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.


ARNO Token to be listed on Indoex.

26 Sep 2021 1 minute read 1 comment Okane Satoshi

ART-NANO (ARNO) Token Will be listed on OCTOBER 1, 2021 ARNO this is a real NANO Technology Project for INVESTMENT A project that exists in physical reality with high liquidity.     Real business The ARNO project is based on the high-tech developmen...

Own Real Estate on Mars! NFT style!

25 Sep 2021 1 minute read 0 comments TheCryptoDan

What’s cooler than crypto, space and NFTs? It has to be the Mars4 Metaverse! One of the newest contenders in the Play-to-Earn (P2E) space is Mars4. With NFT games like Axie Infinitie, Illuvium, Decentraland and the Sandbox generating billions in mar...

Create Cryptocurrency Token in Almost Any DeFi Ecosystem Without Programming

18 Sep 2021 3 minute read 12 comments 0fajarpurnama0

I will straightly write that we can issue our own tokens on Ethereum and other related ecosystem without the need to absolutely know anything about programming. Although it can be tiring for people who are less literate in computers but all we need t...

SPLINTERLAND: MY FIRST WEEK IN THE GAME

7 Sep 2021 3 minute read 2 comments stev77

It's been about three months since I was aware of the splinterland game, within all that time I didn't set aside my time even 30 minutes to learn and to play this card game. The only thing I managed to do in that period was to open an account and tr...

Der BOOBS Token ist endlich da - The BOOBS token is finally here - (DEU-ENG)

6 Sep 2021 1 minute read 1 comment bitandi

DEU Hallo Leute. Der neue Token ist herausgekommen, auf den wir schon alle gewartet haben. BOOBS Es ist ein Utility Token mit BOOBS NFTs. Das sieht super aus 🤣 Die Crypto Welt ist verrückt. Und dann kann man die Bestimmt staken und dann wachsen zusä...

Bitcoin Vs. Crypto Tokens: The Differences Explained!

1 Sep 2021 4 minute read 0 comments Umar Rafaqat

Cryptocurrencies, like Bitcoin, are the most popular type of digital currency in the world. But what is the difference between crypto tokens and Bitcoins? This article will explain how Bitcoin and cryptocurrencies work and give a brief insight into t...

MAGMA TOKEN - WHITEPAPER V1 (Blog Version)

26 Aug 2021 1 minute read 0 comments TokenOnFire

Introduction Magma Token (MAG) is a decentralized token that is fully controlled by its community. Tokens will be airdropped to several people who participate in the airdrop events with the confidence that it will be accepted and have a purpose. Why...

📉📈 Price Movements of These 4 Tokens Align Perfectly with Their Dapp Performance Data

25 Aug 2021 1 minute read 0 comments Dapp.com

  We have introduced how you can use Dapp data to capture the bullish and bearish signal of a Dapp token. Today we are looking at 4 dapps. All of them have experienced user/volume data changes that exactly influence their token prices.   Harvest Fin...

Success of 0xPunchline Farm

23 Aug 2021 1 minute read 0 comments 0xPunchline

0xPunchline farm has been a great success! It has helped to bootstrap PUNCH token liquidity a lot, There is right now $80k of PUNCH liquidity staked in the farm!   But the farm is causing PUNCH token inflation... Hence we have decided to shut down th...

How to buy PUNCH?

21 Aug 2021 1 minute read 0 comments 0xPunchline

  Step 1: Open PancakeSwap via special link: PancakeSwap Click here to buy PUNCH on PancakeSwap You can also copy this link: https://exchange.pancakeswap.com/#/swap?outputCurrency=0x8f661a8698DCa0A0256b68C6E4fBF235bBFa6281 and paste it in your DApp...