Sirwin
Sirwin

Token

511 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.


History lessen! (personal thoughts)

9 Aug 2019 4 minute read 1 comment dvs007

1st of all, I am not looking into the history. This is just me and my recollection of how BTC came to be what it is now!This post isn't just about BTC, it's about all the crypto out there and the idea that new crypto is suppose to be worth something...

The journey of starting a Ethereum decentralized exchange

5 Aug 2019 2 minute read 1 comment Cal_tv93

So I really haven't spoken much about this project, but now its time because of its closing in on getting launched. Today its 4 months ago since I opened the idea of starting a decentralized exchange on the social network Uptrennd and the future plan...

Interview with Brapper Token CEO, MCX

4 Aug 2019 1 minute read 0 comments LiteLiger

Interview with Brapper Token CEO Yesterday i had the pleasure to sit down with CEO of the new Brapper Token that has been making some very impressive gains and exchange listings in just matter of two months. In this interview ill talk about the ince...

Brazilian guitar Player - Gustavo Guerra

31 Jul 2019 1 minute read 0 comments PH-X

Hello guys, In this post I'll be sharing one of the best guitar players of Brazil, Gustavo guerra.   ¨NBSP;   https://www.youtube.com/watch?v=6P_FvWqpCZk Gustavo Guerra, born in the city of Curitiba - Paraná, a professional musician for 15 years. He...

What if you could choose what you got ?

30 Jul 2019 2 minute read 3 comments Cal_tv93

So the big question is, what would you choose if Publish0x added that you could choose one token to get paid/tips in on your post which one of them would you choose to get tips in? Please leave your answer in the comments down below and why you would...

What is Project Bounty0x ?

29 Jul 2019 2 minute read 0 comments PH-X

Bounty0x is a cryptocurrency bounty huntingplatform. Earn cryptocurrency and tokens by completing simple marketing, software development, and creative tasks. What is BNTY used for? BNTY is the standard for online rewards and micro-tasks, an indus...

What is Project Hydro ?

28 Jul 2019 2 minute read 0 comments PH-X

The Life of the New Global Decentralized Economy Hydro is an open-source project, with a global community dedicated to simplifying blockchain adoption.     Project Hydro is an open-source project that enables new and existing private systems to seam...

Welcome Juriscoin!

24 Jul 2019 5 minute read 5 comments juriscoin

Hello guys! We need the help of this community to define the best strategy for the token distribution project created and project improvement. Which is? Juriscoin is a token created in the Waves ecosystem. The purpose of the token is to foster a priv...

What is Tronix cryptocurrency: More information about tronix, a coin for allowing content creators earn from their data on tron network

23 Jul 2019 3 minute read 0 comments QuintoTrader

              Tronix is a native  cryptocurrency created on Tron blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized. Tronix was first created as a toke...

Team Intro - Convergence of 4 Dimensions LLC CEO : Andrew Prell

22 Jul 2019 1 minute read 4 comments CryptoSon

If I am funding or hunting as an ICO Expert, most of time I am looking for team history. This time somehow I choose Droid for the purpose and just opened team page. Well , most of time I saw lots of team members with not good experience or not well k...