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.


ICOs: Better safe than sorry

18 Mar 2020 2 minute read 0 comments ScreenTag

You have your real contract, you have your tokens sorted out, now you are ready to go for an ICO. Right? Wrong! Although there is still much work to be done in tech, you need as much legal work, in order not to get yourself in trouble with your ICO....

Can all assets be tokenised?

14 Mar 2020 2 minute read 0 comments ScreenTag

So, let's start with the basics: what is an asset? In fact there are two kinds of assets: tangible (assets that have natural presence) and intangible (assets that don't have natural presence). Let's distinct the two: a book is a tangible asset. The t...

Photochain - Opening the marketplace

11 Mar 2020 1 minute read 2 comments Ykretz

You can see on my previous post about photochain that there was a problem about their marketplace. When I wanted to try to buy a photo on photochain I had this message In my quest for understanding, I send them a message. And there is the conversati...

Did you get kicked by KickCoin?

7 Mar 2020 4 minute read 5 comments Creepto

  TL;DR Is KickCoin token a scam? YES. About a month ago, a new token found its way into my Ether wallet. 888,888 "Kick" tokens appeared out of thin air. I googled a bit, and found an article from Kick explaining that they decided to airdrop tokens t...

Create Your photochain profile

5 Mar 2020 1 minute read 4 comments Ykretz

This is the following of my first post about Photochain. Today I will explain you how to create your profile on it. But first I will tell you how was this website at its first year. At first, Photochain had his own Etherum based token names Photochai...

Using Blockchain for the Securities Industry – Part 2

5 Mar 2020 2 minute read 2 comments beachbummer

In Part 1, I described the characteristics of the Custodian and the Client within the blockchain model. In Part 2 here, I will describe some of the vital pieces left in the model: namely token transfer and ICO/ITO.  Click here to read Part 1 Token Tr...

The richest Russian has the central bank's approval to launch its own cryptocurrency

3 Mar 2020 1 minute read 0 comments DonMorello

Vladimir Potanin, the richest Russian, plans to launch his own blockchain platform and token. This should allow holders access to different functions. The richest Russian will have his own cryptocurrency / ICO Russia will have a new cryptocurrency pl...

When coronavirus kills, investors earn. A shocking cryptocurrency

22 Feb 2020 1 minute read 2 comments Anunnak100

The number of deaths in coronavirus exceeded 2,000 China among others disinfect banknotes so that it spreads more slowly. They do everything to minimize image and economic losses. Sometimes, an epidemic becomes a source of income, not only due to the...

Crypto Coins vs Tokens: Differences Explained

21 Feb 2020 3 minute read 11 comments DimitarM

Hey guys, I decided to make such an article because I'm sure not everyone is aware of the difference and is good if everyone is well informed in order to understand the crypto. My target here is to offer a simple explanation that everyone can perceiv...

Chiliz To Release 40 Million Barca Fan Tokens In 2020

18 Feb 2020 1 minute read 0 comments mrnsaydou

Blockchain platform Chiliz are set to release 40 million Barca Fan Token according to a report from the Spanish football club website. Chiliz had earlier made waves when it agreed a strategic partnership with Barcelona.  The partnership which was Bar...