), concluding the review by mentioning the possibility of starting to earn EXD tokens now. So, how can it be done? And to whom is it available? I have good news — it’s available to everyone!...

EXD - native token of Exorde

24 May 2022 1 minute read 2 comments Astronaut

We recently reviewed the Exorde Protocol which aims to collect and link public data on the Internet in order to fight against the distortion of information during its distribution. So let's talk today about Exorde native token - EXD. It will functio...

Double your chances in 100k Solcial contest

10 May 2022 1 minute read 0 comments Astronaut

As you know, a great Solcial Сontest with prize pool 100 000 SLCL has started a few days ago. I hope you have already participated in it. If so then today I have good news for you on how you can increase your chances of winning. You need to go to th...

Evaluating Tokenomics

26 Apr 2022 4 minute read 0 comments cryptne3d

Have you ever wondered why some of the coins you hold perform worse than others? One of the main reasons that are often overlooked is tokenomics. Even if a project has a good team or a significant investment, it can perform poorly if its tokenomics p...

3air token presale: SOLD OUT!

6 Apr 2022 1 minute read 0 comments Itinerantur Bosniacus

  ‼️ SOLD OUT!‼️ The final round of the 3air Public Presale is officially sold out! We have successfully sold out early with 2,000,000 tokens purchased during our presale. It is no longer possible to purchase any tokens. Thank you to everyone who pa...

A Place To Earn, Mine, and Play Games For Crypto...

6 Apr 2022 1 minute read 2 comments CodyMac50

I have been a member of ES Faucet for over a year, and never was very active because at times the ads they displayed simply overwhelmed my phone.  (If you don't have an account, click the blue link above...we both receive a reward 👍) Now seeing the...

🚀$CAKE overtake $SHIB by token holders number in March

30 Mar 2022 1 minute read 1 comment Dapp.com

😏 $CAKE overtook $SHIB, ranked №1 🥇 by DeFi tokens holders number with 1.16M leading, an increase of 2.86%. $CAKE price +18.5% in March, attracting more traders. More holders further boost the price. 👇https://www.dapp.com/coins/PancakeSwap-cake-B...

«If We Want Everything to Stay as It Is, Everything Must Change». A new ‘gatopardist’ revolution?

23 Mar 2022 2 minute read 0 comments Pol Chain

The world of cryptocurrencies and decentralized finance (DeFi) seems very complex and revolutionary at first glance. It is, but it is still premature to distinguish whether traditional finance (TradiFi) will be simplified or decentralized finance (De...

3air: Why SKALE? Transaction fees

22 Mar 2022 3 minute read 0 comments Itinerantur Bosniacus

  There have been a lot of questions regarding SKALE network and rightfully so. There are always tradeoffs when you decide on a chain, and we’ll try to explain our choice in a few upcoming articles. There are lots of good thing about SKALE but there...

3air: Token presale starting 31st of March

18 Mar 2022 4 minute read 0 comments Itinerantur Bosniacus

Token presale starting 31st of March     As announced, we will be starting our token public presale on March the 31st and run it for 7 days till April 7th. Every participant will have to do a KYC and there will be certain limits on the buying quanti...