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.


Exchange coins - should I buy them?

29 Nov 2020 1 minute read 1 comment Kattt

Many exchanges offer their own tokens that are not purchased on other crypto exchanges (there are exceptions, for example, BNB from binance) Does it make sense to buy them? For example, the yobit exchange offers its own YO coin. What are its benefits...

🎤 Will You Invest in Rapper Lil Yachty’s Social Token on Ethereum?

23 Nov 2020 1 minute read 3 comments Dapp.com

  The 23-year-old American rapper as well as Grammy nominee, Lil Yachty, announced on Twitter that he was going to mint his own social token on Ethereum blockchain, joining hands with a social dapp called Fyooz.      There are different types of cr...

BAEPAY — The First Real Reward Token

23 Nov 2020 3 minute read 0 comments Art

  BAEPAY ecosystem The BAEPAY token is a governance, rewards and in game currency token, it does not and will not function as a security stock or any other financial device. Abstract At time of writing this we are in a moment of an extreme crypto bo...

PROBIT exchange overview

22 Nov 2020 1 minute read 0 comments liorezal

New cryptocurrency exchanges are launched regularly. They compete with each other for the attention of active traders. As a result, service is continually being improved, and new functions are being introduced. The more quality exchanges there are, t...

"The Faith Of The Harvest Team" (Matrix inspired)

10 Nov 2020 12 minute read 1 comment ScryptForce

The Faith Of The Harvest Team Once upon a time, there was a chad, a simp, and a doomer. The chad had the name of Alexander and was very tall, muscular, including a very strong jawline. Alexander's special interest was to hang around with two of his...

TOYOTA... Token?

10 Nov 2020 1 minute read 1 comment mvictori4

  The huge company Toyota is evaluating the implementation of its own token [Toyota coin Token]. From Toyota they clarify that said currency cannot be exchanged for Japanese yen, and they will test the scalability of a p2p model on the Blockchain....

Coins, Tokens, and Altcoins: What’s the Difference?

8 Nov 2020 4 minute read 10 comments MintDice.com

The different terms thrown around the cryptocurrency world have drummed up a lot of confusion. What’s the difference between a crypto coin and a crypto token? What is an altcoin and why are they referred to as cryptocurrencies? In many ways, the cryp...

DeFi Tokens Continue To Dip As Bitcoin Price Keeps Rising

5 Nov 2020 1 minute read 0 comments CryptoBrowser

Bitcoin Records Its Highest Price Value Since January 2018 The hype around the newly-emerging DeFi sector which skyrocketed some projects to the moon, seems to have cooled off as token prices of some of the hottest assets in DeFi are falling down. H...

🚗Buy Tesla Stocks with Crypto? FTX Makes It Possible

3 Nov 2020 1 minute read 5 comments Dapp.com

On 29th Oct, the leading cryptocurrency derivatives exchange FTX launched an innovative trading product, tokenized equity, which means tokens representing the stock shares of some top global companies.    FTX partnered with a German company called D...

Make your custom ERC20 Token

2 Nov 2020 7 minute read 1 comment 4NDR34

Well, this might sound not the greatest news for the most expert (so if you are one probably you don't need to ready the article) but finally I managed to deploy my custom ERC20 Token on mainnet. So I thought I would briefly share the process with yo...