The Questions

(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)
(2) What is the difference between a token and a coin?
(3) Explain the different categories token listed below and explain its features.
Utility tokens
Security tokens
Equity tokens
Non-fungible token (NFT)
(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).

       The Questions and Answers

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)

• Crypto tokens are a type of cryptocurrency that represents an asset that resides on an already existing blockchain. Tokens are used for investment purposes, to make purchases. Tokens are developed through an initial coin offering, which represents the cryptocurrency version of an initial public offering (IPO). Tokens also serve as a stake in the project.

• A token are virtual currencies that are built on an already existing blockchain. They created through ICO to raise to funds for a project.

• Terra MOON: Built on Bitcoin blockchain

• BitTorrent (BTT): Built on TRON blockchain.

• Axie Infinity token (AXS): Built on Ethereum blockchain.

• Pancakeswap Token (CAKE): Built on Binance Smart Chain.

• WINkLink (WIN): Built on TRON blockchain.

• Everipedia : built on EOS blockchain.

What is the difference between a token and a coin?

• Coins are developed on a new platform while token are developed on an existing platform.

• Coins are developed only to act as money, while tokens are also developed for purposes like voting, security and governance.

• Coins are used to purchase token while token are not used to buy coins.

• Coins are used in public blockchain while token is used for a specific project.

• Examples of coins are Steem, Bitcoin, Litecoin and Ethereum While WINkLink, Pancakeswap and BitTorrent are examples of tokens.

• Coins are native currencies used by the blockchain while token are derived currencies.

• Buyers are not rewarded when coins are bought but buyers are rewarded when tokens are bought.

Explain the different categories token listed below and explain its features.

Utility tokens

This are token developed to assist the developer satisfy the financial need the encounter when developing a new project. It holders are given access to many features of the project, like voting and partaking in decision making of a project. When tokens are purchased the buyer are given rewards for purchasing.

• Note : token are also used as payment services in the ecosystem of the project.

• An example of utility tokens is Basic Attention.

Equity tokens

Equity tokens are tokens that gives an investor his voting rights to also make decisions in a project. Investors with this equity tokens are
entitled to financial shares in the project. Having an equity token means you have a portion of the project assets. equity tokens acts as a traditional stock asset that are developed on a Blockchain.

• Examples of equity tokens are Neufund, Slice, BFToken, RRT Token, etc.

Security tokens

Security tokens are unique token that are usually issued on a permission based blockchain, that represents a stake in an external organisation. It can be used to secure a project. Security tokens are transparent token that are similar with the equity tokens. Security tokens are subjected to higher regulatory than utility tokens.

Non-fungible tokens

Non-fungible token is a kind token that is managed in a digital ledger. Each non-fungible token acts as a kind of certificate of authenticity, identifying that a digital asset is unique and not interchangeable.There are unique tokens that can't be replaced with another of their types of token.

• Examples of these tokens are THETA1THETA, Chiliz (CHZ), Flow, Decentraland (MANA) .

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).

Bit Torrent

BitTorrent is a token that is developed, runs and stores data on a Tron blockchain, it was introduced in early 2019 by Justin Sun. Bit Torrent was launched on binance. The buyers of Bit torrent pays for their Bit Torrent using TRX and BNB.

In minutes 59.8 billion tokens was sold, worth about $7.2 million, eventually sending a total number of 10.1 % of the total supply to TRX holders (Tron Foundation’s native token). In February 2019 Airdrop started and it will continue every month, until February 2025. Bit torrent are the best when it concerns torrenting in the world .

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Features of Bit Torrent

BitTorrent is built on a Tron blockchain as a TRC-10 cryptographic token.

• BitTorrent is the native crypto token that work on a peer to peer network .

• Fast speed download: Blit Torrent was developed to solve the problem of slow download which used to be very frustrating user downloading files from the internet.

• Schedule for when it’s convenient:
  Bit Torrent also has the ability to schedule downloads for users who might not be at a convenient location to perform downloads on their system or phone, due to low battery or bad network.

• Download torrents in bulk
  Bit Torrent also has the ability to download files in very large quantity,bulk or amount

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Aim of Bit Torrent

The main aim of BitTorrent was to utilize the token of the world largest decentralized file sharing protocol, BitTorrent was developed to improve content sharing and the bandwidth accessibility which result made access to large number of users on the blockchain unlimited.

• It was aimed so decentralized file sharing could be tokenized with their cryptocurrency token.

• it is developed to improve the speed of download

Bit Torrent	Data
Price	$0.004372
Market Cap	$2,885,089,293.31
Market rank	#46
Market Dominance	0.14%
Volume-24h	$563,055,735
Volume/Market Cap	0.1628
Circulating Supply	659,952,625,000 BTT
Total Supply	990,000,000,000 BTT
Yesterday's Volume	$485,120,848.93

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Use Case

• Bit torrent is a token which is often used for bulk, fast and scheduled downloads, to better the act of downloading in our today word.

• Bit Torrent was created through ICO to raise to funds for a project.
  

Conclusion

Tokens are easy to create, as they can be created on existing blockchains. After going through i believe you understand why are important and the difference between coin and tokens.It is important that we are to be careful when we intend to invest in, to avoid investing in scam projects. The crypto world is so open that anyone can get involved and with different motives. Thus we must apply caution.
Thank you Professor @reminiscence01 who taught the course, "Understanding the tokens." .

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CC : @reminiscence01