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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.

Top 10 Crypto Coin Launchpads

15 Jun 2022 4 minute read 0 comments TheNiftyRevolution

  ICO (Initial Coin Offering) launchpads are a great way for new teams to market their coins and change the world or die trying :P Jokes aside, these launchpads are important to get the much-needed attention to the next best coin and also to give ear...

Crypto Basics #9: What even are NFTs?

12 Jun 2022 3 minute read 0 comments 2sats

*obligatory not financial advice*   Hi, In this series I want to explain some terms that are relevant to the amazing world of cryptocurrencies to help newcomers understand it better. Today I want to talk about Non-fungible Tokens.   Previous Parts: C...

Crypto Basics - Fiat vs Coin vs Token, what is the difference?

11 Jun 2022 5 minute read 3 comments Patch

In this post, I thought we would take a stab at trying to better understand a few of the words that get thrown around and that seem to mean the same thing. As you probably figured out already they do mean similar things but not the same thing. So let...

Crypto Basics - Reading a Whitepaper

9 Jun 2022 9 minute read 6 comments Patch

In this post I will explain what it is I look for when I am reading a project's white paper. Things that hopefully will let me know whether I want to invest in it or not. Let us jump in, shall we? This post should not be viewed as financial advice,...

Crypto Basics #8: What are Coins and What are Tokens?

6 Jun 2022 2 minute read 0 comments 2sats

*obligatory not financial advice*   Hi, In this series I want to explain some terms that are relevant to the amazing world of cryptocurrencies to help newcomers understand it better. Today I want to talk about the difference between tokens and coins....

Farming stablecoin

5 Jun 2022 2 minute read 0 comments adereign

Stablecoin is one of the many cryptocurrencies that is quite popular among the investors as it offers stability of its value. But what is stablecoin mining? Let's find out with this article. Stablecoin mining is a process of mining stablecoins. There...

You can earn EXD tokens right now

30 May 2022 2 minute read 0 comments Astronaut

A few days ago we talked about EXD (native token of Exorde), concluding the review by mentioning the possibility of starting to earn EXD tokens now. So, how can it be done? And to whom is it available? I have good news — it’s available to everyone!...

EXD - native token of Exorde

24 May 2022 1 minute read 2 comments Astronaut

We recently reviewed the Exorde Protocol which aims to collect and link public data on the Internet in order to fight against the distortion of information during its distribution. So let's talk today about Exorde native token - EXD. It will functio...

Double your chances in 100k Solcial contest

10 May 2022 1 minute read 0 comments Astronaut

As you know, a great Solcial Сontest with prize pool 100 000 SLCL has started a few days ago. I hope you have already participated in it. If so then today I have good news for you on how you can increase your chances of winning. You need to go to th...

Evaluating Tokenomics

26 Apr 2022 4 minute read 0 comments cryptne3d

Have you ever wondered why some of the coins you hold perform worse than others? One of the main reasons that are often overlooked is tokenomics. Even if a project has a good team or a significant investment, it can perform poorly if its tokenomics p...