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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.

Felixo Coin Airdrop and Competitions

10 Jul 2020 1 minute read 0 comments Qwertyx

1. Coin Description Coin Name : Felixo Coin Coin Symbol : FLX Issue Date : 2019-04-22 2. Coin Introduction You can found all info about $FLX on here.   3. Coin Overview Max Supply : 10,000,000,000 Circulating Supply : ‭2,008,009,369.22‬ Type : Token...

Claim 30,000 CNG Tokens (~300$) for free - Sing up and pass KYC

6 May 2020 1 minute read 0 comments wulck

Until the 20th of May you can claim 30,000 CNG Tokens worth approximately 300 $ on Coinsbit, register here and pass KYC process and its done. CNG Token The CNG Token from CNGame Casino and partner Coinsbit should be the best solution for casino's tok...

BRRRRRRR Token - Free crypto each day until July 4th 2020

4 May 2020 1 minute read 6 comments Doge

Money Printer go BRRRRRRR   Come and claim 1,200 free BRSD token each day on the Ethereum blockchain (gas fees required, usually a few pennies).  There are enough BRRRRRRR tokens to cover the entire USD money supply and it is being constantly update...

$ATMOS Airdrop🔝🤑🌧

14 Mar 2020 1 minute read 0 comments jeninacrypto

Hello peeps! This market is depressing AF😣 BUT if you're still here and haven't capitulated yet, drop your UID in the next tweet from The Novusphere and they'll make it rain some $ATMOS tokens!😃🌧🤑 Also Retweet & tag a friend for a chance to get s...


20 Feb 2020 1 minute read 0 comments DREWO Until you sign up on the site by the link to register you will earn 100 tokens and the number will grow with your referrals The more referrals the more you will earnmoreover, consider registerin...

CoinDeal still give free Token

31 Oct 2019 1 minute read 2 comments Sebuska29190

The CoinDeal exchange confirms that its tokens have already been received by over 80,000 users, which means that each participant can additionally receive up to 500 CDL tokens. The closer the market launch, which is scheduled for November 12 this yea...

Ether Clown Airdrop Delta (15,000 KLOWN Up for Taking)

18 Sep 2019 1 minute read 0 comments LiteLiger

It’s been problematic two weeks due to Ethereum network being congested with lot of transactions from Tether, making fees go above 20 cents at times for simple transaction, this has slowed significantly the rate of claims for Ether Clown Gas drop an...

Join The hot bounty Program Of Dragon Token.

28 Aug 2019 1 minute read 1 comment Shariful islam

Hello, What Is Dragon Token?Dragon token is own decentralized exchange platform token.The DragonToken is a ERC20 Token utility token that is used for exchange fees on the Dragon Exchange. As an ERC20 token, Dragon Token can be traded on Dragon Excha...

What Are CoinPot Tokens And How To Use Them

21 Jul 2019 4 minute read 1 comment arcanu

The most immediate, cost-free and risk-free approach for earning bitcoins online, is by effectively using a Bitcoin faucet or faucets that offer other altcoins. The biggest advantage when using CoinPot partner faucets is that the cryptos you collect...

LATOKEN Airdrop - Invitation Link

22 May 2019 1 minute read 6 comments The Very Confused Martin Babalor

LAToken is a blockchain exchange for tokenizing and trading real assets using cryptocurrencies.  LAToken is rapidly growing  with a daily turnover of $300 million, more than 300,000 users, and over 320 crypto available for trading. It was recently ra...