A project that started out in the Ethereum ecosystem may soon be a worthy adversary for the network.
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.
Participants of a $5.6 million token sale did not expect a return on investment, the NAC Foundation argued.5019
Overzealous investors have once again realized losses after rushing to trade the native token of Andre Cronje’s latest DeFi experiment.5778
Two dozen security tokens drove $9.15 million in trade during September.8307
We’re in the middle of the greatest wealth transfer in human history, with DeFi finally solving the problem of financial inclusion.23757
SBI is considering tokenizing assets like real estate and fine art in the future.6487
The recent DeFi frenzy has seen $900 million worth of Bitcoin tokenized using Wrapped Bitcoin over the past two months.8334
The car manufacturer is trialing the new blockchain system, which offers customers tokenized loyalty points, before its potential rollout worldwide.3921
Dapper Labs, the team behind Cryptokitties, has completed a Dutch auction for the native token of their ‘Flow’ blockchain, selling 2% of its entire supply at $0.38 each5063
Binance Futures’ DeFi Composite Index has lost half of its value since launching, while TokenSets’ DeFi Pulse Index is down by one-third.10283
SEC v. Kik doesn’t have to be game-over for Kik or SAFTs. In fact, the decision is perhaps more favorable than the SEC v. Telegram order.7871
NBA Top Shot, the officially licensed crypto collectibles from the team behind CryptoKitties, has opened its beta version to the public.3421
Diversification is key to ensuring you will be able to take advantage of every opportunity without incurring too much risk.5880
Two exchanges weigh in on the scene around Yearn.finance and its highly priced YFI token.23096
New NFT marketplaces may even leave Ethereum altogether to deal with high gas fees.10227