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.


Redfishcoin Powered by Waves Platform

11 Mar 2019 2 minute read 1 comment Redfishcoin

Why Redfishcoin? First, we must look on the history of why it was called Redfish anyway. It started on a small community in Steemit, a blogging site since 2016 where you can earn while blogging. Last May 2017, Redfish is a new official ranks for all...

Game changer: One platform to create a token AND list it, on a built-in exchange...

28 Feb 2019 5 minute read 0 comments The Global Crypto Press Association

[Global Crypto Press Association - Official dispatch]   This isn't your typical story of a blockchain startup, in every way imaginable.The path usually taken clearly hasn’t led to enough positive results to make the case that it’s a mistake to go ano...

The Airbnb of Outdoor Advertising

18 Feb 2019 2 minute read 0 comments Christine

HYGH is an outdoor advertising crypto startup based in Berlin. They are like the Airbnb of outdoor advertising, allowing advertisers to directly book digital ad space from businesses of all sizes who in turn earn passive income from the advertising n...

Think Your Tokens Are Going to the Moon? IOST Wants NASA to Take Them There

16 Feb 2019 1 minute read 0 comments BlockchainAuthor

The Earth's moon is the ultimate figurative destination for every cryptocurrency. And the team over at IOST wants to take their tokens there. In yet another real-world application for blockchain tech, the cryptosphere's #58 ranked project is in talks...

Investigating Coinbase token listings

11 Feb 2019 3 minute read 1 comment Jakub W

In the following article I have analyzed deposits of ERC-20 tokens to Coinbase, before listing announcements, I have done it because several people have expressed remarks on suspicious transfers which could be indicator of insider information.      M...

Tokenising All The World!

8 Feb 2019 1 minute read 0 comments maya

This week's podcast from Crypto Confidence looks at digital tokenisation. This concept is sometimes poorly understood, but has the potential to radically transform the way we value assets across the world... If you like, tokenisation is the disrupti...

$0 to $1000,000 DAY 1/90 +$39.05

7 Feb 2019 1 minute read 5 comments SniperMax

$0 to $1000,000 DAY 1/90 +$39.05   So, as announced in previous post, i set myself a challenge to get from $0 in crypto to $1000,000 in 90 days or less. I will focus 90% on Bitcointalk bountyes as there is really a huge choice and faucets became high...

Conversion from tokens earned on Dapps to other currencies, both crypto or fiat, should be EASY before mass adoption

29 Jan 2019 1 minute read 0 comments Haiaty

  One of the things that should be done in order to achieve mass adoption of cryptocurrency and Dapps is make the process of convert one currency, lets' say AMP, to another currency  EASY.I mean, actually, if you want to convert the tokens earned in...

How to make money while surfing - Preseach 2022

22 Jun 2022 2 minute read 0 comments Kolus290

Earning money in cryptocurrencies is not a very easy task to say guys, it requires a lot of research guys and above all a lot of passion for cryptocurrencies, I am even going to write something that has caught my attention, it is about a search engin...

Top DeFi Tokens On-chain Data in Feb

3 Mar 2022 1 minute read 1 comment Dapp.com

  🚀 Biggest token HODLers growth- $CRO by Crypto.com +7.6%. Price +0.99%. 🔥Largest active address growth- $SHIB by ShibaSwap active address +26.39% & +13.11 respectively. Price +14.01% 😎 Only one with positive transfer volume growth- $SHIB transf...