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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.

It's about taste

27 Aug 2022 2 minute read 0 comments Alther

Some like sweetness, some like salty taste, and some even have become accustomed to bitterness. It's a matter of taste, where a person's different flavors cannot be forced to like what he doesn't like. It is widespread about tastes that can be descri...

And one day Matic comes back home

18 Aug 2022 1 minute read 1 comment Martin Kelen

Hi again Cripto Lovers (And haters) This time I'm writting for tell you a gratifying thing I just realize occur to me Last year, very close to chrismas time I was posting how I had lost money by a network error Basically I sent 15 Polygon's Matic fro...


18 Aug 2022 11 minute read 0 comments elena_did

NFTs   NFTs stand for non-fungible token. In essence NFTs are all about OWNERSHIP. Let’s start with the ‘T’, so tokens, that means units of data, stored on a blockchain, created using cryptography and technology, so we have more security. Each NFT is...

Actifit - move to earn AFIT tokens

13 Aug 2022 1 minute read 1 comment valo

If you happen to be a Hive or a Steem user, you might have come across Actifit, an app that rewards you for making between 5000 and 10 000 steps in a day. So far, I've been motivated to go out and move just to hit the 5k mark. And I even started doin...

The Different Between DeFi 1.0 vs DeFi 2.0

12 Aug 2022 1 minute read 2 comments Madeline Jane

WHAT IS DEFI 2.0? WHY IS THERE A DEFI 2.0 CONCEPT? Although being revolutionary in providing decentralized financial services, DeFi still has some restrictions. Thus, the concept of DeFi 2.0 was introduced to solve those issues and prompt the first-g...

All You Need To Know About Coindesk's Social Token $DESK

31 Jul 2022 2 minute read 0 comments finguru

  If you have spent a few years in the crypto space, you must have read at least one article from Coindesk. It's one of the most popular crypto news/blog platforms run by in-house journalists, experts, and outside contributors from all over the worl...

MUNA: Africa's Bridge To a Global Economy

15 Jul 2022 1 minute read 0 comments Salome Ogbolu

In 21st century Africa, cryptocurrency is easily the new mojo as the continent tilts towards integrating blockchain and its technology into daily economic interactions. Supporting multi-chain cryptocurrencies, Muna is a simple cryptocurrency app for...

Matching Tourism With Crypto: Ariva Digital (ARV)

30 Jun 2022 5 minute read 0 comments Swapzone

  Ariva Digital is a global B2C tourism and travel platform with the Ariva Coin (ARV) as its native cryptocurrency. Developers created the futuristic token for local travel and tourism networks. With ARV, holders and members can link up with local a...

List of 5 Utility Tokens: Exploring What Is A Utility Token?

29 Jun 2022 4 minute read 1 comment Swapzone

Unaware to most, the term cryptocurrency is a blanket word used to describe all types of digital assets. In reality, there are actually several types of cryptocurrencies. The majority of them fall into two distinct categories; coins or tokens. Tokens...

What is the difference between investing in tokens, NFTs & traditional equity and how that applies to investment clubs

19 Jun 2022 2 minute read 0 comments treforest

As the rapid development of blockchain technologies, we see plenty of blockchain-based projects coming up one after another. Particularly, many of these projects are likely to issue their own tokens or create NFTs for the purpose of seeking funds and...