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.


Meta MVRS Token aims to help investors find an easy way to invest in a trio: NFT, Metaverse and Crypto with ease

14 Jan 2022 2 minute read 1 comment Azertyswe

It’s hard to go online these days without seeing someone yelling about the metaverse, whether in rapture or derision. Depending on whom you ask, it’s the inevitable future of the Internet or a billionaire’s flight of fancy; a gaming utopia, an “infi...

BCH Investment didn't Need Fiat Conversion, Easy way to Multiply Your BCH

8 Jan 2022 3 minute read 0 comments BlueFlipper

Hey Everyone noiser, reader and Pblish0x users! Today I am feeling lucky and excited being part of #BCH Community. Although I was absent from read.cash community for many days because I was busy in learning to make a good investment through BCH. It i...

The latest staking product on Binance

26 Dec 2021 1 minute read 0 comments LeftFooted

There's a million platforms you can use and people tend to have polarised opinions on this and to be honest, I don't really see why. Broadly speaking, you go to places like Coinbase or Binance, which are very obviously more centralised, when you want...

BitMEX Launches Its Token: Get 5 BMEX For Free!

22 Dec 2021 1 minute read 2 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

BitMEX is one of the historical exchanges of the crypto landscape. Later, precisely due to not being able to offer new products (see Binance, FTX or Crypto.com), the trade volumes were seen to decrease.What could be a way to relaunch? What could be t...

Cruzeiro Fan Token - Launch this december

21 Dec 2021 1 minute read 0 comments Superdupa

Cruzeiro Esporte Clube, one of the most popular Soccer clubs from Brazil starts selling it's fan token.   Cruzeiro Esporte Clube Cruzeiro Esporte Clube is a Brazilian sports association, headquartered in Belo Horizonte, Minas Gerais. It is considered...

Brinc.fi Launches on Ethereum to Solve DeFi's Unsustainable Token-Economics

9 Dec 2021 2 minute read 0 comments Crypto Guys

With over $204 billion in TVL and market dominance of 6.0%, decentralized finance [DeFi] has experienced an exponential rise in interest and value. Dispelling the need for central authority systems, this nascent crypto trend rewards token holders wit...

🤑😎💵DECREASE COUNT, TOWARDS THE DECENTRALIZATION OF ALL SYSTEMS.3️⃣2️⃣1️⃣😋

8 Dec 2021 3 minute read 0 comments Rei das Fadas

leave your like now and follow the page🤑👌👍 Every story has a beginning, but what I like most is the end.   Paradise, Maldives, oasis is what the creators of the digital universe have created for us for decades, a world apart from the world in whic...

Ravencoin RVN: A PoW Blockchain For The Exchange Of Digital Assets

8 Dec 2021 2 minute read 1 comment 2sats

*obligatory not financial advice*   What is Ravencoin? Ravencoin is a proof of work blockchain whose entire purpose it is to efficiently send various digital assets from one party to another one without middle man. This means that Ravencoin can be us...

BCHPAD is still undervalued and has a great future ahead but why?

7 Dec 2021 2 minute read 0 comments cybercrypto

Since Web 3.0 started many developers has shifted their job from making apps, website, or working in companies in a centralized manner to start developing Decentralised apps or Decentralised platforms on a Blockchain network. Seeing the potential of...

I bought a house in Cleveland and one in Chicago… on Upland. Does anyone own anything on Upland?

6 Dec 2021 1 minute read 13 comments LeftFooted

I’m not much of a gamer but I am a crypto envagelist, and one of the few games I actually liked was [The] Sims. I learnt about the existence of Upland, a platform/game where you can own properties on the EOS blockchain and I immediately decided to gi...