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Author Topic: What's a token ?  (Read 665 times)
karl.laue
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June 20, 2018, 07:50:47 PM
 #101

I personally think, that one of the best new inventions is ICO. If you are interested in it, I can recommend CRYPTICS.
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aminurrahaman
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June 20, 2018, 11:14:25 PM
 #102

Hi guys , recently I was interested in tokens with airdrops but what are they finally ? Could someone help me please ?  Roll Eyes

Tokens are a representation of a particular asset or utility, that usually resides on top of another blockchain. Tokens can represent basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!

Creating tokens is a much easier process as you do not have to modify the codes from a particular protocol or create a blockchain from scratch. All you have to do is follow a standard template on the blockchain – such as on the Ethereum or Waves platform – that allows you to create your own tokens. This functionality of creating your own tokens is made possible through the use of smart contracts; programmable computer codes that are self-executing and do not need any third-parties to operate. It really is super cool! 
engrawaz
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June 21, 2018, 07:11:02 AM
 #103

simply put token is a smart contract built upon a blockchain protocol like Ethereum (ERC20), NEO (NEP-5).. etc
BhuwanPujari
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June 21, 2018, 07:59:06 AM
 #104

If you have enough money, you can invest your money in an airdrop. An airdrop always giving follower many tokens Smiley

But I think you don't need to have money for airdrops. Airdrops means you do the required social tasks and follow the rules and later on you'll get the reward when the event will get over. How much will you get is either pre determined or dependent on the total number of participants.
winspiral
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June 21, 2018, 09:28:03 AM
 #105

If you have enough money, you can invest your money in an airdrop. An airdrop always giving follower many tokens Smiley

But I think you don't need to have money for airdrops. Airdrops means you do the required social tasks and follow the rules and later on you'll get the reward when the event will get over. How much will you get is either pre determined or dependent on the total number of participants.

Yes and no...
what you say are generalities.

A token is what the creator do with.
The creator is the first holder.
Once the tokens have changed holder,the tokens are what the holders do with.

The potential power of ERC20 tokens is so far not exploited.

Follow my ERC20 token WSPU2 and its related WSPU2pts and you will see the full power of the system.








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Cryptoville247
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June 21, 2018, 09:37:50 AM
 #106

Tokens to my understanding are cryptocurrencies which are based on the blockchain of other altcoins other than Bitcoin.
ArunTomar
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June 21, 2018, 09:58:27 AM
 #107

In the digital world, minting currencies is an activity that doesn’t seem to be restricted to central banks anymore.  Bitcoin is the best example of how, from a private environment, a blockchain-based virtual currency can be rolled out in the market, albeit subject to many limitations due to the lack of a legal framework to regulate it. But bitcoin was just the beginning of a fully-fledged revolution, the second step of which might very well be the tokens.
chulos
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June 21, 2018, 12:30:45 PM
 #108

If you are interested in token airdrops, you should know what the tokens are. There are currently more than 140 Tokens, and most of them are running on the Ethereums blockchain. Tokens represent a specific asset or tool usually found at the top of another blockchain, for example, at Ethereum blockchain. These are the ERC20 tokens. There are also NEP-5 tokens. NEP-5 tokens are tokens that run on NEO blockchain network. For these two types of tokens, there is the Infinito Universal wallet.
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June 21, 2018, 12:46:51 PM
 #109

tokens are the result of our hard work in cooperation with a company or so on. for beginner token is very spur, because toekn is the valuation of a company for our work, for example bounty campaign.
rosemary4u
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June 21, 2018, 01:17:31 PM
 #110

In terms of digital currencies, tokens refers to cryptocurrencies  when they are first offered either by airdrop or ICO( initial Coin Offering). Through airdrop you get the tokens for free or by performing some minimal tasks especially on social media whiles with  the ICO you need to invest to get the tokens. A token becomes a coin when it becomes tradable.

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Labonikhatun
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June 21, 2018, 01:45:32 PM
 #111

In cryptocurrency, The term token is used in a very general sense to describe any digital asset where bitcoin is a token and ether is a token. In this sense token are created and sent through the internet when transactions are created and exist as entries on a given coin blockchain. Cryptocurrency is a standard currency which is used for the sole purpose of making or receiving token payment on the blockchain.

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zhanglichen
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June 21, 2018, 02:40:16 PM
 #112

Hi guys , recently I was interested in tokens with airdrops but what are they finally ? Could someone help me please ?  Roll Eyes
Firstly , you should know the token is not a real coin , project always promise they will swap these tokens to real coin . However , there are just a little project can finish that . Lots of project will be dead . The best famous token is EOS .

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June 22, 2018, 08:40:24 AM
 #113

A Crypto Airdrop is when a blockchain project or ICO distributes free tokens or coins to the crypto community.
ankurguta87
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June 24, 2018, 05:10:25 AM
 #114

To make it simpler, cryptocurrency can be considered as the parent category. Under that, you have coins/altcoins/cryptcoins as one sub-category and tokens as another sub-category.

A token is a kind of cryptocurrency (without a currency usecase), that is usually issued on top of another blockchain. Generally, in any usecase, tokens represent utility or an asset, or sometimes both.

For an example, consider Golem project which has GNT tokens. Golem or GNT tokens are hosted on Ethereum’s blockchain and Ether (ETH) is the primary currency (or fuel) for the entire Ethereum blockchain.
shi0714
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June 27, 2018, 10:32:54 AM
 #115

Token is an encoding currency that is issued during ICO (Initial Coin Offering). Because the ICO concept may be mistaken for a coin release, some projects that use the ITO concept (Initial Token Offering) combined with the Token Generation Event (TGE) will provide a more accurate view.

zhanglichen
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June 27, 2018, 02:13:29 PM
 #116

Some projects want to publish their project , but It's not finished or just a ideal . But they want to sell their coins and promise it will be swpaped by 1:1 , that's ICO .

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June 27, 2018, 02:49:34 PM
 #117

Token is a kind of cryptocurrency but it's divided to asset token and utility token.

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