Token

506 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.


Being Rewarded For Open Source Contributions

6 Dec 2023 1 minute read 1 comment InsideCrypto

Hi everyone, we are back with another episode of our podcast allowing you to get to know people working behind the scenes of the crypto industry. Today we are joined by Max Howell, the CEO of tea.xyz and creator of Homebrew. Brew was one of the larg...

Venture Crypto Investments: What Are SAFT and Token Warrants

30 Nov 2023 3 minute read 0 comments SimpleSwap

Investing in cryptocurrency projects has evolved. Nowadays, more security measures are being developed to safeguard investors' assets. Take for example the emergence of Simple Agreement for Future Tokens (SAFT), providing scrutiny for both – startup...

The Gold Backed Digital Token Is Here!

3 Nov 2023 4 minute read 6 comments SweptOverNiagara

Thanks for dropping by. Please subscribe if you haven't yet! HSBC Launches Digital Token One of the largest banks in the world with more assets ($3T) than any European bank has announced it is launching Evolve, a distributed ledger technology trading...

Bitget to Delist TOKEN from TokenFi Platform

31 Oct 2023 1 minute read 0 comments COINTURK NEWS

Leading cryptocurrency exchange Bitget has announced that it will delist TOKEN, the native asset of tokenization platform TokenFi, launched by the memecoin project Floki Inu (FLOKI). The crypto exchange has made serious allegations against the Floki...

How to: Donate your $SWASH via Data for Good

26 Oct 2023 2 minute read 0 comments Swash

So you’ve supercharged your browser with the Swash extension, maybe even turned on the ‘Earn More’ feature; The bottom line is — you’re earning while you do all the things you normally would. What now? Of course, you can always withdraw you...

Celebrating International Coffee Day by buying... NO coffee-related tokens

16 Oct 2023 1 minute read 0 comments LeftFooted

Today's International Coffee Day and as somebody who consumes prodigious quantities of caffeine every day, I thought it'd be fun to celebrate by buying a symbolic amount of coffee-related token. However, I soon realised it'd be a dumb idea. Let's b...

Deutsche Bank Offering Institutional Crypto Custody Services, TRX & DOMI in Benefit

18 Sep 2023 1 minute read 2 comments Hanna HHH

  Deutsche Bank is set to introduce secure storage solutions catering to institutional investors seeking to alleviate concerns surrounding cryptocurrency investments. A development that could have ramifications for both established and emerging proje...

Best tips/lifehacks everyone in crypto should know and use

5 Sep 2023 2 minute read 0 comments Bulebule22

Hello everyone. I am in the crypto space for well over 7 years and I woke up with the need to share any tips that I find valuable. Most veterans will know everything that I will share but it's nice to remember some things. For the new people I hope y...

Types Of Cryptocurrencies, Explained

28 Aug 2023 10 minute read 0 comments CryptoManiaks

Key Takeaways: The cryptocurrency market continues to evolve, with new digital currencies constantly being introduced. This brings about new opportunities but also poses challenges for the sector.  Cryptocurrencies have roots in the centuries-old go...

Colombia Embraces Blockchain for Secure Football Ticketing

17 Aug 2023 1 minute read 0 comments Bulebule22

I’ll give you guys a summary of the Cointelegraph article about this a couple days ago: “ Colombia's Football Federation has recently introduced the "Tuboleta Pass," a blockchain-powered app for accessing digital tickets to national football matches....