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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.

Trading Redfishcoin and Coming Monthly Shares

21 Apr 2019 1 minute read 0 comments Redfishcoin

  4 days more and the monthly shares distribution will be given to our valued supporters, investors, holders, and community members! Since 2017, Monthly shares became a brand of Redfishcoin and the community. As of the Moment, Redfish value in t...

Only if you Know it's True Value

18 Apr 2019 1 minute read 0 comments Redfishcoin

  Redfishcoin is a Waves based token of Steemit Redfish Community that since 2017 are actively on giving our service, especially on Monthly shares to our valued holders who gives the value of our token! Claim as many tokens as you can here http...

Visit and Get Rewarded

16 Apr 2019 1 minute read 0 comments Redfishcoin

    Redfishcoin and the review Visit our website and learn how redfishcoin works. One of the articles mention about getting Rewards by giving a review on bitcointalk.., Visit and read how to get rewards by giving a review, j...

Understanding Syscoin 4 in 60 Seconds or Less! UPDATE ADDED!

13 Apr 2019 2 minute read 0 comments drluv

Syscoin 4, on test-net now and its release anticipated during Q3 of 2019 will provide a two-way bridge to Ethereum which will utilize the SYSX ERC-20 token to represent Syscoin ($SYS). While the Ethereum bridge is only the first of the bridges to be...

WavesSHARK, Featuring Redfish Rewards!

11 Apr 2019 1 minute read 0 comments Redfishcoin

WavesSHARK TOKEN COMMUNITY NODE GROUP It is a small group of Waves based token aiming to grow together and earn together and promote Waves based token with promising growth and future plan to exist and growth Join on DICORD Here Asset ID:26CmY1tc9jgQ...

Coins & Token That Pay Dividends to the holder

10 Apr 2019 11 minute read 2 comments LiteLiger

Dividend Paying Crypto Coins & Tokens I decided to collect all Crypto coins & tokens that are paying dividends for people who are hodling coins/tokens in their wallets.  Let's start this list with one of the more popular ones out there. KuCoin shar...

Authorship Tokens (ATS): Platform For E-Book Writers Sharing Their Crafts

1 Apr 2019 4 minute read 0 comments fycee

It was the Middle of year 2017, sometime in August when I have first delved into Airdrops and be able to share this opportunity to a large group of crypto-wannabies which turned out to be a success because it really dispensed real money thru ERC20-Re...

3/25/2019 Redfishcoin Stockholders Payment Report and Updates!

25 Mar 2019 2 minute read 1 comment Redfishcoin

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

Trading Redfishcoin on External Exchange

23 Mar 2019 1 minute read 1 comment Redfishcoin

Trading Redfishcoin on Nanu Exchange We invited you to take a look on Redfishcoin growth and limited supply on this Exchange.Even on WavesDEX, We don't have much selling ordersRedfish has a limited supply onlyhaving 1 Million total supply and you may...

AZBIT - BLOCKCHAIN INVESTMENT CEO as ICO ADVISOR, Reason why you should join in ICO.

18 Mar 2019 1 minute read 0 comments chichan47

ABOUT: The Azbit project primarily aims to provide traditional banking and financial services to users of cryptocurrencies and blockchain projects and to allow access to easy-to-use and secure trading and investment tools: CopyTrade, ShareTrade and P...