Token

550 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.


BrandTokens: Tokenize your brand, Reward your customers

29 Jun 2020 4 minute read 0 comments adriaparcerisas

    Introduction Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need...

5 Unique Tokens You Should Pay Attention For

26 Jun 2020 4 minute read 1 comment Edward Moon

The crypto world encompasses a myriad of tokens designed to introduce elements of blockchain and crypto technologies to legacy systems. As such, the purposes of a majority of these tokens is to eliminate third-parties, override cumbersome processes,...

FC Barcelona managed to sell $ 777,000 in tokens in just 2 minutes and a total of $ 1.3 M in 120 minutes

22 Jun 2020 2 minute read 0 comments Crypto adict (Manu VZ)

FC Barcelona, ​​commonly regarded as one of the largest soccer clubs in the world, today has released a fan token as it uses blockchain technology.   The $ BAR token of the Spanish champions is issued in collaboration with their partner Chiliz, who h...

PayAccept: Where the worldwide payments will be accepted in seconds

22 Jun 2020 4 minute read 2 comments adriaparcerisas

    Introduction Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need...

How cryptocurrency helps big brand loyalty programs

17 Jun 2020 5 minute read 0 comments Kluma

What kind of crypto start-up does Nike work with, how to get a cashback in bitcoins for reservations on Airbnb, as well as Rakuten, Reddit and other world-famous companies that already penetrate the blockchain industryDigital money is becoming more c...

Sapien Wallet

16 Jun 2020 4 minute read 0 comments adriaparcerisas

    Introduction Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need...

Cowrium: A Global Decentralized blockchain Network

16 Jun 2020 3 minute read 0 comments adriaparcerisas

    Introduction Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need...

The differences between the three generations of utility tokens

14 Jun 2020 1 minute read 2 comments Jumble

Introduction A utility token is a digital asset that is necessary to use in a blockchain ecosystem. The utility token is used to purchase a good or service. Utility tokens are used with decentralized applications (dApps). A utility token is not minea...

OIKOS: Decentralized Finance on Tron

11 Jun 2020 3 minute read 0 comments adriaparcerisas

    Introduction Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need...

Artist-based crypto.

10 Jun 2020 1 minute read 2 comments Jandmade

Artist-based crypto. It is nothing new that more and more artists and creatives of all kinds are joining the crypto community in different ways. These are some examples of tokens based on artists and their works. TOKEN DEVELOP. This platform is to...