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.


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...

Zero to Apein! - Community Reward Pool Token(s) (NFTs) for My Followers, Any, and All

31 Dec 2022 1 minute read 0 comments veegee

FOR EVERY RACE AND CREED SERVICE REGARDLESS OF ABILITY TO PAY Discovering and exploring many ideas and finding an image of the above coin.  Pondering a creation of a token to set as an example, an experiment, and also a proof of concept.  Of whateve...

How to earn money through Solana discord whitelist

29 Dec 2022 2 minute read 1 comment lilneon

Solana is a decentralized blockchain platform that was designed to be fast, scalable, and secure. It has gained popularity in recent years as a platform for decentralized applications (dApps) and for hosting tokens, including non-fungible tokens (NFT...

How to Tokenize an Asset: Exclusive Guide

27 Dec 2022 4 minute read 0 comments MintDice.com

With the announcement of Donald Trump’s new NFT collection, many people are wondering how they too can make their own NFTs to sell. Creating an NFT is a process in the blockchain world called asset tokenization. Asset tokenization is process in whic...

Virtualgrowth Coin Token Index

25 Dec 2022 1 minute read 0 comments veegee

Virtualgrowth as a coin token index of sorts from Math, and what has learned over many years in crypto and beyond. bitcoin and satoshis... ...That's part what we want and want to stand on.  Bitcoin was first and SAtoshi as the first and satoshi as t...

How To Set Up A Validator For SORA On OnFinality

19 Dec 2022 4 minute read 0 comments OnFinality

OnFinality is a blockchain infrastructure platform that saves web3 builders time and makes their lives easier. We deliver easy-to-use, reliable and scalable API endpoints for the biggest blockchain networks and empower developers to automatically tes...

Centurion Invest Partners with MetaStudio & takes a leap into Web3 and a $100 Billion content creator economy

5 Dec 2022 3 minute read 0 comments coincruncher

Centurion Invest, a payment infrastructure and facilitator company with its own native token, announced its partnership with MetaStudio, a global DAO metaverse helping content creators maximize their skill by rewarding them with ownership and incenti...