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.


What is Tokenization?

27 May 2021 6 minute read 0 comments Chriss

Tokenization → Principle that consists in issuing assets in the form of Tokens, on a Blockchain, giving them a value recognized by its users. Since the creation of the first Stock Exchange of Value in Venice, Italy in 1283 (governed by the State, and...

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26 May 2021 2 minute read 2 comments RalleCrypto

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23 May 2021 1 minute read 1 comment Dapp.com

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From a baby's crawling to a toddler's walking. Announcing Torum’s First IDO Launchpad.

21 May 2021 1 minute read 3 comments Celeb621126

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APIX; Amazing, 600+% up in 24hr?

20 May 2021 1 minute read 0 comments stev77

Even the majority of tokens are facing a red hot sign this week, a few of them are still doing great. Through my learning process of these token today, I found this one, APIX. I think it is the top rising token based on my observation. If it is your...

Defi’s Black Swan: Governance Modeling

20 May 2021 2 minute read 0 comments mt10201

              The majority of the western world is convinced beyond reason that democracy is the supreme form of governance. It is a concept that is instilled in elementary schools across the United States. The concept is so fundamental to social ord...

Staking CUB in CubDefi

19 May 2021 2 minute read 7 comments RuffaRuf

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REVU Public Token Sale starts on May 18th

14 May 2021 1 minute read 0 comments Laurentiu Artugyan

REVU represents a native token on the Cardano network. The foremost benefit while holding these tokens is represented by the money you may save while paying for your subscription charges. REVU tokens may be kept in Revuto Wallet, a simple and secure...

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14 May 2021 2 minute read 0 comments Queenx

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TokenGen: the solution you were waiting for to create your BSC tokens easily.

10 May 2021 4 minute read 1 comment Eliécer Rafael Hernández Falcón

Have you ever had a wonderful idea to create a coin/project, but the Ethereum network high fees never allowed you to undertake it? Then TokenGen is for you. You have just found the exact place to start your crypto project, with the lowest price on th...