Token

550 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.


Geon - Visit Places And Get Rewarded

5 May 2019 7 minute read 0 comments Solomon Stephen

I have read several blogs where the blog owner shares ideas on how to earn an income online. Most of the ideas shared require a skill. It's either you are expected to be a writer to start writing on freelancing sites, a developer, designer, or even a...

Bitfinex token ?

2 May 2019 1 minute read 0 comments CEDCryptoCoin

Bitfinex wants its own "Binance coin" One Bitfinex token will cost exactly $ 1. Bitfinex wants to raise one billion dollars. Option within IEO?So far, it looks like this IEO will only be for big players. The minimum buy-in is set to a million dollars...

Redfishcoin, a Security Token or a Utility Token?

2 May 2019 2 minute read 0 comments Redfishcoin

Understanding Redfishcoin, a Security Tokens or a Utility Tokens? The United States Securities and Exchange Commission (SEC) clamping down on ICOs, what is the risk?   Because of ICOs, massive scam scheme and lots of money lost, US SEC try to Id...

European football teams have their tokens from socios.com

1 May 2019 1 minute read 0 comments wenxop

socios.com is a platform with its own blockchain called Chilliz based on an ethereum fork and which creates tokens based on the erc20 protocol. This platform has made the issuance of several tokens called Fanstokens for teams of the Premier League of...

Redfishcoin going Strong!

1 May 2019 1 minute read 0 comments Redfishcoin

We thanks to all Holders; Redfishcoin is doing well even the Waves market was experience a dip, from $3 to $2 in just 1 week. Now, 1 Redfish is worth 0.2822 waves. We are Growing and strengthen our Buy orders. We had a sell-off but our buyback Progra...

When Market is down, You have to BUY it!

30 Apr 2019 1 minute read 0 comments Redfishcoin

Be afraid when others are greedy,Be greedy when others are afraid! Time to buy more Redfishcoin1 Redfish is just 0.28 WavesBut in USD it is just around $0.58 Time for a Bag HolderWaves value is down, a good chance to buy RedfishIn a week ago, Redfis...

Bitfinex said it would issue IEO and raise 1 Bln USDT

30 Apr 2019 1 minute read 2 comments daniejjimenez

ZHAO Dong, a Bitfinex stakeholder, allegedly revealed that Bitfinex will launch IEO and some leviathans have subscribed to a value of $ 300 million in tokens.       The statement is not officially verified, however, it has traveled far. Dovey Wan, f...

Did you HODL?

29 Apr 2019 1 minute read 0 comments Redfishcoin

We are in the midst of Bloody marketIf we try to sell at this moment we might earn more or lost in the middleAnd if you are not sure, Then HODL! Now, Redfish Value is 0.297 WavesWell, it seems it will go upBut in terms of USD. it is around $0.59Thi...

Redfishcoin, A good time to BUY

27 Apr 2019 1 minute read 0 comments Redfishcoin

The Waves market is Bloody right nowAnd you may think that it is not good for buying,But the truth is,Buy when others are afraidBe afraid if others are buying! But Hey,Wither the market is up or down, Redfishcoin is the best way to hide!When the mar...

Looking for Rewards: Miracle Tele offers in a new manner

26 Apr 2019 3 minute read 0 comments globetrotter

It is the conviction of beggar that we live in the 21ST century. In the century when there are basically a lot of different gadgets and advances around us, each one of them is destined for a sort of region of response to itself. It is difficult to s...