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.


REVU Token From Revuto - The First DAPP Of Cardano (ADA)

7 May 2021 3 minute read 8 comments fycee

A great strategy indeed! Waited to land within the top 10 at the 7th place just a few hundreds of Millions of Dollars below the top 6, Cardano (ADA) onboarded its first-ever decentralized app that involves tapping the subscription of the Top Brands....

STLX Stellia Token News

7 May 2021 1 minute read 0 comments Wexd

                                                                                                                ¿Do you like new crypto projects?            Since few years ago Stellia Online platform its growing.          Maybe its time to take a lo...

Get 100% Cashback On eBay With The SocialGood Token

7 May 2021 1 minute read 2 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

With a network of over 1,800 resellers, the SocialGood app tries to offer a cashback-based business model.In an effort to eliminate economic inequality, the Social Good Foundation is proud to announce a framework that helps anyone accumulate digital...

The Difference Between Coins vs Tokens — An Easy Guide

4 May 2021 1 minute read 2 comments NYC Adriana

Cryptocurrency has two forms: coins and tokens. While both can be bought on exchanges and stored together in the same crypto wallet, they are not quite the same thing. The main difference being that although either can act as a form of payment, a coi...

What the fork are these tribes ?

30 Apr 2021 4 minute read 0 comments Ykretz

This post is due to a comment from @imtase on one of my lastest posts on Hive His comment was about the different tribes on HIVE. Obviously I don't know them all and this post will only be about the ones I know and mostly about the ones I use more or...

Syscoin 4.2. Lux Token Platform Leading to Major Adoption

27 Apr 2021 4 minute read 12 comments drluv

As the release of Syscoin Lux 4.2. is less than 4400 blocks away and estimated to go live approximately on April 30th 2021, 5:40:53 pm (UTC), it is time to summarize the unique top features that make it stand apart from all others and that will more...

@bitandi buys "DeFi For You" Token and staking (DEU-ENG)

22 Apr 2021 1 minute read 0 comments bitandi

Hallo Token Fans und Investeure. Ich habe mir heute mal wieder einen neuen Token über die Binance Smart Chain BSC gekauft. Es geht um das Projekt: DeFi For You Sie schreiben sie wären die erste Platform auf der man NFTs leihen und verleihen kann. Ic...

🚀 This DeFi Protocol TVL Gained 303.48% in A Week, Who Lost TVL Last Week?

19 Apr 2021 1 minute read 0 comments Dapp.com

    Top TVL Gain - Liquity Protocol Liquity Protocol’s TVL sharply increased by 303.48% from $602.26M to ATH $2.43B in just a week.   Its utility token $LQTY’s price also increased by 89.9% in the past 7 days.   Other TVL Gains: Venus Protocol +6....

🚀 This AMM’s Trading Volume Surged 1210% in March, Stimulating Its Token Price Up 630%

12 Apr 2021 1 minute read 1 comment Dapp.com

Nerve is an automated market maker (AMM) specializing in trading stablecoins and pegged assets on Binance Smart Chain.   Dapp.com team starts to follow Nerve Finance data at the beginning of March, and witness its social signal, users, volume data b...

Presearch is (finally!) going to change its Rewards Verification System

12 Apr 2021 1 minute read 10 comments PierreL

I just wanted to give you a quick update on my recent post: Does Presearch think I'm a robot? As often on Twitter, when you complain publicly about a company, they tend to get back to you and address your concerns faster. I sent out a couple tweets t...