Sirwin
Sirwin

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.


IDEX KYC starting July 24,2019

18 Jul 2019 1 minute read 1 comment kryptonja

Hello everyone Idex Exchange will begin to do KYC verification follow  the link below for full details by the team. I have foiund a lot of hidden gems on this website through out the yrs. Im glad i can still trade even if it is with a limit at least...

How did I join the ENTREPRENEUR community? by @nachomolina

14 Jul 2019 1 minute read 2 comments nachomolina

As I found the INTREPRENEUR? Community, it was easy, I WAS GUIDED BY YOUR BRIGHTNESS! :) ... I was browsing my blog on steemit.com and found the official post of this community sponsored by users @intrepreneur and @crystalhuman. I was very emotional...

Difference Between Coins and Tokens

8 Jul 2019 2 minute read 4 comments Sykt

Coins and Tokens both are cryptocurrency.But they refer to two completely different concepts.There are quite a few difference between them.So why many cryptousers confuse coins and tokens and what is the crucial difference between them? Before unders...

IX Wallet the super wallet to hold your coins and earn dividends

8 Jul 2019 1 minute read 0 comments josevilla774

  Ix wallet, is a super wallet that pays dividends for holdears our currencies and will pay us with its ixt tokens that is only enabled in the platform and that had an initial price of 0.30 and now I already reached a price of 1.60 and will continue...

RecordsKeeper (the Open-Source Public Platform for Record Keeping.)

3 Jul 2019 1 minute read 0 comments Batte Billy Jackson

Hello hunters, Today I would like to talk about the RecordsKeeper platform. This is an Open-Source Platform for Record Keeping & Data Security. As we all know that booking can be a big challenge to most of us. This is the biggest Chagall to most...

Everything you need to know about iFinex’s Unus Sed Leo (LEO) Cryptocurrency

25 Jun 2019 6 minute read 11 comments Jeremy Wall

Exchange utility tokens appear to be the hottest new thing in crypto and they are being touted as the ultimate safe bet. Following the ICO boom of 2017, several cryptocurrency exchanges discovered a new opportunity to raise funding by issuing their v...

Arena Match Gold - Esports Token For Skill Wagering

24 Jun 2019 3 minute read 0 comments LiteLiger

Esports Token For Skill Wagering Today i will be doing an IEO overview of Arena Match Gold (AMG) an ERC20 Token operating on the ethereum blockchain. Supplied with special Enjin ERC 1155 tokens as well which can be used on many functions on their pl...

How To Withdraw Bounty0x (BNTY) From Publish0x

15 Jun 2019 1 minute read 10 comments AtomCollector

  Many of us have been using the Publish0x platform (my referral link) since it launched and as they have switched to rewarding posts with HYDRO & DAI now it's probably worth withdrawing the BNTY that you have accrued. To do this go to your payments...

New Global Trend

13 Jun 2019 4 minute read 0 comments fulghum

 Large investors want for new sales of coins or tokens (ICO) to have proceeded under existing regulatory rules. It is evident that regarding the ICO, it is mostly an investment in a company from which the investor expects profitable business, the gro...

Performance TokenDomains

13 Jun 2019 1 minute read 0 comments fulghum

Our domain bundles are a good investment for diversifying investments. If you want to be really visible and want to be on the top results of a search engine, then buying a domain package is the right choice for you. Domain type: www.sellingbyciclebec...