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.


What Is a Security Token? Utility Tokens vs Security Tokens

14 Feb 2023 7 minute read 5 comments StealthEX

In times when tokens have become popular alternative means of payment and exchange, data tokenization and its models started playing a crucial role in the global economy. In this article, we’ll try to do an overview of security tokens and compare the...

What Is a Utility Token? Security Tokens vs Utility Tokens

11 Feb 2023 7 minute read 9 comments StealthEX

When it comes to tokens and their categories, it’s clear that they all have their own functionality, which differs from each other. When talking about tokenization and the types of tokens, we can usually identify a certain number of token groups, inc...

How to introduce Hive blockchain to the world, and increase the onboarding numbers

6 Feb 2023 1 minute read 7 comments Heruvim78

    I am thinking about a way to educate people in crypto, as a suite of training or courses, and how you can make them more enticing, eventually leading more people to Discord and to using the Hive ecosystem. There is Moodle, there is DeWork...

New $DOGE clone has a serious problem

6 Feb 2023 1 minute read 2 comments Aldeneer

Recently some people have found that Dingo Token is a potential scam after finding out that it has function allowing the project's owner to change trading fee up to almost 99% of the transaction value! Information about the token: It is currently som...

Posting on Publish0x every day for the next 365 days - Day Sixteen, 'Moss Carbon Credit (MC02)'.

2 Feb 2023 1 minute read 0 comments LeftFooted

Day 16 on my quest to write something on Publish0x every day for a year. And today we gotta talk about Moss Carbon Credit (MC02), a token designed to represent, as the name suggests, a project that serves a sole purpose: Earth preservation. A mi...

Unveiling the Fun and Relaxing Blockchain-Based Game I Enjoy in My Spare Time

16 Jan 2023 2 minute read 5 comments gianne

When I was a child, I liked to play mobile games, and when I accumulated a lot of in-game assets, I wished that I could convert them into cash. Lo and behold, who would have thought that it's really possible. Blockchain technology and non-fungible to...

Utility Token vs Security Token

13 Jan 2023 1 minute read 4 comments StealthEX

The main difference between security and utility tokens is the purpose of their emissions. What Is a Utility Token?  These are tokens with the help of which users get access to the software utility (or service) of the blockchain platform. They do not...

Mining Tokens with your phone - Next Pi Network is here!

12 Jan 2023 1 minute read 6 comments Makingdigital

If you missed the Pi Network opportunity and want to get back on the train, I bring you a new application to mine tokens from your mobile totally free every day. Same system as the one offered by the Pi Network and you still have many months ahead to...

Does Crypto Can Fix Inflation?

11 Jan 2023 1 minute read 2 comments shohana1

Image Source : Pixabay   The answer could be pretty diplomatic as everything can be happen and it depends on either use or misuse. Inflation is a very common issue now and we all are victim to it. Millionaires and billionaires may have no time to...

Making your own token with WaxDao

4 Jan 2023 1 minute read 2 comments KylinVDM

If you aren't familiar WaxDao is a really cool website/service which has staking farms, blending, token creating and probably more things that I don't know about yet. There is an excellent video tutorial for making coins here -> https://www.youtube.c...