Novel cryptocurrency project PornVisory plans to reward its users with blockchain tokens for watching porn on its platform.
A token is a unit of value that is released by an organization and based on a blockchain, acting as an alternative for tasks when a cryptocurrency is unable to be used. Tokens exist digitally as a distributed record in the register of a blockchain. To understand tokens better, it is important to realize that they are to attract investors in an initial coin offering or ICO. While new Bitcoins are made through mining, new tokens are made by an individual or entity that already has Bitcoins or other kinds of digital money. Everyone can invest in a start-up with a guarantee of getting a share of the income from transactions. So here, tokens work as stock but does not give its owner managing rights in the company. Inside an application, tokens function as an internal currency for buying products and services and they facilitate the investment of fiat money into the cryptocurrency-related projects. Here they perform as debentures with a guarantee of profit in a fixed period of time.
Predicting the increasing tokenization of real-world assets, Tokyo-based startup Yiedl plans to launch the first P2P marketplace for NFT mortgages and rentals.7037
Bittrex to carefully review the facts of a 24M STEEM transaction from an unknown Steem account, co-founder Richie Lai says.6212
Travala.com’s proprietary token joins the list of crypto assets accepted by cryptocurrency payment processor, CoinGate.4185
Steem’s latest hard fork has been completed but almost $6 million of STEEM due for seizure was ‘rescued’ in a mysterious transaction to Bittrex exchange.4727
The Celo Mainnet is now live, enabling users to transfer Celo Gold tokens they received in the foundation’s recent $10 million auction.6145
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization.4815
Free TON launches first community contests, planning to distribute thousands of TON Crystals among winners and participants.5319
Only few TON investors reportedly want to support Telegram and wait for a 110% refund until April 2021 after TON’s official termination, a new report says.3420
Celo founder Rene Reinsberg discusses entering the early phases of mainnet and The Celo Foundation’s recent $10 million auction.3802
A market cap surge from April still leaves HEX critics labeling the cryptocurrency a borderline Ponzi scheme.5099
Tokenized technological solutions would be a better option for identity verification at scale without sacrificing people’s data and their privacy.3857
Overstock is seeking the dismissal of a lawsuit accusing the firm of market manipulation and issuing misleading information regarding tZERO.8957
Binance recently added its own leveraged tokens, just weeks after removing similar FTX products from its exchange.8007
Gibraltar’s government is treating token sales as securities offerings by default unless the issuer can prove otherwise.14685