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.


Universal Coin Closure

10 Jun 2019 1 minute read 0 comments Seperot

Last week I posted about Universal Coin and how I think it's an interesting project worth taking a look at. Sadly yesterday they announced they are closing the project down, they posted the statement below: It is with deepest regret that we announce...

Project Miracle Tele. Receiving rewards every two weeks !!!

7 Jun 2019 2 minute read 0 comments dimonbuton

Hello everyone, today we will get acquainted with the project that will be in demand, as it is already making a profit! And with the development of technology and team ideas, we will see in the near future the seizure of the market and the growth of...

Getting Rewards for Holding a Waves Token!

7 Jun 2019 1 minute read 0 comments Redfishcoin

  The following Waves Token gives you a reward for holding it in your Waves wallet! This three Token is a project worth to try and cheap to hold and buy! REDFISHCOIN A Waves token since 2017 giving monthly rewards for holding! Giving you complete c...

A blockchain technology that Rewards both The Rich and the Poor is worth Paying Rapt Attention to.

5 Jun 2019 4 minute read 0 comments Ayobami99

Blockchain Technology and FinTechs The blockchain Technology is cutting edge and revolutionizer in the financial tech industry. Its security is unprecedented as it has proven resistance to all form of brute-force attack and double spending. It has al...

Have you heard of Universal Coin?

4 Jun 2019 1 minute read 4 comments Seperot

What is UniversalCoin? To direct quote the UniversalCoin team: "UniversalCoin is a digital currency with a difference - it will be distributed completely free-of-charge, and everyone has a chance to participate and get their fair share. All you need...

Redfishcoin Keeps on Going UP!

4 Jun 2019 1 minute read 0 comments Redfishcoin

Redfishcoin, a Waves token created since 2017 and continue to give rewards to its holders and in the coming years to come! I do remember back then that Redfishcoin value was just $0.03 each and many don't have the guts to join but they keep on sel...

Syscoin 4.0 Hardfork Launch Date Confirmed: The Countdown is On!

2 Jun 2019 1 minute read 5 comments drluv

June 4th confirmed: Release Date & Block Number The Syscoin Platform development team has confirmed the previously announced date of June 4th, 2019! As block times vary (usually between 55–65 seconds per block), the block number has been slightly adj...

Redfishcoin Stockholders Payment Report

25 May 2019 2 minute read 0 comments Redfishcoin

  Redfishcoin is a verified Waves Assets of Steemit Redfish Community. Monthly Steemit shares are the way of giving back to the community rewarding the Redfish Stockholders since 2017   Redfish Service and Rewards Steemit PublicationMedium Pub...

📣 Ethan CEO of Crowdholding - Earn Crypto by giving feedback

24 May 2019 8 minute read 101 comments Cyril

Today the presentation is from Ethan the CEO of Crowdholding.com - Crowdholding is a marketplace connecting startups, projects, and businesses with the community, the crowd. People can get paid, in crypto, to help the different projects listed on th...

The new CREA Tokens on Creary.net

23 May 2019 2 minute read 3 comments Creary

    The new version of CREA incorporates several technical advances and multiple implementations on Creary. In this post we will focus on explaining the operation of the new digital assets: CREA ENERGY (CGY) and CREA DOLLAR (CBD).How to get CREA? Use...