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.


Introducing Toadstool

21 May 2020 1 minute read 0 comments Toadstool

Toadstool - Empowering creators and the blockchain   Toadstool is a token built on the Ethereum network.  One of the things that makes it unique compared to other tokens is that it has a staking mechanism.   This mechanism's is named Gauntlet and Toa...

Antisocial Ambassador

12 May 2020 1 minute read 2 comments Manyong'oments

Over the mountains and over the seas Oxygen can be pure, but can also carry a disease Open your heart, to receive unconditional love Open your wallet, to receive a token Open your mind, to receive knowledge Open your life, to receive wisdom Open your...

What is a decentralized autonomous organization (DAO)?

3 May 2020 1 minute read 3 comments Jumble

A decentralized autonomous organization (DAO) is an organization that operates by rules encoded in smart contracts and put on the blockchain. A DAO is decentralized because it is an online community. A DAO is an autonomous organization because: the...

Do I make an App or dApp?

26 Apr 2020 2 minute read 2 comments Jumble

Have an idea for a new application? Great! But should it be an App or a dApp? What is a dApp? A dApp is an app for the blockchain. The “d” is an abbreviation for decentralized. What does the blockchain have that makes it special? A blockchain is a da...

BitTorrent (BTT) Review 2020

22 Apr 2020 5 minute read 0 comments ChangeNOW

Since launching in 2019, BTT has been able to possess the crypto market for a while, and the hype behind the project led to the entire initial coin offering (ICO) selling out within only 15 minutes and raising about $7.2 million in this process. BitT...

How companies can use Brand Tokens to increase their profit

17 Apr 2020 6 minute read 0 comments Brand Tokens

Use Case for brand tokens for a language school franchise. We recently got an interesting inquiry from an owner of a language school franchise based in the UK. The question was quite obvious: ‘How can my school benefit from joining Brand Tokens? Is i...

VeraOne VRO - A stablecoin backed by real physical gold

16 Apr 2020 2 minute read 0 comments PierreL

Whether you're stressed about the current state of the global economy, you've been thinking about investing in gold, you love stablecoins or you're just interested in learning about a new token, VeraOne is for you!   1. The company   In 2009, French...

INVEST HERE S1E1 AND DON'T EVER INVEST HERE OR EVEN SIGN UP

10 Apr 2020 3 minute read 1 comment AndersonFrancis

Hi, Today I bring to you two platforms; one of which is promising and the second should be avoided at all cost. I simply don't get why people will waste their time just to design a fake/scam website. If everyone just used the real platforms this, one...

Your Photo's Value Should Be Worth MORE! Not Just a LIKE On A Social Media

7 Apr 2020 4 minute read 8 comments fycee

Earn Cryptocurrencies From Your Photos No job because of the lockdown? Utilize all your free time in the world by earning money from the photos you share. The photos that we share should be our own photos or from our friends that include you in those...

The co-creator of Grono.net: “Zalando should have its own brand token”

7 Apr 2020 4 minute read 0 comments Brand Tokens

Robert Wesker, the co-creator of the icon of the Polish social media — Grono.net, is currently focused on creating a project connected with the blockchain industry. What has made him decide to do that and what are his plans?             KAROLINA KROP...