Hey everyone here I am back in this week homework with new lesson of understanding token I understand this very well and here is my assignment.
1) What do you understand by Token and give an example of at least 5 tokens and identify the blockchain it is built on. ( give at least 3 different Blockchains)
Tokens are not coin they are basically a individual form of helping hand of any upcoming project. They are less coding consuming and are less expensive than that of coin. They don't have there own blockchain servers they always exist on other blockchain of existing coin. If any coin or project will gonna realease in a market first of all a person realease there ICO through token which help the person financially to launch the project.
There are many existing token 5 of them are
Uniswap token having ethereum blockchain.
FTX token having binance chain
BitTorrent token having tron blockchain
Bakery token having binance smart chain.
Chainlink token having ethereum blockchain.
Here, I mentioned 5 types of token from different blockchains.
2)What is the difference between a token and a coin?
| Coin | Token |
|---|---|
| Coin have there own blockchain. | Token do not have there own blockchain. |
| Coin need big investment in built. | Token won't need as big investment to built. |
| Coin need high power and programming channels to launch | Token doesn't have to much programing part. |
(3)Explain the different categories of token listed below and explain its features
Security token
Security token is a flexible token which act as a bridge in between cryptocurrency and financial like stock exchange , traditional asset and shares. Through a security token a person can easily invest in shares through digital mode. They have very loe transcation fees and time consuming is also less.
Equity tokens
Through this token a person can launch there shares in market intially at low cost and can find investors for there upcoming projects also the person who invest in this tokens get divident. If some part of equity token is own by you is the part of the share in the market is own by you and you can vote to decision making of that particular share you have right to do that.
Utility tokens
Utility token are the token which issues to the public during the events of launching the coin or asset which help the person to follow there roadmap and can go-ahead with the investment of the investors. Through that money they can follow up there projects and work further. Through utility token a person have part in the asset and also become part of the project. Can make decision also.
Non-fungible token (NFT)
This token contain all the data of the blockchain it's a unique token which cannot be the same of the other NFT token. And have there own ownership and it's a unique token over all.
4) Make your own research and write extensively on any token you listed in question one. (Must include features of the token, the aim of the project, Use cases).
UNISWAP
Uniswap is a token on ethereum blockchain which to ERC-20 exchange. It is governed by Dapps community of those who hold this token and can also vote to upgrade this and dicision making of the project and roadmaps related to that.
1). Uniswap swapping the ERC-20 token on ethereum blockchain.
2). This swap is built to unsearch of public wellfare.
3). By adding this uniswap token in the list person can start having divident for that particular.
The current price of uniswap on coincapmarket is $27.27 and rank allover is 11 with is good indication. They also have increase of 4. 81%.
Conclusion
Here in this topic I learned alot about the token types of token difference of token from all asset and also made research upon one token and see all things abt that token. Overall this topic was really good and have so much to learn about. Thank you professor @reminiscence01 for this amazing lecture.
Hello @amokie1821, I’m glad you participated in the 8th week of the Beginner’s class at the Steemit Crypto Academy. Your grades in this task are as follows:
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